Turfkeeper Limited - Filleted accounts

Turfkeeper Limited - Filleted accounts

TURFKEEPER LIMITED - Company Information

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Registered number
07808231
Turfkeeper Limited
Filleted Accounts
31 October 2017
Turfkeeper Limited
Registered number: 07808231
Balance Sheet
as at 31 October 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 3 3,364 1,220
Current assets
Debtors 4 20,899 11,839
Cash at bank and in hand 2,322 4,826
23,221 16,665
Creditors: amounts falling due within one year 5 5,854 14,669
Net current assets 29,075 31,334
Net assets 32,439 32,554
Capital and reserves
Called up share capital 100 100
Profit and loss account 32,339 32,454
Shareholders' funds 32,439 32,554
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J Applegarth
Director
Approved by the board on 2 January 2018
Turfkeeper Limited
Notes to the Accounts
for the year ended 31 October 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2017 2016
Number Number
Average number of persons employed by the company - 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2016 2,000
Additions 2,737
At 31 October 2017 4,737
Depreciation
At 1 November 2016 780
Charge for the year 593
At 31 October 2017 1,373
Net book value
At 31 October 2017 3,364
At 31 October 2016 1,220
4 Debtors 2017 2016
£ £
Trade debtors 9,399 1,180
Other debtors 11,500 10,659
20,899 11,839
5 Creditors: amounts falling due within one year 2017 2016
£ £
Taxation and social security costs 1,643 401
Other creditors (7,497) (15,070)
(5,854) (14,669)
6 Other information
Turfkeeper Limited is a private company limited by shares and incorporated in England. Its registered office is:
53 Wood Street
Ashton-under-Lyne
Lancashire
OL6 7NB
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