Tuningbill Limited - Filleted accounts

Registered number

11720342

Tuningbill Limited

Unaudited Filleted Accounts

31 December 2024

Tuningbill Limited
Registered number:		11720342
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		1,894			900
Investments	4		8,458			8,458
			10,352			9,358

Current assets
Debtors	5	377,970			938,285
Cash at bank and in hand		40,177			128,597
		418,147			1,066,882

Creditors: amounts falling due within one year	6	(119,485)			(569,295)

Net current assets			298,662			497,587

Total assets less current liabilities			309,014			506,945


Provisions for liabilities			(360)			(171)


Net assets			308,654			506,774

Capital and reserves
Called up share capital			1,303			1,303
Pending allotment			799,406			513,429
Share premium			1,518,928			1,518,928
Profit and loss account			(2,010,983)			(1,526,886)

Shareholders' funds			308,654			506,774

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


Asit Beesen
Director
Approved by the board on 30 December 2025

Tuningbill Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 4 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees			2024		2023
	Including the director			Number	Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
						Plant and machinery etc
£
	Cost
	At 1 January 2024					2,542
	Additions					1,831
	At 31 December 2024					4,373

	Depreciation
	At 1 January 2024					1,642
	Charge for the year					837
	At 31 December 2024					2,479

	Net book value
	At 31 December 2024					1,894
	At 31 December 2023					900


4	Investments
Investments in
subsidiary			Other
undertakings			investments		Total
£			£		£
	Cost
	At 1 January 2024	4,757		3,701		8,458

	At 31 December 2024	4,757		3,701		8,458


5	Debtors			2024		2023
£					£

	Trade debtors			-		298
	Amounts owed by group undertakings			71,784		-
	Other debtors			306,186		937,987
				377,970		938,285


6	Creditors: amounts falling due within one year			2024		2023
£					£

	Trade creditors			29,226		435,350
	Taxation and social security costs			824		63
	Other creditors			89,435		133,882
				119,485		569,295


7	Related party transactions			2024		2023
£					£
	With a company where the director has cotrolling interest:
	With a company where the director has cotrolling interest:
	a) Sum payable on demand			-		133,548
	b) Sum due from them			153,717		-


	The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, not to disclose related party transactions with wholly owned subsidiaries within the group.




8	Controlling party

	The director has controlling stake in the company


9	Other information

	Tuningbill Limited is a private company limited by shares and incorporated in England. Its registered office is:
	124 City Road
	London
	EC1V 2NX