IRIS Accounts Production v25.1.0.734 05011486 director 1.2.24 31.1.25 31.1.25 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050114862024-01-31050114862025-01-31050114862024-02-012025-01-31050114862023-01-31050114862023-02-012024-01-31050114862024-01-3105011486ns15:EnglandWales2024-02-012025-01-3105011486ns14:PoundSterling2024-02-012025-01-3105011486ns10:Director12024-02-012025-01-3105011486ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3105011486ns10:SmallEntities2024-02-012025-01-3105011486ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-3105011486ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3105011486ns10:AbridgedAccounts2024-02-012025-01-310501148612024-02-012025-01-3105011486ns10:RegisteredOffice2024-02-012025-01-3105011486ns5:CurrentFinancialInstruments2025-01-3105011486ns5:CurrentFinancialInstruments2024-01-3105011486ns5:ShareCapital2025-01-3105011486ns5:ShareCapital2024-01-3105011486ns5:RetainedEarningsAccumulatedLosses2025-01-3105011486ns5:RetainedEarningsAccumulatedLosses2024-01-3105011486ns5:NetGoodwill2024-02-012025-01-3105011486ns5:IntangibleAssetsOtherThanGoodwill2024-02-012025-01-3105011486ns5:PlantMachinery2024-02-012025-01-3105011486ns5:MotorVehicles2024-02-012025-01-3105011486ns5:ComputerEquipment2024-02-012025-01-3105011486ns5:PlantMachinery2024-01-3105011486ns5:MotorVehicles2024-01-3105011486ns5:ComputerEquipment2024-01-3105011486ns5:PlantMachinery2025-01-3105011486ns5:MotorVehicles2025-01-3105011486ns5:ComputerEquipment2025-01-3105011486ns5:PlantMachinery2024-01-3105011486ns5:MotorVehicles2024-01-3105011486ns5:ComputerEquipment2024-01-31
REGISTERED NUMBER: 05011486 (England and Wales)













TURNER SUPPLIES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025






TURNER SUPPLIES LTD (REGISTERED NUMBER: 05011486)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


TURNER SUPPLIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTOR: Mr S Walker



REGISTERED OFFICE: Back Garden Street
Off Ings Road
Wakefield
West Yorkshire
WF1 1DX



REGISTERED NUMBER: 05011486 (England and Wales)



ACCOUNTANTS: Harrison & Co
Chartered Accountants
531 Denby Dale Road West
Calder Grove
Wakefield
West Yorkshire
WF4 3ND



BANKERS: The Co-operative Bank Plc
PO Box 250
Skelmerdale
WN8 6WT

TURNER SUPPLIES LTD (REGISTERED NUMBER: 05011486)

ABRIDGED BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,456 10,017
9,456 10,017

CURRENT ASSETS
Stocks 11,375 10,250
Debtors 128,823 151,048
Cash at bank 18,865 91,319
159,063 252,617
CREDITORS
Amounts falling due within one year 98,501 122,560
NET CURRENT ASSETS 60,562 130,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,018

140,074

PROVISIONS FOR LIABILITIES 2,364 2,504
NET ASSETS 67,654 137,570

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 67,554 137,470
SHAREHOLDERS' FUNDS 67,654 137,570

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

TURNER SUPPLIES LTD (REGISTERED NUMBER: 05011486)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 14 April 2025 and were signed by:





Mr S Walker - Director


TURNER SUPPLIES LTD (REGISTERED NUMBER: 05011486)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Turner Supplies Ltd 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.

Turnover
Turnover comprises the value of sales (net of value added tax, similar taxes and trade discounts) of goods and services provided in the normal course of business. Turnover is recognised when the goods are despatched, which is the same day on which the goods are delivered and hence is the point at which the risks and rewards of ownership pass to the buyer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, 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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value. Cost is ascertained by the user of the first-in first-out method of cost calculation. Net realisable value is based on an estimated selling price, less further costs to be incurred to completion and disposal. Provision is also made for obsolete, slow-moving and defective items, where appropriate.

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.


TURNER SUPPLIES LTD (REGISTERED NUMBER: 05011486)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2024
and 31 January 2025 30,000
AMORTISATION
At 1 February 2024
and 31 January 2025 30,000
NET BOOK VALUE

At 31 January 2025 -
At 31 January 2024 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2024 8,313 43,416 2,972 54,701
Additions 2,195 - - 2,195
At 31 January 2025 10,508 43,416 2,972 56,896
DEPRECIATION
At 1 February 2024 7,547 34,168 2,969 44,684
Charge for year 444 2,312 - 2,756
At 31 January 2025 7,991 36,480 2,969 47,440
NET BOOK VALUE
At 31 January 2025 2,517 6,936 3 9,456
At 31 January 2024 766 9,248 3 10,017