TURBOACTIVE LIMITED

TURBOACTIVE LIMITED - Company Information

2019-05-012020-04-302020-04-30false03353641TURBOACTIVE LIMITED2021-01-2945320iso4217:GBPxbrli:pure033536412019-05-01033536412020-04-30033536412019-05-012020-04-30033536412018-05-01033536412019-04-30033536412018-05-012019-04-3003353641bus:SmallEntities2019-05-012020-04-3003353641bus:AuditExempt-NoAccountantsReport2019-05-012020-04-3003353641bus:AbridgedAccounts2019-05-012020-04-3003353641bus:PrivateLimitedCompanyLtd2019-05-012020-04-3003353641core:WithinOneYear2020-04-3003353641core:AfterOneYear2020-04-3003353641core:WithinOneYear2019-04-3003353641core:AfterOneYear2019-04-3003353641core:ShareCapital2020-04-3003353641core:SharePremium2020-04-3003353641core:RevaluationReserve2020-04-3003353641core:OtherReservesSubtotal2020-04-3003353641core:RetainedEarningsAccumulatedLosses2020-04-3003353641core:ShareCapital2019-04-3003353641core:SharePremium2019-04-3003353641core:RevaluationReserve2019-04-3003353641core:OtherReservesSubtotal2019-04-3003353641core:RetainedEarningsAccumulatedLosses2019-04-3003353641core:LandBuildings2020-04-3003353641core:PlantMachinery2020-04-3003353641core:Vehicles2020-04-3003353641core:FurnitureFittings2020-04-3003353641core:OfficeEquipment2020-04-3003353641core:NetGoodwill2020-04-3003353641core:IntangibleAssetsOtherThanGoodwill2020-04-3003353641core:ListedExchangeTraded2020-04-3003353641core:UnlistedNon-exchangeTraded2020-04-3003353641core:LandBuildings2019-04-3003353641core:PlantMachinery2019-04-3003353641core:Vehicles2019-04-3003353641core:FurnitureFittings2019-04-3003353641core:OfficeEquipment2019-04-3003353641core:NetGoodwill2019-04-3003353641core:IntangibleAssetsOtherThanGoodwill2019-04-3003353641core:ListedExchangeTraded2019-04-3003353641core:UnlistedNon-exchangeTraded2019-04-3003353641core:LandBuildings2019-05-012020-04-3003353641core:PlantMachinery2019-05-012020-04-3003353641core:Vehicles2019-05-012020-04-3003353641core:FurnitureFittings2019-05-012020-04-3003353641core:OfficeEquipment2019-05-012020-04-3003353641core:NetGoodwill2019-05-012020-04-3003353641core:IntangibleAssetsOtherThanGoodwill2019-05-012020-04-3003353641core:ListedExchangeTraded2019-05-012020-04-3003353641core:UnlistedNon-exchangeTraded2019-05-012020-04-3003353641core:MoreThanFiveYears2019-05-012020-04-3003353641core:Non-currentFinancialInstruments2020-04-3003353641core:Non-currentFinancialInstruments2019-04-3003353641dpl:CostSales2019-05-012020-04-3003353641dpl:DistributionCosts2019-05-012020-04-3003353641dpl:AdministrativeExpenses2019-05-012020-04-3003353641core:LandBuildings2019-05-012020-04-3003353641core:PlantMachinery2019-05-012020-04-3003353641core:Vehicles2019-05-012020-04-3003353641core:FurnitureFittings2019-05-012020-04-3003353641core:OfficeEquipment2019-05-012020-04-3003353641dpl:GroupUndertakings2019-05-012020-04-3003353641dpl:ParticipatingInterests2019-05-012020-04-3003353641dpl:GroupUndertakingscore:ListedExchangeTraded2019-05-012020-04-3003353641core:ListedExchangeTraded2019-05-012020-04-3003353641dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2019-05-012020-04-3003353641core:UnlistedNon-exchangeTraded2019-05-012020-04-3003353641dpl:CostSales2018-05-012019-04-3003353641dpl:DistributionCosts2018-05-012019-04-3003353641dpl:AdministrativeExpenses2018-05-012019-04-3003353641core:LandBuildings2018-05-012019-04-3003353641core:PlantMachinery2018-05-012019-04-3003353641core:Vehicles2018-05-012019-04-3003353641core:FurnitureFittings2018-05-012019-04-3003353641core:OfficeEquipment2018-05-012019-04-3003353641dpl:GroupUndertakings2018-05-012019-04-3003353641dpl:ParticipatingInterests2018-05-012019-04-3003353641dpl:GroupUndertakingscore:ListedExchangeTraded2018-05-012019-04-3003353641core:ListedExchangeTraded2018-05-012019-04-3003353641dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2018-05-012019-04-3003353641core:UnlistedNon-exchangeTraded2018-05-012019-04-3003353641core:NetGoodwill2020-04-3003353641core:IntangibleAssetsOtherThanGoodwill2020-04-3003353641core:LandBuildings2020-04-3003353641core:PlantMachinery2020-04-3003353641core:Vehicles2020-04-3003353641core:FurnitureFittings2020-04-3003353641core:OfficeEquipment2020-04-3003353641core:AfterOneYear2020-04-3003353641core:WithinOneYear2020-04-3003353641core:ListedExchangeTraded2020-04-3003353641core:UnlistedNon-exchangeTraded2020-04-3003353641core:ShareCapital2020-04-3003353641core:SharePremium2020-04-3003353641core:RevaluationReserve2020-04-3003353641core:OtherReservesSubtotal2020-04-3003353641core:RetainedEarningsAccumulatedLosses2020-04-3003353641core:NetGoodwill2019-04-3003353641core:IntangibleAssetsOtherThanGoodwill2019-04-3003353641core:LandBuildings2019-04-3003353641core:PlantMachinery2019-04-3003353641core:Vehicles2019-04-3003353641core:FurnitureFittings2019-04-3003353641core:OfficeEquipment2019-04-3003353641core:AfterOneYear2019-04-3003353641core:WithinOneYear2019-04-3003353641core:ListedExchangeTraded2019-04-3003353641core:UnlistedNon-exchangeTraded2019-04-3003353641core:ShareCapital2019-04-3003353641core:SharePremium2019-04-3003353641core:RevaluationReserve2019-04-3003353641core:OtherReservesSubto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TURBOACTIVE LIMITED

Registered Number
03353641
(England and Wales)

Unaudited Financial Statements for the Year Ended
30 April 2020

TURBOACTIVE LIMITED

Company Information
for the year from 1 May 2019 to 30 April 2020


Directors	WATSON, Mark


Registered Address	Evolution Wynyard Avenue
	Wynyard Business Park
	Billingham
	TS22 5TB


Registered Number	03353641 (England and Wales)

TURBOACTIVE LIMITED

Balance Sheet as at
30 April 2020

	Notes	2020 £	2019 £
Fixed assets
Tangible assets	4	93,104	96,741
Current assets
Stocks		1,065,511	615,546
Debtors		713,572	489,270
Cash at bank and on hand		255,285	878,314
Creditors amounts falling due within one year		(379,036)	(294,002)
Net current assets (liabilities)		1,655,332	1,689,128
Total assets less current liabilities		1,748,436	1,785,869
Net assets		1,748,436	1,785,869
Capital and reserves
Called up share capital		5,103	5,103
Profit and loss account		1,743,333	1,780,766
Shareholders' funds		1,748,436	1,785,869

The company was entitled to exemption from audit for this reporting period 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. The directors have chosen to not file a copy of the company’s profit and loss account.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 29 January 2021, and are signed on its behalf by:

WATSON, Mark
Director
Registered Company No. 03353641

TURBOACTIVE LIMITED

Notes to the Financial Statements
for the year ended 30 April 2020

1.	STATUTORY INFORMATION
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	COMPLIANCE WITH APPLICABLE REPORTING FRAMEWORK
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Inventories policy
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

3.	EMPLOYEE INFORMATION

		2020		2019
	Average number of employees during the year	18		18

4.	PROPERTY, PLANT AND EQUIPMENT

		Total £
	Cost or valuation
	At 01 May 19	316,435
	Additions	5,825
	At 30 April 20	322,260
	Depreciation and impairment
	At 01 May 19	219,694
	Charge for year	9,462
	At 30 April 20	229,156
	Net book value
	At 30 April 20	93,104
	At 30 April 19	96,741

5.	DESCRIPTION OF NATURE OF TRANSACTIONS AND BALANCES WITH RELATED PARTIES
	Supplies of goods and services, at arm's length, from/(to) businesses in which directors have interests were as follows: 2020 2019 £ £ M Watson - Direct Sports Ltd (55,373) (52,182) M Watson - M Watson Property 36,282 36,282 At the Balance Sheet date, amounts were due from/(to) businesses in which directors have interests as follows: 2020 2019 £ £ M Watson -Direct Sports Ltd (7559) 0 M Watson -M Watson Property 0 0

DESCRIPTION OF NATURE OF TRANSACTIONS AND BALANCES WITH RELATED PARTIES

Supplies of goods and services, at arm's length, from/(to) businesses in which directors have interests were as follows:
                                                                           2020                                     2019
                                                                          £                                           £
M Watson - Direct Sports Ltd                           (55,373)                                (52,182)                                        
M Watson - M Watson Property                        36,282                                  36,282

At the Balance Sheet date, amounts were due from/(to) businesses in which directors have interests as follows:
                                                                            2020                                    2019
                                                                           £                                         £
M Watson -Direct Sports Ltd                               (7559)                                 0
M Watson -M Watson Property                            0                                         0