IRIS Accounts Production v24.3.2.46 05406962 director 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh054069622023-04-30054069622024-04-30054069622023-05-012024-04-30054069622022-04-30054069622022-05-012023-04-30054069622023-04-3005406962ns15:EnglandWales2023-05-012024-04-3005406962ns14:PoundSterling2023-05-012024-04-3005406962ns10:Director12023-05-012024-04-3005406962ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3005406962ns10:SmallEntities2023-05-012024-04-3005406962ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3005406962ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3005406962ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3005406962ns10:AbridgedAccounts2023-05-012024-04-300540696212023-05-012024-04-3005406962ns10:CompanySecretary12023-05-012024-04-3005406962ns10:RegisteredOffice2023-05-012024-04-3005406962ns5:CurrentFinancialInstruments2024-04-3005406962ns5:CurrentFinancialInstruments2023-04-3005406962ns5:Non-currentFinancialInstruments2024-04-3005406962ns5:Non-currentFinancialInstruments2023-04-3005406962ns5:ShareCapital2024-04-3005406962ns5:ShareCapital2023-04-3005406962ns5:RetainedEarningsAccumulatedLosses2024-04-3005406962ns5:RetainedEarningsAccumulatedLosses2023-04-3005406962ns5:NetGoodwill2023-05-012024-04-3005406962ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3005406962ns5:LandBuildings2023-05-012024-04-3005406962ns5:PlantMachinery2023-05-012024-04-3005406962ns5:Secured2024-04-3005406962ns5:Secured2023-04-30
REGISTERED NUMBER: 05406962 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

TURNERS GRAPHIC ART AND DRAWING OFFICE
SUPPLIES LTD.

TURNERS GRAPHIC ART AND DRAWING OFFICE
SUPPLIES LTD. (REGISTERED NUMBER: 05406962)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


TURNERS GRAPHIC ART AND DRAWING OFFICE
SUPPLIES LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30 April 2024







DIRECTOR: J C Limmack



SECRETARY: J Parashak



REGISTERED OFFICE: Derwent House
141-145 Dale Road
Matlock
Derbyshire
DE4 3LU



REGISTERED NUMBER: 05406962 (England and Wales)



ACCOUNTANTS: Mills & Black
Derwent House
141-145 Dale Road
Matlock
Derbyshire
DE4 3LU



BANKERS: National Westminster plc
1 Water Lane
Bakewell
Derbyshire
DE45 1YY

TURNERS GRAPHIC ART AND DRAWING OFFICE
SUPPLIES LTD. (REGISTERED NUMBER: 05406962)

ABRIDGED BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,750 7,500
Tangible assets 5 464,084 467,867
467,834 475,367

CURRENT ASSETS
Stocks 239,000 200,000
Debtors 78,171 83,439
Cash at bank and in hand 528 762
317,699 284,201
CREDITORS
Amounts falling due within one year 273,615 283,474
NET CURRENT ASSETS 44,084 727
TOTAL ASSETS LESS CURRENT
LIABILITIES

511,918

476,094

CREDITORS
Amounts falling due after more than one
year

6

328,004

343,742
NET ASSETS 183,914 132,352

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 183,814 132,252
183,914 132,352

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

TURNERS GRAPHIC ART AND DRAWING OFFICE
SUPPLIES LTD. (REGISTERED NUMBER: 05406962)

ABRIDGED BALANCE SHEET - continued
30 April 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 23 January 2025 and were signed by:





J C Limmack - Director


TURNERS GRAPHIC ART AND DRAWING OFFICE
SUPPLIES LTD. (REGISTERED NUMBER: 05406962)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2024

1. STATUTORY INFORMATION

Turners Graphic Art and Drawing Office Supplies Ltd. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and Straight line over 3 years

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 year 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 year 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.

TURNERS GRAPHIC ART AND DRAWING OFFICE
SUPPLIES LTD. (REGISTERED NUMBER: 05406962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 April 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 75,000
AMORTISATION
At 1 May 2023 67,500
Amortisation for year 3,750
At 30 April 2024 71,250
NET BOOK VALUE

At 30 April 2024 3,750
At 30 April 2023 7,500

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 552,693
Additions 1,348
Disposals (1,532 )
At 30 April 2024 552,509
DEPRECIATION
At 1 May 2023 84,826
Charge for year 5,127
Eliminated on disposal (1,528 )
At 30 April 2024 88,425
NET BOOK VALUE
At 30 April 2024 464,084
At 30 April 2023 467,867

TURNERS GRAPHIC ART AND DRAWING OFFICE
SUPPLIES LTD. (REGISTERED NUMBER: 05406962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30.4.24 30.4.23
£    £   
Repayable by instalments
Bank loans due in more than 5 years 263,219 262,751

7. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 307,999 324,128

TSB Bank Plc have a fixed and floating charge over company assets as security for the freehold property loan.