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REGISTERED NUMBER: 04836829 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Turners Bakers Limited

Turners Bakers Limited (Registered number: 04836829)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Turners Bakers Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr PK Turner
Mrs SL Turner





SECRETARY: Mrs SL Turner





REGISTERED OFFICE: 7 Machon Bank Road
Sheffield
South Yorkshire
S7 1PE





REGISTERED NUMBER: 04836829 (England and Wales)





ACCOUNTANTS: Lishmans LLP
16-18 Station Road
Chapeltown
Sheffield
South Yorkshire
S35 2XH

Turners Bakers Limited (Registered number: 04836829)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 36,812 43,320
36,812 43,320

CURRENT ASSETS
Stocks 8,060 6,770
Debtors 6 3,782 15,733
Cash at bank 122,588 122,005
134,430 144,508
CREDITORS
Amounts falling due within one year 7 159,196 182,035
NET CURRENT LIABILITIES (24,766 ) (37,527 )
TOTAL ASSETS LESS CURRENT LIABILITIES 12,046 5,793

PROVISIONS FOR LIABILITIES 8 6,999 -
NET ASSETS 5,047 5,793

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 5,045 5,791
SHAREHOLDERS' FUNDS 5,047 5,793

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

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

Turners Bakers Limited (Registered number: 04836829)

Balance Sheet - continued
31 July 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 24 October 2023 and were signed on its behalf by:





Mr PK Turner - Director


Turners Bakers Limited (Registered number: 04836829)

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

1. STATUTORY INFORMATION

Turners Bakers Ltd is a private company , limited by shares , registered in England and Wales. The company's registered number is 04836829 and registered office address is 7 Machon Bank Road, Sheffield, South Yorkshire, S7 1PE.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of fifteen years.

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.

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 - 20% on reducing balance basis
Fixtures and fittings - 15% on reducing balance basis
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance basis

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.

Turners Bakers Limited (Registered number: 04836829)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 50,000
AMORTISATION
At 1 August 2022
and 31 July 2023 50,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 54,277 79,951 34,418 713 169,359
Additions 2,478 - - - 2,478
Disposals - - (15,991 ) - (15,991 )
At 31 July 2023 56,755 79,951 18,427 713 155,846
DEPRECIATION
At 1 August 2022 36,266 59,473 30,062 238 126,039
Charge for year 3,765 3,070 823 238 7,896
Eliminated on disposal - - (14,901 ) - (14,901 )
At 31 July 2023 40,031 62,543 15,984 476 119,034
NET BOOK VALUE
At 31 July 2023 16,724 17,408 2,443 237 36,812
At 31 July 2022 18,011 20,478 4,356 475 43,320

Turners Bakers Limited (Registered number: 04836829)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,782 15,733

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 14,326 9,959
Taxation and social security 11,461 2,703
Other creditors 133,409 169,373
159,196 182,035

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 6,999 -

Deferred
tax
£   
Provided during year 6,999
Balance at 31 July 2023 6,999