TURNING FACTOR LIMITED Accounts filed on 31-10-2013

TURNING FACTOR LIMITED - Company Information

false true true true 2012-11-01 2013-10-31 10,692 15,911 2013-10-31 true 06900923 2012-11-01 2013-10-31 06900923 2011-06-01 2012-10-31 06900923 2013-10-31 06900923 2012-10-31 06900923 2012-10-31 06900923 2011-05-31 06900923 uk-bus:Director1 2012-11-01 2013-10-31 06900923 uk-bus:Director1 2012-11-01 06900923 uk-bus:Director1 2013-10-31 06900923 uk-bus:CompanySecretary 2012-11-01 2013-10-31 06900923 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2012-11-01 2013-10-31 06900923 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2011-06-01 2012-10-31 06900923 uk-gaap:LeasedTangibleFixedAssets 2012-11-01 2013-10-31 06900923 uk-gaap:LeasedTangibleFixedAssets 2011-06-01 2012-10-31 06900923 uk-gaap:NetGoodwill 2012-11-01 2013-10-31 06900923 uk-gaap:NetGoodwill 2011-06-01 2012-10-31 06900923 uk-gaap:IntangibleAssetsOtherThanGoodwill 2012-11-01 2013-10-31 06900923 uk-gaap:IntangibleAssetsOtherThanGoodwill 2011-06-01 2012-10-31 06900923 uk-bus:AllEntityOfficers 2012-11-01 2013-10-31 06900923 uk-bus:AllEntityOfficers 2011-06-01 2012-10-31 06900923 uk-bus:AllOrdinaryShares 2012-11-01 2013-10-31 06900923 uk-bus:AllOrdinaryShares 2013-10-31 06900923 uk-bus:AllOrdinaryShares 2011-06-01 2012-10-31 06900923 uk-bus:AllOrdinaryShares 2012-10-31 06900923 uk-bus:AllPreferenceShares 2012-11-01 2013-10-31 06900923 uk-bus:AllPreferenceShares 2013-10-31 06900923 uk-bus:AllPreferenceShares 2011-06-01 2012-10-31 06900923 uk-bus:AllPreferenceShares 2012-10-31 06900923 uk-gaap:NetGoodwill 2013-10-31 06900923 uk-gaap:NetGoodwill 2012-10-31 06900923 uk-gaap:IntangibleAssetsOtherThanGoodwill 2013-10-31 06900923 uk-gaap:IntangibleAssetsOtherThanGoodwill 2012-10-31 06900923 uk-gaap:LandBuildings 2013-10-31 06900923 uk-gaap:LandBuildings 2012-11-01 2013-10-31 06900923 uk-gaap:LandBuildings 2012-10-31 06900923 uk-gaap:PlantMachinery 2013-10-31 06900923 uk-gaap:PlantMachinery 2012-11-01 2013-10-31 06900923 uk-gaap:PlantMachinery 2012-10-31 06900923 uk-gaap:FixturesFittings 2013-10-31 06900923 uk-gaap:FixturesFittings 2012-11-01 2013-10-31 06900923 uk-gaap:FixturesFittings 2012-10-31 06900923 uk-gaap:MotorVehicles 2013-10-31 06900923 uk-gaap:MotorVehicles 2012-11-01 2013-10-31 06900923 uk-gaap:MotorVehicles 2012-10-31 06900923 uk-gaap:OfficeEquipment 2013-10-31 06900923 uk-gaap:OfficeEquipment 2012-11-01 2013-10-31 06900923 uk-gaap:OfficeEquipment 2012-10-31 06900923 uk-bus:RegisteredOffice 2012-11-01 2013-10-31 06900923 uk-gaap:WithinOneYear 2013-10-31 06900923 uk-gaap:WithinOneYear 2012-10-31 06900923 uk-gaap:AfterOneYear 2013-10-31 06900923 uk-gaap:AfterOneYear 2012-10-31 06900923 uk-gaap:BetweenOneFiveYears 2013-10-31 06900923 uk-gaap:BetweenOneFiveYears 2012-10-31 06900923 uk-gaap:MoreThanFiveYears 2013-10-31 06900923 uk-gaap:MoreThanFiveYears 2012-10-31 iso4217:GBP xbrli:pure xbrli:shares

TURNING FACTOR LIMITED

Company Registration Number:
06900923 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01st November 2012

End date: 31st October 2013

SUBMITTED

Company Information
for the Period Ended 31st October 2013

Director:		Ms Katherine Horton






Registered office:		Well Green Farm Mattishall Road
		East Tuddenham

		Dereham
		Norfolk
		NR20 3LR




Company Registration Number:		06900923 (England and Wales)

Abbreviated Balance sheet
As at 31st October 2013

	Notes	2013 £	2012 £
Fixed assets
Intangible assets:	6	0	37,500
Tangible assets:	7	1,251	1,668
Total fixed assets:		1,251	39,168
Current assets
Debtors:	8	39,772	18,319
Cash at bank and in hand:		169	7,105
Total current assets:		39,941	25,424
Creditors
Creditors: amounts falling due within one year	9	112,259	127,474
Net current assets (liabilities):		( 72,318 )	( 102,050 )
Total assets less current liabilities:		( 71,067 )	( 62,882 )
Creditors: amounts falling due after more than one year:	10	2,500	-
Provision for liabilities:	11	7	-
Total net assets (liabilities):		( 73,574 )	( 62,882 )

The notes form part of these financial statements

Abbreviated Balance sheet
As at 31st October 2013
continued

	Notes	2013 £	2012 £
Capital and reserves
Called up share capital:	12	2	2
Profit and Loss account:		( 73,576 )	( 62,884 )
Total shareholders funds:		( 73,574 )	( 62,882 )

For the year ending 31 October 2013 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 10 July 2014

SIGNED ON BEHALF OF THE BOARD BY:

Name: Ms Katherine Horton
Status: Director

The notes form part of these financial statements

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2013

1. Accounting policies

Basis of measurement and preparation of accounts

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008)

Turnover policy

The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets depreciation policy

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Plant and Machinery - 25% Reducing Balance Method Fixtures, Fittings and Equipment - 25% Reducing Balance Method

Intangible fixed assets amortisation policy

Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, of two years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2013

6. Intangible assets

	Total
Cost	£
At 01st November 2012:	75,000
	75,000

Amortisation	£
At 01st November 2012:	37,500
Provided during the period:	37,500
At 31st October 2013:	75,000

Net book value	£
At 31st October 2013:	0
At 31st October 2012:	37,500

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2013

7. Tangible assets

	Total
Cost	£
At 01st November 2012:	2,224
At 31st October 2013:	2,224
Depreciation
At 01st November 2012:	556
Charge for year:	417
At 31st October 2013:	973
Net book value
At 31st October 2013:	1,251
At 31st October 2012:	1,668

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2013

8. Debtors

	2013 £	2012 £
Trade debtors:	24,054	18,319
Other debtors:	15,718	-
Total:	39,772	18,319

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2013

9. Creditors: amounts falling due within one year

	2013 £	2012 £
Bank loans and overdrafts:	1,157	0
Trade creditors:	8,763	4,767
Taxation and social security:	11,277	14,976
Accruals and deferred income:	28,200	27,000
Other creditors:	62,862	80,731
Total:	112,259	127,474

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2013

10. Creditors: amounts falling due after more than one year

	2013 £	2012 £
Bank loans and overdrafts:	2,500	0
Total:	2,500	-

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2013

12. Called up share capital

Allotted, called up and paid

Previous period			2012
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	2	1.00 1.00	2
Total share capital:			2

Current period			2013
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	2	1.00 1.00	2
Total share capital:			2

TURNING FACTOR LIMITED Accounts filed on 31-10-2013