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Registration number: 04332081

Simon Turner Refrigeration Services Limited
Annual Report and Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

Simon Turner Refrigeration Services Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9
Detailed Profit and Loss Account | 10 to 12
Accountants' Report | 13

Simon Turner Refrigeration Services Limited

Company Information

Director | Mr Simon Turner

Company secretary | Mrs Shirley Ann Turner

Registered office | 8 High Street Heathfield East Sussex England TN21 8LS

Accountants | Manningtons 8 High Street Heathfield East Sussex TN21 8LS

Simon Turner Refrigeration Services Limited

(Registration number: 04332081)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 34,902 | 41,614
Investment property | 6 | 1,625,000 | 1,625,000
|  | 1,659,902 | 1,666,614
Current assets |  |  |
Debtors | 7 | 16,500 | 53,249
Cash at bank and in hand |  | 67,989 | 116,945
|  | 84,489 | 170,194
Creditors: Amounts falling due within one year | 9 | (28,265) | (66,586)
Net current assets |  | 56,224 | 103,608
Total assets less current liabilities |  | 1,716,126 | 1,770,222
Creditors: Amounts falling due after more than one year | 9 | (69,209) | (32,678)
Provisions for liabilities |  | (261,542) | (261,542)
Net assets |  | 1,385,375 | 1,476,002
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Revaluation reserve |  | 784,627 | 784,627
Retained earnings |  | 600,747 | 691,374
Shareholders' funds |  | 1,385,375 | 1,476,002

Simon Turner Refrigeration Services Limited

(Registration number: 04332081)
Balance Sheet as at 31 December 2025

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

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 February 2026

......................................... Mr Simon Turner Director

Simon Turner Refrigeration Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
8 High Street
Heathfield
East Sussex
TN21 8LS
England

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Simon Turner Refrigeration Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 10% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised at the transaction price.

Simon Turner Refrigeration Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

4 | Loss/profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 3,877 | 4,624

Simon Turner Refrigeration Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

5 | Tangible assets

| Other tangible assets £ | Total £
Cost or valuation
At 1 January 2025 | 54,832 | 54,832
Disposals | (3,150) | (3,150)
At 31 December 2025 | 51,682 | 51,682
Depreciation
At 1 January 2025 | 13,218 | 13,218
Charge for the year | 3,877 | 3,877
Eliminated on disposal | (315) | (315)
At 31 December 2025 | 16,780 | 16,780
Carrying amount
At 31 December 2025 | 34,902 | 34,902
At 31 December 2024 | 41,614 | 41,614

Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of freehold land and buildings.

Simon Turner Refrigeration Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6 | Investment properties

| 2025 £
At 1 January | 1,625,000
At 31 December | 1,625,000

There has been no valuation of investment property by an independent valuer.

7 | Debtors

| 2025 £ | 2024 £
Taxation and social security | 14,000 | -
Prepayments | - | 750
Other debtors | 2,500 | 52,499
| 16,500 | 53,249

Simon Turner Refrigeration Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 69,209 | 32,678

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 21,676 | 14,533

9 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Bank loans and overdrafts | 8 | 21,676 | 14,533
Taxation and social security |  | - | 28,163
Accruals and deferred income |  | 6,185 | 8,593
Other creditors |  | - | 15,000
Director loan account |  | 404 | 297
|  | 28,265 | 66,586

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 69,209 | 32,678

Simon Turner Refrigeration Services Limited

Detailed Profit and Loss Account for the Year Ended 31 December 2025

| 2025 £ | 2024 £
Turnover (analysed below) | 49,781 | 427,165
Cost of sales (analysed below) | (18,440) | (257,360)
Gross profit | 31,341 | 169,805
Gross profit (%) | 62.96% | 39.75%
Distribution costs (analysed below) | (32) | (13)
Administrative expenses |  |
Employment costs (analysed below) | (54,452) | (76,199)
Establishment costs (analysed below) | (1,242) | (1,359)
General administrative expenses (analysed below) | (35,935) | (17,574)
Finance charges (analysed below) | (73) | (89)
Depreciation costs (analysed below) | (3,877) | (4,624)
Other expenses (analysed below) | (2,835) | (5,867)
| (98,414) | (105,712)
Operating (loss)/profit | (67,105) | 64,080
Other interest receivable and similar income (analysed below) | 7,261 | 15,027
Interest payable and similar expenses (analysed below) | (6,783) | (4,818)
| 478 | 10,209
(Loss)/profit before tax | (66,627) | 74,289

Simon Turner Refrigeration Services Limited

Detailed Profit and Loss Account for the Year Ended 31 December 2025

| 2025 £ | 2024 £

Turnover |  |
Sale of goods, UK | 18,287 | 341,965
Rent receivable | 31,494 | 85,200
| 49,781 | 427,165

Cost of sales |  |
Purchases | 14,046 | 215,056
Subcontract cost | 4,394 | 42,304
| 18,440 | 257,360

Distribution costs |  |
Sundry expenses | 32 | 13

Employment costs |  |
Wages and salaries | 40,300 | 21,450
Directors remuneration | 12,566 | 12,570
Staff pensions (Defined contribution) | 1,586 | 41,021
Staff training | - | 1,158
| 54,452 | 76,199

Establishment costs |  |
Insurance | 1,242 | 1,359

General administrative expenses |  |
Repairs and maintenance | 15,492 | 735
General maintenance | - | 153
Telephone and fax | 639 | 603
Printing, postage and stationery | 209 | 66
Hire of other assets (Operating leases) | - | 1,760
Travel and subsistence | 5,336 | 6,502
Accountancy fees | 7,166 | 7,755
Consultancy fees | 275 | -
Legal and professional fees | 6,818 | -
| 35,935 | 17,574

Finance charges |  |
Bank charges | 73 | 89

Depreciation costs |  |
Depreciation of plant and machinery (owned) | 3,877 | 4,624

Other expenses |  |
(Profit)/loss on disposal of tangible fixed assets | 2,835 | 5,867

Simon Turner Refrigeration Services Limited

Detailed Profit and Loss Account for the Year Ended 31 December 2025

| 2025 £ | 2024 £

Other interest receivable and similar income |  |
Bank interest receivable | (261) | (1,027)
Other interest receivable | (7,000) | (14,000)
| (7,261) | (15,027)

Interest payable and similar expenses |  |
Bank interest payable | 6,783 | 4,755
Other interest payable | - | 63
| 6,783 | 4,818

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Simon Turner Refrigeration Services Limited
for the Year Ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Simon Turner Refrigeration Services Limited for the year ended 31 December 2025 as set out on pages 2 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Simon Turner Refrigeration Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Simon Turner Refrigeration Services Limited and state those matters that we have agreed to state to the Board of Directors of Simon Turner Refrigeration Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Simon Turner Refrigeration Services Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Simon Turner Refrigeration Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Simon Turner Refrigeration Services Limited. You consider that Simon Turner Refrigeration Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Simon Turner Refrigeration Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

17 February 2026