TURN-AROUND SERVICES LTD

Company Registration Number:
10158311 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

TURN-AROUND SERVICES LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

TURN-AROUND SERVICES LTD

Company Information

for the Period Ended 31 May 2024




Director: EMMANUEL OYEFESO
Registered office: 147a
Haughton Green Road
Denton
Manchester
GBR
M34 7PW
Company Registration Number: 10158311 (England and Wales)

TURN-AROUND SERVICES LTD

Profit and Loss Account

for the Period Ended 31 May 2024


Notes

2024
£

2023
£
Gross Profit or (Loss) 0 0
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 10,925 ) ( 11,037 )
Operating Profit or (Loss) ( 10,925 ) ( 11,037 )
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 0 ) ( 0 )
Profit or (Loss) Before Tax ( 10,925 ) ( 11,037 )
Tax on Profit ( 0 ) ( 0 )
Profit or (Loss) for Period ( 10,925 ) ( 11,037 )

The notes form part of these financial statements

TURN-AROUND SERVICES LTD

Balance sheet

As at 31 May 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 4 0 0
Tangible assets: 5 0 3,400
Total fixed assets: 0 3,400
Current assets
Stocks: 0 0
Debtors: 1 1
Cash at bank and in hand: 5 28
Total current assets: 6 29
Prepayments and accrued income: 0 6,600
Creditors: amounts falling due within one year: ( 15,034 ) ( 12,157 )
Net current assets (liabilities): ( 15,028 ) ( 5,528 )
Total assets less current liabilities: ( 15,028 ) ( 2,128 )
Creditors: amounts falling due after more than one year: ( 19,412 ) ( 21,387 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): ( 34,440 ) ( 23,515 )

The notes form part of these financial statements

TURN-AROUND SERVICES LTD

Balance sheet continued

As at 31 May 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Revaluation reserve: 6 0 0
Profit and loss account: ( 34,441 ) ( 23,516 )
Shareholders funds: ( 34,440 ) ( 23,515 )

For the year ending 31 May 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period 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.

This report was approved by the board of directors on 16 August 2024
And Signed On Behalf Of The Board By:

Name: EMMANUEL OYEFESO
Status: Director

The notes form part of these financial statements

TURN-AROUND SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

TURN-AROUND SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

TURN-AROUND SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 3. Off balance sheet disclosure

    No

TURN-AROUND SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 4. Intangible assets

    Total
    Cost £
    At 01 June 2023 0
    Additions 0
    Disposals (0)
    Revaluations 0
    Transfers 0
    At 31 May 2024 0
    Amortisation
    Amortisation at 01 June 2023 0
    Charge for year 0
    On disposals (0)
    Other adjustments 0
    Amortisation at 31 May 2024 0
    Net book value
    Net book value at 31 May 2024 0
    Net book value at 31 May 2023 0

TURN-AROUND SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Tangible Assets

Total
Cost £
At 01 June 2023 10,200
Additions 0
Disposals (0)
Revaluations 0
Transfers 0
At 31 May 2024 10,200
Depreciation
At 01 June 2023 6,800
Charge for year 3,400
On disposals (0)
Other adjustments 0
At 31 May 2024 10,200
Net book value
At 31 May 2024 0
At 31 May 2023 3,400

TURN-AROUND SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Revaluation reserve


2024
£
Balance at 01 June 2023 0
Surplus or deficit after revaluation 0
Balance at 31 May 2024 0