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REGISTERED NUMBER: 04541486 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Turley & Turley Limited
Trading as
John Damien

Turley & Turley Limited (Registered number: 04541486)
Trading as John Damien






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Turley & Turley Limited
Trading as John Damien

Company Information
for the Year Ended 31 March 2023







DIRECTORS: D Turley
Mrs E Turley





SECRETARY: D Turley





REGISTERED OFFICE: 26 Bell Street
Sawbridgeworth
Hertfordshire
CM21 9AN





REGISTERED NUMBER: 04541486 (England and Wales)





ACCOUNTANTS: Lawrence & Company
Chartered Certified Accountants
26 Bell Street
Sawbridgeworth
Hertfordshire
CM21 9AN

Turley & Turley Limited (Registered number: 04541486)
Trading as John Damien

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 26,059 29,003
26,059 29,003

CURRENT ASSETS
Stocks 10,024 14,161
Debtors 6 21,335 -
Cash at bank 57,600 165,192
88,959 179,353
CREDITORS
Amounts falling due within one year 7 39,483 100,354
NET CURRENT ASSETS 49,476 78,999
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,535

108,002

CREDITORS
Amounts falling due after more than one
year

8

24,024

33,698
NET ASSETS 51,511 74,304

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 51,411 74,204
SHAREHOLDERS' FUNDS 51,511 74,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Turley & Turley Limited (Registered number: 04541486)
Trading as John Damien

Balance Sheet - continued
31 March 2023


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 10 August 2023 and were signed on its behalf by:





D Turley - Director


Turley & Turley Limited (Registered number: 04541486)
Trading as John Damien

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Turley & Turley 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Turley & Turley Limited (Registered number: 04541486)
Trading as John Damien

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 7,995
AMORTISATION
At 1 April 2022
and 31 March 2023 7,995
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 16,500 19,743 20,295 15,198 71,736
Additions - - - 2,269 2,269
At 31 March 2023 16,500 19,743 20,295 17,467 74,005
DEPRECIATION
At 1 April 2022 - 15,171 13,874 13,688 42,733
Charge for year - 2,286 1,605 1,322 5,213
At 31 March 2023 - 17,457 15,479 15,010 47,946
NET BOOK VALUE
At 31 March 2023 16,500 2,286 4,816 2,457 26,059
At 31 March 2022 16,500 4,572 6,421 1,510 29,003

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 21,335 -

Turley & Turley Limited (Registered number: 04541486)
Trading as John Damien

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 14,975 52,771
Taxation 2,004 15,696
Social security and other taxes 11,304 20,687
Accrued expenses 1,200 1,200
39,483 100,354

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 14,024 23,698
24,024 33,698

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
60 Ordinary A Shares £60 60 60
40 Ordinary B Shares £40 40 40
100 100

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £27,500 (2022 - £38,500) were paid to the directors .

The directors control the company by virtue of a direct controlling interest of 100% of the issued ordinary share capital.

Turley & Turley Limited
Trading as John Damien

Report of the Accountants to the Directors of
Turley & Turley Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Lawrence & Company
Chartered Certified Accountants
26 Bell Street
Sawbridgeworth
Hertfordshire
CM21 9AN


10 August 2023