IRIS Accounts Production v18.3.0.592 04073206 Board of Directors 1.10.16 31.10.17 31.10.17 false true false false true false Ordinary 1.00000 215 215 215 215 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure040732062016-09-30040732062017-10-31040732062016-10-012017-10-31040732062015-09-30040732062015-10-012016-09-30040732062016-09-3004073206ns15:EnglandWales2016-10-012017-10-3104073206ns14:PoundSterling2016-10-012017-10-3104073206ns10:Director12016-10-012017-10-3104073206ns10:PrivateLimitedCompanyLtd2016-10-012017-10-3104073206ns10:SmallEntities2016-10-012017-10-3104073206ns10:AuditExempt-NoAccountantsReport2016-10-012017-10-3104073206ns10:SmallCompaniesRegimeForDirectorsReport2016-10-012017-10-3104073206ns10:SmallCompaniesRegimeForAccounts2016-10-012017-10-3104073206ns10:FullAccounts2016-10-012017-10-3104073206ns10:OrdinaryShareClass12016-10-012017-10-3104073206ns10:Director2422016-09-3004073206ns10:Director2422015-09-3004073206ns10:Director2422017-10-3104073206ns10:Director2422016-09-3004073206ns10:Director22016-10-012017-10-3104073206ns10:CompanySecretary12016-10-012017-10-3104073206ns10:RegisteredOffice2016-10-012017-10-3104073206ns5:CurrentFinancialInstruments2017-10-3104073206ns5:CurrentFinancialInstruments2016-09-3004073206ns5:ShareCapital2017-10-3104073206ns5:ShareCapital2016-09-3004073206ns5:RetainedEarningsAccumulatedLosses2017-10-3104073206ns5:RetainedEarningsAccumulatedLosses2016-09-3004073206ns5:PlantMachinery2016-10-012017-10-3104073206ns5:ComputerEquipment2016-10-012017-10-3104073206ns5:PlantMachinery2016-09-3004073206ns5:ComputerEquipment2016-09-3004073206ns5:PlantMachinery2017-10-3104073206ns5:ComputerEquipment2017-10-3104073206ns5:PlantMachinery2016-09-3004073206ns5:ComputerEquipment2016-09-3004073206ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-10-3104073206ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-09-3004073206ns5:AcceleratedTaxDepreciationDeferredTax2017-10-3104073206ns5:AcceleratedTaxDepreciationDeferredTax2016-09-3004073206ns5:DeferredTaxation2016-09-3004073206ns5:DeferredTaxation2016-10-012017-10-3104073206ns5:DeferredTaxation2017-10-3104073206ns10:OrdinaryShareClass12017-10-3104073206ns5:RetainedEarningsAccumulatedLosses2016-09-3004073206ns5:RetainedEarningsAccumulatedLosses2016-10-012017-10-3104073206ns10:Director112016-09-3004073206ns10:Director112015-09-3004073206ns10:Director112016-10-012017-10-3104073206ns10:Director112015-10-012016-09-3004073206ns10:Director112017-10-3104073206ns10:Director112016-09-30


REGISTERED NUMBER: 04073206 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST OCTOBER 2016 TO 31ST OCTOBER 2017

FOR

TURBO FORCE LIMITED

TURBO FORCE LIMITED (REGISTERED NUMBER: 04073206)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1ST OCTOBER 2016 TO 31ST OCTOBER 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TURBO FORCE LIMITED

COMPANY INFORMATION
for the Period 1ST OCTOBER 2016 TO 31ST OCTOBER 2017







DIRECTORS: J A Stephens
J M Halstead





SECRETARY: J M Halstead





REGISTERED OFFICE: Unit 21
The Old Mill Industrial Estate
School Lane, Bamber Bridge
Preston
Lancashire
PR5 6SY





REGISTERED NUMBER: 04073206 (England and Wales)





ACCOUNTANTS: Whitehead & Howarth
327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN

TURBO FORCE LIMITED (REGISTERED NUMBER: 04073206)

BALANCE SHEET
31ST OCTOBER 2017

31/10/17 30/9/16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,355 5,711

CURRENT ASSETS
Stocks 30,000 30,500
Debtors 5 11,407 6,590
Cash at bank and in hand 582 1,893
41,989 38,983
CREDITORS
Amounts falling due within one year 6 34,620 35,815
NET CURRENT ASSETS 7,369 3,168
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,724

8,879

PROVISIONS FOR LIABILITIES 7 785 1,033
NET ASSETS 10,939 7,846

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 9 10,936 7,843
SHAREHOLDERS' FUNDS 10,939 7,846

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st October 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st October 2017 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.

TURBO FORCE LIMITED (REGISTERED NUMBER: 04073206)

BALANCE SHEET - continued
31ST OCTOBER 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 13th November 2018 and were signed on its behalf
by:





J M Halstead - Director


TURBO FORCE LIMITED (REGISTERED NUMBER: 04073206)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1ST OCTOBER 2016 TO 31ST OCTOBER 2017

1. STATUTORY INFORMATION

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

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the period ended 31st October 2017 are the first that are prepared in accordance
with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the
date of transition to FRS 102 Section 1A is 1st October 2015.

Turnover
The turnover shown in the profit and loss account represents the value of all goods sold and services provided
during the year, less returns received, at selling price exclusive of Value Added Tax. Sales are recognised at the
point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the
product and service have been transferred to the customer.

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.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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

TURBO FORCE LIMITED (REGISTERED NUMBER: 04073206)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1ST OCTOBER 2016 TO 31ST OCTOBER 2017

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st October 2016 37,320 719 38,039
Additions 200 61 261
At 31st October 2017 37,520 780 38,300
DEPRECIATION
At 1st October 2016 32,228 100 32,328
Charge for period 1,433 184 1,617
At 31st October 2017 33,661 284 33,945
NET BOOK VALUE
At 31st October 2017 3,859 496 4,355
At 30th September 2016 5,092 619 5,711

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/17 30/9/16
£    £   
Trade debtors 10,879 4,806
Other debtors - 917
Directors' current accounts 215 215
Prepayments 313 652
11,407 6,590

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/17 30/9/16
£    £   
Bank loans and overdrafts 9,670 7,658
Trade creditors 9,410 7,804
Tax 948 -
Social security and other taxes 11,301 9,850
VAT 2,991 3,283
Other creditors 300 6,600
Accruals and deferred income - 620
34,620 35,815

7. PROVISIONS FOR LIABILITIES
31/10/17 30/9/16
£    £   
Deferred tax
Accelerated capital allowances 785 1,033

TURBO FORCE LIMITED (REGISTERED NUMBER: 04073206)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1ST OCTOBER 2016 TO 31ST OCTOBER 2017

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st October 2016 1,033
Provided during period (248 )
Balance at 31st October 2017 785

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31/10/17 30/9/16
value: £    £   
3 Ordinary £1 3 3

9. RESERVES
Retained
earnings
£   

At 1st October 2016 7,843
Profit for the period 3,093
At 31st October 2017 10,936

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31st October 2017 and the
year ended 30th September 2016:

31/10/17 30/9/16
£    £   
J M Halstead and J A Stephens
Balance outstanding at start of period (215 ) (215 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (215 ) (215 )

11. ULTIMATE CONTROLLING PARTY

The company was under the control of its directors, who together owned the entire issued share capital of the
company.