Turnbull & Co Accountants Limited |
Registered Number:04750307 |
For the year ended 29 June 2023
England and Wales
Unaudited Financial Statements
For the year ended 29 June 2023
Turnbull & Co Accountants Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Turnbull & Co Accountants Limited
Statement of Financial Position
2022
2023
-
1,580
2
Property, plant and equipment |
3,750
4,300
3
3,750
5,880
30,752
30,967
4
Trade and other receivables |
53,296
54,909
5
112,605
Cash and cash equivalents |
76,169
162,045
196,653
Trade and other payables: amounts falling due within one |
year |
(54,614)
(47,095)
6
142,039
114,950
Net current assets
Total assets less current liabilities |
118,700
147,919
(708)
(811)
Provisions for liabilities |
117,992
Net assets
147,108
1
1
117,991
147,107
117,992
147,108
Shareholders' funds
For the year ended 29 June 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 29 June 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his 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. |
These financial statements were approved and authorised for issue by the Board on 13 March 2024 and were signed by: |
The notes form part of these financial statements |
1 of 4
For the year ended 29 June 2023
Turnbull & Co Accountants Limited
Notes to the Financial Statements
Statutory Information
Turnbull & Co Accountants Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 04750307. |
PIlgrim House
Oxford Place
Plymouth
Devon
PL1 5AJ
The presentation currency is £ sterling. |
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. |
Revenue recognition
Turnover represents income from the provision of audit, accountnacy and taxation services at invoice value, excluding value added tax. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business is being amortised evenly over its estimated useful life of 20 years. |
Property, plant and equipment
Tangible fixed assets are stated at cost less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Leasehold improvements
Furniture and office equipment
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
2 of 4
For the year ended 29 June 2023
Turnbull & Co Accountants Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
31,600
31,600
30,020
1,580
Charge for year
31,600
-
1,580
3. Property, plant and equipment |
Furniture and |
office |
equipment |
33,965
30,316
2,632
1,017
699
699
-
-
1,017
2,632
31,015
34,664
Provision for depreciation and impairment |
29,665
26,578
2,094
993
Charge for year
1,249
1,109
134
6
30,914
27,687
2,228
999
18
404
3,328
3,750
24
538
3,738
4,300
2022
2023
30,967
30,752
3 of 4
For the year ended 29 June 2023
Turnbull & Co Accountants Limited
Notes to the Financial Statements Continued
5. Trade and other receivables |
2022
2023
39,737
42,991
15,172
10,305
53,296
54,909
6. Trade and other payables: amounts falling due within one year |
2022
2023
10,854
6,754
Taxation and social security |
21,314
36,516
14,927
11,344
47,095
54,614
Included within taxation and social security is corporation tax of £5,438 (2022: £10,803).
7. Related party transactions |
Dividends of £49,648 were paid to the director in the year. |
The company is under the effective control of its director. |
8. Directors advances and guarantees |
Loaned
Repaid
I J Taberner
Loan from director
13,433
10,643
3,428
638
13,433
10,643
3,428
638
9. Average number of persons employed |
During the year the average number of employees was 7 (2022 : 7)
4 of 4