0 0 Turnpike Business Services Limited 06763320 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is Print and business consultancy Digita Accounts Production Advanced 6.30.9574.0 true 06763320 2024-01-01 2024-12-31 06763320 2024-12-31 06763320 bus:OrdinaryShareClass1 2024-12-31 06763320 bus:OrdinaryShareClass2 2024-12-31 06763320 core:CurrentFinancialInstruments 2024-12-31 06763320 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 06763320 core:MotorVehicles 2024-12-31 06763320 bus:SmallEntities 2024-01-01 2024-12-31 06763320 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 06763320 bus:FilletedAccounts 2024-01-01 2024-12-31 06763320 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06763320 bus:RegisteredOffice 2024-01-01 2024-12-31 06763320 bus:Director1 2024-01-01 2024-12-31 06763320 bus:Director2 2024-01-01 2024-12-31 06763320 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 06763320 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 06763320 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06763320 bus:Agent1 2024-01-01 2024-12-31 06763320 core:MotorVehicles 2024-01-01 2024-12-31 06763320 countries:England 2024-01-01 2024-12-31 06763320 2023-12-31 06763320 core:MotorVehicles 2023-12-31 06763320 2023-01-01 2023-12-31 06763320 2023-12-31 06763320 bus:OrdinaryShareClass1 2023-12-31 06763320 bus:OrdinaryShareClass2 2023-12-31 06763320 core:CurrentFinancialInstruments 2023-12-31 06763320 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 06763320 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2023-12-31 06763320 core:MotorVehicles 2023-12-31 06763320 core:PreviouslyStatedAmount 2023-12-31 06763320 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 06763320 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 06763320

Turnpike Business Services Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

Turnpike Business Services Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Turnpike Business Services Limited

Company Information

Directors | AR Jackson B A Jackson

Registered office | Silver Rose Unit 21 East Lodge Village East Lodge Lane Enfield England EN2 8AS

Accountants | Paul Winston Limited Chartered AccountantsSilver Rose Unit 21 East Lodge Village East Lodge Lane Enfield EN2 8AS

Turnpike Business Services Limited

(Registration number: 06763320)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
fixed assets |  |  |
tangible assets | 4 | 24,474 | 30,592
Current assets |  |  |
Cash at bank and in hand |  | 6,251 | 9,228
Creditors: Amounts falling due within one year | 6 | (13,535) | (30,574)
Net current liabilities |  | (7,284) | (21,346)
Net assets |  | 17,190 | 9,246
capital and reserves |  |  |
Called up share capital | 7 | 1,000 | 1,000
Profit and loss account |  | 16,190 | 8,246
Shareholders' funds |  | 17,190 | 9,246

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 March 2026 and signed on its behalf by:

......................................... AR Jackson Director

Turnpike Business Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

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

The address of its registered office is:
Silver Rose Unit 21 East Lodge Village
East Lodge Lane
Enfield
EN2 8AS
England

These financial statements were authorised for issue by the Board on 24 March 2026.

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.

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 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.

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.

Turnpike Business Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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:

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 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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

Turnpike Business Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4 | Tangible assets

| Motor vehicles £ | Total £
Cost or valuation
At 1 January 2024 | 38,240 | 38,240
At 31 December 2024 | 38,240 | 38,240
Depreciation
At 1 January 2024 | 7,648 | 7,648
Charge for the year | 6,118 | 6,118
At 31 December 2024 | 13,766 | 13,766
Carrying amount
At 31 December 2024 | 24,474 | 24,474
At 31 December 2023 | 30,592 | 30,592

5 | Debtors

Current | 2024 £ | 2023 £
| - | -

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Bank loans and overdrafts | 8 | 12,905 | 29,314
Other creditors |  | 630 | 1,260
|  | 13,535 | 30,574

7 | Share capital

Allotted, called up and fully paid shares

Turnpike Business Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

| 2024 | 2023
| No. | £ | No. | £
Ordinary A of £1 each | 500 | 500 | 500 | 500
Ordinary B of £1 each | 500 | 500 | 500 | 500
| 1,000 | 1,000 | 1,000 | 1,000

8 | Loans and borrowings

Current loans and borrowings

| 2024 £ | 2023 £
Other borrowings | 12,905 | 29,314

Turnpike Business Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9 | Dividends

Interim dividends paid

|  | 2024 £ |  | 2023 £
Interim dividend of £1.00 (2023 - £2.00) per each Ordinary A |  | 500 |  | 1,000
Interim dividend of £1.00 (2023 - £4.70) per each Ordinary B |  | 500 |  | 2,350
|  | 1,000 |  | 3,350