Registered Number 02969776
TURUN UK LTD
Abbreviated Accounts
31 December 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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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 assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
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
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Tangible assets depreciation policy
Fixtures & Fittings - 25% Reducing Balance
Equipment - 25% Reducing Balance
Other accounting policies
The company's parent company is Turun International Inc, a company registered in America. The company's ultimate controlling party is Mr. J. Brasch through his majority shareholding in the parent company. The company was charged general management fees of £365,281 (2014: £87,372) from its parent during the year. The balance owed by the company to its parent by way of trade creditors as at 31 December 2015 was £5,573 (2014: £49,349).
£ | |
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Cost | |
At 1 January 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 December 2015 |
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Depreciation | |
At 1 January 2015 |
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Charge for the year |
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On disposals |
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At 31 December 2015 |
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Net book values | |
At 31 December 2015 | 50,352 |
At 31 December 2014 | 48,679 |