For the year ended 30 November 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05997826
Turborevs Limited
For the year ended 30 November 2016
1
Accountants' Report
2
Balance Sheet
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Notes to the Abbreviated Financial Statements
Turborevs Limited
Accountants' Report
For the year ended 30 November 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
|
ended
30
November
2016
and you consider that the company is exempt from an audit under the Companies Act
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2006
.
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In accordance with your instructions
,
we have compiled these unaudited financial statements in order to assist you
|
to fulfil your statutory responsibilities
,
from the accounting records and information and explanations supplied to us
.
|
Adam & Co Accountants
Adamson House
251 Derby Street
Bolton
Lancashire
BL3 6LA
1 of 4
Notes to the Abbreviated Financial Statements
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Turborevs Limited
For the year ended 30 November 2016
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
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by the shareholders prior to the balance sheet date
.
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Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Plant and Machinery
Improvements to Units
Fixtures and Fittings
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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49,928
1,345
51,273
14,269
4,781
Charge for year
19,050
32,223
35,659
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Notes to the Abbreviated Financial Statements
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Turborevs Limited
For the year ended 30 November 2016
4 of 4