2024-06-30 04750307 2025-06-29 04750307 2024-06-30 2025-06-29 04750307 2024-06-29 04750307 2023-06-30 2024-06-29 04750307 uk-core:WithinOneYear 2024-06-29 04750307 uk-core:WithinOneYear 2025-06-29 04750307 uk-core:ShareCapital 2025-06-29 04750307 uk-core:ShareCapital 2024-06-29 04750307 uk-core:RetainedEarningsAccumulatedLosses 2025-06-29 04750307 uk-core:RetainedEarningsAccumulatedLosses 2024-06-29 04750307 uk-bus:Director1 2024-06-30 2025-06-29 04750307 uk-core:NetGoodwill 2024-06-30 2025-06-29 04750307 uk-core:Buildings 2024-06-30 2025-06-29 04750307 uk-core:OfficeEquipment 2024-06-30 2025-06-29 04750307 uk-core:FurnitureFittingsToolsEquipment 2024-06-30 2025-06-29 04750307 uk-core:Goodwill 2024-06-29 04750307 uk-core:Goodwill 2024-06-30 2025-06-29 04750307 uk-core:Goodwill 2025-06-29 04750307 uk-core:OfficeEquipment 2024-06-29 04750307 uk-core:FurnitureFittingsToolsEquipment 2024-06-29 04750307 uk-core:Buildings 2024-06-29 04750307 uk-core:Buildings 2025-06-29 04750307 uk-core:FurnitureFittingsToolsEquipment 2025-06-29 04750307 uk-core:OfficeEquipment 2025-06-29 04750307 uk-core:WithinOneYear 2024-06-30 2025-06-29 04750307 2 uk-bus:Director1 2024-06-30 2025-06-29 04750307 2 uk-bus:Director1 2025-06-29 04750307 2 uk-bus:Director1 2024-06-29 iso4217:GBP xbrli:pure 04750307 uk-bus:AuditExempt-NoAccountantsReport 2024-06-30 2025-06-29 04750307 uk-bus:FRS102 2024-06-30 2025-06-29 04750307 uk-bus:FilletedAccounts 2024-06-30 2025-06-29 04750307 uk-bus:PrivateLimitedCompanyLtd 2024-06-30 2025-06-29
Turnbull & Co Accountants Limited
Registered Number:04750307
For the year ended 29 June 2025
England and Wales
Unaudited Financial Statements
2
For the year ended 29 June 2025
Turnbull & Co Accountants Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04750307
As at 29 June 2025
Turnbull & Co Accountants Limited
Statement of Financial Position
£
£
2024
2025
Notes
Fixed assets
Property, plant and equipment
1,786
2,812
3
1,786
2,812
Current assets
Inventories
26,689
27,634
4
Trade and other receivables
65,352
68,393
5
50,633
Cash and cash equivalents
34,730
130,757
142,674
Trade and other payables: amounts falling due within one
year
(49,126)
(51,238)
6
93,548
79,519
Net current assets
Total assets less current liabilities
81,305
96,360
(398)
(531)
Provisions for liabilities
80,907
Net assets
95,829
Capital and reserves
Called up share capital
1
1
Retained earnings
80,906
95,828
80,907
95,829
Shareholders' funds
For the year ended 29 June 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 2025 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
I J Taberner Director
These financial statements were approved and authorised for issue by the Board on 01 September 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 29 June 2025
Turnbull & Co Accountants Limited
Notes to the Financial Statements
Statutory Information
Turnbull & Co Accountants Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04750307.
Registered address:
PIlgrim House
Oxford Place
Plymouth
Devon
PL1 5AJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention.
Revenue recognition
Turnover represents income from the provision of accountnacy and taxation services at invoice value, excluding value added tax.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business is being amortised evenly over its estimated useful life of 20 years.
Property, plant and equipment
Tangible fixed assets are stated at cost less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Leasehold improvements
25% Reducing balance
25% Reducing balance
Furniture and office equipment
25% Reducing balance
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its director and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 29 June 2025
Turnbull & Co Accountants Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 30 June 2024
31,600
Disposals
(31,600)
At 29 June 2025
-
Amortisation
At 30 June 2024
31,600
(31,600)
On disposals
At 29 June 2025
-
Net book value
At 29 June 2025
-
At 29 June 2024
-
3. Property, plant and equipment
Total
Furniture and
office
equipment
Fixtures and
fittings
Leasehold
improvements
£
£
£
£
Cost or
valuation
At 30 June 2024
34,664
31,015
2,632
1,017
(1,530)
-
-
Disposals
(1,530)
At 29 June 2025
1,017
2,632
29,485
33,134
Provision for depreciation and impairment
At 30 June 2024
31,852
28,519
2,329
1,004
Charge for year
595
516
76
3
(1,099)
(1,099)
-
-
On disposal
At 29 June 2025
31,348
27,936
2,405
1,007
At 29 June 2025
Net book value
10
227
1,549
1,786
At 29 June 2024
13
303
2,496
2,812
4. Inventories
2024
2025
£
£
Stocks
27,634
26,689
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6
For the year ended 29 June 2025
Turnbull & Co Accountants Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2024
2025
£
£
Trade debtors
45,941
38,769
Other debtors
22,452
26,583
65,352
68,393
6. Trade and other payables: amounts falling due within one year
2024
2025
£
£
Trade creditors
6,082
5,926
Taxation and social security
27,468
26,666
Other creditors
17,688
16,534
51,238
49,126
Included within taxation and social security is corporation tax of £3,950 (2024: £3,303).
7. Related party transactions
Dividends of £29,953 were paid to the director in the year.
The company is under the effective control of its director.
8. Directors advances and guarantees
At 30/06/2024
Loaned
Repaid
At 29/06/2025
£
£
£
£
I J Taberner
Loan from director
15,977
14,677
4,103
2,803
15,977
14,677
4,103
2,803
9. Average number of persons employed
During the year the average number of employees was 7 (2024 : 7)
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