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REGISTERED NUMBER: 04633425 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

J R TURNBULL LTD

J R TURNBULL LTD (REGISTERED NUMBER: 04633425)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J R TURNBULL LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: J R Turnbull
Mrs L K Turnbull
M Turnbull





SECRETARY: Mrs L K Turnbull





REGISTERED OFFICE: Dunswell Road
Cottingham
Hull
HU16 4JP





REGISTERED NUMBER: 04633425 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

J R TURNBULL LTD (REGISTERED NUMBER: 04633425)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 131,919 104,097
131,919 104,097

CURRENT ASSETS
Stocks 106,200 48,524
Debtors 6 55,263 50,249
Cash at bank 2,767 6,225
164,230 104,998
CREDITORS
Amounts falling due within one year 7 181,047 100,038
NET CURRENT (LIABILITIES)/ASSETS (16,817 ) 4,960
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,102

109,057

CREDITORS
Amounts falling due after more than one year 8 (77,386 ) (68,175 )

PROVISIONS FOR LIABILITIES (18,225 ) (21,873 )
NET ASSETS 19,491 19,009

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 19,391 18,909
SHAREHOLDERS' FUNDS 19,491 19,009

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

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

J R TURNBULL LTD (REGISTERED NUMBER: 04633425)

BALANCE SHEET - continued
31 March 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 October 2024 and were signed on its behalf by:





J R Turnbull - Director


J R TURNBULL LTD (REGISTERED NUMBER: 04633425)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

J R Turnbull Ltd is a private company, limited by shares, registered in England. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in Sterling, which is the functional currency of the company.

The principal activity of the company is landscapers.

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern

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

Turnover is recognised once the service is complete.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery - 20% on cost
Motor vehicles and tractors - 20% on cost

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


J R TURNBULL LTD (REGISTERED NUMBER: 04633425)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
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.

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 14 (2023 - 14 ) .

J R TURNBULL LTD (REGISTERED NUMBER: 04633425)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 100,000
AMORTISATION
At 1 April 2023
and 31 March 2024 100,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Motor
vehicles
Plant and and
machinery tractors Totals
£    £    £   
COST
At 1 April 2023 228,666 280,576 509,242
Additions 27,185 38,294 65,479
At 31 March 2024 255,851 318,870 574,721
DEPRECIATION
At 1 April 2023 207,760 197,385 405,145
Charge for year 13,097 24,560 37,657
At 31 March 2024 220,857 221,945 442,802
NET BOOK VALUE
At 31 March 2024 34,994 96,925 131,919
At 31 March 2023 20,906 83,191 104,097

J R TURNBULL LTD (REGISTERED NUMBER: 04633425)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
and
tractors
£   
COST
At 1 April 2023 102,865
Additions 38,294
At 31 March 2024 141,159
DEPRECIATION
At 1 April 2023 23,037
Charge for year 21,211
At 31 March 2024 44,248
NET BOOK VALUE
At 31 March 2024 96,911
At 31 March 2023 79,828

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 54,681 50,249
Prepayments and accrued income 582 -
55,263 50,249

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 20,602 16,048
Trade creditors 88,860 24,359
Corporation tax 26,809 17,310
Social security and other taxes 7,563 5,986
Wages control 16,525 10,617
VAT 15,721 16,461
Directors' current accounts 717 5,187
Accruals and deferred income 4,250 4,070
181,047 100,038

J R TURNBULL LTD (REGISTERED NUMBER: 04633425)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other loans - 1-2 years 25,833 35,000
Hire purchase contracts 51,553 33,175
77,386 68,175

9. RELATED PARTY DISCLOSURES

The company was under the control of Turnbull family throughout the current and previous periods. Mr J Turnbull, Mrs L Turnbull and and Mr M Turnbull are directors and shareholders.