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REGISTERED NUMBER: 05968713 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

T J TURNER & SON LTD

T J TURNER & SON LTD (REGISTERED NUMBER: 05968713)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

T J TURNER & SON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: I T Turner





REGISTERED OFFICE: 233 Wolverhampton Road
Sedgley
Dudley
West Midlands
DY3 1QR





REGISTERED NUMBER: 05968713 (England and Wales)





ACCOUNTANTS: Bytheway & Co Accountants Ltd
Heame House
23 Bilston Street
Sedgley
Dudley
West Midlands
DY3 1JA

T J TURNER & SON LTD (REGISTERED NUMBER: 05968713)

BALANCE SHEET
30 NOVEMBER 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 21,000 28,000
Tangible assets 5 166,918 161,638
187,918 189,638

CURRENT ASSETS
Stocks 2,995 2,725
Debtors 6 12,945 69,584
Cash at bank and in hand 7,541 27,738
23,481 100,047
CREDITORS
Amounts falling due within one year 7 81,803 88,988
NET CURRENT (LIABILITIES)/ASSETS (58,322 ) 11,059
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,596

200,697

CREDITORS
Amounts falling due after more than one
year

8

(96,783

)

(101,291

)

PROVISIONS FOR LIABILITIES (32,045 ) (40,410 )
NET ASSETS 768 58,996

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 767 58,995
768 58,996

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

T J TURNER & SON LTD (REGISTERED NUMBER: 05968713)

BALANCE SHEET - continued
30 NOVEMBER 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 4 September 2024 and were signed by:





I T Turner - Director


T J TURNER & SON LTD (REGISTERED NUMBER: 05968713)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

T J Turner & Son Ltd 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.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

T J TURNER & SON LTD (REGISTERED NUMBER: 05968713)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 140,000
AMORTISATION
At 1 December 2022 112,000
Charge for year 7,000
At 30 November 2023 119,000
NET BOOK VALUE
At 30 November 2023 21,000
At 30 November 2022 28,000

T J TURNER & SON LTD (REGISTERED NUMBER: 05968713)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 348,855
Additions 83,724
Disposals (41,263 )
At 30 November 2023 391,316
DEPRECIATION
At 1 December 2022 187,217
Charge for year 55,620
Eliminated on disposal (18,439 )
At 30 November 2023 224,398
NET BOOK VALUE
At 30 November 2023 166,918
At 30 November 2022 161,638

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 December 2022 277,738
Disposals (41,263 )
At 30 November 2023 236,475
DEPRECIATION
At 1 December 2022 123,982
Charge for year 32,727
Eliminated on disposal (18,439 )
At 30 November 2023 138,270
NET BOOK VALUE
At 30 November 2023 98,205
At 30 November 2022 153,756

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 6,636 (11,877 )
Other debtors 6,309 81,461
12,945 69,584

T J TURNER & SON LTD (REGISTERED NUMBER: 05968713)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans and overdrafts 19,498 10,210
Hire purchase contracts 43,741 33,292
Trade creditors 9,727 28,509
Taxation and social security 6,883 13,773
Other creditors 1,954 3,204
81,803 88,988

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/23 30/11/22
£    £   
Bank loans 14,616 24,719
Hire purchase contracts 82,167 76,572
96,783 101,291

T J TURNER & SON LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
T J TURNER & SON LTD

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2023 set out on pages one to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Bytheway & Co Accountants Ltd
Heame House
23 Bilston Street
Sedgley
Dudley
West Midlands
DY3 1JA


4 September 2024