REGISTERED NUMBER: 07700295 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Tuerner & Co Limited

T/A

Turner & Co

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Peverett

K McDermott

C M Turner

N M Turner

REGISTERED OFFICE:

Bridge House

Old Grantham Road

Whatton

Nottingham

NG13 9FG

REGISTERED NUMBER:

07700295 (England and Wales)

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

23,411

24,293

23,411

24,293

CURRENT ASSETS

Debtors

7

960,736

826,273

Cash at bank

492,381

1,193,976

1,453,117

2,020,249

CREDITORS

Amounts falling due within one year

8

524,495

726,632

NET CURRENT ASSETS

928,622

1,293,617

TOTAL ASSETS LESS CURRENT LIABILITIES

952,033

1,317,910

CREDITORS

Amounts falling due after more than one year

9

-

(170,445

)

PROVISIONS FOR LIABILITIES

(4,570

)

(4,570

)

NET ASSETS

947,463

1,142,895

CAPITAL AND RESERVES

Called up share capital

11

1,000

1,000

Retained earnings

946,463

1,141,895

SHAREHOLDERS' FUNDS

947,463

1,142,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 30 September 2025 and were signed on its behalf by:

N M Turner - Director

1.	STATUTORY INFORMATION

Tuerner & Co 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on 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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 36 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

300,000

AMORTISATION

At 1 January 2024

and 31 December 2024

300,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

6.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

93,071

56,938

150,009

Additions

7,685

5,510

13,195

At 31 December 2024

100,756

62,448

163,204

DEPRECIATION

At 1 January 2024

76,024

49,692

125,716

Charge for year

8,755

5,322

14,077

At 31 December 2024

84,779

55,014

139,793

NET BOOK VALUE

At 31 December 2024

15,977

7,434

23,411

At 31 December 2023

17,047

7,246

24,293

7.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

193,754

275,938

Amounts owed by associates

14,777

-

Other debtors

625,154

446,721

833,685

722,659

31.12.24

31.12.23

£

£

Amounts falling due after more than one year:

Other debtors

127,051

103,614

Aggregate amounts

960,736

826,273

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

-

130,156

Trade creditors

39,545

28,664

Amounts owed to associates

-

46,049

Taxation and social security

466,938

521,763

Other creditors

18,012

-

524,495

726,632

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

-

170,445

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

60,000

54,000

Between one and five years

45,000

94,500

105,000

148,500

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1,000

Ordinary

£1

1,000

1,000

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Advances were made to directors as follows:

31.12.24

31.12.23

£

£

Opening balance

272,944

165,956

Amounts advanced

166,242

166,538

Amounts repaid

(178,794

)

(59,550

)

Closing balance

260,392

272,944

The interest charged on any outstanding Director's Loans is the Bank of England base rate plus 2.0%.

Of the above amounts, £133,341 (2023: £169,330) is due within 1 year, and £127,051 (2023: £103,614) is due after more than 1 year but less than 5 years.