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Company Registration No. 13754847 (England and Wales)
TURBINE MOTORS LIMITED Unaudited accounts for the year ended 30 November 2023
TURBINE MOTORS LIMITED Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,782 
2,272 
Current assets
Inventories
30,455 
25,780 
Cash at bank and in hand
15,116 
11,849 
45,571 
37,629 
Creditors: amounts falling due within one year
(41,402)
(37,983)
Net current assets/(liabilities)
4,169 
(354)
Net assets
5,951 
1,918 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
5,851 
1,818 
Shareholders' funds
5,951 
1,918 
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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 27 April 2024 and were signed on its behalf by
Mohammed Atif Khan Director Company Registration No. 13754847
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TURBINE MOTORS LIMITED Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
TURBINE MOTORS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13754847. The registered office is 120 FAGLEY ROAD, BRADFORD, BD2 3JJ, 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:
Plant & machinery
20% on reducing balance
Computer equipment
25% on reducing balance
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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TURBINE MOTORS LIMITED Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 December 2022
2,900 
At 30 November 2023
2,900 
Depreciation
At 1 December 2022
628 
Charge for the year
490 
At 30 November 2023
1,118 
Net book value
At 30 November 2023
1,782 
At 30 November 2022
2,272 
5
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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