Company registration number 07354816 (England and Wales)
TURNILL & COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
TURNILL & COMPANY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
TURNILL & COMPANY LIMITED (REGISTERED NUMBER: 07354816)
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
31 March 2024
31 December 2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
-
0
2,059
Current assets
Debtors
5
3,362
23,350
Cash at bank and in hand
15,638
35,785
19,000
59,135
Creditors: amounts falling due within one year
6
(15,686)
(49,965)
Net current assets
3,314
9,170
Total assets less current liabilities
3,314
11,229
Provisions for liabilities
-
0
(106)
Net assets
3,314
11,123
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
3,214
11,023
Total equity
3,314
11,123

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 27 August 2024 and are signed on its behalf by:
Mr T A Turnill
Director
TURNILL & COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

Turnill & Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 2, Second Floor North, The Fitted Rigging House, Anchor Wharf, The Historic Dockyard, Chatham, Kent, ME4 4TZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on a breakup basis. The management intends to windup the company.true

1.3
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other taxes.

1.4
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with the acquisition of the business in 2011, is being amortised evenly over its estimated useful life of ten years.

 

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
- Straight line over 10 years
Plant and equipment
- 25% reducing balance
Fixtures and fittings
- 25% reducing balance
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

TURNILL & COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2022
Number
Number
Total
2
2
3
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2023
18,855
Disposals
(18,855)
At 31 March 2024
-
0
Amortisation and impairment
At 1 January 2023
18,855
Disposals
(18,855)
At 31 March 2024
-
0
Carrying amount
At 31 March 2024
-
0
At 31 December 2022
-
0
TURNILL & COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 4 -
4
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 January 2023
2,253
1,190
14,602
18,045
Additions
-
0
-
0
1,913
1,913
Disposals
(2,253)
(1,190)
(16,515)
(19,958)
At 31 March 2024
-
0
-
0
-
0
-
0
Depreciation and impairment
At 1 January 2023
2,253
1,100
12,633
15,986
Eliminated in respect of disposals
(2,253)
(1,100)
(12,633)
(15,986)
At 31 March 2024
-
0
-
0
-
0
-
0
Carrying amount
At 31 March 2024
-
0
-
0
-
0
-
0
At 31 December 2022
-
0
90
1,969
2,059
5
Debtors
2024
2022
Amounts falling due within one year:
£
£
Trade debtors
872
5,990
Other debtors
2,490
17,360
3,362
23,350
6
Creditors: amounts falling due within one year
2024
2022
£
£
Trade creditors
-
0
2,749
Taxation and social security
2,270
7,967
Other creditors
13,416
39,249
15,686
49,965
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