Turnkey Trading Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06849316

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		91,156		64,500

			91,156		64,500
CURRENT ASSETS
Stocks	6	6,759		10,525
Debtors	7	60,109		70,595
Cash at bank and in hand		7,706		4,956

		74,574		86,076
Creditors: Amounts Falling Due Within One Year	8	(26,574 )		(35,385 )

NET CURRENT ASSETS (LIABILITIES)			48,000		50,691

TOTAL ASSETS LESS CURRENT LIABILITIES			139,156		115,191

Creditors: Amounts Falling Due After More Than One Year	9		(2,917 )		(9,917 )

NET ASSETS			136,239		105,274

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			136,139		105,174

SHAREHOLDERS' FUNDS			136,239		105,274

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Turnkey Trading Limited

Balance Sheet (continued)

As At 31 May 2025

For the year ending 31 May 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Euan Kelway-Bamber

Director

26 October 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Turnkey Trading Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06849316 . The registered office is Unit 10-11, St David's Industrial Estate, Pengam, Blackwood, NP12 3SW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been applied consistently to all years presented unless otherwise stated.

2.2. Turnover

Turnover represents the value, net of Value Added Tax and discounts, of goods supplied to customers and work carried out in respect of services provided to customers.

Turnover from the sale of goods and services is recognised when the significant risks and rewards arising from the ownership of the finished goods have been transferred to the buyer.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It was amortised to profit and loss account over its estimated economic life of two years.

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

2.5. Taxation

Tax on profit represents the sum of tax currently payable and tax deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	4	2

	4	2

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 June 2024	600

As at 31 May 2025	600

Amortisation
As at 1 June 2024	600

As at 31 May 2025	600

...CONTINUED

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Turnkey Trading Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

Net Book Value
As at 31 May 2025	-

As at 1 June 2024	-

5. Tangible Assets

	Computer Equipment and website
	£
Cost
As at 1 June 2024	64,500
Additions	26,656

As at 31 May 2025	91,156

Net Book Value
As at 31 May 2025	91,156

As at 1 June 2024	64,500

Cost or valuation as at 31 May 2025 represented by:

	Computer Equipment and website
	£
At cost	91,156

	91,156

The e-commerce website is stated at its fair value at the reporting date. Gains or losses arising from changes in the fair value of the website are included in profit or loss for the period in which they arise. The website was valued on an open market basis at 31 May 2025 by the directors.

6. Stocks

	2025	2024
	£	£
Finished goods	6,759	10,525

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	3,736
Other debtors	60,109	66,859

	60,109	70,595

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Turnkey Trading Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,734	8,498
Bank loans and overdrafts	7,000	7,000
Corporation tax	1,011	2,070
VAT	4,818	5,806
Other creditors	12,011	12,011

	26,574	35,385

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	2,917	9,917

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Related Party Transactions

The directors, Mr E Kelway-Bamber and Mrs L Kelway-Bamber, are also directors of The Headboard Workshop Limited.

During the year, the company made loans totalling £114,000 (2024: £116,340) to The Headboard Workshop Limited and received repayments totalling £40,000 (2024: £22,000) from The Headboard Workshop Limited. The company also received materials from The Headboard Workshop Limited at an arms length cost of £14,000 (2024: £18,500). The company paid for motor and travel costs of £Nil (2024: £109) on behalf of The Headboard Workshop Limited. The website revaluation of £64,500 (2024: £64,500) covers costs incurred by The Headboard Workshop Limited.

Management charges of £66,750 (2024: £61,000) were charged to the company by The Headboard Workshop Limited during the year ended 31 May 2025.

At the balance sheet date, £60,109 (2024: £66,859) was owed to the company by The Headboard Workshop Limited, and this is shown in other debtors.

12. Controlling Party

The company is controlled by Mr E Kelway-Bamber and Mrs L Kelway-Bamber.

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