Company Registration No. NI011754 (Northern Ireland)
RAYMOND TURKINGTON (DECORATIONS) LIMITED
Unaudited accounts
for the year ended 30 June 2022
RAYMOND TURKINGTON (DECORATIONS) LIMITED
Unaudited accounts
Contents
RAYMOND TURKINGTON (DECORATIONS) LIMITED
Company Information
for the year ended 30 June 2022
Directors
Hilary Turkington
Neil Turkington
James Turkington
Helen 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 2022
Tangible assets
1,328,823
1,329,954
Inventories
364,299
234,299
Cash at bank and in hand
184,868
193,243
Creditors: amounts falling due within one year
(790,481)
(683,252)
Net current liabilities
(137,756)
(135,268)
Total assets less current liabilities
1,191,067
1,194,686
Creditors: amounts falling due after more than one year
(109,402)
(168,761)
Net assets
1,081,665
1,025,925
Called up share capital
15,000
15,000
Revaluation reserve
(193,419)
(193,419)
Profit and loss account
1,260,084
1,204,344
Shareholders' funds
1,081,665
1,025,925
For the year ending 30 June 2022 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 16 January 2023 and were signed on its behalf by
Hilary Turkington
Director
Company Registration No. NI011754
RAYMOND TURKINGTON (DECORATIONS) LIMITED
Notes to the Accounts
for the year ended 30 June 2022
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.
2
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:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2021
1,224,032
495,448
17,500
1,736,980
Additions
-
-
17,800
17,800
Disposals
-
-
(10,500)
(10,500)
At 30 June 2022
1,224,032
495,448
24,800
1,744,280
At 1 July 2021
-
394,263
12,763
407,026
Charge for the year
-
15,178
3,315
18,493
On disposals
-
-
(10,062)
(10,062)
At 30 June 2022
-
409,441
6,016
415,457
At 30 June 2022
1,224,032
86,007
18,784
1,328,823
At 30 June 2021
1,224,032
101,185
4,737
1,329,954
RAYMOND TURKINGTON (DECORATIONS) LIMITED
Notes to the Accounts
for the year ended 30 June 2022
Amounts falling due within one year
Trade debtors
20,077
13,746
Other debtors
82,523
106,606
6
Investments held as current assets
2022
2021
Unlisted investments
90
90
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
208,920
196,096
Trade creditors
307,816
259,408
Amounts owed to group undertakings and other participating interests
122,888
125,653
Taxes and social security
44,118
30,173
Other creditors
53,516
43,061
Loans from directors
53,223
-
8
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
109,402
168,761
9
Average number of employees
During the year the average number of employees was 19 (2021: 19).