Company registration number 09467101 (England and Wales)
TURNER LOGISTICS (YORK) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
TURNER LOGISTICS (YORK) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
TURNER LOGISTICS (YORK) LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
-
0
361,704
Current assets
Debtors
5
601,112
332,870
Cash at bank and in hand
3,411,576
995,070
4,012,688
1,327,940
Creditors: amounts falling due within one year
6
(395,083)
(406,222)
Net current assets
3,617,605
921,718
Total assets less current liabilities
3,617,605
1,283,422
Provisions for liabilities
-
0
(90,341)
Net assets
3,617,605
1,193,081
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
3,617,505
1,192,981
Total equity
3,617,605
1,193,081

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 25 September 2025 and are signed on its behalf by:
Mr G Turner
Director
Company registration number 09467101 (England and Wales)
TURNER LOGISTICS (YORK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 2 -
1
Accounting policies
Company information

Turner Logistics (York) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4 Wharfe Mews, Cliffe Terrace, Wetherby, West Yorkshire, LS22 6LX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

On 30 May 2025, the trade and goodwill were sold. The company ceased to trade on this date and these financial statements have been prepared on a basis other than a going concern.

1.2
Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

1.3
Intangible fixed assets - goodwill

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill T o the end of expected useful life in February 2022

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Franchise fee
Amortised to the end of expected useful life in February 2022

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
straight line over the life of the lease
Plant and machinery
25% on reducing balance
Office equipment
15% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

TURNER LOGISTICS (YORK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

Bank loans are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price.

1.7
Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings 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

The tax currently payable is based on taxable profit for the year. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end 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.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases
As lessee

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
30
39
TURNER LOGISTICS (YORK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 4 -
3
Intangible fixed assets
Goodwill
Franchise fee
Total
£
£
£
Cost
At 1 September 2024
200,000
13,000
213,000
Disposals
(200,000)
(13,000)
(213,000)
At 31 August 2025
-
0
-
0
-
0
Amortisation and impairment
At 1 September 2024
200,000
13,000
213,000
Disposals
(200,000)
(13,000)
(213,000)
At 31 August 2025
-
0
-
0
-
0
Carrying amount
At 31 August 2025
-
0
-
0
-
0
At 31 August 2024
-
0
-
0
-
0
4
Tangible fixed assets
Leasehold improvements
Plant and machinery
Office equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 September 2024
40,203
32,411
15,016
800,314
887,944
Disposals
(40,203)
(32,411)
(15,016)
(800,314)
(887,944)
At 31 August 2025
-
0
-
0
-
0
-
0
-
0
Depreciation and impairment
At 1 September 2024
40,203
13,462
10,348
462,227
526,240
Depreciation charged in the year
-
0
2,131
525
77,791
80,447
Eliminated in respect of disposals
(40,203)
(15,593)
(10,873)
(540,018)
(606,687)
At 31 August 2025
-
0
-
0
-
0
-
0
-
0
Carrying amount
At 31 August 2025
-
0
-
0
-
0
-
0
-
0
At 31 August 2024
-
0
18,949
4,668
338,087
361,704
TURNER LOGISTICS (YORK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 5 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
260,145
Other debtors
584,960
-
0
Prepayments and accrued income
16,152
72,725
601,112
332,870
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
0
24,442
Taxation and social security
389,733
335,141
Other creditors
-
0
39,323
Accruals and deferred income
5,350
7,316
395,083
406,222
7
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
-
0
68,536
8
Directors' transactions

During the year, a director received an advance from the company of £584,960. This was still owed to the company at the year end and is included in other debtors.

The advance was interest free and repayable on demand.

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