Turnstar Systems GB Ltd - Period Ending 2025-08-31

Registration number: 14275823

Turnstar Systems GB Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2025

Turnstar Systems GB Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 11

Turnstar Systems GB Ltd

Company Information

Director

Mr R G Dougall

Registered office

Unit 3,
Faith house,
James street
Radcliffe
M26 1LN

Accountants

Grant Sellers Limited
Bank Court
12A Manor Road
Verwood
Dorset
BH31 6DY

Turnstar Systems GB Ltd

(Registration number: 14275823)
Balance Sheet as at 31 August 2025

	Note	2025 £	(As restated) 2024 £
Fixed assets
Tangible assets	4	18,737	19,230
Current assets
Stocks	5	149,580	176,915
Debtors	6	252,576	136,825
Cash at bank and in hand		195,834	306,423
		597,990	620,163
Creditors: Amounts falling due within one year	7	(233,148)	(399,209)
Net current assets		364,842	220,954
Total assets less current liabilities		383,579	240,184
Provisions for liabilities		(4,684)	(4,807)
Net assets		378,895	235,377
Capital and reserves
Called up share capital	8	45,000	45,000
Retained earnings		333,895	190,377
Shareholders' funds		378,895	235,377

For the financial year ending 31 August 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 27 April 2026

Turnstar Systems GB Ltd

(Registration number: 14275823)
Balance Sheet as at 31 August 2025 (continued)

.........................................
Mr R G Dougall
Director

Turnstar Systems GB Ltd

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

1	General information

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

The address of its registered office is:
Unit 3,
Faith house,
James street
Radcliffe
M26 1LN

These financial statements were authorised for issue by the director on 27 April 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). For all periods up to and including 31 August 2024, the company prepared its financial statements in acccordance with FRS 105.

The transition has resulted in a measurement change to ensure a true and fair view. Specifically, deferred tax has been recognised for the first time in respect of all timing differences existing at the transition date. This has been treated as a remeasurement adjustment, with the opening balance of retained earnings restated accordingly."

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 statements are presented in pound sterling and rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Turnstar Systems GB Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

2	Accounting policies (continued)

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.

For standard sales, income is recognised at the point of delivery or installation, marking the transfer of significant risks and rewards of ownership. However, for partially completed deliveries, revenue is recognised by reference to the stage of completion of the contract activity at the end of the reporting period.

Where a delivery or project is partially complete, management applies judgment to determine the appropriate stage of completion.

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.

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	4 years straight line method
Fixtures and fittings	4 years straight line method
Motor Vehicles	4 years straight line method
Computer equipment	3 years straight line method

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.

Turnstar Systems GB Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

2	Accounting policies (continued)

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 initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

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.

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 3 (2024 - 2).

Turnstar Systems GB Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

4	Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
£

Cost or valuation

At 1 September 2024

7,278

3,350

1,630

13,000

Additions

226

6,500

-

-

At 31 August 2025

7,504

9,850

1,630

13,000

Depreciation

At 1 September 2024

2,355

1,546

502

1,625

Charge for the year

1,781

1,650

538

3,250

At 31 August 2025

4,136

3,196

1,040

4,875

Carrying amount

At 31 August 2025

3,368

6,654

590

8,125

At 31 August 2024

4,923

1,804

1,128

11,375

Total
£

Cost or valuation

At 1 September 2024

25,258

Additions

6,726

At 31 August 2025

31,984

Depreciation

At 1 September 2024

6,028

Charge for the year

7,219

At 31 August 2025

13,247

Carrying amount

At 31 August 2025

18,737

At 31 August 2024

19,230

5

Stocks

2025
£

2024
£

Inventory

149,580

176,915

Turnstar Systems GB Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		234,141	119,968
Amounts owed by related parties	9	6,625	13,148
Prepayments		3,080	1,334
Other debtors		8,730	2,375
		252,576	136,825

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		33,055	-
Amounts owed to group undertakings and undertakings in which the company has a participating interest	9	100,135	168,111
Taxation and social security		93,705	109,935
Accruals and deferred income		4,419	97,651
Other creditors		1,834	23,512
		233,148	399,209

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares of £1 each	45,000	45,000	45,000	45,000

9	Related party transactions

Turnstar Systems GB Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

9	Related party transactions (continued)

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Contributions paid to money purchase schemes	8,400	8,587

Loans to related parties

2025	Parent £	Total £
Advanced	115,480	115,480
At end of period	115,480	115,480

Loans from related parties

2025	Parent £	Total £
At start of period	26,500	26,500
Advanced	189,115	189,115
At end of period	215,615	215,615

10	Transition to FRS 102

Upon transitioning from FRS 105 to FRS 102 Section 1A, the company has recognised deferred tax for the first time, as this is prohibited under the micro-entity framework but required for a true and fair view under Section 1A. This adjustment is treated as a remeasurement of the opening position, as it involves the initial recognition of liabilities (such as those arising from accelerated capital allowances or revalued assets) that were previously excluded from the balance sheet.

Balance Sheet at 1 September 2023

	As originally reported £	Reclassification £	Remeasurement £	As restated £
Fixed assets
Tangible assets	9,872	-	-	9,872
Current assets
Stocks	163,898	-	-	163,898
Debtors	76,244	-	-	76,244
Cash at bank and in hand	122,160	-	-	122,160
	362,302	-	-	362,302
Creditors: Amounts falling due within one year	(451,357)	-	-	(451,357)

Turnstar Systems GB Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

10	Transition to FRS 102 (continued)

	As originally reported £	Reclassification £	Remeasurement £	As restated £
Net current liabilities	(89,055)	-	-	(89,055)
Total assets less current liabilities	(79,183)	-	-	(79,183)
Provisions for liabilities	-	-	(2,468)	(2,468)
Net liabilities	(79,183)	-	(2,468)	(81,651)
Capital and reserves
Called up share capital	(45,000)	-	-	(45,000)
Retained earnings	124,183	-	2,468	126,651
Total equity	79,183	-	2,468	81,651

Turnstar Systems GB Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

10	Transition to FRS 102 (continued)

Balance Sheet at 31 August 2024

	As originally reported £	Reclassification £	Remeasurement £	As restated £
Fixed assets
Tangible assets	19,230	-	-	19,230
Current assets
Stocks	176,915	-	-	176,915
Debtors	136,825	-	-	136,825
Cash at bank and in hand	306,423	-	-	306,423
	620,163	-	-	620,163
Creditors: Amounts falling due within one year	(399,209)	-	-	(399,209)
Net current assets	220,954	-	-	220,954
Total assets less current liabilities	240,184	-	-	240,184
Provisions for liabilities	-	-	(4,807)	(4,807)
Net assets/(liabilities)	240,184	-	(4,807)	235,377
Capital and reserves
Called up share capital	(45,000)	-	-	(45,000)
Retained earnings	(195,184)	-	4,807	(190,377)
Total equity	(240,184)	-	4,807	(235,377)

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Motor vehicles £
Cost or valuation
At 1 September 2024	7,278	3,350	1,630	13,000
Additions	226	6,500	-	-
At 31 August 2025	7,504	9,850	1,630	13,000
Depreciation
At 1 September 2024	2,355	1,546	502	1,625
Charge for the year	1,781	1,650	538	3,250
At 31 August 2025	4,136	3,196	1,040	4,875
Carrying amount
At 31 August 2025	3,368	6,654	590	8,125
At 31 August 2024	4,923	1,804	1,128	11,375