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REGISTERED NUMBER: 10645604 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

P TURNER AND SONS LIMITED

P TURNER AND SONS LIMITED (REGISTERED NUMBER: 10645604)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P TURNER AND SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: G P Turner





REGISTERED OFFICE: 16 Church Street
Jump
Barnsley
South Yorkshire
S74 0HZ





REGISTERED NUMBER: 10645604 (England and Wales)





ACCOUNTANTS: Reed Smith Associates Limited
Copia House
Great Cliffe Court
Great Cliffe Road
Barnsley
South Yorkshire
S75 3SP

P TURNER AND SONS LIMITED (REGISTERED NUMBER: 10645604)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 18,196 21,897

CURRENT ASSETS
Inventories 3,735 3,415
Debtors 5 5,996 11,261
Cash at bank and in hand 450,849 431,928
460,580 446,604
CREDITORS
Amounts falling due within one year 6 93,328 271,423
NET CURRENT ASSETS 367,252 175,181
TOTAL ASSETS LESS CURRENT
LIABILITIES

385,448

197,078

PROVISIONS FOR LIABILITIES 4,549 5,474
NET ASSETS 380,899 191,604

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 380,897 191,602
380,899 191,604

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

P TURNER AND SONS LIMITED (REGISTERED NUMBER: 10645604)

BALANCE SHEET - continued
29 FEBRUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2024 and were signed by:





G P Turner - Director


P TURNER AND SONS LIMITED (REGISTERED NUMBER: 10645604)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

P Turner and Sons 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 15% on cost

Stocks
Inventories 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 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.

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
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.

P TURNER AND SONS LIMITED (REGISTERED NUMBER: 10645604)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Office
machinery equipment Totals
£    £    £   
COST
At 1 March 2023 52,616 46 52,662
Additions 4,768 - 4,768
At 29 February 2024 57,384 46 57,430
DEPRECIATION
At 1 March 2023 30,761 4 30,765
Charge for year 8,454 15 8,469
At 29 February 2024 39,215 19 39,234
NET BOOK VALUE
At 29 February 2024 18,169 27 18,196
At 28 February 2023 21,855 42 21,897

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 5,996 11,261

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 9,357 6,335
Taxation and social security 62,288 50,309
Other creditors 21,683 214,779
93,328 271,423

7. ULTIMATE CONTROLLING PARTY

The company is controlled by the director Mr G P Turner by virtue of his controlling shareholding.