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REGISTERED NUMBER: 01223564 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2024

FOR

TURVES GREEN SERVICE STATION LIMITED

TURVES GREEN SERVICE STATION LIMITED (REGISTERED NUMBER: 01223564)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


TURVES GREEN SERVICE STATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







Director: S Radford





Registered office: 71 Turves Green
Birmingham
B31 4AH





Registered number: 01223564 (England and Wales)





Accountants: Athos Business Solutions Limited
1623 Warwick Road
Knowle
Solihull
West Midlands
B93 9LF

TURVES GREEN SERVICE STATION LIMITED (REGISTERED NUMBER: 01223564)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 26,250 29,250
Tangible assets 5 406,674 408,375
432,924 437,625

CURRENT ASSETS
Stocks 90,785 103,025
Debtors 6 1,031,571 933,610
Cash at bank and in hand 30,346 21,685
1,152,702 1,058,320
CREDITORS
Amounts falling due within one year 7 493,704 460,203
NET CURRENT ASSETS 658,998 598,117
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,091,922

1,035,742

CREDITORS
Amounts falling due after more than one
year

8

(757,023

)

(732,834

)

PROVISIONS FOR LIABILITIES (5,400 ) (4,550 )
NET ASSETS 329,499 298,358

TURVES GREEN SERVICE STATION LIMITED (REGISTERED NUMBER: 01223564)

BALANCE SHEET - continued
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 6,000 6,000
Retained earnings 323,499 292,358
329,499 298,358

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.

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 12 May 2025 and were signed by:





S Radford - Director


TURVES GREEN SERVICE STATION LIMITED (REGISTERED NUMBER: 01223564)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Turves Green Service Station 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.

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, being the amount paid in connection with the acquisition of a business in 2023, 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.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures & Fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


TURVES GREEN SERVICE STATION LIMITED (REGISTERED NUMBER: 01223564)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


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.

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 13 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 October 2023
and 30 September 2024 65,600
Amortisation
At 1 October 2023 36,350
Amortisation for year 3,000
At 30 September 2024 39,350
Net book value
At 30 September 2024 26,250
At 30 September 2023 29,250

TURVES GREEN SERVICE STATION LIMITED (REGISTERED NUMBER: 01223564)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. TANGIBLE FIXED ASSETS
Freehold Plant and Fixtures
property machinery & Fittings
£    £    £   
Cost
At 1 October 2023 359,753 167,041 13,816
Additions 11,533 6,576 -
At 30 September 2024 371,286 173,617 13,816
Depreciation
At 1 October 2023 32,735 90,047 10,965
Charge for year 7,376 12,312 427
At 30 September 2024 40,111 102,359 11,392
Net book value
At 30 September 2024 331,175 71,258 2,424
At 30 September 2023 327,018 76,994 2,851

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 October 2023 6,050 - 546,660
Additions - 848 18,957
At 30 September 2024 6,050 848 565,617
Depreciation
At 1 October 2023 4,538 - 138,285
Charge for year 378 165 20,658
At 30 September 2024 4,916 165 158,943
Net book value
At 30 September 2024 1,134 683 406,674
At 30 September 2023 1,512 - 408,375

TURVES GREEN SERVICE STATION LIMITED (REGISTERED NUMBER: 01223564)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 48,919
Amounts owed by group undertakings 322,576 322,576
Other debtors 708,995 562,115
1,031,571 933,610

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 289,696 178,513
Trade creditors 25,066 65,609
Taxation and social security 129,648 162,734
Other creditors 49,294 53,347
493,704 460,203

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 757,023 732,834

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 99,447 54,861

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 36,700 -
Between one and five years 68,325 75,600
105,025 75,600

TURVES GREEN SERVICE STATION LIMITED (REGISTERED NUMBER: 01223564)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 341,910 363,554

The above bank loans are secured by a fixed and floating charge over the assets of the company.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
S Radford
Balance outstanding at start of year 398,838 211,108
Amounts advanced 128,421 187,730
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 527,259 398,838

12. ULTIMATE CONTROLLING PARTY

The controlling party is Radford Sportscars Limited.

Turves Green Service Station Limited is a 100% subsidiary of Radford Sportcars Limited, a company
incorporated in England and its trade is that of a holding company.