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REGISTERED NUMBER: 07671788 (England and Wales)







Financial Statements for the Year Ended 30th June 2024

for

Turbine Engineering Services Ltd

Turbine Engineering Services Ltd (Registered number: 07671788)






Contents of the Financial Statements
for the Year Ended 30th June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Turbine Engineering Services Ltd

Company Information
for the Year Ended 30th June 2024







DIRECTOR: J S Kemili





REGISTERED OFFICE: Unit 10-13 Aintree Road
Keytec 7 Business Park
Pershore
Worcester
Worcestershire
WR10 2JN





REGISTERED NUMBER: 07671788 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

Turbine Engineering Services Ltd (Registered number: 07671788)

Abridged Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 129,158 146,956
129,158 146,956

CURRENT ASSETS
Stocks 234,729 -
Debtors 816,114 857,058
Cash at bank 1,267,086 1,492,794
2,317,929 2,349,852
CREDITORS
Amounts falling due within one year 1,224,350 856,186
NET CURRENT ASSETS 1,093,579 1,493,666
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,222,737

1,640,622

PROVISIONS FOR LIABILITIES 32,290 27,922
NET ASSETS 1,190,447 1,612,700

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 1,190,427 1,612,680
1,190,447 1,612,700

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

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

The director acknowledges his 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.

Turbine Engineering Services Ltd (Registered number: 07671788)

Abridged Balance Sheet - continued
30th June 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 30th June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 21st March 2025 and were signed by:





J S Kemili - Director


Turbine Engineering Services Ltd (Registered number: 07671788)

Notes to the Financial Statements
for the Year Ended 30th June 2024

1. STATUTORY INFORMATION

Turbine Engineering Services 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.

Turnover from the sale of goods is recognised when the goods have been delivered to the customer.

Turnover from services is recognised over the periods to which those services relate.

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.

Website is being amortised evenly over its estimated useful life of three years.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 20% on reducing balance

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

FOREIGN CURRENCIES
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Turbine Engineering Services Ltd (Registered number: 07671788)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st July 2023
and 30th June 2024 7,301
AMORTISATION
At 1st July 2023
and 30th June 2024 7,301
NET BOOK VALUE

At 30th June 2024 -
At 30th June 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st July 2023 648,496
Additions 72,203
Disposals (105,519 )
At 30th June 2024 615,180
DEPRECIATION
At 1st July 2023 501,540
Charge for year 34,692
Eliminated on disposal (50,210 )
At 30th June 2024 486,022
NET BOOK VALUE
At 30th June 2024 129,158
At 30th June 2023 146,956

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th June 2024 and 30th June 2023:

2024 2023
£    £   
J S Kemili
Balance outstanding at start of year 123,366 (1,634 )
Amounts advanced 54,775 125,000
Amounts repaid (55,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 123,141 123,366