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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
Page
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The Turners Workshop Limited Company Information for the year ended 31 January 2024
Director
COATES, Vincent
Company Number
09951169 (England and Wales)
Registered Office
33 BELLINGHAM DRIVE NORTH TYNE INDUSTRIAL ESTATE NEWCASTLE UPON TYNE NE12 9SZ UNITED KINGDOM
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The Turners Workshop Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
900 
1,200 
Tangible assets
3,957 
5,048 
4,857 
6,248 
Current assets
Inventories
274,215 
260,545 
Debtors
836 
100 
Cash at bank and in hand
5,109 
1,403 
280,160 
262,048 
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)
Capital and reserves
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
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The Turners Workshop Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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
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.
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The Turners Workshop Limited Notes to the Accounts for the year ended 31 January 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2023
3,000 
At 31 January 2024
3,000 
Amortisation
At 1 February 2023
1,800 
Charge for the year
300 
At 31 January 2024
2,100 
Net book value
At 31 January 2024
900 
At 31 January 2023
1,200 
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 
Depreciation
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 
Net book value
At 31 January 2024
2,087 
1,870 
- 
- 
- 
3,957 
At 31 January 2023
2,467 
2,581 
- 
- 
- 
5,048 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
836 
100 
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 
355,086 
321,844 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,872 
12,514 
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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).
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