Registration number:
for the Year Ended
Turner & Lambert Limited
Contents
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Turner & Lambert Limited
Company Information
Directors |
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Registered office |
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Bankers |
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Accountants |
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Turner & Lambert Limited
Directors' Report for the Year Ended 31 March 2016
The directors present their report and the unaudited financial statements for the year ended 31 March 2016.
Directors of the company
The directors who held office during the year were as follows:
Small company provisions
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Approved by the Board on
K J Lambert
Director
S J Turner
Director
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Turner & Lambert Limited
for the Year Ended 31 March 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Turner & Lambert Limited for the year ended 31 March 2016 set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) , we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook .
This report is made solely to the Board of Directors of Turner & Lambert Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Turner & Lambert Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Turner & Lambert Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Turner & Lambert Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Turner & Lambert Limited. You consider that Turner & Lambert Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Turner & Lambert Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Lambert Chapman LLP
Chartered Accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB
15 September 2016
Turner & Lambert Limited
Profit and Loss Account for the Year Ended 31 March 2016
Note |
Year ended 31 March 2016
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22 January 2014 to 31 March 2015
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Turnover |
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Cost of sales |
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Gross profit |
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Administrative expenses |
( |
( |
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Other operating income |
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- |
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Operating profit |
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Other interest receivable and similar income |
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Profit on ordinary activities before taxation |
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Tax on profit on ordinary activities |
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Profit for the financial year |
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4
Turner & Lambert Limited
Balance Sheet as at 31 March 2016
Note |
31 March 2016
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31 March 2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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- |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
K J Lambert
Director
S J Turner
Director
5
Turner & Lambert Limited
Notes to the Financial Statements for the Year Ended 31 March 2016
Accounting policies |
Basis of preparation
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Fixtures and fittings |
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Leasehold improvements |
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Office equipment |
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Stock
Deferred tax
Hire purchase and leasing
Operating profit |
Operating profit is stated after charging:
Year ended 31 March 2016
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22 January 2014 to 31 March 2015
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Depreciation of tangible fixed assets |
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Turner & Lambert Limited
Notes to the Financial Statements for the Year Ended 31 March 2016
Taxation |
Tax on profit on ordinary activities
Year ended 31 March 2016
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22 January 2014 to 31 March 2015
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Current tax |
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Corporation tax charge |
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- |
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Deferred tax |
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Origination and reversal of timing differences |
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Total tax on profit on ordinary activities |
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Tangible fixed assets |
Leasehold
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Fixtures and fittings
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Office equipment
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Total
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Cost or valuation |
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At 1 April 2015 |
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- |
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Additions |
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- |
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At 31 March 2016 |
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Depreciation |
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At 1 April 2015 |
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- |
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Charge for the year |
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At 31 March 2016 |
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Net book value |
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At 31 March 2016 |
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At 31 March 2015 |
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- |
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Debtors |
31 March 2016
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31 March 2015
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Trade debtors |
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Other debtors |
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Prepayments and accrued income |
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Turner & Lambert Limited
Notes to the Financial Statements for the Year Ended 31 March 2016
Creditors: Amounts falling due within one year |
31 March 2016
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31 March 2015
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Trade creditors |
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Corporation tax |
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Other taxes and social security |
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Other creditors |
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Directors' current accounts |
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Accruals and deferred income |
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Provisions |
Deferred tax
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Total
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At 1 April 2015 |
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Charged to the profit and loss account |
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At 31 March 2016 |
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Analysis of deferred tax |
31 March 2016
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31 March 2015
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Difference between accumulated depreciation and amortisation and capital allowances |
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Share capital |
Allotted, called up and fully paid shares
31 March 2016 |
31 March 2015 |
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No. |
£ |
No. |
£ |
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Reserves |
Profit and loss account
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Total
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At 1 April 2015 |
634 |
634 |
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Profit for the year |
88 |
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At 31 March 2016 |
722 |
722 |
Turner & Lambert Limited
Notes to the Financial Statements for the Year Ended 31 March 2016
Related party transactions |
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Control |
The company is controlled by the directors who own 100% of the called up share capital.