TURNAROUNDHR LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05700269 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

TURNAROUNDHR LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Turner

H Turner

SECRETARY:

H Turner

REGISTERED OFFICE:

170 Macdonald Road

Lightwater

Surrey

GU18 5YB

REGISTERED NUMBER:

05700269 (England and Wales)

ACCOUNTANTS:

WITNEY & CO LTD

Ground Floor

39 Guildford Road

Lightwater

Surrey

GU18 5SA

FIXED ASSETS

Tangible assets

4

16,950

22,412

Investment property

5

103,344

105,641

120,294

128,053

CURRENT ASSETS

Debtors

784

-

Cash at bank

28,672

44,807

29,456

44,807

CREDITORS

Amounts falling due within one year

26,073

15,875

NET CURRENT ASSETS

3,383

28,932

TOTAL ASSETS LESS CURRENT LIABILITIES

123,677

156,985

CREDITORS

Amounts falling due after more than one year

-

22,209

NET ASSETS

123,677

134,776

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

123,577

134,676

SHAREHOLDERS' FUNDS

123,677

134,776

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 August 2022 and were signed on its behalf by:

S Turner - Director

1.	STATUTORY INFORMATION

TURNAROUNDHR 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.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2021

and 31 March 2022

40,577

DEPRECIATION

At 1 April 2021

18,165

Charge for year

5,462

At 31 March 2022

23,627

NET BOOK VALUE

At 31 March 2022

16,950

At 31 March 2021

22,412

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2021

and 31 March 2022

114,829

DEPRECIATION

At 1 April 2021

9,188

Charge for year

2,297

At 31 March 2022

11,485

NET BOOK VALUE

At 31 March 2022

103,344

At 31 March 2021

105,641

6.	RELATED PARTY DISCLOSURES

The controlling party is S Turner.

The ultimate controlling party is S Turner.