1 December 2022 false No description of principal activity Taxfiler 2023.12 12314820business:PrivateLimitedCompanyLtd2022-12-012023-11-30 123148202022-11-30 123148202022-12-012023-11-30 12314820business:AuditExempt-NoAccountantsReport2022-12-012023-11-30 12314820business:FilletedAccounts2022-12-012023-11-30 123148202023-11-30 12314820business:Director12022-12-012023-11-30 12314820business:RegisteredOffice2022-12-012023-11-30 123148202022-11-30 12314820core:WithinOneYear2023-11-30 12314820core:WithinOneYear2022-11-30 12314820core:AfterOneYear2023-11-30 12314820core:AfterOneYear2022-11-30 12314820core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 12314820core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 12314820core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 12314820core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 12314820core:PreviouslyStatedAmount2023-11-30 12314820core:PreviouslyStatedAmount2022-11-30 12314820business:SmallEntities2022-12-012023-11-30 12314820countries:EnglandWales2022-12-012023-11-30 12314820core:MotorVehicles2022-11-30 12314820core:MotorVehicles2023-11-30 12314820core:MotorVehicles2022-12-012023-11-30 123148202021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. 12314820 (England and Wales)
TURBOTECHNIQUE LTD Unaudited accounts for the year ended 30 November 2023
TURBOTECHNIQUE LTD Unaudited accounts Contents
Page
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TURBOTECHNIQUE LTD Company Information for the year ended 30 November 2023
Director
LUCHIAN PREDA
Company Number
12314820 (England and Wales)
Registered Office
29 KILN ROAD HORSFORD NORWICH NR10 3SL ENGLAND
Accountants
ATF TAX CONSULTANCY LTD Sackville Place 44-48 Magdalen Steet Norwich Norfolk NR3 1JU
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TURBOTECHNIQUE LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,987 
3,972 
Current assets
Inventories
12,000 
9,212 
Debtors
- 
3,605 
Cash at bank and in hand
7,942 
10,428 
19,942 
23,245 
Creditors: amounts falling due within one year
(599)
(941)
Net current assets
19,343 
22,304 
Total assets less current liabilities
21,330 
26,276 
Creditors: amounts falling due after more than one year
(20,384)
(25,899)
Provisions for liabilities
Deferred tax
(377)
(754)
Net assets/(liabilities)
569 
(377)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
469 
(477)
Shareholders' funds
569 
(377)
For the year ending 30 November 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 January 2024 and were signed on its behalf by
LUCHIAN PREDA Director Company Registration No. 12314820
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TURBOTECHNIQUE LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
TURBOTECHNIQUE LTD is a private company, limited by shares, registered in England and Wales, registration number 12314820. The registered office is 29 KILN ROAD, HORSFORD, NORWICH, NR10 3SL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
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: 5 Years
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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TURBOTECHNIQUE LTD Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 December 2022
9,927 
At 30 November 2023
9,927 
Depreciation
At 1 December 2022
5,955 
Charge for the year
1,985 
At 30 November 2023
7,940 
Net book value
At 30 November 2023
1,987 
At 30 November 2022
3,972 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
3,605 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
676 
Taxes and social security
599 
265 
599 
941 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
17,883 
25,899 
Loans from directors
2,501 
- 
20,384 
25,899 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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