REGISTERED NUMBER: SC072426 (Scotland)

Financial Statements

for the Year Ended 30 June 2017

for

Turnkey Computer Technology Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A I Armstrong

R J S Potter

Dr B I Wood

A G Wood

SECRETARY:

A I Armstrong

REGISTERED OFFICE:

Thornton Lodge

East Kilbride Road

Clarkston

Glasgow

G76 9HW

REGISTERED NUMBER:

SC072426 (Scotland)

ACCOUNTANTS:

Adam I Armstrong LL.B., C.A.

Armstrongs Chartered Accountants

Victoria Chambers

142 West Nile Street

Glasgow

G1 2RQ

FIXED ASSETS

Investments

4

3,791

3,791

CURRENT ASSETS

Stocks

5,058

4,656

Debtors

5

1,785,160

1,819,922

1,790,218

1,824,578

CREDITORS

Amounts falling due within one year

6

1,643,009

1,685,320

NET CURRENT ASSETS

147,209

139,258

TOTAL ASSETS LESS CURRENT LIABILITIES

151,000

143,049

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

150,000

142,049

SHAREHOLDERS' FUNDS

151,000

143,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 4 September 2017 and were signed on its behalf by:

A G Wood - Director

1.	STATUTORY INFORMATION

Turnkey Computer Technology Limited is a private company, limited by shares , registered in Scotland. 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.

Preparation of consolidated financial statements

The financial statements contain information about Turnkey Computer Technology Limited as an individual

company and do not contain consolidated financial information as the parent of a group. The company has taken

the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents amounts derived from the provision of goods and services which fall within the company's

ordinary activities after deduction of trade discounts and value added tax. The group enters into fixed term

maintenance contracts. Turnover on these contracts is deferred and recognised over the life of the contract.

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost includes materials, direct labour and

production overheads appropriate to the relevant stage of production. Net realisable value is based on estimated

selling price less all further costs to completion and all relevant marketing, selling and distribution costs.

Pension costs and other post-retirement benefits

The company operates a money purchase pension scheme, which provides retirement benefits to all employees.

the amount charged to the profit and loss account in respect of pension costs and other post retirement benefits is

the contribution payable in the year.

Investments

Investments in subsidiary undertakings are stated at cost less any provision for impairment.

Taxation

Current tax, including corporation tax, is provided at amounts expected to be paid (or recovered) using the tax

rates and laws that have been enacted or substantially enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2016 - 7 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2016

and 30 June 2017

3,791

NET BOOK VALUE

At 30 June 2017

3,791

At 30 June 2016

3,791

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

157,357

65,727

Amounts owed by group undertakings

1,627,803

1,754,195

1,785,160

1,819,922

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade creditors

421

49

Taxation and social security

105,364

155,181

Other creditors

1,537,224

1,530,090

1,643,009

1,685,320

7.	RELATED PARTY DISCLOSURES

8.	ULTIMATE CONTROLLING PARTY

9.	FIRST YEAR ADOPTION

The company has adopted FRS 102 for the year ended 30 June 2017. The reconciliation of equity at 1st July

2015, date of transition to FRS 102, and profit have been duly reported as required under FRS 102.