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REGISTERED NUMBER: 04618140 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

D.P. TURNER & COMPANY LIMITED

D.P. TURNER & COMPANY LIMITED (REGISTERED NUMBER: 04618140)

Contents of the Financial Statements
for the year ended 30 April 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


D.P. TURNER & COMPANY LIMITED

Company Information
for the year ended 30 April 2024







Directors: D P Turner
Mrs N V Turner
C D Turner





Secretary: Mrs N V Turner





Registered office: C/O Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 04618140 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
D.P. Turner & Company Limited


The following reproduces the text of the report prepared for the directors 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 Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of D.P. Turner & Company Limited for the year ended 30 April 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of D.P. Turner & Company Limited, as a body, in accordance with the terms of our engagement letter dated 19 July 2012. Our work has been undertaken solely to prepare for your approval the financial statements of D.P. Turner & Company Limited and state those matters that we have agreed to state to the Board of Directors of D.P. Turner & Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D.P. Turner & Company Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that D.P. Turner & Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of D.P. Turner & Company Limited. You consider that D.P. Turner & Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of D.P. Turner & Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA


16 September 2024

D.P. TURNER & COMPANY LIMITED (REGISTERED NUMBER: 04618140)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 124,697 102,860
Investments 5 1 1
124,698 102,861

Current assets
Debtors 6 1,067,780 969,163
Cash at bank 22,288 46,218
1,090,068 1,015,381
Creditors
Amounts falling due within one year 7 93,753 124,861
Net current assets 996,315 890,520
Total assets less current liabilities 1,121,013 993,381

Creditors
Amounts falling due after more than one
year

8

-

(2,664

)

Provisions for liabilities 9 (31,174 ) (25,715 )
Net assets 1,089,839 965,002

Capital and reserves
Called up share capital 10 1,000 1,000
Retained earnings 1,088,839 964,002
Shareholders' funds 1,089,839 965,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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

D.P. TURNER & COMPANY LIMITED (REGISTERED NUMBER: 04618140)

Balance Sheet - continued
30 April 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





D P Turner - Director


D.P. TURNER & COMPANY LIMITED (REGISTERED NUMBER: 04618140)

Notes to the Financial Statements
for the year ended 30 April 2024


1. Statutory information

D.P. Turner & Company 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. 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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed off.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover
Turnover 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance and 3% on cost
Fixtures and fittings - 25% on cost and 20% on reducing balance
Motor vehicles - 25% on reducing balance

D.P. TURNER & COMPANY LIMITED (REGISTERED NUMBER: 04618140)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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.

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 (2023 - 3 ) .

D.P. TURNER & COMPANY LIMITED (REGISTERED NUMBER: 04618140)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


4. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 May 2023 38,681 32,725 155,043 226,449
Additions - - 64,578 64,578
Disposals - - (40,801 ) (40,801 )
At 30 April 2024 38,681 32,725 178,820 250,226
Depreciation
At 1 May 2023 27,669 29,665 66,255 123,589
Charge for year 2,245 612 26,974 29,831
Eliminated on disposal - - (27,891 ) (27,891 )
At 30 April 2024 29,914 30,277 65,338 125,529
Net book value
At 30 April 2024 8,767 2,448 113,482 124,697
At 30 April 2023 11,012 3,060 88,788 102,860

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 May 2023
and 30 April 2024 91,345
Depreciation
At 1 May 2023 22,836
Charge for year 17,127
At 30 April 2024 39,963
Net book value
At 30 April 2024 51,382
At 30 April 2023 68,509

D.P. TURNER & COMPANY LIMITED (REGISTERED NUMBER: 04618140)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


5. Fixed asset investments
Other
investments
£   
Cost
At 1 May 2023
and 30 April 2024 5,000
Provisions
At 1 May 2023
and 30 April 2024 4,999
Net book value
At 30 April 2024 1
At 30 April 2023 1

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 109,032 83,040
Other debtors 958,748 886,123
1,067,780 969,163

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts 2,664 30,857
Trade creditors 13,336 12,645
Taxation and social security 73,495 77,326
Other creditors 4,258 4,033
93,753 124,861

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts - 2,664

9. Provisions for liabilities
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 31,174 25,715

D.P. TURNER & COMPANY LIMITED (REGISTERED NUMBER: 04618140)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


9. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 May 2023 25,715
Accelerated capital allowances 5,459
Balance at 30 April 2024 31,174

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
440 Ordinary A 1 440 440
360 Ordinary B 1 360 360
200 Ordinary C 1 200 200
1,000 1,000

11. Related party disclosures

During the year, total dividends of £97,700 (2023 - £75,000) were paid to the directors.