2023-03-012024-02-292024-02-29false03719332Tursio 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Tursio Limited

Registered Number
03719332
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

Tursio Limited
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

Dr Michael John OSBORNE,
Cheryl Ann OSBORNE,
Adam Michael OSBORNE

Registered Address

32 Selborne Close
Petersfield
GU32 2JB

Registered Number

03719332 (England and Wales)
Tursio Limited
Statement of Financial Position
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3154,161150,019
154,161150,019
Current assets
Debtors45,7736,542
Cash at bank and on hand285595
6,0587,137
Creditors amounts falling due within one year5(73,829)(53,736)
Net current assets (liabilities)(67,771)(46,599)
Total assets less current liabilities86,390103,420
Net assets86,390103,420
Capital and reserves
Called up share capital66
Profit and loss account86,384103,414
Shareholders' funds86,390103,420
The financial statements were approved and authorised for issue by the Board of Directors on 12 November 2024, and are signed on its behalf by:
Dr Michael John OSBORNE,
Director
Registered Company No. 03719332
Tursio Limited
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery10
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Land & buildings

Plant & machinery

Office Equipment

Total

££££
Cost or valuation
At 01 March 23140,000100,915500241,415
Additions-6,800-6,800
At 29 February 24140,000107,715500248,215
Depreciation and impairment
At 01 March 23-90,89650091,396
Charge for year-2,658-2,658
At 29 February 24-93,55450094,054
Net book value
At 29 February 24140,00014,161-154,161
At 28 February 23140,00010,019-150,019
4.Debtors: amounts due within one year

2024

2023

££
Other debtors5,7736,542
Total5,7736,542
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables73,19153,241
Taxation and social security638495
Total73,82953,736