Turkuaz Limited - Limited company - abbreviated - 11.6

Turkuaz Limited - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 07103684 (England and Wales)

















Abbreviated Unaudited Accounts

for the Year Ended 28 February 2014

for

Turkuaz Limited

Turkuaz Limited (Registered number: 07103684)






Contents of the Abbreviated Accounts
for the Year Ended 28 February 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Turkuaz Limited

Company Information
for the Year Ended 28 February 2014







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

Turkuaz Limited (Registered number: 07103684)

Abbreviated Balance Sheet
28 February 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 19,777 24,381

CURRENT ASSETS
Stocks 10,191 11,312
Debtors 1,225 -
Cash at bank and in hand 4,812 9,276
16,228 20,588
CREDITORS
Amounts falling due within one year 27,392 29,400
NET CURRENT LIABILITIES (11,164 ) (8,812 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,613

15,569

PROVISIONS FOR LIABILITIES 3,955 5,120
NET ASSETS 4,658 10,449

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 4,558 10,349
SHAREHOLDERS' FUNDS 4,658 10,449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 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.

Turkuaz Limited (Registered number: 07103684)

Abbreviated Balance Sheet - continued
28 February 2014


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 28 November 2014 and were signed by:





Mr N Karakulak - Director


Turkuaz Limited (Registered number: 07103684)

Notes to the Abbreviated Accounts
for the Year Ended 28 February 2014

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 April 2008).

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 2013 43,431
Additions 340
At 28 February 2014 43,771
DEPRECIATION
At 1 March 2013 19,050
Charge for year 4,944
At 28 February 2014 23,994
NET BOOK VALUE
At 28 February 2014 19,777
At 28 February 2013 24,381

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary Shares £1.00 100 100