Company Registration No. 09951169 (England and Wales)
The Turners Workshop Limited
Unaudited accounts
for the year ended 31 January 2024
The Turners Workshop Limited
Unaudited accounts
Contents
The Turners Workshop Limited
Company Information
for the year ended 31 January 2024
Company Number
09951169 (England and Wales)
Registered Office
33 BELLINGHAM DRIVE
NORTH TYNE INDUSTRIAL ESTATE
NEWCASTLE UPON TYNE
NE12 9SZ
UNITED KINGDOM
The Turners Workshop Limited
Statement of financial position
as at 31 January 2024
Intangible assets
900
1,200
Tangible assets
3,957
5,048
Inventories
274,215
260,545
Cash at bank and in hand
5,109
1,403
Creditors: amounts falling due within one year
(355,086)
(321,844)
Net current liabilities
(74,926)
(59,796)
Total assets less current liabilities
(70,069)
(53,548)
Creditors: amounts falling due after more than one year
(7,872)
(12,514)
Net liabilities
(77,941)
(66,062)
Called up share capital
100
100
Profit and loss account
(78,041)
(66,162)
Shareholders' funds
(77,941)
(66,062)
For the year ending 31 January 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 7 October 2024 and were signed on its behalf by
COATES, Vincent
Director
Company Registration No. 09951169
The Turners Workshop Limited
Notes to the Accounts
for the year ended 31 January 2024
The Turners Workshop Limited is a private company, limited by shares, registered in England and Wales, registration number 09951169. The registered office is 33 BELLINGHAM DRIVE, NORTH TYNE INDUSTRIAL ESTATE, NEWCASTLE UPON TYNE, NE12 9SZ, 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.
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:
Land & buildings
10 years on a straight line basis
Plant & machinery
5 years on a straight line basis
Motor vehicles
5 years on a straight line basis
Fixtures & fittings
5 years on a straight line basis
Computer equipment
5 years on a straight line basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation is provided over 10 years on a straight line basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The Turners Workshop Limited
Notes to the Accounts
for the year ended 31 January 2024
4
Intangible fixed assets
Other
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 February 2023
3,795
3,971
1,800
10,258
2,000
21,824
At 31 January 2024
3,795
3,971
1,800
10,258
2,000
21,824
At 1 February 2023
1,328
1,390
1,800
10,258
2,000
16,776
Charge for the year
380
711
-
-
-
1,091
At 31 January 2024
1,708
2,101
1,800
10,258
2,000
17,867
At 31 January 2024
2,087
1,870
-
-
-
3,957
At 31 January 2023
2,467
2,581
-
-
-
5,048
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,065
11,343
Taxes and social security
-
697
Loans from directors
346,021
309,804
8
Creditors: amounts falling due after more than one year
2024
2023
The Turners Workshop Limited
Notes to the Accounts
for the year ended 31 January 2024
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).