2022-09-01 07350707 2023-08-31 07350707 2022-09-01 2023-08-31 07350707 2022-08-31 07350707 2021-09-01 2022-08-31 07350707 uk-core:WithinOneYear uk-bus:Original 2022-08-31 07350707 uk-core:WithinOneYear uk-bus:Original 2023-08-31 07350707 uk-core:ShareCapital uk-bus:Original 2023-08-31 07350707 uk-core:ShareCapital uk-bus:Original 2022-08-31 07350707 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2023-08-31 07350707 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2022-08-31 07350707 uk-bus:Director1 uk-bus:Original 2022-09-01 2023-08-31 07350707 uk-core:PlantMachinery uk-bus:Original 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure 07350707 uk-bus:AuditExemptWithAccountantsReport uk-bus:Original 2022-09-01 2023-08-31 07350707 uk-bus:FRS102 uk-bus:Original 2022-09-01 2023-08-31 07350707 uk-bus:FilletedAccounts uk-bus:Original 2022-09-01 2023-08-31 07350707 uk-bus:PrivateLimitedCompanyLtd uk-bus:Original 2022-09-01 2023-08-31
Turquoise Blue Recordings Ltd
Registered Number:07350707
For the year ended 31 August 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2023
Turquoise Blue Recordings Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
07350707
As at 31 August 2023
Turquoise Blue Recordings Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
4,425
3,900
2
4,425
3,900
Current assets
Inventories
3,990
3,990
3
Trade and other receivables
10,376
5,272
4
608
Cash and cash equivalents
544
9,806
14,974
Trade and other payables: amounts falling due within one
year
(22,781)
(9,656)
5
(7,807)
150
Net current assets
Total assets less current liabilities
4,575
(3,907)
4,575
Net assets/liabilities
(3,907)
Capital and reserves
Called up share capital
100
100
Retained earnings
4,475
(4,007)
4,575
(3,907)
Shareholders' funds
For the year ended 31 August 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 of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Miss J L Orr Director
These financial statements were approved and authorised for issue by the Board on 10 November 2023 and were signed by:
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4
Registered Number :
07350707
For the year ended 31 August 2023
Turquoise Blue Recordings Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
5
For the year ended 31 August 2023
Turquoise Blue Recordings Ltd
Notes to the Financial Statements
Statutory Information
Turquoise Blue Recordings Ltd is a private limited company, limited by shares, domiciled in England and
Wales, registration number 07350707.
Registered address:
6 Labyburn Way
Hadston
Morpeth
Northumberland
NE65 9RQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Going Concern
The financial statements have been prepared on a going concern basis as the directors believe that no material
uncertainties exist. The directors have considered the level of funds held and the expected level of income and
expenditure for 12 months from authorising these financial statements and have concluded that the company is
able to continue as a going concern.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
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6
For the year ended 31 August 2023
Turquoise Blue Recordings Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Plant and
Machinery
£
Cost or
valuation
At 01 September 2022
8,261
2,000
Additions
At 31 August 2023
10,261
Provision for depreciation and impairment
At 01 September 2022
4,361
Charge for year
1,475
At 31 August 2023
5,836
At 31 August 2023
Net book value
4,425
At 31 August 2022
3,900
3. Inventories
2022
2023
£
£
Stocks
3,990
3,990
4. Trade and other receivables
2022
2023
£
£
Trade debtors
5,272
10,363
Taxation and social security
-
13
10,376
5,272
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
8,576
7,162
Accruals and deferred income
1,080
2,115
Directors' loan accounts
-
13,504
9,656
22,781
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7
For the year ended 31 August 2023
Turquoise Blue Recordings Ltd
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees were 2 (2022 : 2)
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