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REGISTERED NUMBER: 11187880 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Turner & Hares Limited

Turner & Hares Limited (Registered number: 11187880)

Contents of the Financial Statements
for the Year Ended 28 February 2025










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Turner & Hares Limited

Company Information
for the Year Ended 28 February 2025







DIRECTORS: Miss C E Powney
Miss D E Terndrup



REGISTERED OFFICE: 25 Castle Street
Cirencester
Gloucestershire
GL7 1QD



REGISTERED NUMBER: 11187880 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Lloyds Bank
7 Carter Street
Uttoxeter
ST14 8HD

Turner & Hares Limited (Registered number: 11187880)

Statement of Financial Position
28 February 2025

28/2/25 29/2/24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,758 1,898

CURRENT ASSETS
Stocks 50,255 69,396
Debtors 5 17,437 1,090
Cash in hand 50 50
67,742 70,536
CREDITORS
Amounts falling due within one year 6 60,496 59,423
NET CURRENT ASSETS 7,246 11,113
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,004

13,011

CREDITORS
Amounts falling due after more than one
year

7

9,001

12,500
NET ASSETS 3 511

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1 509
SHAREHOLDERS' FUNDS 3 511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Turner & Hares Limited (Registered number: 11187880)

Statement of Financial Position - continued
28 February 2025


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 27 June 2025 and were signed on its behalf by:





Miss C E Powney - Director


Turner & Hares Limited (Registered number: 11187880)

Notes to the Financial Statements
for the Year Ended 28 February 2025


1. STATUTORY INFORMATION

Turner & Hares 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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 statement of financial position date.

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.

3. EMPLOYEES AND DIRECTORS

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

Turner & Hares Limited (Registered number: 11187880)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 March 2024 5,963 1,419 7,382
Additions 143 416 559
Disposals (208 ) - (208 )
At 28 February 2025 5,898 1,835 7,733
Depreciation
At 1 March 2024 4,065 1,419 5,484
Charge for year 494 139 633
Eliminated on disposal (142 ) - (142 )
At 28 February 2025 4,417 1,558 5,975
Net book value
At 28 February 2025 1,481 277 1,758
At 29 February 2024 1,898 - 1,898

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/25 29/2/24
£    £   
Other debtors 17,437 1,090

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/25 29/2/24
£    £   
Bank loans and overdrafts 15,695 13,225
Trade creditors 22,964 20,434
Taxation and social security 20,446 19,968
Other creditors 1,391 5,796
60,496 59,423

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28/2/25 29/2/24
£    £   
Bank loans 9,001 12,500

Turner & Hares Limited (Registered number: 11187880)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

28/2/25 29/2/24
£    £   
Miss D E Terndrup
Balance outstanding at start of year (17 ) (17 )
Amounts advanced 34,060 24,000
Amounts repaid (18,233 ) (24,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,810 (17 )

Miss C E Powney
Balance outstanding at start of year (4,573 ) (2,573 )
Amounts advanced 23,500 22,000
Amounts repaid (18,233 ) (24,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 694 (4,573 )

The above loans have been repaid in full after the year end. Interest has been charged at HM Revenue and Customs official rate of interest.