Abbreviated Company Accounts - TURNOVER DEVELOPMENTS LTD

Abbreviated Company Accounts - TURNOVER DEVELOPMENTS LTD

TURNOVER DEVELOPMENTS LTD - Company Information

Print Friendly Version

Registered Number NI030768

TURNOVER DEVELOPMENTS LTD

Abbreviated Accounts

30 April 2014

TURNOVER DEVELOPMENTS LTD Registered Number NI030768

Abbreviated Balance Sheet as at 30 April 2014

Notes 2014 2013
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets 2 - 4,680
- 4,680
Current assets
Stocks - 1,003,000
Cash at bank and in hand 774 2,533
774 1,005,533
Creditors: amounts falling due within one year (180,420) (4,038,228)
Net current assets (liabilities) (179,646) (3,032,695)
Total assets less current liabilities (179,646) (3,028,015)
Total net assets (liabilities) (179,646) (3,028,015)
Capital and reserves
Called up share capital 3 3
Profit and loss account (179,649) (3,028,018)
Shareholders' funds (179,646) (3,028,015)
  • For the year ending 30 April 2014 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.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 22 January 2015

And signed on their behalf by:
Noel Burke, Director

TURNOVER DEVELOPMENTS LTD Registered Number NI030768

Notes to the Abbreviated Accounts for the period ended 30 April 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods and services excluding value added tax.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:-

Computer equipment 30.00% Reducing balance

Motor Van 20.00% Reducing balance

2Intangible fixed assets
£
Cost
At 1 May 2013 8,092
Additions -
Disposals (8,092)
Revaluations -
Transfers -
At 30 April 2014 0
Amortisation
At 1 May 2013 3,412
Charge for the year -
On disposals (3,412)
At 30 April 2014 0
Net book values
At 30 April 2014 0
At 30 April 2013 4,680