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REGISTERED NUMBER: 06276299 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

TURNER LOGISTICS (HALIFAX) LIMITED

TURNER LOGISTICS (HALIFAX) LIMITED (REGISTERED NUMBER: 06276299)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


TURNER LOGISTICS (HALIFAX) LIMITED (REGISTERED NUMBER: 06276299)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,276 72,385

CURRENT ASSETS
Debtors 5 2,663,033 1,154,911
Cash at bank 2,754,962 4,636,512
5,417,995 5,791,423
CREDITORS
Amounts falling due within one year 6 418,351 489,930
NET CURRENT ASSETS 4,999,644 5,301,493
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,001,920

5,373,878

PROVISIONS FOR LIABILITIES 569 17,384
NET ASSETS 5,001,351 5,356,494

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,001,251 5,356,394
SHAREHOLDERS' FUNDS 5,001,351 5,356,494

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

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

TURNER LOGISTICS (HALIFAX) LIMITED (REGISTERED NUMBER: 06276299)

BALANCE SHEET - continued
31 AUGUST 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 Board of Directors and authorised for issue on 10 December 2024 and were signed on its behalf by:





Mr G Turner - Director


TURNER LOGISTICS (HALIFAX) LIMITED (REGISTERED NUMBER: 06276299)

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

1. STATUTORY INFORMATION

Turner Logistics (Halifax) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06276299

Registered office: 4 Wharfe Mews
Cliffe Terrace
Wetherby
West Yorkshire
LS22 6LX

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

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.

In 2023 the business and goodwill were sold and the company ceased to trade.

The company now operates as an investment company.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill - to the end of expected useful life in February 2020
Franchise cost - to the end of expected useful life in February 2020

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

All fixed assets are originally recorded at cost.


TURNER LOGISTICS (HALIFAX) LIMITED (REGISTERED NUMBER: 06276299)

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

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost using the effective rate of interest.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 49 ) .

TURNER LOGISTICS (HALIFAX) LIMITED (REGISTERED NUMBER: 06276299)

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

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 September 2023 186,609
Disposals (183,574 )
At 31 August 2024 3,035
DEPRECIATION
At 1 September 2023 114,224
Charge for year 758
Eliminated on disposal (114,223 )
At 31 August 2024 759
NET BOOK VALUE
At 31 August 2024 2,276
At 31 August 2023 72,385

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 335 30,590
Amounts owed by group undertakings 521,023 521,023
Other debtors 68,530 48,530
Directors' current accounts 1,544,057 400,000
Tax 521,119 135,000
Prepayments and accrued income 7,969 19,768
2,663,033 1,154,911

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 8 -
Trade creditors 2,900 37,145
Social security and other taxes 409,882 346,110
VAT 3,061 101,985
Accruals and deferred income 2,500 4,690
418,351 489,930

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

A director was advanced £1,144,057 (2023: £400,000) in the year. At the year end a director owed £1,544,057 (2023: £400,000). There is no interest charged on the loan and it is repayable on demand.