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Company Registration No. SC172924 (Scotland)
TURNER POWER SYSTEMS LIMITED Unaudited accounts for the year ended 29 February 2024
TURNER POWER SYSTEMS LIMITED Unaudited accounts Contents
Page
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TURNER POWER SYSTEMS LIMITED Company Information for the year ended 29 February 2024
Directors
LINDA ANN TURNER JOHN BROWN TURNER
Secretary
LINDA ANN TURNER
Company Number
SC172924 (Scotland)
Registered Office
34 PEVERIL AVENUE RUTHERGLEN GLASGOW G73 4JJ
Accountants
Brand Jamieson & Co Ltd 2 Victoria Place Rutherglen Glasgow G73 2JP
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TURNER POWER SYSTEMS LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,148 
821 
Current assets
Cash at bank and in hand
38,230 
37,884 
Creditors: amounts falling due within one year
(8,284)
(9,884)
Net current assets
29,946 
28,000 
Net assets
32,094 
28,821 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
32,092 
28,819 
Shareholders' funds
32,094 
28,821 
For the year ending 29 February 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 directors acknowledge their 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 of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by
JOHN BROWN TURNER Director Company Registration No. SC172924
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TURNER POWER SYSTEMS LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
TURNER POWER SYSTEMS LIMITED is a private company, limited by shares, registered in Scotland, registration number SC172924. The registered office is 34 PEVERIL AVENUE, RUTHERGLEN, GLASGOW, G73 4JJ.
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:
Computer equipment
15% reducing balance.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2023
9,472 
Additions
1,707 
At 29 February 2024
11,179 
Depreciation
At 1 March 2023
8,651 
Charge for the year
380 
At 29 February 2024
9,031 
Net book value
At 29 February 2024
2,148 
At 28 February 2023
821 
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TURNER POWER SYSTEMS LIMITED Notes to the Accounts for the year ended 29 February 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(15)
677 
Taxes and social security
2,330 
5,004 
Loans from directors
4,994 
3,228 
Accruals
975 
975 
8,284 
9,884 
6
Transactions with related parties
During the year, dividends of £8,000 ( 2023 £ 10,000 ) were paid to the directors.
7
Controlling party
Control of the company is split evenly between the two directors.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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