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REGISTERED NUMBER: 08701731 (England and Wales)


















Turner Timber Engineering Limited

Unaudited Financial Statements for the Year Ended 28th February 2023






Turner Timber Engineering Limited (Registered number: 08701731)






Contents of the Financial Statements
for the year ended 28th February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Turner Timber Engineering Limited

Company Information
for the year ended 28th February 2023







DIRECTORS: H Turner
M Turner
S Turner





SECRETARY: H Turner





REGISTERED OFFICE: Farslea
Leven Road
Brandesburton
East Yorkshire
YO25 8RT





REGISTERED NUMBER: 08701731 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Turner Timber Engineering Limited (Registered number: 08701731)

Balance Sheet
28th February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,548 8,184

CURRENT ASSETS
Stocks 138,351 162,114
Debtors 5 75,872 143,517
Cash at bank and in hand 199,088 101,456
413,311 407,087
CREDITORS
Amounts falling due within one year 6 359,249 406,434
NET CURRENT ASSETS 54,062 653
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,610

8,837

PROVISIONS FOR LIABILITIES 1,244 2,045
NET ASSETS 59,366 6,792

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 59,364 6,790
SHAREHOLDERS' FUNDS 59,366 6,792

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

The members have not required the company to obtain an audit of its financial statements for the year ended 28th 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 Timber Engineering Limited (Registered number: 08701731)

Balance Sheet - continued
28th 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 8th November 2023 and were signed on its behalf by:





M Turner - Director


Turner Timber Engineering Limited (Registered number: 08701731)

Notes to the Financial Statements
for the year ended 28th February 2023

1. STATUTORY INFORMATION

Turner Timber Engineering 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.

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:

Plant & Machinery - 20% on a 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.

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 - 17 ) .

Turner Timber Engineering Limited (Registered number: 08701731)

Notes to the Financial Statements - continued
for the year ended 28th February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2022
and 28th February 2023 44,400
DEPRECIATION
At 1st March 2022 36,216
Charge for year 1,636
At 28th February 2023 37,852
NET BOOK VALUE
At 28th February 2023 6,548
At 28th February 2022 8,184

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 75,872 143,517

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 32,648 56,725
Amounts owed to group undertakings 272,091 248,792
Taxation and social security 52,660 99,287
Other creditors 1,850 1,630
359,249 406,434

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 1 2 2

8. RELATED PARTY DISCLOSURES

During the year the company bought and sold services with its associated companies, who have common directorships, as follows:

Rents charged £12,000 (2022: £12,000)
Bought services and materials of £6,341 (2022: £104,225)
Sold goods and services of £332,844 (2022: £540,044)
Dividends in the year of £90,000 (2022: £220,000)

9. ULTIMATE PARENT COMPANY

The ultimate parent company is Farslea Holdings Limited.