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REGISTERED NUMBER: 09467101 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

TURNER LOGISTICS (YORK) LIMITED

TURNER LOGISTICS (YORK) LIMITED (REGISTERED NUMBER: 09467101)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


TURNER LOGISTICS (YORK) LIMITED (REGISTERED NUMBER: 09467101)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 477,286 653,260
477,286 653,260

CURRENT ASSETS
Debtors 6 419,384 361,599
Cash at bank and in hand 696,801 331,475
1,116,185 693,074
CREDITORS
Amounts falling due within one year 7 514,384 442,894
NET CURRENT ASSETS 601,801 250,180
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,079,087

903,440

CREDITORS
Amounts falling due after more than one
year

8

-

(111,899

)

PROVISIONS FOR LIABILITIES (119,052 ) (163,051 )
NET ASSETS 960,035 628,490

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 959,935 628,390
SHAREHOLDERS' FUNDS 960,035 628,490

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 (YORK) LIMITED (REGISTERED NUMBER: 09467101)

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



Mr N P Turner - Director


TURNER LOGISTICS (YORK) LIMITED (REGISTERED NUMBER: 09467101)

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

1. STATUTORY INFORMATION

Turner Logistics (York) 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: 09467101

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.

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 2022
Franchise cost - to the end of expected useful life in February 2022

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.
Short leasehold - straight line over the life of the lease
Plant and machinery - 25% on reducing balance
Office equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

All fixed assets are originally recorded at cost.

Financial instruments
Bank loans are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

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.


TURNER LOGISTICS (YORK) LIMITED (REGISTERED NUMBER: 09467101)

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

2. ACCOUNTING POLICIES - continued
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 38 (2022 - 31 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 200,000 13,000 213,000
AMORTISATION
At 1 September 2022
and 31 August 2023 200,000 13,000 213,000
NET BOOK VALUE
At 31 August 2023 - - -
At 31 August 2022 - - -

TURNER LOGISTICS (YORK) LIMITED (REGISTERED NUMBER: 09467101)

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

5. TANGIBLE FIXED ASSETS
Short Plant and Office Motor
leasehold machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 September 2022 40,203 32,411 15,016 885,940 973,570
Disposals - - - (72,205 ) (72,205 )
At 31 August 2023 40,203 32,411 15,016 813,735 901,365
DEPRECIATION
At 1 September 2022 40,203 7,687 8,555 263,865 320,310
Charge for year - 2,906 969 155,355 159,230
Eliminated on disposal - - - (55,461 ) (55,461 )
At 31 August 2023 40,203 10,593 9,524 363,759 424,079
NET BOOK VALUE
At 31 August 2023 - 21,818 5,492 449,976 477,286
At 31 August 2022 - 24,724 6,461 622,075 653,260

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 340,994 330,203
Directors' current accounts 37,500 -
Prepayments and accrued income 40,890 31,396
419,384 361,599

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts (see note 9) - 111,756
Trade creditors 36,330 42,343
Social security and other taxes 232,493 80,746
VAT 163,148 130,351
Other creditors 58,581 56,699
Accruals and deferred income 23,832 20,999
514,384 442,894

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts (see note 9) - 111,899

TURNER LOGISTICS (YORK) LIMITED (REGISTERED NUMBER: 09467101)

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

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.8.23 31.8.22
£    £   
Net obligations repayable:
Within one year - 111,756
Between one and five years - 111,899
- 223,655

Non-cancellable operating leases
31.8.23 31.8.22
£    £   
Within one year 80,322 80,322
Between one and five years 68,536 148,859
148,858 229,181

10. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Hire purchase contracts - 223,655

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

£
Cash advanced37,500
Balance at 31 August 202337,500

The advance is interest free and repayable on demand.