TURNT LTD

Company Registration Number:
11409383 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

TURNT LTD

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

TURNT LTD

Balance sheet

As at 30 June 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 36,471 39,735
Total fixed assets: 36,471 39,735
Current assets
Debtors:   20,655 37,600
Cash at bank and in hand: 318,384 179,553
Total current assets: 339,039 217,153
Creditors: amounts falling due within one year:   (164,360) (116,071)
Net current assets (liabilities): 174,679 101,082
Total assets less current liabilities: 211,150 140,817
Provision for liabilities: (6,929) (7,550)
Total net assets (liabilities): 204,221 133,267
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 204,219 133,265
Shareholders funds: 204,221 133,267

The notes form part of these financial statements

TURNT LTD

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 09 March 2025
and signed on behalf of the board by:

Name: Mr B Barakauskas
Status: Director

The notes form part of these financial statements

TURNT LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life. Asset class and depreciation rate Equipment 25% straight line Motor Cars 15% reducing balance

TURNT LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 2023
Average number of employees during the period 3 3

TURNT LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible Assets

Total
Cost £
At 01 July 2023 53,328
Additions 5,487
At 30 June 2024 58,815
Depreciation
At 01 July 2023 13,593
Charge for year 8,751
At 30 June 2024 22,344
Net book value
At 30 June 2024 36,471
At 30 June 2023 39,735