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REGISTERED NUMBER: 10600093 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

IMPROVED PERFORMANCE TURNTABLES LIMITED

IMPROVED PERFORMANCE TURNTABLES LIMITED (REGISTERED NUMBER: 10600093)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


IMPROVED PERFORMANCE TURNTABLES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: S J Clark
G K Hargreaves





REGISTERED OFFICE: 10 Beech Court
Wokingham Road
Hurst
Berkshire
RG10 0RQ





REGISTERED NUMBER: 10600093 (England and Wales)





ACCOUNTANTS: Vernon Gosling Friday Limited
10 Beech Court
Wokingham Road
Hurst
Reading
Berkshire
RG10 0RQ

IMPROVED PERFORMANCE TURNTABLES LIMITED (REGISTERED NUMBER: 10600093)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 401 688

CURRENT ASSETS
Stocks 54,838 68,880
Cash at bank and in hand 6,151 9,266
60,989 78,146
CREDITORS
Amounts falling due within one year 5 57,017 61,180
NET CURRENT ASSETS 3,972 16,966
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,373

17,654

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 4,363 17,644
SHAREHOLDERS' FUNDS 4,373 17,654

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

IMPROVED PERFORMANCE TURNTABLES LIMITED (REGISTERED NUMBER: 10600093)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:




S J Clark - Director



G K Hargreaves - Director


IMPROVED PERFORMANCE TURNTABLES LIMITED (REGISTERED NUMBER: 10600093)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Improved Performance Turntables 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 etc - 25% on reducing balance and 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 1,846
DEPRECIATION
At 1 March 2023 1,158
Charge for year 287
At 29 February 2024 1,445
NET BOOK VALUE
At 29 February 2024 401
At 28 February 2023 688

IMPROVED PERFORMANCE TURNTABLES LIMITED (REGISTERED NUMBER: 10600093)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security (2,110 ) 2,328
Other creditors 59,127 58,852
57,017 61,180