IRIS Accounts Production v25.1.3.33 05282938 Board of Directors 1.2.24 31.1.25 31.1.25 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh052829382024-01-31052829382025-01-31052829382024-02-012025-01-31052829382023-01-31052829382023-02-012024-01-31052829382024-01-3105282938ns15:EnglandWales2024-02-012025-01-3105282938ns14:PoundSterling2024-02-012025-01-3105282938ns10:Director12024-02-012025-01-3105282938ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3105282938ns10:SmallEntities2024-02-012025-01-3105282938ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-3105282938ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3105282938ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3105282938ns10:FullAccounts2024-02-012025-01-310528293812024-02-012025-01-3105282938ns10:OrdinaryShareClass12024-02-012025-01-3105282938ns10:Director22024-02-012025-01-3105282938ns10:Director32024-02-012025-01-3105282938ns10:Director42024-02-012025-01-3105282938ns10:RegisteredOffice2024-02-012025-01-3105282938ns5:CurrentFinancialInstruments2025-01-3105282938ns5:CurrentFinancialInstruments2024-01-3105282938ns5:Non-currentFinancialInstruments2025-01-3105282938ns5:Non-currentFinancialInstruments2024-01-3105282938ns5:ShareCapital2025-01-3105282938ns5:ShareCapital2024-01-3105282938ns5:CapitalRedemptionReserve2025-01-3105282938ns5:CapitalRedemptionReserve2024-01-3105282938ns5:RetainedEarningsAccumulatedLosses2025-01-3105282938ns5:RetainedEarningsAccumulatedLosses2024-01-3105282938ns5:IntangibleAssetsOtherThanGoodwill2024-02-012025-01-3105282938ns5:LandBuildingsns5:ShortLeaseholdAssets2024-02-012025-01-3105282938ns5:FurnitureFittings2024-02-012025-01-3105282938ns5:MotorVehicles2024-02-012025-01-3105282938ns5:ComputerEquipment2024-02-012025-01-3105282938ns5:NetGoodwill2024-01-3105282938ns5:NetGoodwill2025-01-3105282938ns5:NetGoodwill2024-01-3105282938ns5:LandBuildingsns5:ShortLeaseholdAssets2024-01-3105282938ns5:FurnitureFittings2024-01-3105282938ns5:MotorVehicles2024-01-3105282938ns5:ComputerEquipment2024-01-3105282938ns5:LandBuildingsns5:ShortLeaseholdAssets2025-01-3105282938ns5:FurnitureFittings2025-01-3105282938ns5:MotorVehicles2025-01-3105282938ns5:ComputerEquipment2025-01-3105282938ns5:LandBuildingsns5:ShortLeaseholdAssets2024-01-3105282938ns5:FurnitureFittings2024-01-3105282938ns5:MotorVehicles2024-01-3105282938ns5:ComputerEquipment2024-01-3105282938ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3105282938ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3105282938ns5:Secured2025-01-3105282938ns5:Secured2024-01-3105282938ns10:OrdinaryShareClass12025-01-31052829381ns10:Director12024-01-31052829381ns10:Director12023-01-31052829381ns10:Director12024-02-012025-01-31052829381ns10:Director12023-02-012024-01-31052829381ns10:Director12025-01-31052829381ns10:Director12024-01-3105282938ns10:Director222024-01-3105282938ns10:Director222023-01-3105282938ns10:Director222024-02-012025-01-3105282938ns10:Director222023-02-012024-01-3105282938ns10:Director222025-01-3105282938ns10:Director222024-01-31
REGISTERED NUMBER: 05282938 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

SOMMERVILLE TURPIN LIMITED

SOMMERVILLE TURPIN LIMITED (REGISTERED NUMBER: 05282938)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SOMMERVILLE TURPIN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: Mr W A Turpin
Mr G J Sommerville
Mrs J A Turpin
Mrs A Sommerville





REGISTERED OFFICE: Fleming Court
Leigh Road
Eastleigh
Hampshire
SO50 9PD





BUSINESS ADDRESS: T/a "Graham & Co"
13/15 London Street
Andover
Hampshire
SP10 2NU





REGISTERED NUMBER: 05282938 (England and Wales)






SOMMERVILLE TURPIN LIMITED (REGISTERED NUMBER: 05282938)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 9,620 67,251
9,620 67,251

CURRENT ASSETS
Debtors 7 40,855 109,192
Cash at bank and in hand 196,817 36,128
237,672 145,320
CREDITORS
Amounts falling due within one year 8 227,204 182,048
NET CURRENT ASSETS/(LIABILITIES) 10,468 (36,728 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,088

30,523

CREDITORS
Amounts falling due after more than one
year

9

-

29,525
NET ASSETS 20,088 998

CAPITAL AND RESERVES
Called up share capital 11 212 212
Capital redemption reserve 88 88
Retained earnings 19,788 698
SHAREHOLDERS' FUNDS 20,088 998

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 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.

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 21 May 2025 and were signed on its behalf by:



Mr W A Turpin - Director


SOMMERVILLE TURPIN LIMITED (REGISTERED NUMBER: 05282938)

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


1. STATUTORY INFORMATION

Sommerville Turpin 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

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.
Short leasehold - Over the remaining term of the lease
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33.33% straight line

All fixed assets are initially recorded at cost.

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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

SOMMERVILLE TURPIN LIMITED (REGISTERED NUMBER: 05282938)

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


3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company contributes to a defined contribution pension scheme. Contributions payable to the pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement in administrative expenses.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 20 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 300,000
AMORTISATION
At 1 February 2024
and 31 January 2025 300,000
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 -

6. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Office
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2024 23,542 136,438 88,114 60,554 308,648
Additions - - 13,995 2,887 16,882
Disposals - (13,187 ) (102,109 ) (59,347 ) (174,643 )
At 31 January 2025 23,542 123,251 - 4,094 150,887
DEPRECIATION
At 1 February 2024 23,542 127,204 31,063 59,588 241,397
Charge for year - 2,309 16,281 1,072 19,662
Eliminated on disposal - (13,101 ) (47,344 ) (59,347 ) (119,792 )
At 31 January 2025 23,542 116,412 - 1,313 141,267
NET BOOK VALUE
At 31 January 2025 - 6,839 - 2,781 9,620
At 31 January 2024 - 9,234 57,051 966 67,251

SOMMERVILLE TURPIN LIMITED (REGISTERED NUMBER: 05282938)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 19,254 51,766
Other debtors 21,601 57,426
40,855 109,192

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 23,425 15,170
Hire purchase contracts - 21,017
Trade creditors 33,066 24,894
Taxation and social security 155,153 101,854
Other creditors 15,560 19,113
227,204 182,048

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Hire purchase contracts - 29,525

10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank overdrafts 23,425 15,170
Hire purchase contracts - 50,542
23,425 65,712

Bank overdrafts are secured by way of a debenture.

Hire purchase contracts are secured over the fixed assets to which they relate.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
212 Ordinary £1 212 212

12. OTHER FINANCIAL COMMITMENTS

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £165,923 (2024: £59,500).

This amount is in relation to operating lease commitments which are payable over the next 4 years (2024: 2 years).

SOMMERVILLE TURPIN LIMITED (REGISTERED NUMBER: 05282938)

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


13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

2025 2024
£    £   
Mr W A Turpin
Balance outstanding at start of year 29,573 23,550
Amounts advanced 72,343 59,372
Amounts repaid (97,193 ) (53,349 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,723 29,573

Mr G J Sommerville
Balance outstanding at start of year 21,529 7,829
Amounts advanced 39,357 42,909
Amounts repaid (60,886 ) (29,209 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 21,529

The loans were unsecured with interest charged at HMRC approved rates and will be repaid within nine months of the year end.