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REGISTERED NUMBER: 03866661 (England and Wales)















TURENTEK (ARCHITECTURAL IRONMONGERY)
LIMITED

Unaudited Financial Statements for the Year Ended 31 May 2024






TURENTEK (ARCHITECTURAL IRONMONGERY)
LIMITED (REGISTERED NUMBER: 03866661)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

TURENTEK (ARCHITECTURAL IRONMONGERY)
LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTORS: J M Ashby
N Aspinshaw
P Henstock





SECRETARY: N Aspinshaw





REGISTERED OFFICE: Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB





REGISTERED NUMBER: 03866661 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

TURENTEK (ARCHITECTURAL IRONMONGERY)
LIMITED (REGISTERED NUMBER: 03866661)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,066 82,943

CURRENT ASSETS
Stocks 163,591 157,022
Debtors 5 648,380 623,957
Cash at bank and in hand 23,339 227
835,310 781,206
CREDITORS
Amounts falling due within one year 6 676,104 651,214
NET CURRENT ASSETS 159,206 129,992
TOTAL ASSETS LESS CURRENT
LIABILITIES

227,272

212,935

CREDITORS
Amounts falling due after more than one
year

7

(11,779

)

(23,559

)

PROVISIONS FOR LIABILITIES (15,454 ) (14,398 )
NET ASSETS 200,039 174,978

CAPITAL AND RESERVES
Called up share capital 174 174
Capital redemption reserve 26 26
Retained earnings 199,839 174,778
SHAREHOLDERS' FUNDS 200,039 174,978

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

TURENTEK (ARCHITECTURAL IRONMONGERY)
LIMITED (REGISTERED NUMBER: 03866661)

Balance Sheet - continued
31 May 2024


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 Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





J M Ashby - Director


TURENTEK (ARCHITECTURAL IRONMONGERY)
LIMITED (REGISTERED NUMBER: 03866661)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Turentek (Architectural Ironmongery) 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 is recognised when goods are physically delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 25% Straight Line

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

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares or non-puttable ordinary shares which are measured at fair value, with changes
recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.


TURENTEK (ARCHITECTURAL IRONMONGERY)
LIMITED (REGISTERED NUMBER: 03866661)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 June 2023 8,544 74,015 40,605 123,164
Additions - - 2,448 2,448
At 31 May 2024 8,544 74,015 43,053 125,612
DEPRECIATION
At 1 June 2023 1,709 14,803 23,709 40,221
Charge for year 854 7,402 9,069 17,325
At 31 May 2024 2,563 22,205 32,778 57,546
NET BOOK VALUE
At 31 May 2024 5,981 51,810 10,275 68,066
At 31 May 2023 6,835 59,212 16,896 82,943

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 551,784 520,098
Other debtors 96,596 103,859
648,380 623,957

TURENTEK (ARCHITECTURAL IRONMONGERY)
LIMITED (REGISTERED NUMBER: 03866661)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 11,779 96,195
Trade creditors 541,879 482,788
Social security and other taxes 105,574 62,114
Other creditors 223 377
Accrued expenses 16,649 9,740
676,104 651,214

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 2-5 years 11,779 23,559

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank overdraft - 84,416

The bank liabilities are secured by a Debenture including First Fixed Charge over book and other debts and uncalled capital, both present and future; and First Floating Charge over all assets and undertaking both present and future.

9. ULTIMATE CONTROLLING PARTY

The Company is under the control of the directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Turentek (Architectural Ironmongery)
Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Turentek (Architectural Ironmongery) Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Turentek (Architectural Ironmongery) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Turentek (Architectural Ironmongery) Limited and state those matters that we have agreed to state to the Board of Directors of Turentek (Architectural Ironmongery) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Turentek (Architectural Ironmongery) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Turentek (Architectural Ironmongery) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Turentek (Architectural Ironmongery) Limited. You consider that Turentek (Architectural Ironmongery) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Turentek (Architectural Ironmongery) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


29 August 2024