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REGISTERED NUMBER: 07590163 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2023

for

Turtle Tots Limited

Turtle Tots Limited (Registered number: 07590163)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Turtle Tots Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs C K Sparks
Mrs G E Lixton





REGISTERED OFFICE: Railway House
Station Close
Backwell
Bristol
BS481TJ





REGISTERED NUMBER: 07590163 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

Turtle Tots Limited (Registered number: 07590163)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 37,353 39,628
Tangible assets 5 543 1,087
37,896 40,715

CURRENT ASSETS
Stocks 25,205 11,340
Debtors 6 106,623 143,213
Cash at bank and in hand 129,236 138,413
261,064 292,966
CREDITORS
Amounts falling due within one year 7 157,545 147,545
NET CURRENT ASSETS 103,519 145,421
TOTAL ASSETS LESS CURRENT LIABILITIES 141,415 186,136

CREDITORS
Amounts falling due after more than one year 8 (120,748 ) (184,642 )

PROVISIONS FOR LIABILITIES (136 ) (207 )
NET ASSETS 20,531 1,287

CAPITAL AND RESERVES
Called up share capital 10 110 110
Retained earnings 11 20,421 1,177
SHAREHOLDERS' FUNDS 20,531 1,287

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

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

Turtle Tots Limited (Registered number: 07590163)

Balance Sheet - continued
31 March 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 August 2023 and were signed on its behalf by:





Mrs C K Sparks - Director


Turtle Tots Limited (Registered number: 07590163)

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

1. STATUTORY INFORMATION

Turtle Tots 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33.33% 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 11 ) .

Turtle Tots Limited (Registered number: 07590163)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 61,081
AMORTISATION
At 1 April 2022 21,453
Charge for year 2,275
At 31 March 2023 23,728
NET BOOK VALUE
At 31 March 2023 37,353
At 31 March 2022 39,628

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022
and 31 March 2023 8,389
DEPRECIATION
At 1 April 2022 7,302
Charge for year 544
At 31 March 2023 7,846
NET BOOK VALUE
At 31 March 2023 543
At 31 March 2022 1,087

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 69,708 75,996
Directors' current accounts 31,919 62,728
Prepayments 4,996 4,489
106,623 143,213

Turtle Tots Limited (Registered number: 07590163)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 42,092 52,684
Trade creditors 9,489 1,787
Tax 45,598 24,217
Social security and other taxes 1,859 8,873
VAT 35,916 36,884
Other creditors 1,766 4,100
Directors' current accounts 10,625 -
Accrued expenses 10,200 19,000
157,545 147,545

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 42,092 53,518
Bank loans - 2-5 years 78,656 131,124
120,748 184,642

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 12,211 11,193
Between one and five years 5,427 18,655
17,638 29,848

10. CALLED UP SHARE CAPITAL

Share capital for the company on 31st March 2023 consisted of:

5,000 ordinary A shares, nominal value £0.001, total value £50
5,000 ordinary B shares, nominal value £0.001, total value £5
1 ordinary C share, nominal value £0.01, total value £0.01
1 ordinary D share, nominal value £0.01, total value £0.01
50,000 ordinary E shares, nominal value £0.001, total value £50
5,000 ordinary F shares, nominal value £0.001, total value £5

11. RESERVES
Retained
earnings
£   

At 1 April 2022 1,177
Profit for the year 191,644
Dividends (172,400 )
At 31 March 2023 20,421

Turtle Tots Limited (Registered number: 07590163)

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

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
Mrs G E Lixton
Balance outstanding at start of year 31,364 62,164
Amounts advanced 53,342 200
Amounts repaid (52,788 ) (31,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,918 31,364

Mrs C K Sparks
Balance outstanding at start of year 31,364 62,164
Amounts advanced 33,164 200
Amounts repaid (75,152 ) (31,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (10,624 ) 31,364

The overdrawn Director's loan accounts have been repaid within 9 months.