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REGISTERED NUMBER: 11839429 (England and Wales)















Turret Training Ltd

Unaudited Financial Statements

for the Year Ended 29 February 2024






Turret Training Ltd (Registered number: 11839429)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


Turret Training Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mrs A C Rogers
Mr S R Rogers





REGISTERED OFFICE: 19 Grange Gardens
Wellesbourne
Warwickshire
CV35 9RL





REGISTERED NUMBER: 11839429 (England and Wales)





ACCOUNTANTS: Grenfell James Associates Limited
13 The Courtyard
Timothys Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NP

Turret Training Ltd (Registered number: 11839429)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,417 1,087

CURRENT ASSETS
Debtors 5 36,005 58,045
Cash at bank 15,284 2,459
51,289 60,504
CREDITORS
Amounts falling due within one year 6 35,655 30,138
NET CURRENT ASSETS 15,634 30,366
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,051

31,453

CREDITORS
Amounts falling due after more than one
year

7

17,391

30,434
NET ASSETS 1,660 1,019

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,658 1,017
1,660 1,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Turret Training Ltd (Registered number: 11839429)

Balance Sheet - continued
29 February 2024


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 Statement of Income and Retained Earnings has not been delivered.

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:





Mr S R Rogers - Director


Turret Training Ltd (Registered number: 11839429)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Turret Training Ltd 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.
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Turret Training Ltd (Registered number: 11839429)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023 1,232
Additions 3,020
At 29 February 2024 4,252
DEPRECIATION
At 1 March 2023 145
Charge for year 690
At 29 February 2024 835
NET BOOK VALUE
At 29 February 2024 3,417
At 28 February 2023 1,087

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,593 43,579
Other debtors 25,412 14,466
36,005 58,045

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,319 6,942
Trade creditors 3,406 (168 )
Taxation and social security 14,887 10,321
Other creditors 13,043 13,043
35,655 30,138

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 17,391 30,434

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 29 February 2024 there was a loan balance of £9,726 owing from the directors to the company.The loan is repayable within 9 months of the year end and interest has not been charged.