Turner Scott Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03734890 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

TURNER SCOTT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Nelson

Mrs B Wilson

SECRETARY:

REGISTERED OFFICE:

22 Market Place

Kendal

LA22 4TN

REGISTERED NUMBER:

03734890 (England and Wales)

ACCOUNTANTS:

Mitchinsons Accountants

22 Market Place

Kendal

Cumbria

LA9 4TN

FIXED ASSETS

Tangible assets

4

5,854

7,806

CURRENT ASSETS

Debtors

5

8,858

16,800

Cash at bank and in hand

10,315

4,505

19,173

21,305

CREDITORS

Amounts falling due within one year

6

16,342

11,124

NET CURRENT ASSETS

2,831

10,181

TOTAL ASSETS LESS CURRENT LIABILITIES

8,685

17,987

CAPITAL AND RESERVES

Called up share capital

404

404

Retained earnings

8,281

17,583

8,685

17,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2023 and were signed on its behalf by:

S Nelson - Director

1.	STATUTORY INFORMATION

Turner Scott Limited 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.

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 equipment - 25% Reducing balance

Motor vehicles - 25% Reducing balance

Taxation

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2022

and 31 March 2023

24,904

68,654

93,558

DEPRECIATION

At 1 April 2022

24,904

60,848

85,752

Charge for year

-

1,952

1,952

At 31 March 2023

24,904

62,800

87,704

NET BOOK VALUE

At 31 March 2023

-

5,854

5,854

At 31 March 2022

-

7,806

7,806

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

-

6,580

Other debtors

8,858

10,220

8,858

16,800

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

335

41

Amounts owed to associates

4,654

-

Taxation and social security

4,525

2,921

Other creditors

6,828

8,162

16,342

11,124

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr S Nelson and Mrs S Nelson.