Turkuaz Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07103684 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 29 February 2016

for

Turkuaz Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr N Karakulak

REGISTERED OFFICE:

2nd Floor, Grove House

774-780 Wilmslow Road

Didsbury

Manchester

Greater Manchester

M20 2DR

REGISTERED NUMBER:

07103684 (England and Wales)

ACCOUNTANTS:

Sterling Partners Limited

Chartered Accountants

Chartered Tax Advisors

2nd Floor, Grove House

774-780 Wilmslow Road

Didsbury

Manchester

Greater Manchester

M20 2DR

FIXED ASSETS

Tangible assets

2

23,653

18,659

CURRENT ASSETS

Stocks

4,913

5,091

Debtors

5,522

1,119

Cash at bank and in hand

14,224

11,498

24,659

17,708

CREDITORS

Amounts falling due within one year

35,700

28,563

NET CURRENT LIABILITIES

(11,041

)

(10,855

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,612

7,804

PROVISIONS FOR LIABILITIES

4,731

3,732

NET ASSETS

7,881

4,072

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

7,781

3,972

SHAREHOLDERS' FUNDS

7,881

4,072

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 16 November 2016 and were signed by:

Mr N Karakulak - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

47,318

Additions

10,907

At 29 February 2016

58,225

DEPRECIATION

At 1 March 2015

28,659

Charge for year

5,913

At 29 February 2016

34,572

NET BOOK VALUE

At 29 February 2016

23,653

At 28 February 2015

18,659

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary Shares

£1.00

100

100