Company Registration No. 12004652 (England and Wales)
Turnbull's Northumbrian Foodhall Ltd
Unaudited accounts
for the year ended 31 October 2023
Turnbull's Northumbrian Foodhall Ltd
Statement of financial position
as at 31 October 2023
Intangible assets
5,900
11,800
Tangible assets
337,151
225,892
Cash at bank and in hand
203,435
106,289
Creditors: amounts falling due within one year
(347,764)
(274,250)
Net current liabilities
(28,368)
(79,036)
Total assets less current liabilities
314,683
158,656
Creditors: amounts falling due after more than one year
(172,259)
(164,875)
Provisions for liabilities
Deferred tax
(30,921)
(1,558)
Net assets/(liabilities)
111,503
(7,777)
Called up share capital
100
100
Profit and loss account
111,403
(7,877)
Shareholders' funds
111,503
(7,777)
For the year ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by
M Turnbull
Director
Company Registration No. 12004652
Turnbull's Northumbrian Foodhall Ltd
Notes to the Accounts
for the year ended 31 October 2023
Turnbull's Northumbrian Foodhall Ltd is a private company, limited by shares, registered in England and Wales, registration number 12004652. The registered office is 8 Linnet Court, Cawledge Business Park, Alnwick, Northumberland, NE66 2GD.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Land & buildings
3% on straight line for structures and 20 year straight line on integral features.
Plant & machinery
20% on straight line
Fixtures & fittings
20% on straight line
Computer equipment
33% on straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Intangible assets relate to wasting asset expenditure incurred on leasehold premises and is written off over five years.
4
Intangible fixed assets
Other
Turnbull's Northumbrian Foodhall Ltd
Notes to the Accounts
for the year ended 31 October 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2022
185,113
41,166
7,600
12,007
245,886
Additions
-
138,911
-
8,243
147,154
At 31 October 2023
185,113
180,077
7,600
20,250
393,040
At 1 November 2022
3,163
11,144
852
4,835
19,994
Charge for the year
6,381
23,004
1,487
5,023
35,895
At 31 October 2023
9,544
34,148
2,339
9,858
55,889
At 31 October 2023
175,569
145,929
5,261
10,392
337,151
At 31 October 2022
181,950
30,022
6,748
7,172
225,892
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
50,995
-
Amounts falling due within one year
Accrued income and prepayments
13,853
13,503
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
29,992
29,992
Obligations under finance leases and hire purchase contracts
24,474
-
Trade creditors
261,074
214,217
Taxes and social security
394
-
Other creditors
12,502
4,463
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
135,539
164,875
Obligations under finance leases and hire purchase contracts
36,720
-
Turnbull's Northumbrian Foodhall Ltd
Notes to the Accounts
for the year ended 31 October 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's loan account
-
2,700
-
2,700
Repaid in full in subsequent reporting period.
10
Transactions with related parties
Transactions with R. Turnbull & Sons Limited during the year
Stock purchases £640,844 (2022: £580,823)
Staff costs £628,563 (2022: £570,114)
Equipment rental costs £117,577 (2022: £117,922)
Transactions with Impact Retail Training Ltd during the year
Consultancy fees £1,000 (2022: £12,000)
All transactions undertaken at commercial rates.
11
Average number of employees
During the year the average number of employees was 1 (2022: 0).