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REGISTERED NUMBER: 06276299 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

TURNER LOGISTICS (HALIFAX) LIMITED

TURNER LOGISTICS (HALIFAX) LIMITED (REGISTERED NUMBER: 06276299)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


TURNER LOGISTICS (HALIFAX) LIMITED (REGISTERED NUMBER: 06276299)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 72,385 539,349
72,385 539,349

CURRENT ASSETS
Debtors 6 1,154,911 1,136,737
Cash at bank 4,636,512 1,067,794
5,791,423 2,204,531
CREDITORS
Amounts falling due within one year 7 489,930 343,431
NET CURRENT ASSETS 5,301,493 1,861,100
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,373,878

2,400,449

PROVISIONS FOR LIABILITIES 17,384 98,339
NET ASSETS 5,356,494 2,302,110

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,356,394 2,302,010
SHAREHOLDERS' FUNDS 5,356,494 2,302,110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

TURNER LOGISTICS (HALIFAX) LIMITED (REGISTERED NUMBER: 06276299)

BALANCE SHEET - continued
31 AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2024 and were signed on its behalf by:





Mr G Turner - Director


TURNER LOGISTICS (HALIFAX) LIMITED (REGISTERED NUMBER: 06276299)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Turner Logistics (Halifax) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06276299

Registered office: 4 Wharfe Mews
Cliffe Terrace
Wetherby
West Yorkshire
LS22 6LX

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

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.

On 2 June 2023 the business and goodwill were sold for £3,658,671. The company ceased to trade on this date.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill - to the end of expected useful life in February 2020
Franchise cost - to the end of expected useful life in February 2020

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Leasehold property - 10% on cost and straight line over the life of the lease
Fixtures and fittings - 15% on reducing balance and straight line over the life of the lease
Motor vehicles - 25% on reducing balance

All fixed assets are originally recorded at cost.


TURNER LOGISTICS (HALIFAX) LIMITED (REGISTERED NUMBER: 06276299)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost using the effective rate of interest.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 49 (2022 - 63 ) .

TURNER LOGISTICS (HALIFAX) LIMITED (REGISTERED NUMBER: 06276299)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 September 2022 426,825 22,500 449,325
Disposals (426,825 ) (22,500 ) (449,325 )
At 31 August 2023 - - -
AMORTISATION
At 1 September 2022 426,825 22,500 449,325
Eliminated on disposal (426,825 ) (22,500 ) (449,325 )
At 31 August 2023 - - -
NET BOOK VALUE
At 31 August 2023 - - -
At 31 August 2022 - - -

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2022 104,522 90,402 1,127,056 1,321,980
Additions - - 3,034 3,034
Disposals (104,522 ) (90,402 ) (943,481 ) (1,138,405 )
At 31 August 2023 - - 186,609 186,609
DEPRECIATION
At 1 September 2022 100,341 77,126 605,164 782,631
Charge for year 387 1,674 117,899 119,960
Eliminated on disposal (100,728 ) (78,800 ) (608,839 ) (788,367 )
At 31 August 2023 - - 114,224 114,224
NET BOOK VALUE
At 31 August 2023 - - 72,385 72,385
At 31 August 2022 4,181 13,276 521,892 539,349

TURNER LOGISTICS (HALIFAX) LIMITED (REGISTERED NUMBER: 06276299)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 30,590 552,133
Amounts owed by group undertakings 521,023 521,023
Other debtors 48,530 39,794
Directors' current accounts 400,000 -
Tax 135,000 -
Prepayments and accrued income 19,768 23,787
1,154,911 1,136,737

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 37,145 65,714
Social security and other taxes 346,110 146,140
VAT 101,985 72,390
Other creditors - 21,148
Accruals and deferred income 4,690 38,039
489,930 343,431

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.23 31.8.22
£    £   
Within one year - 106,706
Between one and five years - 273
- 106,979

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, a director received an advance from the company, as follows:

£
Cash advanced400,000
Balance at 31 August 2023400,000

10. RELATED PARTY DISCLOSURES

As disclosed in note 9, a member of key management personnel received an advance from the company of £400,000. The advance is interest free and repayable on demand.