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REGISTERED NUMBER: SC094619 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Turners Roller Doors Limited

Turners Roller Doors Limited (Registered number: SC094619)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Turners Roller Doors Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Colin David Turner





REGISTERED OFFICE: 30/34 Wilson Place
Nerston
East Kilbride
G74 4QD





REGISTERED NUMBER: SC094619 (Scotland)





ACCOUNTANTS: Accountants Plus
Chartered Certified Accountants
Unit 1 Cadzow Park
82 Muir Street
Hamilton
ML3 6BJ

Turners Roller Doors Limited (Registered number: SC094619)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 306,446 300,363

CURRENT ASSETS
Stocks 39,725 23,669
Debtors 5 51,447 50,454
Cash at bank 15,899 25,074
107,071 99,197
CREDITORS
Amounts falling due within one year 6 168,736 150,464
NET CURRENT LIABILITIES (61,665 ) (51,267 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

244,781

249,096

CREDITORS
Amounts falling due after more than
one year

7

3,750

8,750
NET ASSETS 241,031 240,346

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Fair value reserve 8 212,585 212,585
Retained earnings 3,446 2,761
241,031 240,346

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

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

Turners Roller Doors Limited (Registered number: SC094619)

Statement of Financial Position - continued
30 September 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 director and authorised for issue on 29 November 2024 and were signed by:





Colin David Turner - Director


Turners Roller Doors Limited (Registered number: SC094619)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Turners Roller Doors Limited is a private company, limited by shares , registered in Scotland. 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 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.

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.
Land and buildings - at varying rates on cost
Plant and machinery etc - 33% on cost, 25% on reducing balance, 15% on reducing balance and 10% on reducing balance

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.

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and bank balances
Cash and bank balances are measured at the transaction price.


Turners Roller Doors Limited (Registered number: SC094619)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

Turners Roller Doors Limited (Registered number: SC094619)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 October 2023 270,000 176,074 446,074
Additions - 13,122 13,122
At 30 September 2024 270,000 189,196 459,196
DEPRECIATION
At 1 October 2023 - 145,711 145,711
Charge for year - 7,039 7,039
At 30 September 2024 - 152,750 152,750
NET BOOK VALUE
At 30 September 2024 270,000 36,446 306,446
At 30 September 2023 270,000 30,363 300,363

Included in cost or valuation of land and buildings is freehold land of £ 7,000 (2023 - £ 7,000 ) which is not depreciated.

Cost or valuation at 30 September 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2019 173,722 - 173,722
Cost 96,278 189,196 285,474
270,000 189,196 459,196

If land and buildings had not been revalued they would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 96,278 96,278
Aggregate depreciation 38,863 38,863

Value of land in freehold land and buildings 7,000 7,000

Land and buildings were valued on an open market basis on 30 September 2019 by the director .

Turners Roller Doors Limited (Registered number: SC094619)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 26,464 50,454
Directors' current accounts 20,871 -
VAT 4,112 -
51,447 50,454

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 33,598 70,747
Trade creditors 112,899 42,590
Corporation tax 8,854 7,167
Social security and other taxes 4,031 4,005
VAT - 15,529
Other creditors 4,744 5,687
Pension creditor 854 828
Directors' current accounts - 26
Accrued expenses 3,756 3,885
168,736 150,464

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 3,750 8,750

8. RESERVES
Fair
value
reserve
£   
At 1 October 2023
and 30 September 2024 212,585

Turners Roller Doors Limited (Registered number: SC094619)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
Colin David Turner
Balance outstanding at start of year - -
Amounts advanced 20,871 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,871 -