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REGISTERED NUMBER: 11187880 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Turner & Hares Limited

Turner & Hares Limited (Registered number: 11187880)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Turner & Hares Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Miss C E Powney
Miss D E Terndrup



REGISTERED OFFICE: 25 Castle Street
Cirencester
Gloucestershire
GL7 1QD



REGISTERED NUMBER: 11187880 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Lloyds Bank
7 Carter Street
Uttoxeter
ST14 8HD

Turner & Hares Limited (Registered number: 11187880)

Statement of Financial Position
28 February 2023

28/2/23 28/2/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,004 3,556

CURRENT ASSETS
Stocks 63,116 37,863
Debtors 5 1,106 1,511
Cash at bank and in hand 19,871 41,546
84,093 80,920
CREDITORS
Amounts falling due within one year 6 64,577 48,607
NET CURRENT ASSETS 19,516 32,313
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,520

35,869

CREDITORS
Amounts falling due after more than one
year

7

22,500

32,500
NET ASSETS 20 3,369

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 18 3,367
SHAREHOLDERS' FUNDS 20 3,369

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Turner & Hares Limited (Registered number: 11187880)

Statement of Financial Position - continued
28 February 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 23 October 2023 and were signed on its behalf by:




Miss D E Terndrup - Director



Miss C E Powney - Director


Turner & Hares Limited (Registered number: 11187880)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Turner & Hares 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on reducing balance
Computer equipment - 33% on cost

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 statement of financial position date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

Turner & Hares Limited (Registered number: 11187880)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 March 2022 5,199 1,419 6,618
Additions 764 - 764
At 28 February 2023 5,963 1,419 7,382
Depreciation
At 1 March 2022 2,589 473 3,062
Charge for year 843 473 1,316
At 28 February 2023 3,432 946 4,378
Net book value
At 28 February 2023 2,531 473 3,004
At 28 February 2022 2,610 946 3,556

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Other debtors 1,106 1,511

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 28,260 15,223
Taxation and social security 22,742 18,691
Other creditors 3,575 4,693
64,577 48,607

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28/2/23 28/2/22
£    £   
Bank loans 22,500 32,500

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
28/2/23 28/2/22
£    £   
Within one year 12,600 16,800
Between one and five years - 12,600
12,600 29,400

Turner & Hares Limited (Registered number: 11187880)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

28/2/23 28/2/22
£    £   
Miss D E Terndrup
Balance outstanding at start of year (17 ) (2,717 )
Amounts advanced 29,900 22,800
Amounts repaid (29,900 ) (20,100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (17 ) (17 )

Miss C E Powney
Balance outstanding at start of year (3,973 ) (4,373 )
Amounts advanced 31,300 20,500
Amounts repaid (29,900 ) (20,100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,573 ) (3,973 )