REGISTERED NUMBER: 05411730 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

M.TURNER SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M W Turner

Mrs S Turner

REGISTERED OFFICE:

Unit 6

171 Church Hill Road

Thurmaston

Leicester

Leicestershire

LE4 8DH

REGISTERED NUMBER:

05411730 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

7,250

Tangible assets

5

223,441

149,828

Investments

6

70,500

70,500

293,941

227,578

CURRENT ASSETS

Stocks

3,700

3,700

Debtors

7

416,538

298,628

Cash at bank and in hand

190,594

289,410

610,832

591,738

CREDITORS

Amounts falling due within one year

8

536,126

393,690

NET CURRENT ASSETS

74,706

198,048

TOTAL ASSETS LESS CURRENT LIABILITIES

368,647

425,626

CREDITORS

Amounts falling due after more than one year

9

(158,460

)

(139,187

)

PROVISIONS FOR LIABILITIES

(48,052

)

(29,151

)

NET ASSETS

162,135

257,288

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

162,035

257,188

SHAREHOLDERS' FUNDS

162,135

257,288

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 23 December 2025 and were signed on its behalf by:

Mr M W Turner - Director

1.	STATUTORY INFORMATION

M.Turner Services Ltd 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

Revenue comprises the fair value for the sale of goods and services excluding value added taxes and represents net invoice value less estimated rebates, returns and settlement discounts. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on dispatch of the goods.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Fixed asset investments

Investments held as fixed assets are stated at cost, together with subsequent capital contributions, less any provisions for impairment.

Investments are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairments are calculated such that the carrying value of the fixed asset investment is the lower of its cost or recoverable amount. Recoverable amount is the higher of its net realisable value and its value in use.

Investment income is recognised in the financial statements when the company becomes entitled to its share of profits from the fixed asset investment.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

72,500

AMORTISATION

At 1 April 2024

65,250

Charge for year

7,250

At 31 March 2025

72,500

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

7,250

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

163,055

7,943

314,564

55,477

541,039

Additions

-

-

130,885

4,996

135,881

Disposals

-

-

(58,340

)

-

(58,340

)

At 31 March 2025

163,055

7,943

387,109

60,473

618,580

DEPRECIATION

At 1 April 2024

147,521

6,431

185,656

51,603

391,211

Charge for year

3,107

378

51,352

1,850

56,687

Eliminated on disposal

-

-

(52,759

)

-

(52,759

)

At 31 March 2025

150,628

6,809

184,249

53,453

395,139

NET BOOK VALUE

At 31 March 2025

12,427

1,134

202,860

7,020

223,441

At 31 March 2024

15,534

1,512

128,908

3,874

149,828

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

232,731

Additions

113,235

At 31 March 2025

345,966

DEPRECIATION

At 1 April 2024

113,413

Charge for year

51,061

At 31 March 2025

164,474

NET BOOK VALUE

At 31 March 2025

181,492

At 31 March 2024

119,318

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

70,500

NET BOOK VALUE

At 31 March 2025

70,500

At 31 March 2024

70,500

The costs in the years to 31 March 2022 and 31 March 2021 for Fixed Asset Investments relates entirely to Unlisted Investments.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

103,236

37,218

Other debtors

313,302

261,410

416,538

298,628

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

60,245

39,190

Hire purchase contracts

37,507

31,746

Trade creditors

71,158

74,133

Taxation

72,870

48,160

VAT

21,559

12,797

Other creditors

114,191

47,748

Accrued expenses

158,596

139,916

536,126

393,690

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

10,035

39,190

Bank loans - 2-5 years

-

13,405

Hire purchase contracts

148,425

86,592

158,460

139,187

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr M W Turner

Balance outstanding at start of year

174,082

167,342

Amounts advanced

229,639

301,028

Amounts repaid

(252,250

)

(294,288

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

151,471

174,082