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Company Registration No. 11177050 (England and Wales)
Turnaround 360 Ltd Unaudited accounts for the year ended 31 January 2024
Turnaround 360 Ltd Unaudited accounts Contents
Page
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Turnaround 360 Ltd Company Information for the year ended 31 January 2024
Director
R Binyon
Company Number
11177050 (England and Wales)
Registered Office
International House 12 Constance Street London E16 2DQ
Accountants
Clayton Stirling 123 Cross Lane East Gravesend Kent DA12 5HA
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Turnaround 360 Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
67,929 
74,914 
Current assets
Debtors
26,809 
15,422 
Cash at bank and in hand
- 
2,313 
26,809 
17,735 
Creditors: amounts falling due within one year
(63,828)
(54,648)
Net current liabilities
(37,019)
(36,913)
Total assets less current liabilities
30,910 
38,001 
Creditors: amounts falling due after more than one year
(12,734)
(20,872)
Provisions for liabilities
Deferred tax
(9,553)
(6,778)
Net assets
8,623 
10,351 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
8,523 
10,251 
Shareholders' funds
8,623 
10,351 
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 11 October 2024 and were signed on its behalf by
R Binyon Director Company Registration No. 11177050
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Turnaround 360 Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Turnaround 360 Ltd is a private company, limited by shares, registered in England and Wales, registration number 11177050. The registered office is International House, 12 Constance Street, London, E16 2DQ.
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.
Turnover
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 recognised 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 recognised 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.
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:
Plant & machinery
20% reducing balance basis
Fixtures & fittings
20% straight line basis
Computer equipment
20% straight line basis
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Turnaround 360 Ltd Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
103,265 
58 
9,147 
112,470 
Additions
9,494 
- 
234 
9,728 
At 31 January 2024
112,759 
58 
9,381 
122,198 
Depreciation
At 1 February 2023
34,780 
35 
2,741 
37,556 
Charge for the year
14,832 
12 
1,869 
16,713 
At 31 January 2024
49,612 
47 
4,610 
54,269 
Net book value
At 31 January 2024
63,147 
11 
4,771 
67,929 
At 31 January 2023
68,485 
23 
6,406 
74,914 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
22,056 
10,970 
Accrued income and prepayments
495 
195 
Other debtors
4,258 
4,257 
26,809 
15,422 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
17,982 
24,939 
VAT
4,877 
2,564 
Trade creditors
2,944 
5,391 
Loans from directors
37,016 
20,794 
Accruals
1,009 
960 
63,828 
54,648 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,734 
20,872 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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