1 November 2022 false No description of principal activity Taxfiler 2024.4 02747038business:PrivateLimitedCompanyLtd2022-11-012023-10-31 027470382022-10-31 027470382022-11-012023-10-31 02747038business:AuditExemptWithAccountantsReport2022-11-012023-10-31 02747038business:FilletedAccounts2022-11-012023-10-31 027470382023-10-31 027470382022-10-31 02747038core:WithinOneYear2023-10-31 02747038core:WithinOneYear2022-10-31 02747038core:AfterOneYear2023-10-31 02747038core:AfterOneYear2022-10-31 02747038core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 02747038core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 02747038core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 02747038core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 02747038core:PreviouslyStatedAmount2023-10-31 02747038core:PreviouslyStatedAmount2022-10-31 02747038business:SmallEntities2022-11-012023-10-31 02747038business:Director12022-11-012023-10-31 02747038countries:EnglandWales2022-11-012023-10-31 02747038business:RegisteredOffice2022-11-012023-10-31 02747038core:PlantMachinery2022-11-012023-10-31 02747038core:MotorVehicles2022-11-012023-10-31 02747038core:FurnitureFittings2022-11-012023-10-31 02747038core:ComputerEquipment2022-11-012023-10-31 02747038core:Goodwill2022-10-31 02747038core:Goodwill2023-10-31 02747038core:Goodwill2022-11-012023-10-31 02747038core:PlantMachinery2022-10-31 02747038core:MotorVehicles2022-10-31 02747038core:FurnitureFittings2022-10-31 02747038core:ComputerEquipment2022-10-31 02747038core:PlantMachinery2023-10-31 02747038core:MotorVehicles2023-10-31 02747038core:FurnitureFittings2023-10-31 02747038core:ComputerEquipment2023-10-31 02747038core:PlantMachinerycore:LeasedAssetsHeldAsLessee2023-10-31 02747038core:PlantMachinerycore:LeasedAssetsHeldAsLessee2022-10-31 02747038core:MotorVehiclescore:LeasedAssetsHeldAsLessee2023-10-31 02747038core:MotorVehiclescore:LeasedAssetsHeldAsLessee2022-10-31 0274703812022-11-012023-10-31 027470382021-11-012022-10-31 iso4217:GBP xbrli:pure
Company Registration No. 02747038 (England and Wales)
R. Turnbull & Sons Ltd. Unaudited accounts for the year ended 31 October 2023
R. Turnbull & Sons Ltd. Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
8,673 
Tangible assets
40,296 
202,569 
Investments
61 
61 
40,357 
211,303 
Current assets
Inventories
38,729 
39,804 
Debtors
128,385 
132,671 
Cash at bank and in hand
136,018 
156,326 
303,132 
328,801 
Creditors: amounts falling due within one year
(169,057)
(163,352)
Net current assets
134,075 
165,449 
Total assets less current liabilities
174,432 
376,752 
Creditors: amounts falling due after more than one year
(84,199)
(122,964)
Provisions for liabilities
Deferred tax
(1,083)
(30,427)
Net assets
89,150 
223,361 
Capital and reserves
Called up share capital
21,020 
21,020 
Profit and loss account
68,130 
202,341 
Shareholders' funds
89,150 
223,361 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by
M Turnbull Director Company Registration No. 02747038
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R. Turnbull & Sons Ltd. Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
R. Turnbull & Sons Ltd. is a private company, limited by shares, registered in England and Wales, registration number 02747038. The registered office is 8 Linnet Court Cawledge Business Park, Hawfinch Drive, Alnwick, Northumberland, NE66 2GD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. Due to the cessation of business after the reporting date, the depreciation rate of plant and machinery has been updated to 20% straight line on original cost to reflect no residual value of assets deemed to be obsolete as a consequence of the business cessation. Assets with a residual value are depreciated to the value expected to be realised in the subsequent accounting period:
Plant & machinery
20% straight line
Motor vehicles
25% on reducing balance
Fixtures & fittings
6% straight line
Computer equipment
3 year straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill has been amortised in full as at the balance sheet date due to the cessation of trading in the subsequent reporting period and deemed to have no residual value.
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R. Turnbull & Sons Ltd. Notes to the Accounts for the year ended 31 October 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2022
11,409 
At 31 October 2023
11,409 
Amortisation
At 1 November 2022
2,736 
Charge for the year
8,673 
At 31 October 2023
11,409 
Net book value
At 31 October 2023
- 
At 31 October 2022
8,673 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 November 2022
496,929 
70,812 
83,518 
15,033 
666,292 
Disposals
(375,497)
(16,750)
- 
(15,033)
(407,280)
At 31 October 2023
121,432 
54,062 
83,518 
- 
259,012 
Depreciation
At 1 November 2022
365,017 
44,119 
44,508 
10,079 
463,723 
Charge for the year
109,895 
16,688 
26,760 
4,954 
158,297 
On disposals
(375,496)
(12,775)
- 
(15,033)
(403,304)
At 31 October 2023
99,416 
48,032 
71,268 
- 
218,716 
Net book value
At 31 October 2023
22,016 
6,030 
12,250 
- 
40,296 
At 31 October 2022
131,912 
26,693 
39,010 
4,954 
202,569 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
12,166 
29,464 
- Motor vehicles
5,530 
21,670 
6
Investments
Other investments 
£ 
Valuation at 1 November 2022
61 
Valuation at 31 October 2023
61 
- 4 -
R. Turnbull & Sons Ltd. Notes to the Accounts for the year ended 31 October 2023
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
126,583 
131,133 
Accrued income and prepayments
1,802 
1,538 
128,385 
132,671 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
19,800 
26,051 
VAT
30,948 
39,693 
Obligations under finance leases and hire purchase contracts
5,530 
17,079 
Trade creditors
82,676 
60,637 
Taxes and social security
12,422 
12,282 
Loans from directors
877 
867 
Accruals
4,554 
4,573 
Deferred income
12,250 
2,170 
169,057 
163,352 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
18,199 
37,999 
Obligations under finance leases and hire purchase contracts
- 
5,530 
Loans from directors
66,000 
66,000 
Deferred income
- 
13,435 
84,199 
122,964 
10
Transactions with related parties
Transactions with Turnbull's Northumbrian Foodhall Ltd during the year Sales £640,844 (2022:£580,823) Staff costs recharged £628,563 (2022:£570,114) Equipment rental costs recharged £117,557 (2022:£117,922) All transactions undertaken at commercial rates. Amounts owed to directors in respect of director current account balances as at 31 October 2023 were £877 (2022: £867) Amounts owed to directors in respect of director loan account balances as at 31 October 2023 were £66,000 (2022: £66,000). The loan is considered to be repayable in more than one year from the balance sheet date.
11
Post balance sheet events
The business retail premises closed in the subsequent reporting period with a view to a permanent cessation of trading.
12
Average number of employees
During the year the average number of employees was 34 (2022: 37).
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