Angela Turpin Costs Limited 09196404 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is provision of legal cost services Digita Accounts Production Advanced 6.30.9574.0 true true 09196404 2022-09-01 2023-08-31 09196404 2023-08-31 09196404 core:CurrentFinancialInstruments 2023-08-31 09196404 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 09196404 core:Non-currentFinancialInstruments 2023-08-31 09196404 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 09196404 core:FurnitureFittingsToolsEquipment 2023-08-31 09196404 bus:SmallEntities 2022-09-01 2023-08-31 09196404 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 09196404 bus:FullAccounts 2022-09-01 2023-08-31 09196404 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 09196404 bus:RegisteredOffice 2022-09-01 2023-08-31 09196404 bus:CompanySecretary1 2022-09-01 2023-08-31 09196404 bus:Director2 2022-09-01 2023-08-31 09196404 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 09196404 core:FurnitureFittings 2022-09-01 2023-08-31 09196404 core:FurnitureFittingsToolsEquipment 2022-09-01 2023-08-31 09196404 countries:EnglandWales 2022-09-01 2023-08-31 09196404 2022-08-31 09196404 core:FurnitureFittingsToolsEquipment 2022-08-31 09196404 2021-09-01 2022-08-31 09196404 2022-08-31 09196404 core:CurrentFinancialInstruments 2022-08-31 09196404 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 09196404 core:Non-currentFinancialInstruments 2022-08-31 09196404 core:Non-currentFinancialInstruments core:AfterOneYear 2022-08-31 09196404 core:FurnitureFittingsToolsEquipment 2022-08-31 iso4217:GBP xbrli:pure

Registration number: 09196404

Angela Turpin Costs Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2023

 

Angela Turpin Costs Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Angela Turpin Costs Limited

Company Information

Director

Ms AS Turpin

Company secretary

Mr JT Terry

Registered office

Fawley House
2 Marlow Road
Bourne End
Bucks
SL8 5TD

Accountants

Sterling Grove Accountants Limited
Chartered Certified Accountants
Fawley House
2 Marlow Road
Bourne End
Bucks
SL8 5TD

 

Angela Turpin Costs Limited

(Registration number: 09196404)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,167

959

Current assets

 

Debtors

5

65,276

46,107

Cash at bank and in hand

 

48,361

73,300

 

113,637

119,407

Creditors: Amounts falling due within one year

6

(51,626)

(49,364)

Net current assets

 

62,011

70,043

Total assets less current liabilities

 

63,178

71,002

Creditors: Amounts falling due after more than one year

6

(5,699)

(8,729)

Net assets

 

57,479

62,273

Capital and reserves

 

Called up share capital

100

100

Retained earnings

57,379

62,173

Shareholders' funds

 

57,479

62,273

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 17 October 2023
 

.........................................
Ms AS Turpin
Director

 

Angela Turpin Costs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Fawley House
2 Marlow Road
Bourne End
Bucks
SL8 5TD
England

These financial statements were authorised for issue by the director on 17 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Government grants

Government grants are recognised under the accrual model of grant recognition. This model requires the grant to be classified as either a revenue-based grant or a capital-based grant.

Government grants are recognised in profit or loss on a systematic basis over the periods in which the entity recognises expenses for the related costs for which the grants are intended to compensate.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset.

 

Angela Turpin Costs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and equipment

20% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.Trade debtors are recognised initially at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Angela Turpin Costs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Angela Turpin Costs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2022

2,423

2,423

Additions

499

499

At 31 August 2023

2,922

2,922

Depreciation

At 1 September 2022

1,464

1,464

Charge for the year

291

291

At 31 August 2023

1,755

1,755

Carrying amount

At 31 August 2023

1,167

1,167

At 31 August 2022

959

959

5

Debtors

Current

2023
£

2022
£

Trade debtors

64,753

45,584

Prepayments

523

523

 

65,276

46,107

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

7

3,011

2,936

Amounts owed to related parties

28,080

28,644

Taxation and social security

 

4,981

6,146

Accruals and deferred income

 

2,082

1,890

Other creditors

 

5,263

6,031

Corporation tax

 

8,209

3,717

 

51,626

49,364

 

Angela Turpin Costs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

5,699

8,729

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

5,699

8,729

2023
£

2022
£

Current loans and borrowings

Bank borrowings

3,011

2,936