1 January 2023 v2024.44.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP040295672023-01-012023-12-31040295672023-12-31040295672022-12-3104029567core:WithinOneYear2023-12-3104029567core:WithinOneYear2022-12-3104029567core:ShareCapital2023-12-3104029567core:ShareCapital2022-12-3104029567core:RetainedEarningsAccumulatedLosses2023-12-3104029567core:RetainedEarningsAccumulatedLosses2022-12-3104029567bus:Director12023-01-012023-12-3104029567bus:RegisteredOffice2023-01-012023-12-31040295672022-01-012022-12-31040295672023-01-010402956712023-01-012023-12-3104029567countries:EnglandWales2023-01-012023-12-3104029567bus:AuditExemptWithAccountantsReport2023-01-012023-12-3104029567bus:PrivateLimitedCompanyLtd2023-01-012023-12-3104029567bus:SmallEntities2023-01-012023-12-3104029567bus:AbridgedAccounts2023-01-012023-12-31
Company registration number:
04029567
Turner Stubbs Limited
Unaudited Filleted Abridged Financial Statements for the year ended
31 December 2023
Turner Stubbs Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Turner Stubbs Limited
Year ended
31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
abridged financial statements
of
Turner Stubbs Limited
for the year ended
31 December 2023
which comprise the income statement, statement of income and retained earnings, abridged statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
Turner Stubbs Limited
, as a body. Our work has been undertaken solely to prepare for your approval the
abridged financial statements
of
Turner Stubbs Limited
and state those matters that we have agreed to state to the Board of Directors of
Turner Stubbs Limited
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Technical/​fact/​tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Turner Stubbs Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Turner Stubbs Limited
has kept adequate accounting records and to prepare statutory
abridged financial statements
that give a true and fair view of the assets, liabilities, financial position and loss of
Turner Stubbs Limited
. You consider that
Turner Stubbs Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the abridged financial statements of Turner Stubbs Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory abridged financial statements.
J M Bramley Accountants
106 Carter Lane
Mansfield
Notts
NG18 3DH
United Kingdom
Date:
26 September 2024
Turner Stubbs Limited
Abridged Statement of Financial Position
31 December 2023
20232022
Note££
Fixed assets    
Tangible assets 5
10,560
 
11,421
 
Current assets    
Debtors
439,437
 
379,276
 
Cash at bank and in hand
208,420
 
255,933
 
647,857
 
635,209
 
Creditors: amounts falling due within one year
(545,114
)
(478,991
)
Net current assets
102,743
 
156,218
 
Total assets less current liabilities 113,303   167,639  
Provisions for liabilities
(2,403
)
(2,403
)
Net assets
110,900
 
165,236
 
Capital and reserves    
Called up share capital
10
 
10
 
Profit and loss account
110,890
 
165,226
 
Shareholders funds
110,900
 
165,236
 
For the year ending
31 December 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of financial position for the year ended
31 December 2023
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged 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 income statement has not been delivered.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
26 September 2024
, and are signed on behalf of the board by:
R Bacon
Director
Company registration number:
04029567
Turner Stubbs Limited
Notes to the Abridged Financial Statements
Year ended
31 December 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Office Suite B
,
40 George Street
,
Nottingham
,
NG1 3BG
, United Kingdom.

2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
abridged financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
abridged financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

4 Average number of employees

The average number of persons employed by the company during the year was
92
(2022:
132.00
).

5 Fixed assets

Tangible assets
£
Cost  
At
1 January 2023
63,453
 
Additions
1,530
 
At
31 December 2023
64,983
 
Depreciation  
At
1 January 2023
52,032
 
Charge
2,391
 
At
31 December 2023
54,423
 
Carrying amount  
At
31 December 2023
10,560
 
At 31 December 2022
11,421