Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2023 1 February 2022 false 1 February 2023 31 March 2024 31 March 2024 05677933 Mr S Muzolf Mrs C L Muzolf Mr S Muzolf iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05677933 2023-01-31 05677933 2024-03-31 05677933 2023-02-01 2024-03-31 05677933 frs-core:ComputerEquipment 2023-02-01 2024-03-31 05677933 frs-core:LandBuildings 2024-03-31 05677933 frs-core:LandBuildings 2023-02-01 2024-03-31 05677933 frs-core:LandBuildings 2023-01-31 05677933 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-03-31 05677933 frs-core:PlantMachinery 2024-03-31 05677933 frs-core:PlantMachinery 2023-02-01 2024-03-31 05677933 frs-core:PlantMachinery 2023-01-31 05677933 frs-core:ShareCapital 2024-03-31 05677933 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05677933 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-03-31 05677933 frs-bus:FilletedAccounts 2023-02-01 2024-03-31 05677933 frs-bus:SmallEntities 2023-02-01 2024-03-31 05677933 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-03-31 05677933 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-03-31 05677933 frs-bus:Director1 2023-02-01 2024-03-31 05677933 frs-bus:Director2 2023-02-01 2024-03-31 05677933 frs-bus:CompanySecretary1 2023-02-01 2024-03-31 05677933 frs-countries:EnglandWales 2023-02-01 2024-03-31 05677933 2022-01-31 05677933 2023-01-31 05677933 2022-02-01 2023-01-31 05677933 frs-core:ShareCapital 2023-01-31 05677933 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 05677933
Turnkey Productions Limited
Unaudited Financial Statements
For the Period 1 February 2023 to 31 March 2024
Davey Grover Ltd
Chartered Accountants
4 Fenice Court
Phoenix Business Park
St. Neots
Cambridgeshire
PE19 8EP
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 05677933
31 March 2024 31 January 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,837 5,416
3,837 5,416
CURRENT ASSETS
Debtors 5 851 986
Cash at bank and in hand 1,307 279
2,158 1,265
Creditors: Amounts Falling Due Within One Year 6 (53,874 ) (83,787 )
NET CURRENT ASSETS (LIABILITIES) (51,716 ) (82,522 )
TOTAL ASSETS LESS CURRENT LIABILITIES (47,879 ) (77,106 )
NET LIABILITIES (47,879 ) (77,106 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement (47,979 ) (77,206 )
SHAREHOLDERS' FUNDS (47,879) (77,106)
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For the period ending 31 March 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr S Muzolf
Director
13 November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Turnkey Productions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05677933 . The registered office is 4 Fenice Court Phoenix Business Park, Eaton Socon, St Neots, Cambridgeshire, PE19 8EP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The accounts have been prepared on a going concern basis on the assumption that the support of the company's directors will continue. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustment that would result from a withdrawal of the directors support.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Hire of premises
Turnover is recognised for the period of the rental.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold over the term of the lease
Plant & Machinery 25% reducing balance
Computer Equipment 33.3% on cost
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 2)
2 2
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4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 February 2023 9,158 44,568 53,726
As at 31 March 2024 9,158 44,568 53,726
Depreciation
As at 1 February 2023 9,157 39,153 48,310
Provided during the period - 1,579 1,579
As at 31 March 2024 9,157 40,732 49,889
Net Book Value
As at 31 March 2024 1 3,836 3,837
As at 1 February 2023 1 5,415 5,416
5. Debtors
31 March 2024 31 January 2023
£ £
Due within one year
Other debtors 851 986
851 986
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 January 2023
£ £
Other creditors 53,874 83,787
53,874 83,787
7. Share Capital
31 March 2024 31 January 2023
£ £
Allotted, Called up and fully paid 100 100
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8. Related Party Transactions
Included within other creditors is an interest free loan provided by the directors. At 31 March 2024 they were owed £52,597 (31 January 2023: £ 81,411).
Mr S Muzolf ultimately controls the Company.
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