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REGISTERED NUMBER: 11844783 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TURFCARE SUPPLIES LIMITED

TURFCARE SUPPLIES LIMITED (REGISTERED NUMBER: 11844783)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TURFCARE SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: P Galavan





REGISTERED OFFICE: c/o Philip Barnes & Co Limited
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB





REGISTERED NUMBER: 11844783 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

TURFCARE SUPPLIES LIMITED (REGISTERED NUMBER: 11844783)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 110,115 108,333
Investments 5 543,146 -
653,261 108,333

CURRENT ASSETS
Stocks 237,473 305,915
Debtors 6 382,478 411,764
Cash at bank 7,987 8,729
627,938 726,408
CREDITORS
Amounts falling due within one year 7 992,878 735,776
NET CURRENT LIABILITIES (364,940 ) (9,368 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

288,321

98,965

CREDITORS
Amounts falling due after more than one
year

8

(214,017

)

(23,874

)

PROVISIONS FOR LIABILITIES (25,143 ) (15,311 )
NET ASSETS 49,161 59,780

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 49,061 59,680
SHAREHOLDERS' FUNDS 49,161 59,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TURFCARE SUPPLIES LIMITED (REGISTERED NUMBER: 11844783)

BALANCE SHEET - continued
31 DECEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 July 2024 and were signed by:





P Galavan - Director


TURFCARE SUPPLIES LIMITED (REGISTERED NUMBER: 11844783)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Turfcare Supplies 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.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% reducing balance
Computer equipment - 33% reducing balance

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 Profit and Loss Account, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

TURFCARE SUPPLIES LIMITED (REGISTERED NUMBER: 11844783)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES

The average number of employees during the year was 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 149,041 787 149,828
Additions 63,280 602 63,882
Disposals (49,988 ) - (49,988 )
At 31 December 2023 162,333 1,389 163,722
DEPRECIATION
At 1 January 2023 41,413 82 41,495
Charge for year 30,647 319 30,966
Eliminated on disposal (18,854 ) - (18,854 )
At 31 December 2023 53,206 401 53,607
NET BOOK VALUE
At 31 December 2023 109,127 988 110,115
At 31 December 2022 107,628 705 108,333

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023 73,355
Additions 63,280
At 31 December 2023 136,635
DEPRECIATION
At 1 January 2023 15,179
Charge for year 26,067
At 31 December 2023 41,246
NET BOOK VALUE
At 31 December 2023 95,389
At 31 December 2022 58,176

TURFCARE SUPPLIES LIMITED (REGISTERED NUMBER: 11844783)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 543,146
At 31 December 2023 543,146
NET BOOK VALUE
At 31 December 2023 543,146

The investment relates to the purchase of the entire share capital in Severn Amenity Services Limited (Company number 08201799).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 371,803 389,234
Amounts owed by group undertakings - 19,174
Other debtors 10,675 3,356
382,478 411,764

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 50,004 -
Hire purchase contracts 37,284 20,155
Trade creditors 70,864 333,700
Amounts owed to group undertakings 615,894 -
Taxation and social security 33,748 34,043
Other creditors 185,084 347,878
992,878 735,776

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 179,161 -
Hire purchase contracts 34,856 23,874
214,017 23,874

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

TURFCARE SUPPLIES LIMITED (REGISTERED NUMBER: 11844783)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
transactions with wholly owned subsidiaries within the group.