REGISTERED NUMBER: 06625126 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ACCUTURN LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

R Stokes

Mrs N Stokes

SECRETARY:

Mrs N Stokes

REGISTERED OFFICE:

Unit 7 Old Winery Business Park

Chapel Street

Cawston

Norwich

Norfolk

NR10 4FE

REGISTERED NUMBER:

06625126 (England and Wales)

ACCOUNTANTS:

Connah Goldsworthy

Chartered Certified Accountants

12 Station Court

Station Approach

Wickford

Essex

SS11 7AT

FIXED ASSETS

Tangible assets

4

149,833

154,719

CURRENT ASSETS

Stocks

2,000

5,000

Debtors

5

41,236

109,679

Cash at bank

3,535

-

46,771

114,679

CREDITORS

Amounts falling due within one year

6

110,925

162,567

NET CURRENT LIABILITIES

(64,154

)

(47,888

)

TOTAL ASSETS LESS CURRENT LIABILITIES

85,679

106,831

CREDITORS

Amounts falling due after more than one year

7

28,463

37,574

NET ASSETS

57,216

69,257

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

8

57,214

69,255

SHAREHOLDERS' FUNDS

57,216

69,257

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2025 and were signed on its behalf by:

R Stokes - Director

1.	STATUTORY INFORMATION

Accuturn 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.

Plant and machinery

-

10% on reducing balance

Motor vehicles

-

25% 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 Statement of Comprehensive Income, 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.

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.

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.

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 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

429,095

-

2,103

431,198

Additions

-

10,995

-

10,995

At 31 December 2024

429,095

10,995

2,103

442,193

DEPRECIATION

At 1 January 2024

274,376

-

2,103

276,479

Charge for year

15,652

229

-

15,881

At 31 December 2024

290,028

229

2,103

292,360

NET BOOK VALUE

At 31 December 2024

139,067

10,766

-

149,833

At 31 December 2023

154,719

-

-

154,719

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

37,269

105,712

Other debtors

3,967

3,967

41,236

109,679

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

8,556

16,011

Trade creditors

13,011

26,667

Taxation and social security

17,532

33,933

Other creditors

71,826

85,956

110,925

162,567

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

28,463

37,574

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

3,241

11,574

8.

RESERVES

Retained

earnings

£

At 1 January 2024

69,255

Profit for the year

15,459

Dividends

(27,500

)

At 31 December 2024

57,214

9.	ULTIMATE CONTROLLING PARTY

There is no overall controlling party.