Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31truefalseNo description of principal activityfalsefalse2023-02-0122The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04137839 2023-02-01 2024-01-31 04137839 2022-02-01 2023-01-31 04137839 2024-01-31 04137839 2023-01-31 04137839 c:Director1 2023-02-01 2024-01-31 04137839 d:OfficeEquipment 2023-02-01 2024-01-31 04137839 d:OfficeEquipment 2024-01-31 04137839 d:OfficeEquipment 2023-01-31 04137839 d:CurrentFinancialInstruments 2024-01-31 04137839 d:CurrentFinancialInstruments 2023-01-31 04137839 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 04137839 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 04137839 d:ShareCapital 2024-01-31 04137839 d:ShareCapital 2023-01-31 04137839 d:RetainedEarningsAccumulatedLosses 2024-01-31 04137839 d:RetainedEarningsAccumulatedLosses 2023-01-31 04137839 c:FRS102 2023-02-01 2024-01-31 04137839 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 04137839 c:FullAccounts 2023-02-01 2024-01-31 04137839 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04137839 2 2023-02-01 2024-01-31 04137839 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 04137839










TURNING POINTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
TURNING POINTS LIMITED
REGISTERED NUMBER: 04137839

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 6 
28,451
28,451

  
28,451
28,451

Creditors: amounts falling due within one year
 7 
(10,269)
(9,435)

Net current assets
  
 
 
18,182
 
 
19,016

Total assets less current liabilities
  
18,182
19,016

  

Net assets
  
18,182
19,016


Capital and reserves
  

Called up share capital 
  
900
900

Profit and loss account
  
17,282
18,116

  
18,182
19,016


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 





Mr M E Esdale
Director

Date: 29 October 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
TURNING POINTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Turning Points Limited is a private company limited by shares incorporated in England, United Kingdom. The address of the registered office is Lynton House, 83 High Street, Bridge, Kent, CT4 5AR.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

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10% straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 2

 
TURNING POINTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

No significant judgements have been made by management in preparing these financial statements.

Page 3

 
TURNING POINTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


5.


Tangible fixed assets





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£



Cost or valuation


At 1 February 2023
136,274



At 31 January 2024

136,274



Depreciation


At 1 February 2023
136,274



At 31 January 2024

136,274



Net book value



At 31 January 2024
-



At 31 January 2023
-


6.


Debtors

2024
2023
£
£


Other debtors
28,451
28,451



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
9,435
8,637

Accruals and deferred income
834
798

10,269
9,435


Page 4