IRIS Accounts Production v24.2.0.383 05282938 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh052829382023-01-31052829382024-01-31052829382023-02-012024-01-31052829382022-01-31052829382022-02-012023-01-31052829382023-01-3105282938ns15:EnglandWales2023-02-012024-01-3105282938ns14:PoundSterling2023-02-012024-01-3105282938ns10:Director12023-02-012024-01-3105282938ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3105282938ns10:SmallEntities2023-02-012024-01-3105282938ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3105282938ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3105282938ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3105282938ns10:FullAccounts2023-02-012024-01-310528293812023-02-012024-01-3105282938ns10:OrdinaryShareClass12023-02-012024-01-3105282938ns10:Director22023-02-012024-01-3105282938ns10:Director32023-02-012024-01-3105282938ns10:Director42023-02-012024-01-3105282938ns10:RegisteredOffice2023-02-012024-01-3105282938ns5:CurrentFinancialInstruments2024-01-3105282938ns5:CurrentFinancialInstruments2023-01-3105282938ns5:Non-currentFinancialInstruments2024-01-3105282938ns5:Non-currentFinancialInstruments2023-01-3105282938ns5:ShareCapital2024-01-3105282938ns5:ShareCapital2023-01-3105282938ns5:CapitalRedemptionReserve2024-01-3105282938ns5:CapitalRedemptionReserve2023-01-3105282938ns5:RetainedEarningsAccumulatedLosses2024-01-3105282938ns5:RetainedEarningsAccumulatedLosses2023-01-3105282938ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3105282938ns5:ShortLeaseholdAssetsns5:LandBuildings2023-02-012024-01-3105282938ns5:FurnitureFittings2023-02-012024-01-3105282938ns5:MotorVehicles2023-02-012024-01-3105282938ns5:ComputerEquipment2023-02-012024-01-3105282938ns5:NetGoodwill2023-01-3105282938ns5:NetGoodwill2024-01-3105282938ns5:NetGoodwill2023-01-3105282938ns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-3105282938ns5:FurnitureFittings2023-01-3105282938ns5:MotorVehicles2023-01-3105282938ns5:ComputerEquipment2023-01-3105282938ns5:ShortLeaseholdAssetsns5:LandBuildings2024-01-3105282938ns5:FurnitureFittings2024-01-3105282938ns5:MotorVehicles2024-01-3105282938ns5:ComputerEquipment2024-01-3105282938ns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-3105282938ns5:FurnitureFittings2023-01-3105282938ns5:MotorVehicles2023-01-3105282938ns5:ComputerEquipment2023-01-3105282938ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3105282938ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3105282938ns5:Secured2024-01-3105282938ns5:Secured2023-01-3105282938ns10:OrdinaryShareClass12024-01-31052829381ns10:Director12023-01-31052829381ns10:Director12022-01-31052829381ns10:Director12023-02-012024-01-31052829381ns10:Director12022-02-012023-01-31052829381ns10:Director12024-01-31052829381ns10:Director12023-01-3105282938ns10:Director222023-01-3105282938ns10:Director222022-01-3105282938ns10:Director222023-02-012024-01-3105282938ns10:Director222022-02-012023-01-3105282938ns10:Director222024-01-3105282938ns10:Director222023-01-31
REGISTERED NUMBER: 05282938 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

SOMMERVILLE TURPIN LIMITED

SOMMERVILLE TURPIN LIMITED (REGISTERED NUMBER: 05282938)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOMMERVILLE TURPIN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr W A Turpin
Mr G J Sommerville
Mrs J A Turpin
Mrs A Sommerville





REGISTERED OFFICE: Fleming Court
Leigh Road
Eastleigh
Hampshire
SO50 9PD





BUSINESS ADDRESS: T/a "Graham & Co"
13/15 London Street
Andover
Hampshire
SP10 2NU





REGISTERED NUMBER: 05282938 (England and Wales)






SOMMERVILLE TURPIN LIMITED (REGISTERED NUMBER: 05282938)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 67,251 30,121
67,251 30,121

CURRENT ASSETS
Debtors 7 109,192 65,258
Cash at bank and in hand 36,128 102,904
145,320 168,162
CREDITORS
Amounts falling due within one year 8 182,048 158,649
NET CURRENT (LIABILITIES)/ASSETS (36,728 ) 9,513
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,523

39,634

CREDITORS
Amounts falling due after more than one
year

9

(29,525

)

(739

)

PROVISIONS FOR LIABILITIES - (1,485 )
NET ASSETS 998 37,410

CAPITAL AND RESERVES
Called up share capital 11 212 212
Capital redemption reserve 88 88
Retained earnings 698 37,110
SHAREHOLDERS' FUNDS 998 37,410

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

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

SOMMERVILLE TURPIN LIMITED (REGISTERED NUMBER: 05282938)

BALANCE SHEET - continued
31 JANUARY 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 24 September 2024 and were signed on its behalf by:





Mr W A Turpin - Director


SOMMERVILLE TURPIN LIMITED (REGISTERED NUMBER: 05282938)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Sommerville Turpin 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

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.
Short leasehold - Over the remaining term of the lease
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33.33% straight line

All fixed assets are initially recorded at cost.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

SOMMERVILLE TURPIN LIMITED (REGISTERED NUMBER: 05282938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


3. ACCOUNTING POLICIES - continued

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

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement in administrative expenses.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 20 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 300,000
AMORTISATION
At 1 February 2023
and 31 January 2024 300,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

6. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Office
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 23,542 136,438 30,075 59,347 249,402
Additions - - 60,409 1,207 61,616
Disposals - - (2,370 ) - (2,370 )
At 31 January 2024 23,542 136,438 88,114 60,554 308,648
DEPRECIATION
At 1 February 2023 23,542 124,126 13,277 58,336 219,281
Charge for year - 3,078 19,302 1,252 23,632
Eliminated on disposal - - (1,516 ) - (1,516 )
At 31 January 2024 23,542 127,204 31,063 59,588 241,397
NET BOOK VALUE
At 31 January 2024 - 9,234 57,051 966 67,251
At 31 January 2023 - 12,312 16,798 1,011 30,121

SOMMERVILLE TURPIN LIMITED (REGISTERED NUMBER: 05282938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 51,766 26,832
Other debtors 57,426 38,426
109,192 65,258

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 15,170 5,150
Hire purchase contracts 21,017 7,129
Trade creditors 24,894 27,679
Taxation and social security 101,854 101,555
Other creditors 19,113 17,136
182,048 158,649

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 29,525 739

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 15,170 5,150
Hire purchase contracts 50,542 7,868
65,712 13,018

Bank overdrafts are secured by way of a debenture.

Hire purchase contracts are secured over the fixed assets to which they relate.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
212 Ordinary £1 212 212

12. OTHER FINANCIAL COMMITMENTS

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £59,500 (2023: £73,352).

This amount is in relation to operating lease commitments which are payable over the next 2 years (2023: 3 years).

SOMMERVILLE TURPIN LIMITED (REGISTERED NUMBER: 05282938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mr W A Turpin
Balance outstanding at start of year 23,550 35,188
Amounts advanced 59,372 72,258
Amounts repaid (53,349 ) (83,896 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,573 23,550

Mr G J Sommerville
Balance outstanding at start of year 7,829 35,239
Amounts advanced 42,909 31,300
Amounts repaid (29,209 ) (58,710 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,529 7,829

The loans were unsecured with interest charged at HMRC approved rates and will be repaid within nine months of the year end.