IRIS Accounts Production v24.3.2.46 04932631 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh049326312023-05-31049326312024-05-31049326312023-06-012024-05-31049326312022-05-31049326312022-06-012023-05-31049326312023-05-3104932631ns15:EnglandWales2023-06-012024-05-3104932631ns14:PoundSterling2023-06-012024-05-3104932631ns10:Director12023-06-012024-05-3104932631ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3104932631ns10:SmallEntities2023-06-012024-05-3104932631ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3104932631ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3104932631ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3104932631ns10:FullAccounts2023-06-012024-05-310493263112023-06-012024-05-3104932631ns10:Director32023-06-012024-05-3104932631ns10:Director42023-06-012024-05-3104932631ns10:Director52023-06-012024-05-3104932631ns10:Director62023-06-012024-05-3104932631ns10:Director72023-06-012024-05-3104932631ns10:Director82023-06-012024-05-3104932631ns10:Director92023-06-012024-05-3104932631ns10:Director102023-06-012024-05-3104932631ns10:RegisteredOffice2023-06-012024-05-3104932631ns5:CurrentFinancialInstruments2024-05-3104932631ns5:CurrentFinancialInstruments2023-05-3104932631ns5:Non-currentFinancialInstruments2024-05-3104932631ns5:Non-currentFinancialInstruments2023-05-3104932631ns5:ShareCapital2024-05-3104932631ns5:ShareCapital2023-05-3104932631ns5:RevaluationReserve2024-05-3104932631ns5:RevaluationReserve2023-05-3104932631ns5:RetainedEarningsAccumulatedLosses2024-05-3104932631ns5:RetainedEarningsAccumulatedLosses2023-05-3104932631ns5:NetGoodwill2023-06-012024-05-3104932631ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3104932631ns5:PlantMachinery2023-06-012024-05-3104932631ns5:NetGoodwill2023-05-3104932631ns5:NetGoodwill2024-05-3104932631ns5:NetGoodwill2023-05-3104932631ns5:PlantMachinery2023-05-3104932631ns5:PlantMachinery2024-05-3104932631ns5:PlantMachinery2023-05-3104932631ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3104932631ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3104932631ns5:RevaluationReserve2023-05-31
REGISTERED NUMBER: 04932631 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

STREETS TURNER LIMITED

STREETS TURNER LIMITED (REGISTERED NUMBER: 04932631)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STREETS TURNER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr M R Turner
Mr M P J Bradshaw
Mr J Day
Mr B Halstead
Mr R C Lee
Ms L J Lord
Mr A R Manderfield
Mrs L Smith
Mr P F Tutin





REGISTERED OFFICE: Tower House
Lucy Tower Street
Lincoln
LN1 1XW





REGISTERED NUMBER: 04932631 (England and Wales)





ACCOUNTANTS: Streets Turner Limited
Chartered Accountants
9 Victoria Rd
Fulwood
Preston
Lancashire
PR2 8ND

STREETS TURNER LIMITED (REGISTERED NUMBER: 04932631)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 300,000 300,000
Tangible assets 5 10,404 18,405
310,404 318,405

CURRENT ASSETS
Stocks 34,480 34,480
Debtors 6 251,056 412,959
Cash at bank and in hand 133,468 30,743
419,004 478,182
CREDITORS
Amounts falling due within one year 7 142,168 194,145
NET CURRENT ASSETS 276,836 284,037
TOTAL ASSETS LESS CURRENT
LIABILITIES

587,240

602,442

CREDITORS
Amounts falling due after more than one
year

8

26,550

64,679
NET ASSETS 560,690 537,763

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 125,000 125,000
Retained earnings 435,590 412,663
SHAREHOLDERS' FUNDS 560,690 537,763

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

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

STREETS TURNER LIMITED (REGISTERED NUMBER: 04932631)

BALANCE SHEET - continued
31 MAY 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 25 February 2025 and were signed on its behalf by:





Mr M R Turner - Director


STREETS TURNER LIMITED (REGISTERED NUMBER: 04932631)

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


1. STATUTORY INFORMATION

Streets Turner 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 as modified by the revaluation of certain assets.

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

Goodwill
Goodwill was revalued in 2008 by the directors. The current market value of goodwill is in excess of that stated and therefore it has not been amortised.

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.
Plant and machinery etc - 33% on cost and 15% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 12 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST OR VALUATION
At 1 June 2023
and 31 May 2024 300,000
NET BOOK VALUE
At 31 May 2024 300,000
At 31 May 2023 300,000

STREETS TURNER LIMITED (REGISTERED NUMBER: 04932631)

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


4. INTANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 May 2024 is represented by:

Goodwill
£   
Valuation in 2008 125,000
Cost 175,000
300,000

Goodwill was revalued by the directors in 2008.

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 95,480
Additions 1,865
At 31 May 2024 97,345
DEPRECIATION
At 1 June 2023 77,075
Charge for year 9,866
At 31 May 2024 86,941
NET BOOK VALUE
At 31 May 2024 10,404
At 31 May 2023 18,405

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 92,844 144,790
Other debtors 158,212 268,169
251,056 412,959

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 38,069 55,053
Hire purchase contracts - 7,713
Trade creditors 582 5,039
Taxation and social security 102,289 123,687
Other creditors 1,228 2,653
142,168 194,145

STREETS TURNER LIMITED (REGISTERED NUMBER: 04932631)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 26,550 64,679

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 7,713

10. RESERVES
Revaluation
reserve
£   
At 1 June 2023
and 31 May 2024 125,000