Company Registration No. 11653705 (England and Wales)
TURNTABL LTD
Unaudited accounts
for the year ended 31 December 2023
TURNTABL LTD
Unaudited accounts
Contents
TURNTABL LTD
Company Information
for the year ended 31 December 2023
Director
Samuel John Moorhouse
Secretary
Avizio Accountants and Tax Advisory Ltd
Company Number
11653705 (England and Wales)
Registered Office
20 Wenlock Road
London
N1 7GU
England
Accountants
Avizio Accountants & Tax Advisory Ltd
Level 30, The Leadenhall Building,
122 Leadenhall Street
London
EC3V 4AB
TURNTABL LTD
Statement of financial position
as at 31 December 2023
Investments
490,674
490,674
Cash at bank and in hand
592,178
1,382,799
Creditors: amounts falling due within one year
(581,754)
(943,523)
Net current assets
345,675
960,365
Net assets
836,349
1,451,039
Called up share capital
1,002
1,002
Profit and loss account
835,347
1,450,037
Shareholders' funds
836,349
1,451,039
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. 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 20 June 2024 and were signed on its behalf by
Samuel John Moorhouse
Director
Company Registration No. 11653705
TURNTABL LTD
Notes to the Accounts
for the year ended 31 December 2023
TURNTABL LTD is a private company, limited by shares, registered in England and Wales, registration number 11653705. The registered office is 20 Wenlock Road, London, N1 7GU, England.
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 financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act
2006.
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 recognized 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 recognized 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.
The accounts are presented in £ sterling.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments in subsidiaries are measured at cost less any accumulated impairment.
4
Investments
Subsidiary undertakings
Valuation at 1 January 2023
490,674
Valuation at 31 December 2023
490,674
TURNTABL LTD
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
313,977
468,075
Accrued income and prepayments
21,274
20,852
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
143,880
56,419
Taxes and social security
245,984
542,437
Other creditors
62,555
122,240
7
Transactions with related parties
The company has taken advantage of the exemption in FRS8 "Related Party Disclosures" from disclosing transactions with other members of the group.
8
Average number of employees
During the year the average number of employees was 10 (2022: 13).