B & W Micro Tunnelling Systems Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10729921 (England and Wales)

B & W Micro Tunnelling Systems Ltd

Unaudited Financial Statements for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

Mr M D Brookes

Mr S Williams

Registered office:

B & W Tunnelling

Abergarw Trading Estate

Brynmenyn

Bridgend

CF32 9LW

Registered number:

10729921 (England and Wales)

Accountants:

Menzies LLP

5th Floor Hodge House

114-116 St Mary Street

Cardiff

CF10 1DY

Fixed assets

Tangible assets

4

499,915

630,228

Current assets

WIP

48,235

-

Debtors

5

21,152

10,566

Cash at bank

222,757

383,086

292,144

393,652

Creditors

Amounts falling due within one year

6

(14,834

)

(81,047

)

Net current assets

277,310

312,605

Total assets less current liabilities

777,225

942,833

Creditors

Amounts falling due after more than one
year

7

(3,099

)

(13,281

)

Provisions for liabilities

(124,979

)

(157,557

)

Net assets

649,147

771,995

Capital and reserves

Called up share capital

8

4

Retained earnings

9

649,143

771,991

Shareholders' funds

649,147

771,995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 September 2026 and were signed on its behalf by:

Mr S Williams - Director

1.	Statutory information

B & W Micro Tunnelling Systems Ltd 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.

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 is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

The financial statements have been prepared on a going concern basis. The shareholders currently anticipate that the company is likely to be sold during the forthcoming year. Based on the information presently available, it is expected that the company will continue to operate as a going concern both during the sale process and following any change in ownership.

3.	Employees and directors

The average number of employees during the year was 4 (2024 - 4 ) .

4.	Tangible fixed assets

Plant and

Motor

machinery

vehicles

Totals

£

Cost

At 1 January 2025

1,327,874

53,081

1,380,955

Disposals

-

(9,090

)

(9,090

)

At 31 December 2025

1,327,874

43,991

1,371,865

Depreciation

At 1 January 2025

718,869

31,858

750,727

Charge for year

121,802

3,178

124,980

Eliminated on disposal

-

(3,757

)

(3,757

)

At 31 December 2025

840,671

31,279

871,950

Net book value

At 31 December 2025

487,203

12,712

499,915

At 31 December 2024

609,005

21,223

630,228

5.

Debtors: amounts falling due within one year

2025

2024

£

Trade debtors

-

2,700

Tax

8,037

-

VAT

4,542

-

Prepayments

8,573

7,866

21,152

10,566

6.

Creditors: amounts falling due within one year

2025

2024

£

Bank loans and overdrafts

10,000

Trade creditors

3,724

3,532

Tax

-

44,735

VAT

-

14,000

Other creditors

-

7,000

Accrued expenses

1,110

1,780

14,834

81,047

7.

Creditors: amounts falling due after more than one year

2025

2024

£

Bank loans - 1-2 years

3,099

10,000

Bank loans - 2-5 years

-

3,281

3,099

13,281

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

20

A Ordinary

0.10

2

20

B Ordinary

.10

2

4

9.

Reserves

Retained

earnings

£

At 1 January 2025

771,991

Deficit for the year

(122,848

)

At 31 December 2025

649,143

10.	Directors' advances, credits and guarantees

The following advances and credits from directors subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

Mr M D Brookes

Balance outstanding at start of year

-

39,000

Amounts repaid

-

(39,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

Mr S Williams

Balance outstanding at start of year

-

39,000

Amounts repaid

-

(39,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

11.	Related party disclosures

As at 31 December 2025, a balance of £Nil (2024: £Nil) was due to B & W Tunnelling Limited.