Acorah Software Products - Accounts Production 16.1.300 false true 31 January 2023 1 February 2022 false 1 February 2023 31 July 2024 31 July 2024 05665770 Mr R G Turner Mr R G Turner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05665770 2023-01-31 05665770 2024-07-31 05665770 2023-02-01 2024-07-31 05665770 frs-core:CurrentFinancialInstruments 2024-07-31 05665770 frs-core:Non-currentFinancialInstruments 2024-07-31 05665770 frs-core:ComputerEquipment 2023-02-01 2024-07-31 05665770 frs-core:FurnitureFittings 2023-02-01 2024-07-31 05665770 frs-core:MotorVehicles 2023-02-01 2024-07-31 05665770 frs-core:PlantMachinery 2024-07-31 05665770 frs-core:PlantMachinery 2023-02-01 2024-07-31 05665770 frs-core:PlantMachinery 2023-01-31 05665770 frs-core:CapitalRedemptionReserve 2024-07-31 05665770 frs-core:ShareCapital 2024-07-31 05665770 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 05665770 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-07-31 05665770 frs-bus:FilletedAccounts 2023-02-01 2024-07-31 05665770 frs-bus:SmallEntities 2023-02-01 2024-07-31 05665770 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-07-31 05665770 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-07-31 05665770 frs-bus:Director1 2023-02-01 2024-07-31 05665770 frs-bus:CompanySecretary1 2023-02-01 2024-07-31 05665770 frs-countries:EnglandWales 2023-02-01 2024-07-31 05665770 2022-01-31 05665770 2023-01-31 05665770 2022-02-01 2023-01-31 05665770 frs-core:CurrentFinancialInstruments 2023-01-31 05665770 frs-core:Non-currentFinancialInstruments 2023-01-31 05665770 frs-core:CapitalRedemptionReserve 2023-01-31 05665770 frs-core:ShareCapital 2023-01-31 05665770 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 05665770
Turners Trade Paints Ltd
Unaudited Financial Statements
For the Period 1 February 2023 to 31 July 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05665770
31 July 2024 31 January 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 24,638 25,636
24,638 25,636
CURRENT ASSETS
Stocks 54,488 60,288
Debtors 5 104,454 79,426
Cash at bank and in hand 3,214 527
162,156 140,241
Creditors: Amounts Falling Due Within One Year 6 (133,659 ) (122,603 )
NET CURRENT ASSETS (LIABILITIES) 28,497 17,638
TOTAL ASSETS LESS CURRENT LIABILITIES 53,135 43,274
Creditors: Amounts Falling Due After More Than One Year 7 (34,242 ) (40,183 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,200 ) (2,349 )
NET ASSETS 12,693 742
CAPITAL AND RESERVES
Called up share capital 8 3 3
Capital redemption reserve 2 2
Profit and Loss Account 12,688 737
SHAREHOLDERS' FUNDS 12,693 742
Page 1
Page 2
For the period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Profit and Loss Account.
On behalf of the board
Mr R G Turner
Director
20 February 2025
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
Turners Trade Paints Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05665770 . The registered office is Unit 1 Burdock Close, Cannock, Staffordshire, WS11 7FG.
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 period represented is 18 months to 31 July 2024 and therefore the comparatives are not necessarily comparable.
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 is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred in respect of the transaction can be measured reliably. This is usually on the dispatch of the goods.
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:
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. 
Deferred tax liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled , based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities. The measurement of deferred tax liabilities reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.7. Debtors and creditors receivable or payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
2.8. Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs.
Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3. Average Number of Employees
Average number of employees, including directors, during the period was: 7 (2023: 7)
7 7
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 February 2023 114,295
Additions 11,655
Disposals (9,300 )
As at 31 July 2024 116,650
Depreciation
As at 1 February 2023 88,659
Provided during the period 7,892
Disposals (4,539 )
As at 31 July 2024 92,012
Net Book Value
As at 31 July 2024 24,638
As at 1 February 2023 25,636
5. Debtors
31 July 2024 31 January 2023
£ £
Due within one year
Trade debtors 102,842 78,455
Other debtors 1,612 971
104,454 79,426
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6. Creditors: Amounts Falling Due Within One Year
31 July 2024 31 January 2023
£ £
Trade creditors 52,779 40,506
Bank loans and overdrafts 25,809 51,226
Other loans 710 710
Other creditors 26,252 11,080
Taxation and social security 28,109 19,081
133,659 122,603
7. Creditors: Amounts Falling Due After More Than One Year
31 July 2024 31 January 2023
£ £
Bank loans 34,242 40,183
34,242 40,183
8. Share Capital
31 July 2024 31 January 2023
£ £
Allotted, Called up and fully paid 3 3
9. Off-Balance Sheet Arrangements
At the year end the company had lease commitments totalling £68,750.
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