UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549

                                   FORM 10-KSB

(x) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE
ACT OF 1934 (FEE REQUIRED)

     For the fiscal year ended    December 31, 2004
                                  -----------------

( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d)OF THE SECURITIES EXCHANGE
ACT OF 1934 (NO FEE REQUIRED)


Commission File number   000-30695
                       ------------

                                  TURINCO, INC.
                                 ---------------
               (Exact name of registrant as specified in charter)

             Nevada                                           87-0618509
--------------------------------------------          --------------------------
State or other jurisdiction of incorporation          (I.R.S. Employer I.D. No.)
or organization

 1981 East  Murray  Holiday  Road  ,  Salt Lake City, Utah        84117
----------------------------------------------------------   -----------------
(Address of principal executive offices)                        (Zip Code)

Issuer's telephone number, including area code   801-272-9294
                                               ----------------

Securities registered pursuant to section 12 (b) of the Act:

Title of each class                   Name of each exchange on which registered
       None                                             None
--------------------                  -----------------------------------------

Securities registered pursuant to section 12 (g ) of the Act:
         Common
----------------------------
    (Title of Class)

Check whether the Issuer (1) filed all reports required to be filed by section
13 or 15 (d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.
(1) Yes [ x ] No [ ]                                         (2) Yes [x ] No [ ]

Check if there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-B is not contained in this form, and no disclosure will be
contained, to the best of the registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of


                                    Page -1-


<PAGE>


this Form 10-KSB or any amendment to this Form 10-KSB.  [  ]

State issuer's revenues for its most recent fiscal year:  $   -
                                                           -------

State the aggregate market value of the voting stock held by nonaffiliates of
the registrant. The aggregate market value shall be computed by reference to the
price at which the stock was sold, or the average bid and asked prices of such
stock, as of a specified date within the past 60 days.

At December 31, 2004, the aggregate market value of the voting stock held by
nonaffiliates is undeterminable and is considered to be 0.

(ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS)

                                 Not applicable

                   (APPLICABLE ONLY TO CORPORATE REGISTRANTS)

As of December 31, 2004, the registrant had 917,000 shares of common stock
issued and outstanding.

                       DOCUMENTS INCORPORATED BY REFERENCE

List hereunder the following documents if incorporated by reference and the part
of the form 10- KSB (e.g., part I, part II, etc.) into which the document is
incorporated: (1) Any annual report to security holders; (2) any proxy or other
information statement; and (3) Any prospectus filed pursuant to rule 424 (b) or
(c) under the Securities Act of 1933: None


















                                    Page -2-


<PAGE>


                                TABLE OF CONTENTS
--------------------------------------------------------------------------------

PART I                                                                      Page
------                                                                      ----

ITEM 1. DESCRIPTION OF BUSINESS                                               4

ITEM 2. DESCRIPTION OF PROPERTIES                                             8

ITEM 3. LEGAL PROCEEDINGS                                                     8

ITEM 4. SUBMISSION OF MATTERS TO VOTE OF SECURITY HOLDERS                     8

PART II

ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS              8

ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION            10

ITEM 7. FINANCIAL STATEMENTS                                                 10

ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING
        AND FINANCIAL DISCLOSURE                                             10

ITEM 8A.CONTROLS AND PROCEDURES                                              10

ITEM 8B.OTHER INFORMATION                                                    11

PART III

ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS, AND CONTROL PERSONS;
        COMPLIANCE WITH SECTION 16 (a) OF THE EXCHANGE ACT                   11

ITEM 10.EXECUTIVE COMPENSATION                                               13

ITEM 11.SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
        AND MANAGEMENT                                                       14

ITEM 12.CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS                       15

PART IV

ITEM 13.EXHIBITS                                                             15

ITEM 14.PRINCIPAL ACCOUNTANT FEES AND SERVICES                               16




                                    Page -3-


<PAGE>

--------------------------------------------------------------------------------

                         ITEM 1. DESCRIPTION OF BUSINESS

--------------------------------------------------------------------------------


History and Organization

General

The Company was incorporated under the laws of the State of Nevada on June 16,
1977 with authorized common stock of 2,500 shares with a par value of $0.25. On
October 16, 1998 the authorized capital stock was increased to 100,000,000
shares with a par value of $0.001.

On October 16, 1998 the Company completed a forward common stock split of eight
shares for each outstanding share. This report has been prepared showing after
stock split shares with a par value of $.001 from inception.

The Company became inactive after 1982 and has since been in the development
stage and has been engaged in the activity of seeking profitable business
opportunities.

This report has been prepared showing after stock split shares with a par value
of $0.001 from inception.


Business.

     Other than the above-referenced matters and seeking and investigating
potential assets, properties or businesses to acquire, the Company has had no
business operations since inception. To the extent that the Company intends to
continue to seek the acquisition of assets, property or business that may
benefit the Company and its stockholders, it is essentially a "blank check"
company. Because the Company has limited assets and conducts no business,
management anticipates that any such acquisition would require it to issue
shares of its common stock as the sole consideration for the acquisition. This
may result in substantial dilution of the shares of current stockholders. The
Company's Board of Directors shall make the final determination whether to
complete any such acquisition; the approval of stockholders will not be sought
unless required by applicable laws, rules and regulations, its Articles of
Incorporation or Bylaws, or contract. The Company makes no assurance that any
future enterprise will be profitable or successful.

     The Company is not currently engaging in any substantive business activity
and has no plans to engage in any such activity in the foreseeable future. In
its present form, the Company may be deemed to be a vehicle to acquire or merge
with a business or company. The Company does not intend to restrict its search
to any particular business or industry, and the areas in which it will seek out
acquisitions, reorganizations or mergers may include, but will not be limited
to, the fields of high technology, manufacturing, natural resources, service,
research and development, communications, transportation, insurance, brokerage,
finance and all medically related fields, among others. The Company recognizes
that the number of suitable potential business ventures that may be available to
it may be extremely limited, and may be restricted to entities who desire to
avoid what these entities may deem to be the adverse factors related to an
initial public offering ("IPO"). The most prevalent of these factors include
substantial time requirements, legal and accounting costs, the inability to
obtain an underwriter who is willing to publicly offer and sell shares, the lack
of or the inability to obtain the required financial statements for such an
undertaking, limitations on the amount of dilution to public investors in
comparison to the stockholders of any such entities, along with other conditions
or requirements imposed by various federal and state securities laws, rules and
regulations. Any of these types of entities, regardless of their prospects,
would require the Company to issue a substantial


                                    Page -4-


<PAGE>


number of shares of its common stock to complete any such acquisition,
reorganization or merger, usually amounting to between 80 and 95 percent of the
outstanding shares of the Company following the completion of any such
transaction; accordingly, investments in any such private entity, if available,
would be much more favorable than any investment in the Company.

     In the event that the Company engages in any transaction resulting in a
change of control of the Company and/or the acquisition of a business, the
Company will be required to file with the Commission a Current Report on Form
8-K within 4 days of such transaction. A filing on Form 8-K also requires the
filing of audited financial statements of the business acquired, as well as pro
forma financial information consisting of a pro forma condensed balance sheet,
pro forma statements of income and accompanying explanatory notes, within
applicable time periods.

     Management intends to consider a number of factors prior to making any
decision as to whether to participate in any specific business endeavor, none of
which may be determinative or provide any assurance of success. These may
include, but will not be limited to an analysis of the quality of the entity's
management personnel; the anticipated acceptability of any new products or
marketing concepts; the merit of technological changes; its present financial
condition, projected growth potential and available technical, financial and
managerial resources; its working capital, history of operations and future
prospects; the nature of its present and expected competition; the quality and
experience of its management services and the depth of its management; its
potential for further research, development or exploration; risk factors
specifically related to its business operations; its potential for growth,
expansion and profit; the perceived public recognition or acceptance of its
products, services, trademarks and name identification; and numerous other
factors which are difficult, if not impossible, to properly or accurately
analyze, let alone describe or identify, without referring to specific objective
criteria.

     Regardless, the results of operations of any specific entity may not
necessarily be indicative of what may occur in the future, by reason of changing
market strategies, plant or product expansion, changes in product emphasis,
future management personnel and changes in innumerable other factors. Further,
in the case of a new business venture or one that is in a research and
development mode, the risks will be substantial, and there will be no objective
criteria to examine the effectiveness or the abilities of its management or its
business objectives. Also, a firm market for its products or services may yet
need to be established, and with no past track record, the profitability of any
such entity will be unproven and cannot be predicted with any certainty.

     Management will attempt to meet personally with management and key
personnel of the entity sponsoring any business opportunity afforded to the
Company, visit and inspect material facilities, obtain independent analysis or
verification of information provided and gathered, check references of
management and key personnel and conduct other reasonably prudent measures
calculated to ensure a reasonably thorough review of any particular business
opportunity; however, due to time constraints of management, these activities
may be limited.

     The Company is unable to predict the time as to when and if it may actually
participate in any specific business endeavor. The Company anticipates that
proposed business ventures will be made available to it through personal
contacts of directors, executive officers and principal stockholders,
professional advisors, broker dealers in securities, venture capital personnel,
members of the financial community and others who may present unsolicited
proposals. In certain cases, the Company may agree to pay a finder's fee or to
otherwise compensate the persons who submit a potential business endeavor in
which the Company eventually participates. Such persons may include the
Company's directors, executive officers, beneficial owners or their affiliates.
In this event, such fees may become a factor in negotiations regarding


                                    Page -5-


<PAGE>


a potential acquisition and, accordingly, may present a conflict of interest for
such individuals.

     In addition, the possibility exists that the Company may acquire or merge
with a business or company in which the Company's executive officers, directors,
beneficial owners or their affiliates may have an ownership interest. Current
Company policy does not prohibit such transactions. Because no such transaction
is currently contemplated, it is impossible to estimate the potential pecuniary
benefits to these persons.

     Further, substantial fees are often paid in connection with the completion
of these types of acquisitions, reorganizations or mergers, ranging from a small
amount to as much as $250,000. These fees are usually divided among promoters or
founders, after deduction of legal, accounting and other related expenses, and
it is not unusual for a portion of these fees to be paid to members of
management or to principal stockholders as consideration for their agreement to
retire a portion of the shares of common stock owned by them. In the event that
such fees are paid, they may become a factor in negotiations regarding any
potential acquisition by the Company and, accordingly, may present a conflict of
interest for such individuals.

    The Company in the past has had and continues to have discussions with
various possible merger or acquisition candidates. However, no definitive
agreement has been entered into between the Company and any such candidate. Even
in the event that such an agreement is entered into between the Company and such
a candidate in the future, it would be subject to many contingencies, any one of
which might fail to be satisfied. In that case any such acquisition or merger
would fail to be consumated.

Principal Products and Services.

     The limited business operations of the Company, as now contemplated,
involve those of a "blank check" company. The only activities to be conducted by
the Company are to manage its current limited assets and to seek out and
investigate the acquisition of any viable business opportunity by purchase and
exchange for securities of the Company or pursuant to a reorganization or merger
through which securities of the Company will be issued or exchanged.

Distribution Methods of the Products or Services.

     Management will seek out and investigate business opportunities through
every reasonably available fashion, including personal contacts, professionals,
securities broker dealers, venture capital personnel, members of the financial
community and others who may present unsolicited proposals; the Company may also
advertise its availability as a vehicle to bring a company to the public market
through a "reverse" reorganization or merger.

Status of any Publicly Announced New Product or Service.

     None; not applicable.

Competitive Business Conditions.

     Management believes that there are literally thousands of "blank check"
companies engaged in endeavors similar to those engaged in by the Company; many
of these companies have substantial current assets and cash reserves.
Competitors also include thousands of other publicly-held companies whose
business operations have proven unsuccessful, and whose only viable business
opportunity is that of providing a publicly-held vehicle through which a private
entity may have access to the public capital markets. There is no reasonable way
to predict the competitive position of the Company or any other entity in the
trata of these endeavors; however, the Company, having limited assets and cash


                                    Page -6-


<PAGE>


reserves, will no doubt be at a competitive disadvantage in competing with
entities which have recently completed IPO's, have significant cash resources
and have recent operating histories when compared with the complete lack of any
substantive operations by the Company for the past several years.

Sources and Availability of Raw Materials and Names of Principal Suppliers.

     None; not applicable.

Dependence on One or a Few Major Customers.

     None; not applicable.

Patents, Trademarks, Licenses, Franchises, Concessions, Royalty Agreements
or Labor Contracts.

     None; not applicable.

Need for any Governmental Approval of Principal Products or Services.

     Because the Company currently produces no products or services, it is not
presently subject to any governmental regulation in this regard. However, in the
event that the Company engages in a merger or acquisition transaction with an
entity that engages in such activities, it will become subject to all
governmental approval requirements to which the merged or acquired entity is
subject.

Effect of Existing or Probable Governmental Regulations on Business.

     The integrated disclosure system for small business issuers adopted by the
Commission in Release No. 34-30968 and effective as of August 13, 1992,
substantially modified the information and financial requirements of a "Small
Business Issuer," defined to be an issuer that has revenues of less than $25
million; is a U.S. or Canadian issuer; is not an investment company; and if a
majority-owned subsidiary, the parent is also a small business issuer; provided,
however, an entity is not a small business issuer if it has a public float (the
aggregate market value of the issuer's outstanding securities held by
non-affiliates) of $25 million or more.

     The Commission, state securities commissions and the North American
Securities Administrators Association, Inc. ("NASAA") have expressed an interest
in adopting policies that will streamline the registration process and make it
easier for a small business issuer to have access to the public capital markets.
The present laws, rules and regulations designed to promote availability to the
small business issuer of these capital markets and similar laws, rules and
regulations that may be adopted in the future will substantially limit the
demand for "blank check" companies like the Company, and may make the use of
these companies obsolete.

Research and Development.

     None; not applicable.

Cost and Effects of Compliance with Environmental Laws.


                                    Page -7-


<PAGE>


     None; not applicable. However, environmental laws, rules and regulations
may have an adverse effect on any business venture viewed by the Company as an
attractive acquisition, reorganization or merger candidate, and these factors
may further limit the number of potential candidates available to the Company
for acquisition, reorganization or merger.

Number of Employees.

     None.


--------------------------------------------------------------------------------

                        ITEM 2. DESCRIPTION OF PROPERTIES

--------------------------------------------------------------------------------

The Company's does not  own any property


--------------------------------------------------------------------------------

                            ITEM 3. LEGAL PROCEEDINGS

--------------------------------------------------------------------------------

None.

--------------------------------------------------------------------------------

          ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITIES HOLDERS

--------------------------------------------------------------------------------

No matters were submitted to a vote of shareholders of the Company during the
fiscal year ended December 31, 2004.

                                     PART II


--------------------------------------------------------------------------------

        ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

--------------------------------------------------------------------------------


Market Information

     There is no "public market" for shares of common stock of the Company.
Although the Company's shares are quoted on the OTC Bulletin Board of the
National Association of Securities Dealers, the Company is unaware of any trades
having been consummated. In any event, no assurance can be given that any market
for the Company's common stock will develop or be maintained.

The ability of an individual shareholder to trade their shares in a particular
state may be subject to various rules and regulations of that state. A number


                                    Page -8-


<PAGE>


of states require that an issuer's securities be registered in their state or
appropriately exempted from registration before the securities are permitted to
trade in that state. Presently, the Company has no plans to register its
securities in any particular state. Further, most likely the Company's shares
will be subject to the provisions of Section 15(g) and Rule 15g-9 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), commonly
referred to as the "penny stock" rule. Section 15(g) sets forth certain
requirements for transactions in penny stocks and Rule 15g-9(d)(1) incorporates
the definition of penny stock as that used in Rule 3a51-1 of the Exchange Act.

     The Commission generally defines penny stock to be any equity security that
has a market price less than $5.00 per share, subject to certain exceptions.
Rule 3a51-1 provides that any equity security is considered to be a penny stock
unless that security is: registered and traded on a national securities exchange
meeting specified criteria set by the Commission; authorized for quotation on
The NASDAQ Stock Market; issued by a registered investment company; excluded
from the definition on the basis of price (at least $5.00 per share) or the
issuer's net tangible assets; or exempted from the definition by the Commission.
If the Company's shares are deemed to be a penny stock, trading in the shares
will be subject to additional sales practice requirements on broker- dealers who
sell penny stocks to persons other than established customers and accredited
investors, generally persons with assets in excess of $1,000,000 or annual
income exceeding $200,000, or $300,000 together with their spouse.

     For transactions covered by these rules, broker-dealers must make a special
suitability determination for the purchase of such securities and must have
received the purchaser's written consent to the transaction prior to the
purchase. Additionally, for any transaction involving a penny stock, unless
exempt, the rules require the delivery, prior to the first transaction, of a
risk disclosure document relating to the penny stock market. A broker- dealer
also must disclose the commissions payable to both the broker-dealer and the
registered representative, and current quotations for the securities. Finally,
monthly statements must be sent disclosing recent price information for the
penny stocks held in the account and information on the limited market in penny
stocks. Consequently, these rules may restrict the ability of broker-dealers to
trade and/or maintain a market in the Company's Common stock and may affect the
ability of shareholders to sell their shares.

Holders

     The number of record holders of the Company's common stock as of the date
of this report is approximately 36. The Company's transfer agent is Interwest
Transfer Company, Inc., 1981 East Murray- Holiday Rd., Salt Lake City, Utah
84117

Dividends

     The Company has not declared any cash dividends with respect to its common
stock and does not intend to declare dividends in the foreseeable future. The
future dividend policy of the Company cannot be ascertained with any certainty,
and until the Company completes any acquisition, reorganization or merger, as to
which no assurance may be given, no such policy will be formulated. There are no
material restrictions limiting, or that are likely to limit, the Company's
ability to pay dividends on its common stock.

Sales of "Unregistered" and "Restricted" Securities Over The Past Three Years.

In December 2003, The Company sold 35,000 shares of its $.001 common stock to
Penney Smith for $2,100 in order to fund expenses of the Company. In April of
2004, the Company sold 40,000 shares each to Melinda K. Orth and Tom Thomsen for
$2,000 each in order to fund expenses of the Company. These transactions are
deemed exempt pursuant to Section 4(2) of the Act.


                                    Page -9-


<PAGE>


--------------------------------------------------------------------------------

        ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

--------------------------------------------------------------------------------


Overview
--------

     The Company has not engaged in any material operations or had any revenues
from operations since inception. The Company's plan of operation for the next 12
months is to continue to seek the acquisition of assets, properties or
businesses that may benefit the Company and its stockholders. Management
anticipates that to achieve any such acquisition, the Company will issue shares
of its common stock as the sole consideration for such acquisition.

Liquidity and Capital Resources
-------------------------------

      As of December 31, 2004, the Company had minimal assets to pay its
liabilities. In the past the Company has paid its expenses by selling shares of
its common stock to its officers and directors and by officers' and
shareholders' contributions to capital. The Company anticipates that it will
continue to pay its expenses by such sale of stock or contributions from its
officers or shareholders.

Results of Operations
---------------------

     The Company is a development stage company and has had no operations during
the fiscal year ended December 31, 2004.


--------------------------------------------------------------------------------

                          ITEM 7. FINANCIAL STATEMENTS

--------------------------------------------------------------------------------

The financial statements of the Company are included following the signature
page to this form 10-KSB.


--------------------------------------------------------------------------------

    ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
                      ACCOUNTING AND FINANCIAL DISCLOSURE

--------------------------------------------------------------------------------


     NONE


--------------------------------------------------------------------------------

                        ITEM 8A. CONTROLS AND PROCEDURES

--------------------------------------------------------------------------------


         Based on an evaluation as of the date of the end of the period covered
by this Form 10-KSB, our Chief Executive Office/ Chief Financial Officer,
conducted an evaluation of the effectiveness of the design and operation of our
disclosure controls and procedures, as required by Exchange Act Rule 13a-15.


                                    Page -10-


<PAGE>


Based on that evaluation, our Chief Executive Officer/ Chief Financial Officer
concluded that our disclosure controls and procedures were effective to ensure
that information required to be disclosed by us in the reports that we file or
submit under the Exchange Act is recorded, processed, summarized and reported
within the time periods specified by the SEC's rules and forms.

Changes in Internal Controls

     There were no significant changes in our internal controls over financial
reporting that occurred during the quarter and year ended December 31, 2004 that
have materially affected, or are reasonably likely to materially affect, our
internal control over financial reporting.

Limitations on the Effectiveness of Controls

     We believe that a control system, no matter how well designed and operated,
cannot provide absolute assurance that the objectives of the control system are
met, and no evaluation of controls can provide absolute assurance that all
control issues and instances of fraud, if any, within a company have been
detected.

--------------------------------------------------------------------------------

                           ITEM 8B. OTHER INFORMATION

--------------------------------------------------------------------------------


     NONE


                                    PART III

--------------------------------------------------------------------------------

        ITEM 9. DIRECTORS AND EXECUTIVE OFFICERS, PROMOTERS, AND CONTROL
           PERSONS; COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT

--------------------------------------------------------------------------------


General
-------

The following table sets forth certain information regarding the current
directors and executive officers of the Company:

Name              Age      Title                       Held Since

Penney L. Smith   27       President, Sec/ Treas and   10/10/03
                           Sole Director


All directors hold office until the next annual meeting of stockholders and
until their successors have been duly elected and qualified. There are no
agreements with respect to the election of directors. The Company has not
compensated its directors for service on the Board of Directors or any committee
thereof. As of the date hereof, no director has accrued any expenses or
compensation. Officers are appointed annually by the Board of Directors and each
executive officer serves at the discretion of the Board of Directors. The
Company does not have any standing committees at this time.


                                   Page -11-


<PAGE>


     No director, Officer, affiliate or promoter of the Company has, within the
past five years, filed any bankruptcy petition, been convicted in or been the
subject of any pending criminal proceedings, or is any such person the subject
or any order, judgment or decree involving the violation of any state or federal
securities laws.

     The Company has no audit committee financial expert, as defined under
Section 228.401, serving on its audit committee because it has no audit
committee and is not required to have an audit committee because it is not a
listed security as defined in Section 240.10A-3.

     The Company has adopted a code of ethics that applies to the Company's
principal executive officer, principal financial officer, principal accounting
officer or controller which was attached hereto as Exhibit 99.1 to its 2003 Form
10KSB. The Company will provide, at no cost, a copy of the Code of Ethics to any
shareholder of the Company upon receiving a written request sent to the
Company's address shown on Page 1 of this report..


     The business experience of each of the persons listed above during the past
five years is as follows:

Penney L. Smith: President, Sec/Treas, and Sole Director

Ms. Smith has been, since October 2001, employed by Discover Financial Of Salt
Lake City, Utah as a Senior Account Manager. Her duties include developing
repayment plans with delinquent accounts, investigating reasons for non-payment,
and recommending further action on non-responding delinquent accounts . In June,
1998 Ms. Smith received a Certificate of Completion in business and
Barbering/Cosmetology from salt Lake Community College. After receiving that
certificate she was employed in the hair styling industry and later in
collections and customer service areas with several employers, including her
current employer.

Compliance with Section 16(a) of the Exchange Act
-------------------------------------------------

 Except as indicated below, to the knowledge of management, during the past five
years, no present or former director, executive officer or person nominated to
become a director or an executive officer of the Company:

(1) filed a petition under the federal bankruptcy laws or any state insolvency
law, nor had a receiver, fiscal agent or similar officer appointed by a court
for the business or property of such person, or any partnership in which he was
a general partner at or within two years before the time of such filing;

(2) was convicted in a criminal proceeding or named subject of a pending
criminal proceeding (excluding traffic violations and other minor offenses);

(3) was the subject of any order, judgment or decree, not subsequently reversed,
suspended or vacated, of any court of competent jurisdiction, permanently or
temporarily enjoining him from or otherwise limiting, the following activities:

          (I) acting as a futures commission merchant, introducing broker,
          commodity trading advisor, commodity pool operator, floor broker,
          leverage transaction merchant, associated person of any of the
          foregoing, or as an investment advisor, underwriter, broker or dealer
          in securities, or as an affiliate person, director or employee of any
          investment company, or engaging in or continuing any conduct or
          practice in connection with such activity;

          (ii) engaging in any type of business practice; or


                                    Page -12-


<PAGE>


          (iii) engaging in any activity in connection with the purchase or sale
          of any security or commodity or in connection with any violation of
          federal or state securities laws or federal commodities laws;

(4) was the subject of any order, judgment, or decree, not subsequently
reversed, suspended, or vacated, of any federal or state authority barring,
suspending or otherwise limiting for more than 60 days the right of such person
to engage in any activity described above under this Item, or to be associated
with persons engaged in any such activity;

(5) was found by a court of competent jurisdiction in a civil action or by the
Securities and Exchange Commission to have violated any federal or state
securities law, and the judgment in such civil action or finding by the
Securities and Exchange Commission has not been subsequently reversed,
suspended, or vacated.

(6) was found by a court of competent jurisdiction in a civil action or by the
Commodity Futures Trading Commission to have violated any federal commodities
law, and the judgement in such civil action or finding by the Commodity Futures
Trading Commission has not been subsequently reversed, suspended or vacated.

Since the Company Registered its shares under Section 12 g of the Securities and
Exchange Act of 1934, the Company knows of no person, who at any time during the
subsequent fiscal years, was a director, officer, beneficial owner of more than
ten percent of any class of equity securities of the registrant registered
pursuant to Section 12 ("Reporting Person"), that failed to file on a timely
basis any reports required to be furnished pursuant to Section 16 (a). Based
upon a review of Forms 3 and 4 furnished to the registrant under Rule 16a- 3(d)
during its most recent fiscal year, other than disclosed below, the registrant
knows of no Reporting Person that failed to file the required reports during the
most recent fiscal year or prior years.

The following table sets forth as of December 31, 2004, the name and position of
each Reporting Person that failed to file on a timely basis any reports required
pursuant to Section 16(a) during the most recent fiscal year or prior years.

     Name                  Position                        Reports Filed
     ----                  --------                        -------------

              NONE


--------------------------------------------------------------------------------

                         ITEM 10. EXECUTIVE COMPENSATION

--------------------------------------------------------------------------------


Cash Compensation

There was no cash compensation paid to any director or executive officer of the
Company during the fiscal years ended December 31, 2004, 2003, and 2002.

Bonuses and Deferred Compensation

None.

Compensation Pursuant to Plans

None.

Pension Table
None.

                                    Page -13-


<PAGE>


Other Compensation
None

Compensation of Directors
None.

Termination of Employment and Change of Control Arrangement

There are no compensatory plans or arrangements, including payments to be
received from the Company, with respect to any person named in Cash Compensation
set out above which would in any way result in payments to any such person
because of his resignation, retirement, or other termination of such person's
employment with the Company or its subsidiaries, or any change in control of the
Company, or a change in the person's responsibilities following a changing in
control of the Company.

--------------------------------------------------------------------------------

    ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

--------------------------------------------------------------------------------


The following table sets forth certain information furnished by current
management concerning the ownership of common stock of the Company as of
December 31, 2004, of (i) each person who is known to the Company to be the
beneficial owner of more than 5 percent of the Common Stock; (ii) all directors
and executive officers; and (iii) directors and executive officers of the
Company as a group:

                                             Amount
Name and Address                          of Beneficial
of Beneficial Owner                         Ownership        Percent of Class

Penney L. Smith(Pres/Sec/
Treas/Dir)                                     35,000              3.8%
1407 West 8780 South
West Jordan, Utah 84088

David Colette                                 170,000             18.5%
2572 E.  Bengal Blvd
Salt Lake City, Utah

Darwin Long *                                  40,000              4.4%
7805 Dolphin Circle
Salt Lake City, Utah 84121

Jackie Long *                                  16,000              1.7%
7805 Dolphin Circle
Salt Lake City, Utah 84121

Bonnie Ludwig *                                32,000              3.5%
760 Rahas Rd. #10
Elko, Nv. 89801

Leland Ludwig *                                32,000              3.5%
760 Rahas Rd. # 10
Elko, NV 89801

                                   Page -14-


<PAGE>


Allen Moore *                                  24,000              2.6%
3400 Monte Vista Dr.
Caser, WY 82601

Marguerite Moore *                             24,000              2.6%
3400 Monte Vista Dr.
Casper, WY 82601

Gary Lee                                       48,000              5.2%
4700 South 900 East
Salt Lake City, Ut 84117

All officers and
directors as a group                           35,000              3.8%

* Husband and Wife. Although neither party holds over 5%, the rules of the
Securities and Exchange Commission require that husband and wife be aggregated
for ownership thus resulting in over 5% combined ownership.

--------------------------------------------------------------------------------

             ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

--------------------------------------------------------------------------------

Transactions with Management and Others

Except as indicated below, and for the periods indicated, there were no material
transactions, or series of similar transactions, since the beginning of the
Company's last fiscal year, or any currently proposed transactions, or series of
similar transactions, to which the Company was or is to be party, in which the
amount involved exceeds $60,000, and in which any director or executive officer,
or any security holder who is known by the Company to own of record or
beneficially more than 5% of any class of the Company's common stock, or any
member of the immediate family of any of the foregoing persons, has an interest.

Indebtedness of Management

There were no material transactions, or series of similar transactions, since
the beginning of the Company's last fiscal year, or any currently proposed
transactions, or series of similar transactions, to which the Company was or is
to be a party, in which the amount involved exceeds $60,000 and in which any
director or executive officer, or any security holder who is known to the
Company to own of record or beneficially more than 5% of any class of the
Company's common stock, or any member of the immediate family of any of the
foregoing persons, has an interest.

Transactions with Promoters

There have no material transactions between the Company and its promoters or
founders.


--------------------------------------------------------------------------------

                    ITEM 13. EXHIBITS AND REPORTS ON FORM 8-K

--------------------------------------------------------------------------------


(a) (1) Financial Statements. The following financial statements are included in
this report:


                                    Page -15-


<PAGE>


Title of Document                                                           Page
-----------------                                                           ----

Report of Madsen & Associates CPA's, Inc.,
 Certified Public Accountants                                                18

Balance Sheet as of December 31, 2004                                        19

Statements of Operations for years ended December 31, 2004,
 and 2003 and the period June 17, 1977 to December 31, 2004                  20

Statements of Changes in Stockholders' Equity for the period
 June 17, 1977 to December 31, 2004                                          21

Statements of Cash Flows for the years ended December 31, 2004,
 and 2003 and the period June 17, 1977 to December 31, 2004                  23

Notes to Financial Statements                                                24

(a)(2) Financial Statement Schedules. The following financial statement
schedules are included as part of this report:

None.

(a)(3) Exhibits. The following exhibits are included as part of this report by
reference:

Exhibit 3(i)      Articles of Incorporation*
Exhibit 3(ii)     Bylaws*
Exhibit 14        Code of Ethics**
Exhibit 31.1      Rule 13a-14(a)/15d-14(a) Certification.
Exhibit 32.1      Certification by the Chief Executive Officer/Acting Chief
                  Financial Officer Relating to a Periodic Report Containing
                  Financial Statements.***

(b)  Reports on Form 8-K.

There were no reports filed on Form 8-K during the period covered by this
report.

* Incorporated by reference. Filed as exhibit to 10SB12G filed May 24, 2000

**Incorporated by reference. Filed as exhibit to 2003 10KSB filed March 29, 2004

***The Exhibit attached to this Form 10-K shall not be deemed "filed" for
purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange
Act") or otherwise subject to liability under that section, nor shall it be
deemed incorporated by reference in any filing under the Securities Act of 1933,
as amended, or the Exchange Act, except as expressly set forth by specific
reference in such filing.

--------------------------------------------------------------------------------

                 ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

--------------------------------------------------------------------------------

Audit Fee
---------

The aggregate fees billed for each of the last two fiscal years for professional
services rendered by the principal account for the audit of Turinco's annual
financial statement and review of financial statements included in Turinco's


                                    Page -16-


<PAGE>


10-QSB reports and services normally provided by the accountant in connection
with statutory and regulatory filings or engagements were $2,690.00 for fiscal
year ended 2003 and $2,930.00 for fiscal year ended 2004.

Audit-Related Fees
------------------

The aggregate fees billed in each of the last two fiscal years for assurance and
related services by the principal accountant that are reasonably related to the
performance of the audit or review of Turinco's financial statements that are
not reported above were $ -0- for fiscal years ended 2003 and 2004.

Tax Fees
--------

The aggregate fees billed in each of the last two fiscal years for professional
services rendered by the principal accountant for tax compliance, tax advise,
and tax planning were $150.00 for fiscal year ended 2003 and $150.00 for fiscal
year ended 2004.

All Other Fees
--------------

The aggregate fees billed in each of the last two fiscal years for products and
services provided by the principal accountant, other than the services reported
above were $ -0- for fiscal years ended 2003 and 2004.

We do not have an audit committee currently serving and as a result our board of
directors performs the duties of an audit committee. Our board of directors will
evaluate and approve in advance, the scope and cost of the engagement of an
auditor before the auditor renders audit and non-audit services. We do not rely
on pre- approval policies and procedures.


--------------------------------------------------------------------------------

                                   SIGNATURES

--------------------------------------------------------------------------------


     Pursuant to the requirements of Section 13 or 15 (d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

                                      TURINCO, INC.
                                      (Registrant)

                                      By: S/ Penney L. Smith
                                          --------------------------------------
                                             Penney L. Smith
                                             President and Director

Dated: 21st of February, 2005.




     Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following person on behalf of the registrant
and in the capacities indicated on the 21st day of February, 2005.


S/ Penney L. Smith
---------------------------------------
Penney L. Smith
Sole Director, President, and Treasurer


                                    Page -17-


<PAGE>


MADSEN & ASSOCIATES, CPA's INC.                            684 East Vine St, # 3
-------------------------------                               Murray, Utah 84107
Certified Public Accountants and Business Consultants     Telephone 801-268-2632
                                                                Fax 801-262-3978



Board of Directors
Turinco, Inc.
Salt Lake City, Utah

          REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We have audited the  accompanying  balance sheet of Turinco,  Inc. ( development
stage  company) at December 31, 2004 and the related  statements of  operations,
stockholders'  equity, and cash flows for the years ended December 31, 2004, and
2003 and the period June 16, 1977 (date of  inception)  to  December  31,  2004.
These financial  statements are the responsibility of the Company's  management.
Our responsibility is to express an opinion on these financial  statements based
on our audits . We conducted our audit in  accordance  with the standards of the
Public Company  Accounting  Oversight  Board (United  States).  Those  standards
require that we plan and perform the audit to obtain reasonable  assurance about
whether the financial  statements  are free of material  misstatement.  An audit
includes  examining,  on a test  basis,  evidence  supporting  the  amounts  and
disclosures in the financial  statements.  An audit also includes  assessing the
accounting principles used and significant estimates made by management, as well
as evaluating the overall financial statement presentation.  We believe that our
audits provide a reasonable basis for our opinion.

In our opinion,  the financial  statements  referred to above present fairly, in
all material respects,  the financial position of Turinco,  Inc. at December 31,
2004 and the results of operations,  and cash flows for the years ended December
31,  2004,  and 2003 and the period  June 16,  1977 to  December  31,  2004,  in
conformity with accounting principles generally accepted in the United States of
America.

The  accompanying  financial  statements  have been  prepared  assuming that the
Company  will  continue  as a going  concern.  The  Company  does  not  have the
necessary  working capital to service its debt and pursue its planned  activity,
which raises substantial doubt about its ability to continue as a going concern.
Management's  plans in regard to these matters are described in the notes to the
financial statements.  These financial statements do not include any adjustments
that might result from the outcome of this uncertainty.


February 11,  2005
Salt Lake City, Utah                 s/Madsen & Associates, CPA's Inc.


                                    Page -18-


<PAGE>


                                  TURINCO, INC.
                           (Development Stage Company)
                                  BALANCE SHEET
                                December 31, 2004

--------------------------------------------------------------------------------


ASSETS
CURRENT ASSETS

   Cash                                                                $  1,232
                                                                       --------

       Total Current Assets                                            $  1,232
                                                                       ========


LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES

   Accounts payable                                                    $   --
                                                                       --------

       Total Current Liabilities                                           --
                                                                       --------


STOCKHOLDERS' EQUITY

   Common stock
        100,000,000 shares authorized, at $0.001 par value;
         917,000 shares issued and outstanding                              917

   Capital in excess of par value                                        95,646

    Deficit accumulated during the development stage                    (95,331)
                                                                       --------

       Total Stockholders' Equity                                      $  1,232
                                                                       ========
















   The accompanying notes are an integral part of these financial statements.



                                    Page -19-


<PAGE>


                                  TURINCO, INC.
                          ( Development Stage Company)
                            STATEMENTS OF OPERATIONS
            For the Years Ended December 31, 2004, and 2003 and the
         Period June 16, 1977 (date of inception) to December 31, 2004

--------------------------------------------------------------------------------


                                       Dec 31,       Dec 31,     Jun 16, 1977 to
                                         2004          2003        Dec  31, 2004
                                      ---------     ---------    ---------------

REVENUES                              $    --       $    --           $    --

EXPENSES

    Administrative                        4,235         3,650            95,331
                                      ---------     ---------         ---------

NET LOSS                              $  (4,235)    $  (3,650)        $ (95,331)
                                      =========     =========         =========




NET LOSS PER COMMON
   SHARE

   Basic and diluted                  $    --       $    --
                                      ---------     ---------



AVERAGE  OUTSTANDING
    SHARES

     Basic                              897,000       802,000
                                      ---------     ---------



   The accompanying notes are an integral part of these financial statements.



















                                    Page -20-


<PAGE>

<TABLE>
<CAPTION>
                                      TURINCO, INC.
                               (Development Stage Company)
                       STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
                      Period from June 16, 1977 (date of inception)
                                   to December 31, 2004

-----------------------------------------------------------------------------------------

                                                Common Stock     Capital in
                                                ------------      Excess of  Accumulated
                                              Shares     Amount   Par Value    Deficit
                                             --------   --------  ----------  --------
<S>                                          <C>        <C>       <C>         <C>
Balance June 16,  1977 (date of inception)       --     $   --     $   --     $   --
Issuance of common stock for services          96,000         96     11,904       --
 at $.125 - December 4, 1981
Issuance of common stock for cash              64,000         64      7,936       --
   at $.125 - December 12, 1981
Net operating loss for the year ended
    December 31, 1981                            --         --         --      (12,000)
Issuance of common stock for cash
    at $.0625 - January  10, 1982             192,000        192     11,808       --
Issuance of common stock for cash
    at $.125  - January 27, 1982               76,000         76      9,424       --
Issuance of common stock for cash
    at $.125 - February 15, 1982               40,000         40      4,960       --
Issuance of common stock for cash
    at $.125 - April 10, 1982                  40,000         40      4,960       --
Issuance of common stock for cash
    at $.125  - May 15, 1982                  104,000        104     12,896       --
Net operating loss for year ended
    December 31, 1982                            --         --         --      (52,500)
Issuance of common stock for cash
    at $.125 - September 11, 1998              40,000         40      4,960       --
Net operating loss for the year ended
   December 31, 1998                             --         --         --       (5,000)
Contributions to capital -expenses - 1999        --         --          100       --
Issuance of common stock for expenses
   at $.05 - December 10, 1999                150,000        150      7,350       --
Net operating loss for the year ended
    December 31, 1999                            --         --         --       (8,285)
Contributions to capital - expenses                         --        3,261       --
Net operating loss for the year
    ended December 31, 2000                      --         --         --       (3,976)
Contributions to capital - expenses              --         --        3,655       --
Net operating loss for the year
    ended December 31, 2001                      --         --         --       (2,255)


                                        Page -21-
</TABLE>

<PAGE>

<TABLE>
<CAPTION>

                                      TURINCO, INC.
                               (Development Stage Company)
                 STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - continued
                      Period from June 16, 1977 (Date of Inception)
                                   to December 31, 2004

-----------------------------------------------------------------------------------------

                                                Common Stock     Capital in
                                                ------------      Excess of  Accumulated
                                              Shares     Amount   Par Value    Deficit
                                             --------   --------  ----------  --------
<S>                                          <C>        <C>       <C>         <C>
Contributions to capital - expenses              --         --        3,430       --
Net operating loss for the year
    ended December 31, 2002                      --         --         --       (3,430)
Issuance of common stock for cash
  at $.06 - December 2003                      35,000         35      2,065       --
Contributions to capital - expenses              --         --        3,017       --
Net operating loss for the year ended
   December 31, 2003                             --         --         --       (3,650)
                                             ------------------------------------------

Balance December 31, 2003                     837,000        837     91,726    (91,096)

Issuance of common stock for cash
  at $.05 - April 2004                         80,000         80      3,920       --
Net operating loss for the year ended
   December 31, 2004                             --         --         --       (4,235)

                                             ------------------------------------------

Balance December 31, 2004                     917,000   $    917   $ 95,646   $(95,331)
                                             ========   ========   ========   ========















       The accompanying notes are an integral part of these financial statements.




                                        Page -22-
</TABLE>

<PAGE>


                                  TURINCO, INC.
                           (Development Stage Company)
                             STATEMENT OF CASH FLOWS
            For the Years Ended December 31, 2004, and 2003 and the
         Period June 16, 1977 (Date of Inception) to December 31, 2004

--------------------------------------------------------------------------------

                                                                    Jun 16, 1977
                                                Dec 31,     Dec 31,   to Dec 31,
                                                 2004        2003        2004
                                               --------    -------- ------------
CASH FLOWS FROM
 OPERATING ACTIVITIES

 Net loss                                      $ (4,235)   $ (3,650)   $(95,331)

  Adjustments to reconcile net loss to
  net cash provided by operating activities

  Changes in accounts payable                      --          --          --
  Contributions to capital - expenses              --         3,017      13,463
  Common stock for services and expenses           --          --        19,500
                                               --------    --------    --------
    Net Cash Used in Operations                  (4,235)       (633)    (62,368)
                                               --------    --------    --------

CASH FLOWS FROM INVESTING
 ACTIVITIES                                        --          --          --
                                               --------    --------    --------

CASH FLOWS FROM FINANCING
 ACTIVITIES

  Proceeds from issuance of common stock          4,000       2,100      63,600
                                               --------    --------    --------
  Net Increase (Decrease) in Cash                  (235)      1,467       1,232

  Cash at Beginning of Period                     1,467        --          --
                                               --------    --------    --------

  Cash at End of Period                        $  1,232    $  1,467    $  1,232
                                               ========    ========    ========


NON CASH FLOWS FROM OPERATING ACTIVITIES
  Issuance of  96,000 common shares for services
   - related parties - 1981                                            $12,000
                                                                       -------
  Issuance of 150,000 common shares for expenses
   - related parties - 1999                                              7,500
                                                                       -------
  Contributions to capital - expenses -
   related parties - 2001 - 2003                                        13,463
                                                                       -------


   The accompanying notes are an integral part of these financial statements.






                                    Page -23-


<PAGE>


                                  TURINCO, INC.
                          ( Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                December 31, 2004

--------------------------------------------------------------------------------

1. ORGANIZATION

The Company was incorporated under the laws of the State of Nevada on June 16,
1977 with authorized common stock of 2,500 shares with a par value of $0.25. On
October 16, 1998 the authorized capital stock was increased to 100,000,000
shares with a par value of $0.001.

The Company is in the development stage and has been engaged in the activity of
seeking developmental mining properties however it became inactive after 1982.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Accounting Methods
------------------

The Company recognizes income and expenses based on the accrual method of
accounting.

Dividend Policy
---------------

The Company has not yet adopted a policy regarding payment of dividends.

Income Taxes
------------

The Company utilizes the liability method of accounting for income taxes. Under
the liability method deferred tax assets and liabilities are determined based on
the differences between financial reporting and the tax bases of the assets and
liabilities and are measured using the enacted tax rates and laws that will be
in effect, when the differences are expected to reverse. An allowance against
deferred tax assets is recorded, when it is more likely than not, that such tax
benefits will not be realized.

On December 31, 2004, the Company had a net operating loss carry forward of
$95,331. The income tax benefit of approximately $29,000 from the loss carry
forward has been fully offset by a valuation reserve because the use of the
future tax benefit is undeterminable since the Company has no operations. The
net operating loss will expire in 2025.

Basic and Diluted Net Income (Loss) Per Share
---------------------------------------------

Basic net income (loss) per share amounts are computed based on the weighted
average number of shares actually outstanding. Diluted net income (loss) per
share amounts are computed using the weighted average number of common shares
and common equivalent shares outstanding as if shares had been issued on the
exercise of any common or preferred share rights unless the exercise becomes
antidilutive and then only the basic per share amounts are shown in the report.




                                    Page -24-


<PAGE>


                                  TURINCO, INC.
                          ( Development Stage Company)
                    NOTES TO FINANCIAL STATEMENTS (Continued)
                                December 31, 2004

--------------------------------------------------------------------------------

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Financial Instruments
---------------------

The carrying amounts of financial instruments are considered by management to be
their estimated fair value due their short term maturties.

Financial and Concentrations Risk
---------------------------------

The Company does not have any concentration or related financial credit risk.

Revenue Recognition
-------------------

Revenue will be recognized on the sale and delivery of a product or the
completion of a service provided.

Advertising and Market Development
----------------------------------

The company will expense advertising and market development costs as incurred.

Estimates and Assumptions
-------------------------

Management uses estimates and assumptions in preparing financial statements in
accordance with generally accepted accounting principles. Those estimates and
assumptions affect the reported amounts of the assets and liabilities, the
disclosure of contingent assets and liabilities, and the reported revenues and
expenses. Actual results could vary from the estimates that were assumed in
preparing these financial statements.

Recent Accounting Pronouncements
--------------------------------

The Company does not expect that the adoption of other recent accounting
pronouncements will have a material impact on its financial statements.





                                    Page -25-


<PAGE>


                                  TURINCO, INC.
                          ( Development Stage Company)
                    NOTES TO FINANCIAL STATEMENTS (Continued)
                                December 31, 2004

--------------------------------------------------------------------------------

3. CAPITAL STOCK

During the year 2004 the Company issued 80,000 restricted common shares for cash
of $4,000.

4. SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES

Officers-directors have acquired 22% of the outstanding common stock of the
Company and have made contributions to capital by payment of Company expenses of
$13,463.

5. GOING CONCERN

The Company intends to acquire interests in various business opportunities
which, in the opinion of management, will provide a profit to the Company,
however there is insufficient working capital for any future planned activity
and to service its debt, which raises substantial doubt about its ability to
continue as a going concern.

Continuation of the Company as a going concern is dependent upon obtaining
additional working capital and the management of the Company has developed a
strategy, which it believes will accomplish this objective through additional
contributions to capital by payment of Company expenses, and additional equity
funding which will enable the Company to conduct operations for the coming year.


















                                    Page -26-