Company Registration No. NI011754 (Northern Ireland)
RAYMOND TURKINGTON (DECORATIONS) LIMITED
Unaudited accounts
for the year ended 30 June 2019
RAYMOND TURKINGTON (DECORATIONS) LIMITED
Unaudited accounts
Contents
RAYMOND TURKINGTON (DECORATIONS) LIMITED
Company Information
for the year ended 30 June 2019
Directors
Raymond Turkington
Hilary Turkington
Neil Turkington
Company Number
NI011754 (Northern Ireland)
Registered Office
18 Sweep Road
Cookstown
Co Tyrone
BT80 8JW
Accountants
A D Pottie & Co Ltd
1 Church Street
Fintona
Tyrone
BT78 2BR
RAYMOND TURKINGTON (DECORATIONS) LIMITED
Statement of financial position
as at
30 June 2019
Tangible assets
1,470,636
1,539,507
Inventories
222,846
309,532
Cash at bank and in hand
251,624
256,275
Creditors: amounts falling due within one year
(1,240,001)
(1,277,138)
Net current liabilities
(246,136)
(204,417)
Total assets less current liabilities
1,224,500
1,335,090
Creditors: amounts falling due after more than one year
(179,933)
(268,307)
Net assets
1,044,567
1,066,783
Called up share capital
15,000
15,000
Revaluation reserve
(193,419)
(193,419)
Profit and loss account
1,222,986
1,245,202
Shareholders' funds
1,044,567
1,066,783
For the year ending 30 June 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 June 2020 and were signed on its behalf by
Raymond Turkington
Director
Company Registration No. NI011754
RAYMOND TURKINGTON (DECORATIONS) LIMITED
Notes to the Accounts
for the year ended 30 June 2019
RAYMOND TURKINGTON (DECORATIONS) LIMITED is a private company, limited by shares, registered in Northern Ireland, registration number NI011754. The registered office is 18 Sweep Road, Cookstown, Co Tyrone, BT80 8JW.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2018
1,724,032
495,448
10,500
2,229,980
Additions
-
-
7,000
7,000
At 30 June 2019
1,724,032
495,448
17,500
2,236,980
At 1 July 2018
350,000
330,687
9,786
690,473
Charge for the year
50,000
24,714
1,157
75,871
At 30 June 2019
400,000
355,401
10,943
766,344
At 30 June 2019
1,324,032
140,047
6,557
1,470,636
At 30 June 2018
1,374,032
164,761
714
1,539,507
Raw materials
222,846
309,532
RAYMOND TURKINGTON (DECORATIONS) LIMITED
Notes to the Accounts
for the year ended 30 June 2019
Trade debtors
(4,590)
13,267
Amounts due from group undertakings etc.
2,963
2,963
Other debtors
520,932
490,594
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Investments held as current assets
2019
2018
Unlisted investments
90
90
8
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
300,710
304,120
Trade creditors
274,916
294,891
Amounts owed to group undertakings and other participating interests
487,852
501,952
Taxes and social security
71,757
71,693
Other creditors
104,766
104,482
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Creditors: amounts falling due after more than one year
2019
2018
Bank loans
179,933
268,307
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Average number of employees
During the year the average number of employees was 16 (2018: 19).