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REGISTERED NUMBER: 07687514 (England and Wales)














FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2023 TO 31 JULY 2024

FOR

TURNDALE LIMITED

TURNDALE LIMITED (REGISTERED NUMBER: 07687514)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2023 TO 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TURNDALE LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 MARCH 2023 TO 31 JULY 2024







DIRECTORS: Mrs K E Dale
Mr R C Dale





REGISTERED OFFICE: The Old Coach House
Horse Fair
Rugeley
Staffordshire
WS15 2EL





REGISTERED NUMBER: 07687514 (England and Wales)





ACCOUNTANTS: Wynniatt-Husey Limited (Uttoxeter Branch)
The Old Bakehouse
Dove Walk
Uttoxeter
Staffordshire
ST14 8EH

TURNDALE LIMITED (REGISTERED NUMBER: 07687514)

BALANCE SHEET
31 JULY 2024

28.2.23 31.7.24
£    £    Notes £    £   
FIXED ASSETS
318,108 Tangible assets 4 284,986

CURRENT ASSETS
430,000 Stocks 5 406,000
32,803 Debtors 6 26,375
1,001 Cash at bank 24,976
463,804 457,351
CREDITORS
182,943 Amounts falling due within one year 7 440,294
280,861 NET CURRENT ASSETS 17,057
598,969 TOTAL ASSETS LESS CURRENT
LIABILITIES

302,043

CREDITORS
(241,671 ) Amounts falling due after more than one
year

8

(186,104

)

(16,387 ) PROVISIONS FOR LIABILITIES 9 (10,094 )
340,911 NET ASSETS 105,845

CAPITAL AND RESERVES
100 Called up share capital 10 100
340,811 Retained earnings 105,745
340,911 SHAREHOLDERS' FUNDS 105,845

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TURNDALE LIMITED (REGISTERED NUMBER: 07687514)

BALANCE SHEET - continued
31 JULY 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





Mrs K E Dale - Director


TURNDALE LIMITED (REGISTERED NUMBER: 07687514)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2023 TO 31 JULY 2024

1. STATUTORY INFORMATION

Turndale Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

TURNDALE LIMITED (REGISTERED NUMBER: 07687514)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2023 TO 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
Totals property machinery fittings equipment
£    £    £    £    £   
COST
At 1 March 2023 432,311 231,862 195,616 1,195 3,638
Additions 458 - - - 458
At 31 July 2024 432,769 231,862 195,616 1,195 4,096
DEPRECIATION
At 1 March 2023 114,203 - 109,370 1,195 3,638
Charge for period 33,580 - 33,364 - 216
At 31 July 2024 147,783 - 142,734 1,195 3,854
NET BOOK VALUE
At 31 July 2024 284,986 231,862 52,882 - 242
At 28 February 2023 318,108 231,862 86,246 - -

5. STOCKS
31.7.24 28.2.23
£    £   
Stocks 406,000 430,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 28.2.23
£    £   
Trade debtors 26,375 45,064
Doubtful debts - (19,913 )
VAT - 7,652
26,375 32,803

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 28.2.23
£    £   
Bank loans and overdrafts 61,002 46,709
Trade creditors 38,600 68,953
Amounts owed to group undertakings 292,792 34,994
Tax (2 ) (2 )
Social security and other taxes - (9,291 )
VAT 1,924 -
Directors' current accounts 44,567 40,674
Accrued expenses 1,411 906
440,294 182,943

TURNDALE LIMITED (REGISTERED NUMBER: 07687514)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2023 TO 31 JULY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 28.2.23
£    £   
Bank loans - 1-2 years 28,594 34,149
Bank loans - 2-5 years 157,510 207,522
186,104 241,671

9. PROVISIONS FOR LIABILITIES
31.7.24 28.2.23
£    £   
Deferred tax 10,094 16,387

Deferred
tax
£   
Balance at 1 March 2023 16,387
Deferred tax (6,293 )
Balance at 31 July 2024 10,094

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 28.2.23
value: £    £   
100 Ordinary £1 100 100