Turnerdale Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08307717 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 26 November 2012 to 31 March 2014

for

Turnerdale Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr J Pattinson

SECRETARY:

REGISTERED OFFICE:

Turnerdale Hall

The Carrs

Ruswarp

Whitby

North Yorkshire

YO21 1RL

REGISTERED NUMBER:

08307717 (England and Wales)

ACCOUNTANTS:

Simon J Gibson Limited

Chartered Accountants

7 Eskdale Close

Sleights

Whitby

North Yorkshire

YO22 5EW

FIXED ASSETS

Intangible assets

2

2,700

Tangible assets

3

3,698

6,398

CURRENT ASSETS

Stocks

7,546

Debtors

8,896

Cash at bank and in hand

2,690

19,132

CREDITORS

Amounts falling due within one year

47,474

NET CURRENT LIABILITIES

(28,342

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(21,944

)

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

(22,044

)

SHAREHOLDERS' FUNDS

(21,944

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2014 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 5 August 2014 and were signed by:

Mr J Pattinson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten 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 etc

-

33% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

3,000

At 31 March 2014

3,000

AMORTISATION

Amortisation for period

300

At 31 March 2014

300

NET BOOK VALUE

At 31 March 2014

2,700

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

4,158

At 31 March 2014

4,158

DEPRECIATION

Charge for period

460

At 31 March 2014

460

NET BOOK VALUE

At 31 March 2014

3,698

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100