IRIS Accounts Production v23.3.0.418 07687514 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076875142022-02-28076875142023-02-28076875142022-03-012023-02-28076875142021-02-28076875142021-03-012022-02-28076875142022-02-2807687514ns10:Originalns15:EnglandWales2022-03-012023-02-2807687514ns14:PoundSterlingns10:Original2022-03-012023-02-2807687514ns10:Originalns10:Director12022-03-012023-02-2807687514ns10:Original2022-03-012023-02-2807687514ns10:Original2023-02-2807687514ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2807687514ns10:Originalns10:SmallEntities2022-03-012023-02-2807687514ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2807687514ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2807687514ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2807687514ns10:Originalns10:FullAccounts2022-03-012023-02-2807687514ns10:Originalns10:OrdinaryShareClass12022-03-012023-02-2807687514ns10:Originalns10:Director22022-03-012023-02-2807687514ns10:Originalns10:RegisteredOffice2022-03-012023-02-2807687514ns10:Original2022-02-2807687514ns10:Originalns5:CurrentFinancialInstruments2022-02-2807687514ns10:Originalns5:CurrentFinancialInstruments2023-02-2807687514ns10:Originalns5:Non-currentFinancialInstruments2022-02-2807687514ns10:Originalns5:Non-currentFinancialInstruments2023-02-2807687514ns5:ShareCapitalns10:Original2022-02-2807687514ns5:ShareCapitalns10:Original2023-02-2807687514ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2807687514ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2807687514ns10:Originalns5:PlantMachinery2022-03-012023-02-2807687514ns10:Originalns5:FurnitureFittings2022-03-012023-02-2807687514ns10:Originalns5:ComputerEquipment2022-03-012023-02-2807687514ns10:Original2021-03-012022-02-2807687514ns10:Original2022-02-2807687514ns10:Originalns5:LeaseholdImprovements2022-02-2807687514ns10:Originalns5:PlantMachinery2022-02-2807687514ns10:Originalns5:FurnitureFittings2022-02-2807687514ns10:Originalns5:ComputerEquipment2022-02-2807687514ns10:Originalns5:LeaseholdImprovements2022-03-012023-02-2807687514ns10:Originalns5:LeaseholdImprovements2023-02-2807687514ns10:Originalns5:PlantMachinery2023-02-2807687514ns10:Originalns5:FurnitureFittings2023-02-2807687514ns10:Originalns5:ComputerEquipment2023-02-2807687514ns10:Originalns5:LeaseholdImprovements2022-02-2807687514ns10:Originalns5:PlantMachinery2022-02-2807687514ns10:Originalns5:FurnitureFittings2022-02-2807687514ns10:Originalns5:ComputerEquipment2022-02-2807687514ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2807687514ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2807687514ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-02-2807687514ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-02-2807687514ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-02-2807687514ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-02-2807687514ns10:Originalns5:DeferredTaxation2022-02-2807687514ns10:Originalns5:DeferredTaxation2023-02-2807687514ns10:Originalns10:OrdinaryShareClass12023-02-28
REGISTERED NUMBER: 07687514 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

TURNDALE LIMITED

TURNDALE LIMITED (REGISTERED NUMBER: 07687514)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TURNDALE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mrs K E Dale
Mr R C Dale





REGISTERED OFFICE: The Old Coach House
Horse Fair
Rugeley
Staffordshire
WS15 2EL





REGISTERED NUMBER: 07687514 (England and Wales)





ACCOUNTANTS: Wynniatt-Husey Limited (Uttoxeter Branch)
The Old Bakehouse
Dove Walk
Uttoxeter
Staffordshire
ST14 8EH

TURNDALE LIMITED (REGISTERED NUMBER: 07687514)

BALANCE SHEET
28 FEBRUARY 2023

28.2.22 28.2.23
£    £    Notes £    £   
FIXED ASSETS
403,267 Tangible assets 4 318,108

CURRENT ASSETS
240,000 Stocks 5 430,000
127,218 Debtors 6 32,803
7,033 Cash at bank 1,001
374,251 463,804
CREDITORS
139,160 Amounts falling due within one year 7 182,943
235,091 NET CURRENT ASSETS 280,861
638,358 TOTAL ASSETS LESS CURRENT
LIABILITIES

598,969

CREDITORS
(261,941 ) Amounts falling due after more than one
year

8

(241,671

)

(32,567 ) PROVISIONS FOR LIABILITIES 9 (16,387 )
343,850 NET ASSETS 340,911

CAPITAL AND RESERVES
100 Called up share capital 10 100
343,750 Retained earnings 340,811
343,850 SHAREHOLDERS' FUNDS 340,911

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.

TURNDALE LIMITED (REGISTERED NUMBER: 07687514)

BALANCE SHEET - 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 19 October 2023 and were signed on its behalf by:





Mrs K E Dale - Director


TURNDALE LIMITED (REGISTERED NUMBER: 07687514)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Turndale 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.
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

TURNDALE LIMITED (REGISTERED NUMBER: 07687514)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
Totals property machinery fittings equipment
£    £    £    £    £   
COST
At 1 March 2022 489,311 231,862 252,616 1,195 3,638
Disposals (57,000 ) - (57,000 ) - -
At 28 February 2023 432,311 231,862 195,616 1,195 3,638
DEPRECIATION
At 1 March 2022 86,044 - 81,229 1,177 3,638
Charge for year 31,309 - 31,291 18 -
Eliminated on disposal (3,150 ) - (3,150 ) - -
At 28 February 2023 114,203 - 109,370 1,195 3,638
NET BOOK VALUE
At 28 February 2023 318,108 231,862 86,246 - -
At 28 February 2022 403,267 231,862 171,387 18 -

5. STOCKS
28.2.23 28.2.22
£    £   
Stocks 430,000 240,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 45,064 26,663
Doubtful debts (19,913 ) -
Amounts owed by group undertakings - 100,555
VAT 7,652 -
32,803 127,218

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 46,709 34,149
Trade creditors 68,953 71,415
Amounts owed to group undertakings 34,994 -
Tax (2 ) (2 )
Social security and other taxes (9,291 ) (9,291 )
VAT - 3,880
Directors' current accounts 40,674 38,146
Accrued expenses 906 863
182,943 139,160

TURNDALE LIMITED (REGISTERED NUMBER: 07687514)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans - 1-2 years 34,149 34,149
Bank loans - 2-5 years 207,522 227,792
241,671 261,941

9. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 16,387 32,567

Deferred
tax
£   
Balance at 1 March 2022 32,567
Deferred tax (16,180 )
Balance at 28 February 2023 16,387

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100