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REGISTERED NUMBER: 13719826 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

L Turrell & Sons Transport Ltd

L Turrell & Sons Transport Ltd (Registered number: 13719826)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


L Turrell & Sons Transport Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: L B Turrell





REGISTERED OFFICE: High Beech Farm House
Rock Hill
Orpington
Kent
BR6 7PJ





REGISTERED NUMBER: 13719826 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
Freedman House
Christopher Wren Yard
117 High Street
Croydon
Surrey
CR0 1QG

L Turrell & Sons Transport Ltd (Registered number: 13719826)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 143,184 69,578

CURRENT ASSETS
Debtors 6 123,653 29,504
Cash at bank - 4,000
123,653 33,504
CREDITORS
Amounts falling due within one year 7 138,647 40,430
NET CURRENT LIABILITIES (14,994 ) (6,926 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,190

62,652

CREDITORS
Amounts falling due after more than one year 8 (103,268 ) (48,886 )

PROVISIONS FOR LIABILITIES (22,960 ) (13,220 )
NET ASSETS 1,962 546

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,961 545
1,962 546

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

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

L Turrell & Sons Transport Ltd (Registered number: 13719826)

Balance Sheet - continued
30 November 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 21 August 2025 and were signed by:





L B Turrell - Director


L Turrell & Sons Transport Ltd (Registered number: 13719826)

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

1. STATUTORY INFORMATION

L Turrell & Sons Transport 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

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.

L Turrell & Sons Transport Ltd (Registered number: 13719826)

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

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 93,000
Additions 112,000
At 30 November 2024 205,000
DEPRECIATION
At 1 December 2023 23,422
Charge for year 38,394
At 30 November 2024 61,816
NET BOOK VALUE
At 30 November 2024 143,184
At 30 November 2023 69,578

L Turrell & Sons Transport Ltd (Registered number: 13719826)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 December 2023 93,000
Additions 112,000
At 30 November 2024 205,000
DEPRECIATION
At 1 December 2023 23,422
Charge for year 38,394
At 30 November 2024 61,816
NET BOOK VALUE
At 30 November 2024 143,184
At 30 November 2023 69,578

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 47,734 27,168
Other debtors 75,919 2,336
123,653 29,504

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 4,720 -
Hire purchase contracts 38,194 17,898
Trade creditors 16,577 -
Taxation and social security 46,107 7,284
Other creditors 33,049 15,248
138,647 40,430

L Turrell & Sons Transport Ltd (Registered number: 13719826)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts 99,909 48,886
Other creditors 3,359 -
103,268 48,886

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

30.11.24 30.11.23
£    £   
L B Turrell
Balance outstanding at start of year 1,325 -
Amounts advanced 50,929 1,325
Amounts repaid (40,524 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,730 1,325

This loan was unsecured, interest free and was fully repaid on 15 April 2025.