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Company Registration No. 02031771 (England and Wales)
Turner & Wood (Rawdon) Limited Unaudited accounts for the year ended 28 February 2023
Turner & Wood (Rawdon) Limited Unaudited accounts Contents
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Turner & Wood (Rawdon) Limited Company Information for the year ended 28 February 2023
Directors
S Wood Mrs SE Wood ML Wood
Secretary
Mrs SE Wood
Company Number
02031771 (England and Wales)
Registered Office
Unit 6 Moorfield Industrial Estate Moorfield Road, Yeadon Leeds LS19 7BN
Accountants
Pearson & Associates Suite E, Canal Wharf Eshton Road Gargrave, Skipton North Yorkshire BD23 3SE
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Turner & Wood (Rawdon) Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
103,226 
124,915 
Current assets
Inventories
67,320 
65,470 
Debtors
84,424 
101,595 
Cash at bank and in hand
232,152 
184,162 
383,896 
351,227 
Creditors: amounts falling due within one year
(146,639)
(124,408)
Net current assets
237,257 
226,819 
Total assets less current liabilities
340,483 
351,734 
Provisions for liabilities
Deferred tax
(11,929)
(9,620)
Net assets
328,554 
342,114 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
327,554 
341,114 
Shareholders' funds
328,554 
342,114 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2023 and were signed on its behalf by
ML Wood Director Company Registration No. 02031771
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Turner & Wood (Rawdon) Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Turner & Wood (Rawdon) Limited is a private company, limited by shares, registered in England and Wales, registration number 02031771. The registered office is Unit 6 Moorfield Industrial Estate, Moorfield Road, Yeadon, Leeds, LS19 7BN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% on Cost;
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Turner & Wood (Rawdon) Limited Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 March 2022
66,026 
56,911 
34,167 
42,884 
666 
200,654 
At 28 February 2023
66,026 
56,911 
34,167 
42,884 
666 
200,654 
Depreciation
At 1 March 2022
24,825 
35,134 
712 
14,673 
395 
75,739 
Charge for the year
760 
5,444 
8,364 
7,053 
68 
21,689 
At 28 February 2023
25,585 
40,578 
9,076 
21,726 
463 
97,428 
Net book value
At 28 February 2023
40,441 
16,333 
25,091 
21,158 
203 
103,226 
At 28 February 2022
41,201 
21,777 
33,455 
28,211 
271 
124,915 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
82,444 
99,615 
Accrued income and prepayments
1,980 
1,980 
84,424 
101,595 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
72,196 
68,833 
Taxes and social security
45,864 
35,275 
Other creditors
9,931 
15,231 
Loans from directors
15,848 
2,269 
Accruals
2,800 
2,800 
146,639 
124,408 
7
Average number of employees
During the year the average number of employees was 7 (2022: 7).
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