IRIS Accounts Production v23.3.0.418 11777386 director 1.2.22 31.1.23 31.1.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure117773862022-01-31117773862023-01-31117773862022-02-012023-01-31117773862021-01-31117773862021-02-012022-01-31117773862022-01-3111777386ns16:EnglandWales2022-02-012023-01-3111777386ns15:PoundSterling2022-02-012023-01-3111777386ns11:Director12022-02-012023-01-3111777386ns11:PrivateLimitedCompanyLtd2022-02-012023-01-3111777386ns11:SmallEntities2022-02-012023-01-3111777386ns11:AuditExempt-NoAccountantsReport2022-02-012023-01-3111777386ns11:SmallCompaniesRegimeForAccounts2022-02-012023-01-3111777386ns11:AbridgedAccounts2022-02-012023-01-3111777386ns11:OrdinaryShareClass12022-02-012023-01-3111777386ns11:RegisteredOffice2022-02-012023-01-3111777386ns6:CurrentFinancialInstruments2023-01-3111777386ns6:CurrentFinancialInstruments2022-01-3111777386ns6:Non-currentFinancialInstruments2023-01-3111777386ns6:Non-currentFinancialInstruments2022-01-3111777386ns6:ShareCapital2023-01-3111777386ns6:ShareCapital2022-01-3111777386ns6:RetainedEarningsAccumulatedLosses2023-01-3111777386ns6:RetainedEarningsAccumulatedLosses2022-01-3111777386ns6:FurnitureFittings2022-02-012023-01-3111777386ns6:ComputerEquipment2022-02-012023-01-3111777386ns6:DeferredTaxation2022-01-3111777386ns6:DeferredTaxation2022-02-012023-01-3111777386ns6:DeferredTaxation2023-01-3111777386ns11:OrdinaryShareClass12023-01-3111777386ns6:RetainedEarningsAccumulatedLosses2022-01-3111777386ns6:RetainedEarningsAccumulatedLosses2022-02-012023-01-3111777386ns11:Director112022-01-3111777386ns11:Director112021-01-3111777386ns11:Director112022-02-012023-01-3111777386ns11:Director112021-02-012022-01-3111777386ns11:Director112023-01-3111777386ns11:Director112022-01-31
REGISTERED NUMBER: 11777386 (England and Wales)












MR. TORTOISE LIMITED

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023






MR. TORTOISE LIMITED (REGISTERED NUMBER: 11777386)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MR. TORTOISE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: Mr G Karypidis





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 11777386 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

MR. TORTOISE LIMITED (REGISTERED NUMBER: 11777386)

ABRIDGED BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,043 8,354

CURRENT ASSETS
Stocks 71,622 62,129
Debtors 20,894 15,004
Cash at bank 41,509 1,328
134,025 78,461
CREDITORS
Amounts falling due within one year 64,188 36,624
NET CURRENT ASSETS 69,837 41,837
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,880

50,191

CREDITORS
Amounts falling due after more than one
year

5

-

(28,131

)

PROVISIONS FOR LIABILITIES 6 (1,338 ) (1,587 )
NET ASSETS 75,542 20,473

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 75,442 20,373
SHAREHOLDERS' FUNDS 75,542 20,473

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MR. TORTOISE LIMITED (REGISTERED NUMBER: 11777386)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 October 2023 and were signed by:





Mr G Karypidis - Director


MR. TORTOISE LIMITED (REGISTERED NUMBER: 11777386)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Mr. Tortoise 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 represents amounts derived from the sale of goods to customers during the year, and is recognised at the date the risks and rewards of ownership of goods were transferred to the customer. This is stated after trade discounts, other sales taxes and net of VAT.

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 - 15% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

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.

MR. TORTOISE LIMITED (REGISTERED NUMBER: 11777386)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2022
and 31 January 2023 13,860
DEPRECIATION
At 1 February 2022 5,506
Charge for year 1,311
At 31 January 2023 6,817
NET BOOK VALUE
At 31 January 2023 7,043
At 31 January 2022 8,354

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.1.23 31.1.22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal - 4,442

6. PROVISIONS FOR LIABILITIES
31.1.23 31.1.22
£    £   
Deferred tax 1,338 1,587

Deferred
tax
£   
Balance at 1 February 2022 1,587
Provided during year (249 )
Balance at 31 January 2023 1,338

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100 Ordinary £1 100 100

MR. TORTOISE LIMITED (REGISTERED NUMBER: 11777386)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


8. RESERVES
Retained
earnings
£   

At 1 February 2022 20,373
Profit for the year 55,069
At 31 January 2023 75,442

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
Mr G Karypidis
Balance outstanding at start of year - -
Amounts advanced 14,314 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,314 -

During the year the director had been charged interest at HMRC rates of £267 on the overdrawn director's balance. The outstanding balance has been repaid in full on 28/09/2023.

10. ULTIMATE CONTROLLING PARTY

Mr Grigorios Karypidis, the director, controls the company as a result of holding 100 percent of the issued share capital.