TURN FLICKS LIMITED

Company Registration Number:
SC611287 (Scotland)

Unaudited statutory accounts for the year ended 31 October 2021

Period of accounts

Start date: 01 November 2020

End date: 31 October 2021

TURN FLICKS LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2021

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

TURN FLICKS LIMITED

Company Information

for the Period Ended 31 October 2021




Director: Olumide Fadeyibi
Registered office: 57
Skylands Rise
Hamilton
GB-SCT
ML3 8TS
Company Registration Number: SC611287 (Scotland)

TURN FLICKS LIMITED

Balance sheet

As at 31 October 2021


Notes

2021
£

2020
£
Fixed assets
Intangible assets: 4 6,500 6,500
Tangible assets: 5 15,000 15,000
Total fixed assets: 21,500 21,500
Current assets
Debtors: 6 1,200
Cash at bank and in hand: 300
Total current assets: 1,500
Prepayments and accrued income: 700 1,650
Creditors: amounts falling due within one year: 7 ( 2,000 ) ( 1,650 )
Net current assets (liabilities): 200 0
Total assets less current liabilities: 21,700 21,500
Creditors: amounts falling due after more than one year: 8 ( 900 ) ( 1,650 )
Provision for liabilities: ( 900 )
Total net assets (liabilities): 19,900 19,850

The notes form part of these financial statements

TURN FLICKS LIMITED

Balance sheet continued

As at 31 October 2021


Notes

2021
£

2020
£
Capital and reserves
Called up share capital: 500 15,000
Revaluation reserve: 9 150 150
Profit and loss account: 19,250 4,700
Shareholders funds: 19,900 19,850

For the year ending 31 October 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 24 August 2022
And Signed On Behalf Of The Board By:

Name: Olumide Fadeyibi
Status: Director

The notes form part of these financial statements

TURN FLICKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

TURN FLICKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2021

  • 2. Employees


    2021

    2020
    Average number of employees during the period 1 1

TURN FLICKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2021

  • 3. Off balance sheet disclosure

    No

TURN FLICKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2021

4. Intangible assets

Goodwill Other Total
Cost £ £ £
At 01 November 2020 4,500 2,000 6,500
Additions - - -
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 October 2021 4,500 2,000 6,500
Amortisation
Amortisation at 01 November 2020 - - -
Charge for year - - -
On disposals - - -
Other adjustments - - -
Amortisation at 31 October 2021 - - -
Net book value
Net book value at 31 October 2021 4,500 2,000 6,500
Net book value at 31 October 2020 4,500 2,000 6,500

TURN FLICKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2021

5. Tangible assets

Office equipment Total
Cost £ £
At 01 November 2020 15,000 15,000
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 October 2021 15,000 15,000
Depreciation
At 01 November 2020 - -
Charge for year - -
On disposals - -
Other adjustments - -
At 31 October 2021 - -
Net book value
At 31 October 2021 15,000 15,000
At 31 October 2020 15,000 15,000

TURN FLICKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2021

6. Debtors


2021
£

2020
£
Other debtors 1,200
Total 1,200

TURN FLICKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2021

7.Creditors: amounts falling due within one year note


2021
£

2020
£
Bank loans and overdrafts 0
Trade creditors 600 650
Other creditors 1,400 1,000
Total 2,000 1,650

TURN FLICKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2021

8.Creditors: amounts falling due after more than one year


2021
£

2020
£
Other creditors 900 1,650
Total 900 1,650

TURN FLICKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2021

9. Revaluation reserve


2021
£
Balance at 01 November 2020 150
Surplus or deficit after revaluation 0
Balance at 31 October 2021 150