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REGISTERED NUMBER: 00842014 (England and Wales)















Unaudited Financial Statements for the Year Ended 5 April 2023

for

A.T.G. Turnbull Limited

A.T.G. Turnbull Limited (Registered number: 00842014)






Contents of the Financial Statements
for the Year Ended 5 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.T.G. Turnbull Limited

Company Information
for the Year Ended 5 April 2023







DIRECTOR: A W H Turnbull





REGISTERED OFFICE: The Farm Office
Prospect Farm
Barnetby
North Lincolnshire
DN38 6EL





REGISTERED NUMBER: 00842014 (England and Wales)






A.T.G. Turnbull Limited (Registered number: 00842014)

Balance Sheet
5 April 2023

5.4.23 5.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,539,047 3,971,170
Investments 5 45,251 45,251
Investment property 6 515,964 515,964
5,100,262 4,532,385

CURRENT ASSETS
Stocks 632,774 455,760
Debtors 7 498,346 376,163
Cash at bank 203,292 565,169
1,334,412 1,397,092
CREDITORS
Amounts falling due within one year 8 586,589 579,547
NET CURRENT ASSETS 747,823 817,545
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,848,085

5,349,930

CREDITORS
Amounts falling due after more than one
year

9

(2,235,229

)

(2,057,997

)

PROVISIONS FOR LIABILITIES (321,358 ) (236,984 )
NET ASSETS 3,291,498 3,054,949

CAPITAL AND RESERVES
Called up share capital 15,000 15,000
Revaluation reserve 11 214,463 214,463
Retained earnings 3,062,035 2,825,486
SHAREHOLDERS' FUNDS 3,291,498 3,054,949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

A.T.G. Turnbull Limited (Registered number: 00842014)

Balance Sheet - continued
5 April 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 November 2023 and were signed by:





A W H Turnbull - Director


A.T.G. Turnbull Limited (Registered number: 00842014)

Notes to the Financial Statements
for the Year Ended 5 April 2023

1. STATUTORY INFORMATION

A.T.G. Turnbull Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 10% straight line
Plant & Machinery - 10%, 20% straight line

Investments
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investments held as fixed assets are shown at cost less provision for impairment

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

A.T.G. Turnbull Limited (Registered number: 00842014)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of change on the net obligation outstanding in each period

Pensions
The company operates a defined contribution person scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 6 April 2022 2,940,920 2,759,465 5,700,385
Additions 555,886 441,410 997,296
Disposals - (352,441 ) (352,441 )
At 5 April 2023 3,496,806 2,848,434 6,345,240
DEPRECIATION
At 6 April 2022 347,899 1,381,316 1,729,215
Charge for year 17,985 388,543 406,528
Eliminated on disposal - (329,550 ) (329,550 )
At 5 April 2023 365,884 1,440,309 1,806,193
NET BOOK VALUE
At 5 April 2023 3,130,922 1,408,125 4,539,047
At 5 April 2022 2,593,021 1,378,149 3,971,170

The net book value of assets held under finance agreements, included above, amounted to £620,957 (2022: £705,871).

Included in Freehold Property is the cost of Freehold Land amounting to £2,878,480 (2022: £2,521,192 ) which is not depreciated.

A.T.G. Turnbull Limited (Registered number: 00842014)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

5. FIXED ASSET INVESTMENTS

Investments Other Trade
in associates Investments Investments Total
COST OR VALUATION £ £ £ £
At 6 April 2022 and 5 April 2023 250 45,000 1 45,251

NET BOOK VALUE
At 5 April 2023 250 45,000 1 45,251

At 5 April 2022 250 - 1 251

Participating interests
The £250 investment in associates represents a 25% participating interest in North Lincs Energy Growers Limited.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2022
and 5 April 2023 515,964
NET BOOK VALUE
At 5 April 2023 515,964
At 5 April 2022 515,964

The 2023 valuations were made by the director of the company, on an open market value for existing use basis.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Trade debtors 465,895 326,249
Other debtors 32,451 49,914
498,346 376,163

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Bank loans and overdrafts 164,327 173,005
Hire purchase contracts 119,483 140,816
Trade creditors 187,911 129,855
Taxation and social security 103,480 102,781
Other creditors 11,388 33,090
586,589 579,547

A.T.G. Turnbull Limited (Registered number: 00842014)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
5.4.23 5.4.22
£    £   
Bank loans 2,003,275 1,798,629
Hire purchase contracts 231,954 259,368
2,235,229 2,057,997

10. SECURED DEBTS

The following secured debts are included within creditors:

5.4.23 5.4.22
£    £   
Bank loans 2,167,602 1,971,634
Hire purchase contracts 351,437 400,184
2,519,039 2,371,818

The net obligations under finance leases and hire purchase contracts are secured against the assets to which they relate.

The bank has a mortgage in place in respect of freehold land, included in bank loans outstanding, which are secured. The bank also has a debenture comprising a fixed and floating charge over all the assets and undertakings of the company both present and future.

11. RESERVES
Revaluation
reserve
£   
At 6 April 2022
and 5 April 2023 214,463

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

5.4.235.4.22
££
Balance owing from director17,42821,735
Interest charged on balance owing 171,002
Maximum outstanding balance within the year 21,97460,682

Interest has been charged at a rate of 2% per annum.

A.T.G. Turnbull Limited (Registered number: 00842014)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

13. RELATED PARTY DISCLOSURES

5.4.23 5.4.22
£ £
Sales to related parties 1,246,989 1,078,277
Purchases from related parties 193,391 155,229
Sales ledger balances owing from related parties 322,842 161,897
Purchase ledger balances owning to related parties 298 -
Loans owing from related parties - 10,016


The related parties are companies in which the director and his immediate family are also directors and have a controlling interest.

14. ULTIMATE CONTROLLING PARTY

The controlling party is A W H Turnbull.