REGISTERED NUMBER: 00842014 (England and Wales)

Unaudited Financial Statements for the Year Ended 5 April 2025

for

A.T.G. Turnbull Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A W H Turnbull

REGISTERED OFFICE:

The Farm Office

Prospect Farm

Barnetby

North Lincolnshire

DN38 6EL

REGISTERED NUMBER:

00842014 (England and Wales)

FIXED ASSETS

Tangible assets

4

4,512,982

4,660,996

Investments

5

45,251

45,251

Investment property

6

885,470

515,964

5,443,703

5,222,211

CURRENT ASSETS

Stocks

600,475

483,249

Debtors

7

472,165

297,815

Cash at bank

36,825

233,975

1,109,465

1,015,039

CREDITORS

Amounts falling due within one year

8

724,454

549,967

NET CURRENT ASSETS

385,011

465,072

TOTAL ASSETS LESS CURRENT LIABILITIES

5,828,714

5,687,283

CREDITORS

Amounts falling due after more than one year

9

(2,235,422

)

(2,059,770

)

PROVISIONS FOR LIABILITIES

(278,590

)

(321,241

)

NET ASSETS

3,314,702

3,306,272

CAPITAL AND RESERVES

Called up share capital

15,000

15,000

Revaluation reserve

11

214,463

214,463

Retained earnings

3,085,239

3,076,809

SHAREHOLDERS' FUNDS

3,314,702

3,306,272

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 12 December 2025 and were signed by:

A W H Turnbull - Director

1.	STATUTORY INFORMATION

A.T.G. Turnbull 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.	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 comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets

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

Freehold property - 10% straight line

Plant & Machinery - 10%, 20% straight line

Investments

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investments held as fixed assets are shown at cost less provision for impairment

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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of change on the net obligation outstanding in each period

Pensions

The company operates a defined contribution person scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 6 April 2024

3,656,079

3,070,001

6,726,080

Additions

-

369,982

369,982

Disposals

-

(184,000

)

(184,000

)

At 5 April 2025

3,656,079

3,255,983

6,912,062

DEPRECIATION

At 6 April 2024

393,967

1,671,117

2,065,084

Charge for year

28,006

434,790

462,796

Eliminated on disposal

-

(128,800

)

(128,800

)

At 5 April 2025

421,973

1,977,107

2,399,080

NET BOOK VALUE

At 5 April 2025

3,234,106

1,278,876

4,512,982

At 5 April 2024

3,262,112

1,398,884

4,660,996

The net book value of assets held under finance agreements, included above, amounted to £935,594 (2024: £801,482).

Included in Freehold Property is the cost of Freehold Land amounting to £3,028,817 (2024: £3,028,817 ) which is not depreciated.

5.	FIXED ASSET INVESTMENTS

Investments

Other

Trade

in associates

Investments

Investments

Total

COST OR VALUATION

£

£

£

£

At 6 April 2024 and 5 April 2025

250

45,000

1

45,251

NET BOOK VALUE

At 5 April 2025

250

45,000

1

45,251

At 5 April 2024

250

45,000

1

45,251

Participating interests

The £250 investment in associates represents a 25% participating interest in North Lincs Energy Growers Limited.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2024

515,964

Additions

369,506

At 5 April 2025

885,470

NET BOOK VALUE

At 5 April 2025

885,470

At 5 April 2024

515,964

The 2025 valuations were made by the director of the company, on an open market value for existing use basis.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Trade debtors

458,299

282,931

Other debtors

13,866

14,884

472,165

297,815

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Bank loans and overdrafts

177,044

184,514

Hire purchase contracts

90,758

125,483

Trade creditors

209,598

151,260

Taxation and social security

113,275

80,953

Other creditors

133,779

7,757

724,454

549,967

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

5.4.25

5.4.24

£

£

Bank loans

1,926,416

1,798,624

Hire purchase contracts

309,006

261,146

2,235,422

2,059,770

10.	SECURED DEBTS

The following secured debts are included within creditors:

5.4.25

5.4.24

£

£

Bank loans

2,103,460

1,983,138

Hire purchase contracts

399,764

386,629

2,503,224

2,369,767

The net obligations under finance leases and hire purchase contracts are secured against the assets to which they relate.

The bank has a mortgage in place in respect of freehold land, included in bank loans outstanding, which are secured. The bank also has a debenture comprising a fixed and floating charge over all the assets and undertakings of the company both present and future.

11.

RESERVES

Revaluation

reserve

£

At 6 April 2024

and 5 April 2025

214,463

12.	RELATED PARTY DISCLOSURES

5.4.25

5.4.24

£

£

Sales to related parties

761,497

910,743

Purchases from related parties

119,018

153,315

Sales ledger balances owing from related parties

271,466

210,849

Purchase ledger balances owning to related parties

2,597

-

Loans owing to related parties

100,000

-

The related parties are companies in which the director and his immediate family are also directors and have a controlling interest.