Get Turner Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04926910 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2017

FOR

GET TURNER LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M S Turner

Mrs L Turner

Mr D H McCrossan

SECRETARY:

Mrs L Turner

REGISTERED OFFICE:

115b Drysdale Street Hoxton

London

N1 6ND

REGISTERED NUMBER:

04926910 (England and Wales)

ACCOUNTANTS:

P J Marks and Co. Ltd

Chartered Certified Accountants

115b Drysdale Street Hoxton

London

N1 6ND

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

35,242

49,157

35,242

49,157

CURRENT ASSETS

Stocks

109,568

283,233

Debtors

6

157,312

134,444

Cash at bank

4,377

-

271,257

417,677

CREDITORS

Amounts falling due within one year

7

292,336

377,691

NET CURRENT (LIABILITIES)/ASSETS

(21,079

)

39,986

TOTAL ASSETS LESS CURRENT LIABILITIES

14,163

89,143

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

14,063

89,043

SHAREHOLDERS' FUNDS

14,163

89,143

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 6 December 2017 and were signed on its behalf by:

Mr M S Turner - Director

1.	STATUTORY INFORMATION

Get Turner Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing

stocks to their present location and condition.

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.

Turnover

Turnover represents net sale of goods and services, excluding value added tax.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2016

and 31 October 2017

80,203

AMORTISATION

At 1 November 2016

and 31 October 2017

80,203

NET BOOK VALUE

At 31 October 2017

-

At 31 October 2016

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 November 2016

and 31 October 2017

11,034

80,750

15,347

11,252

118,383

DEPRECIATION

At 1 November 2016

9,399

36,485

14,431

8,911

69,226

Charge for year

414

11,066

229

2,206

13,915

At 31 October 2017

9,813

47,551

14,660

11,117

83,141

NET BOOK VALUE

At 31 October 2017

1,221

33,199

687

135

35,242

At 31 October 2016

1,635

44,265

916

2,341

49,157

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

74,572

18,389

Amounts owed by participating interests

62,400

54,500

Other debtors

20,340

61,555

157,312

134,444

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

24,198

17,729

Trade creditors

208,284

325,291

Taxation and social security

30,152

16,086

Other creditors

29,702

18,585

292,336

377,691

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M S Turner.