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REGISTERED NUMBER: 07700295 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2022

for

Tuerner & Co Limited
T/A
Turner & Co

Tuerner & Co Limited (Registered number: 07700295)
T/A Turner & Co

Contents of the Financial Statements
for the Year Ended 31 December 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tuerner & Co Limited
T/A Turner & Co

Company Information
for the Year Ended 31 December 2022







DIRECTORS: C M Turner
C Peverett
N M Turner
K McDermott





REGISTERED OFFICE: Bridge House
Old Grantham Road
Whatton
Nottingham
NG13 9FG





REGISTERED NUMBER: 07700295 (England and Wales)






Tuerner & Co Limited (Registered number: 07700295)
T/A Turner & Co

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 35,143 43,535
35,143 43,535

CURRENT ASSETS
Debtors 7 797,292 826,542
Prepayments and accrued income 26,358 28,135
Cash at bank 540,570 1,019,393
1,364,220 1,874,070
CREDITORS
Amounts falling due within one year 8 511,685 434,319
NET CURRENT ASSETS 852,535 1,439,751
TOTAL ASSETS LESS CURRENT
LIABILITIES

887,678

1,483,286

CREDITORS
Amounts falling due after more than one
year

9

(312,903

)

(413,036

)

PROVISIONS FOR LIABILITIES (7,236 ) (8,272 )
NET ASSETS 567,539 1,061,978

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 566,539 1,060,978
SHAREHOLDERS' FUNDS 567,539 1,061,978

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

Tuerner & Co Limited (Registered number: 07700295)
T/A Turner & Co

Balance Sheet - continued
31 December 2022


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 20 October 2023 and were signed on its behalf by:





N M Turner - Director


Tuerner & Co Limited (Registered number: 07700295)
T/A Turner & Co

Notes to the Financial Statements
for the Year Ended 31 December 2022


1. STATUTORY INFORMATION

Tuerner & Co 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Tuerner & Co Limited (Registered number: 07700295)
T/A Turner & Co

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Government grants received are recognised in the profit and loss account to match them with the expenditure to which they are intended to contribute.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2021 - 30 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 31 December 2022 300,000
AMORTISATION
At 1 January 2022
and 31 December 2022 300,000
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 -

6. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2022 65,840 49,983 115,823
Additions 23,651 223 23,874
At 31 December 2022 89,491 50,206 139,697
DEPRECIATION
At 1 January 2022 36,965 35,323 72,288
Charge for year 22,984 9,282 32,266
At 31 December 2022 59,949 44,605 104,554
NET BOOK VALUE
At 31 December 2022 29,542 5,601 35,143
At 31 December 2021 28,875 14,660 43,535

Tuerner & Co Limited (Registered number: 07700295)
T/A Turner & Co

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


7. DEBTORS
31.12.22 31.12.21
£    £   
Amounts falling due within one year:
Trade debtors 364,221 284,514
Amounts owed by associates 135,771 154,859
Other debtors 182,782 244,503
682,774 683,876

Amounts falling due after more than one year:
Other debtors 114,518 142,666

Aggregate amounts 797,292 826,542

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 104,146 86,964
Trade creditors 92,532 67,526
Taxation and social security 313,356 277,705
Other creditors 1,651 2,124
511,685 434,319

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans 312,903 413,036

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.22 31.12.21
£    £   
Within one year 54,000 54,000
Between one and five years 40,500 94,500
94,500 148,500

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
1,000 Ordinary £1 1,000 1,000

Tuerner & Co Limited (Registered number: 07700295)
T/A Turner & Co

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Advances were made to directors as follows:

31.12.2231.12.21
£   £   
Opening balance252,718 -
Amounts advanced 110,400 288,385
Amounts repaid(197,162)(35,667)
Closing balance165,956 252,718

The interest charged on any outstanding Director's Loans is the Bank of England base rate + 2.0%.

Of the above amounts, £51,438 is due within 1 year, and £114,518 is due after more than 1 year but less than 5 years.