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Registration number: 01947922

Turbine Controls Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 August 2025

Turbine Controls Limited

Contents

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

Turbine Controls Limited

Company Information

Directors | Mr Andrew Thomas Boulton-Briggs Mr Christopher Rees Mr Adrian Ursu Mrs Lucy Helen Latham

Registered office | 52 Kenilworth Drive Oadby Leicestershire LE2 5LG

Accountants | Mill House Accountancy Limited Chartered AccountantsUnit 2, The Keele Centre Three Mile Lane Keele Newcastle-under-Lyme Staffordshire ST5 5HH

Turbine Controls Limited

(Registration number: 01947922)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 41,607 | 48,975
Current assets |  |  |
Stocks | 5 | 338,827 | 341,009
Debtors | 6 | 1,537,815 | 348,062
Cash at bank and in hand |  | 434,819 | 947,244
|  | 2,311,461 | 1,636,315
Creditors: Amounts falling due within one year | 7 | (1,403,149) | (798,906)
Net current assets |  | 908,312 | 837,409
Total assets less current liabilities |  | 949,919 | 886,384
Creditors: Amounts falling due after more than one year | 7 | (509,350) | (459,645)
Provisions for liabilities |  | (10,402) | (12,244)
Net assets |  | 430,167 | 414,495
Capital and reserves |  |  |
Called up share capital | 8 | 11,000 | 11,000
Retained earnings |  | 419,167 | 403,495
Shareholders' funds |  | 430,167 | 414,495

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.

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 5 May 2026 and signed on its behalf by:

......................................... Mr Andrew Thomas Boulton-Briggs Director

Turbine Controls Limited

(Registration number: 01947922)
Balance Sheet as at 31 August 2025

......................................... Mr Christopher Rees Director
......................................... Mr Adrian Ursu Director
......................................... Mrs Lucy Helen Latham Director

Turbine Controls Limited

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 and Wales.

The address of its registered office is:
52 Kenilworth Drive
Oadby
Leicestershire
LE2 5LG

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred 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.

Turbine Controls Limited

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

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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 | 15% on reducing balance
Fixtures and Fittings | at variable rates on reducing balance
Motor Vehicles | 25% on reducing balance

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 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.

Turbine Controls Limited

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

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 23 (2024 - 23).

Turbine Controls Limited

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

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 September 2024 | 319,947 | 17,900 | 76,168 | 414,015
Additions | 5,599 | - | - | 5,599
Disposals | (218,634) | - | (30,751) | (249,385)
At 31 August 2025 | 106,912 | 17,900 | 45,417 | 170,229
Depreciation
At 1 September 2024 | 297,631 | 12,472 | 54,935 | 365,038
Charge for the year | 4,874 | 1,357 | 2,954 | 9,185
Eliminated on disposal | (216,389) | - | (29,212) | (245,601)
At 31 August 2025 | 86,116 | 13,829 | 28,677 | 128,622
Carrying amount
At 31 August 2025 | 20,796 | 4,071 | 16,740 | 41,607
At 31 August 2024 | 22,316 | 5,428 | 21,231 | 48,975

5 | Stocks

| 2025 £ | 2024 £
Work in progress | 244,398 | 329,183
Other inventories | 94,429 | 11,826
| 338,827 | 341,009

Turbine Controls Limited

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

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 1,518,167 | 324,904
Prepayments | 19,648 | 23,158
| 1,537,815 | 348,062

Turbine Controls Limited

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

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 9,585 | 10,015
Trade creditors |  | 570,415 | 363,143
Taxation and social security |  | 154,739 | 44,371
Accruals and deferred income |  | 59,993 | 49,367
Other creditors |  | 608,417 | 328,158
Directors loan accounts |  | - | 3,852
|  | 1,403,149 | 798,906

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | - | 9,795
Other financial liabilities |  | 509,350 | 449,850
|  | 509,350 | 459,645

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
A Ordinary Share of £1 each | 5,500 | 5,500 | 5,500 | 5,500
B Ordinary Share of £1 each | 5,500 | 5,500 | 5,500 | 5,500
| 11,000 | 11,000 | 11,000 | 11,000

9 | Loans and borrowings

| 2025 £ | 2024 £
Non-current loans and borrowings
Bank borrowings | - | 9,795

Turbine Controls Limited

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

| 2025 £ | 2024 £
Current loans and borrowings
Bank borrowings | 9,585 | 10,015

10 | Dividends

Interim dividends paid

|  | 2025 £ |  | 2024 £
Interim dividend of £98.16 (2024 - £137.348) per each A Ordinary Share |  | 539,885 |  | 755,399
Interim dividend of £Nil per each B Ordinary Share |  | - |  | -
|  | 539,885 |  | 755,399
|  | - |  |

11 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £225,625 (2024 - £40,000).

12 | Related party transactions

In 2011 the directors provided personal guarantees totalling £100,000 to secure the bank overdraft.

Turbine Controls Limited

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

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 143,547 | 122,935

Loans to related parties

2025 | Parent £ | Total £
Advanced | 100,500 | 100,500
At end of period | 100,500 | 100,500

2024 | Parent £ | Total £
At start of period | 150 | 150
Repaid | (150) | (150)
At end of period | - | -

Loans from related parties

2025 | Parent £ | Total £
At start of period | 449,850 | 449,850
Advanced | 160,000 | 160,000
At end of period | 609,850 | 609,850

2024 | Parent £ | Total £
Advanced | 450,000 | 450,000
Repaid | (150) | (150)
At end of period | 449,850 | 449,850