REGISTERED NUMBER: 03718923 (England and Wales)

Tour Tech (UK) Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M K Mobberley

REGISTERED OFFICE:

Unit 2 Bridge Street

Wordsley

Stourbridge

West Midlands

DY8 5YU

REGISTERED NUMBER:

03718923 (England and Wales)

ACCOUNTANTS:

UHY Hacker Young (Bham) LLP

9-11 Vittoria Street

Birmingham

B1 3ND

FIXED ASSETS

Tangible assets

4

505,447

594,827

CURRENT ASSETS

Stocks

22,944

22,944

Debtors

5

203,240

166,494

Cash at bank

48,295

52,372

274,479

241,810

CREDITORS

Amounts falling due within one year

6

54,128

47,584

NET CURRENT ASSETS

220,351

194,226

TOTAL ASSETS LESS CURRENT LIABILITIES

725,798

789,053

CREDITORS

Amounts falling due after more than one year

7

-

(14,167

)

PROVISIONS FOR LIABILITIES

(96,035

)

(113,017

)

NET ASSETS

629,763

661,869

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

629,753

661,859

SHAREHOLDERS' FUNDS

629,763

661,869

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2025 and were signed by:

M K Mobberley - Director

1.	STATUTORY INFORMATION

Tour Tech (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentational and functional currency of these financial statements is sterling. All amounts in the financial statements have been rounded to the nearest £1.

Measurement convention

The financial statements are prepared on the historical cost basis except in the instance where assets and liabilities are stated at their fair value.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they have adopted the going concern basis of accounting in preparing these financial statements.

Basic financial instruments

Trade and other debtors / creditors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of instrument for a similar debt instrument.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and call deposits.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation for all tangible assets is calculated using the reducing balance method, where a fixed percentage is applied to the carrying value of the asset at the beginning of each period.

Depreciation Rates:

Plant and Machinery: Depreciation is calculated at 15% per annum on a reducing balance basis.

Fixtures and Fittings: Depreciation is calculated at 15% per annum on a reducing balance basis.

Computer Equipment: Depreciation is calculated at 33% per annum on a reducing balance basis.

Motor Vehicles: Depreciation is calculated at 25% per annum on a reducing balance basis.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or other income, in which case it is recognised directly in equity or other income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date.

Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.

Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet date.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that is it probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

2,093,970

DEPRECIATION

At 1 January 2024

1,499,143

Charge for year

89,380

At 31 December 2024

1,588,523

NET BOOK VALUE

At 31 December 2024

505,447

At 31 December 2023

594,827

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

105,522

81,522

Amounts owed by participating interests

87,718

74,972

Other debtors

10,000

10,000

203,240

166,494

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

13,380

10,000

Hire purchase contracts

4,948

4,585

Trade creditors

2,441

8,213

Taxation and social security

31,091

20,918

Other creditors

2,268

3,868

54,128

47,584

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

-

14,167

8.	RELATED PARTY TRANSACTIONS

Stage Audio Services Limited owns a majority shareholding in Tour Tech (UK) Limited.

During the year ended 31 December 2024, Stage Audio Services Limited purchased £50,000 (2023: £50,000) from Tour Tech (UK) Limited, for management charges. At 31 December 2024, £101,600 (2023: £77,600) is outstanding and owed to Tour Tech (UK) Limited. During the year Stage Audio Services purchased £20,000 from Tour Tech Limited for management charges (2023: £Nil).

Tour Tech (UK) Limited made loans of £Nil (2023: £Nil) to Stage Audio Services Limited during the year ended 31 December 2024. Stage Audio Services Limited made loans of £Nil (2023: £1,673) to Tour Tech (UK) Limited during the year ended 31 December 2024. At 31 December 2024, £72,718 is owed by Stage Audio Services Limited (2023: £74,973).