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REGISTERED NUMBER: 08575177 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Turay Limited

Turay Limited (Registered number: 08575177)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Turay Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: S Tudor
L Tudor





REGISTERED OFFICE: 1 Post Office House
184 Bridge Road
Southampton
Hampshire
SO31 7ED





REGISTERED NUMBER: 08575177 (England and Wales)





ACCOUNTANTS: PD Accountancy Services Ltd
1 Post Office House
184 Bridge Road
Sarisbury Green
Southampton
Hampshire
SO31 7ED

Turay Limited (Registered number: 08575177)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,426 2,161

CURRENT ASSETS
Stocks 7,500 10,000
Debtors 5 131,278 38,639
Cash at bank 209,824 61,982
348,602 110,621
CREDITORS
Amounts falling due within one year 6 120,283 82,483
NET CURRENT ASSETS 228,319 28,138
TOTAL ASSETS LESS CURRENT
LIABILITIES

245,745

30,299

CREDITORS
Amounts falling due after more than one
year

7

(15,989

)

(19,074

)

PROVISIONS FOR LIABILITIES (453 ) (412 )
NET ASSETS 229,303 10,813

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 229,203 10,713
SHAREHOLDERS' FUNDS 229,303 10,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Turay Limited (Registered number: 08575177)

Balance Sheet - continued
30 June 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 29 February 2024 and were signed on its behalf by:





S Tudor - Director


Turay Limited (Registered number: 08575177)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Turay 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
Motor vehicles - 25% on reducing balance
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 3 (2022 - 4 ) .

Turay Limited (Registered number: 08575177)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 3,755 - 2,829 6,584
Additions 371 16,001 - 16,372
At 30 June 2023 4,126 16,001 2,829 22,956
DEPRECIATION
At 1 July 2022 1,781 - 2,642 4,423
Charge for year 613 334 160 1,107
At 30 June 2023 2,394 334 2,802 5,530
NET BOOK VALUE
At 30 June 2023 1,732 15,667 27 17,426
At 30 June 2022 1,974 - 187 2,161

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 115,285 30,419
Amounts recoverable on contract 12,736 -
Other debtors 2,832 2,832
VAT - 4,753
Prepayments 425 635
131,278 38,639

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 3,271 3,340
Trade creditors 10,455 42,157
Tax 73,336 27,019
Social security and other taxes 6,244 1,371
VAT 18,908 -
Other creditors 6,440 7,169
Directors' current accounts 1,029 827
Accrued expenses 600 600
120,283 82,483

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans - 2-5 years 15,989 19,074

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year director received £32,000 (2022 £44,000) by way of a dividend issue.

Turay Limited (Registered number: 08575177)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors by virtue of their 100% interest, split equally, in the issued share capital of the company.