Company Registration No. 11295272 (England and Wales)
Turnkey Corporate Limited
Unaudited accounts
for the year ended 31 March 2024
Turnkey Corporate Limited
Unaudited accounts
Contents
Turnkey Corporate Limited
Company Information
for the year ended 31 March 2024
Director
Mr John Woodruffe
Company Number
11295272 (England and Wales)
Registered Office
1 Cooper Hill Drive
Walton-Le-Dale
Preston
PR5 4HE
United Kingdom
Turnkey Corporate Limited
Statement of financial position
as at 31 March 2024
Tangible assets
2,004
15,048
Cash at bank and in hand
17,776
13,458
Creditors: amounts falling due within one year
(55,974)
(61,653)
Net current assets
4,163
3,154
Total assets less current liabilities
6,167
18,202
Creditors: amounts falling due after more than one year
-
(1,223)
Called up share capital
10
20
Profit and loss account
6,157
16,959
Shareholders' funds
6,167
16,979
For the year ending 31 March 2024 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.
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 29 August 2024 and were signed on its behalf by
Mr John Woodruffe
Director
Company Registration No. 11295272
Turnkey Corporate Limited
Notes to the Accounts
for the year ended 31 March 2024
Turnkey Corporate Limited is a private company, limited by shares, registered in England and Wales, registration number 11295272. The registered office is 1 Cooper Hill Drive, Walton-Le-Dale, Preston, PR5 4HE, United Kingdom.
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.
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
25% Reducing Balance
Fixtures & fittings
10% Straight Line
Computer equipment
25% Reducing Balance
Turnkey Corporate Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
1,458
15,000
2,788
19,246
Disposals
-
(15,000)
-
(15,000)
At 31 March 2024
1,458
-
2,788
4,246
At 1 April 2023
484
2,625
1,089
4,198
Charge for the year
244
-
425
669
On disposals
-
(2,625)
-
(2,625)
At 31 March 2024
728
-
1,514
2,242
At 31 March 2024
730
-
1,274
2,004
At 31 March 2023
974
12,375
1,699
15,048
Amounts falling due within one year
Trade debtors
31,628
35,028
Accrued income and prepayments
134
1,032
Other debtors
10,599
15,289
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
885
2,760
Trade creditors
7,807
16,584
Taxes and social security
35,197
29,248
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).