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REGISTERED NUMBER: 03353516 (England and Wales)

| JOSEPH TURNER LTD |

| ABRIDGED UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2026 |

JOSEPH TURNER LTD (REGISTERED NUMBER: 03353516)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

| Page |

Company Information | 1 |

Abridged Balance Sheet | 2 |  | to |  | 3

Notes to the Financial Statements | 4 |  | to |  | 6

JOSEPH TURNER LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2026

| DIRECTORS: | Sir C J C Legard

| Mr J A R Cieslik

| Ms C E Giles

| Mrs O G Lynan

| Ms N Howard

| SECRETARY: | Lady M M Legard

| REGISTERED OFFICE: | Concept Park

| Thirsk Industrial Park

| Thirsk

| North Yorkshire

| YO7 3NH

| REGISTERED NUMBER: | 03353516 (England and Wales)

| ACCOUNTANTS: | UHY Calvert Smith

| Chartered Accountants

| Heritage House

| Murton Way

| Osbaldwick

| York

| North Yorkshire

| YO19 5UW

| BANKERS: | National Westminster Bank plc

| 27 Yorkersgate

| Malton

| North Yorkshire

| YO17 7AZ

JOSEPH TURNER LTD (REGISTERED NUMBER: 03353516)

ABRIDGED BALANCE SHEET

31 MARCH 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 56,209 |  | 71,425 |  |

CURRENT ASSETS

Stocks | 889,985 |  | 859,668 |  |

Debtors | 259,035 |  | 317,283 |  |

Cash at bank | 488,875 |  | 1,261,555 |  |

1,637,895 |  | 2,438,506 |  |

CREDITORS

Amounts falling due within one year | 585,850 |  | 1,202,631 |  |

NET CURRENT ASSETS | 1,052,045 |  | 1,235,875 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,108,254 |  | 1,307,300 |  |

PROVISIONS FOR LIABILITIES | 7,674 |  | 5,947 |  |

NET ASSETS | 1,100,580 |  | 1,301,353 |  |

CAPITAL AND RESERVES

Called up share capital | 399,241 |  | 399,241 |  |

Share premium | 192,312 |  | 192,312 |  |

Capital redemption reserve | 27,693 |  | 27,693 |  |

Retained earnings | 481,334 |  | 682,107 |  |

SHAREHOLDERS' FUNDS | 1,100,580 |  | 1,301,353 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

JOSEPH TURNER LTD (REGISTERED NUMBER: 03353516)

ABRIDGED BALANCE SHEET - continued

31 MARCH 2026

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2026 and were signed on its behalf by:

Mr J A R Cieslik - Director

JOSEPH TURNER LTD (REGISTERED NUMBER: 03353516)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1. | STATUTORY INFORMATION

| Joseph Turner 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.

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 except for certain financial assets and liabilities, including current asset investments and foreign exchange forward contracts, that have been measured at fair value.

| Turnover

| Turnover represents amounts receivable for the sale of goods, excluding value added tax and trade discounts. Sales are recognised at point of despatch.

| Sales orders that are paid for at the time of order are treated as deferred income in the accounts until the point of despatch when the sale is recognised.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Motor vehicles | - | 25% straight line

| Warehouse equipment | - | 25% straight line

| Office equipment | - | 25% straight line

| Telephone equipment | - | 25% straight line

| Computer equipment | - | 33% straight line

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| 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.

JOSEPH TURNER LTD (REGISTERED NUMBER: 03353516)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

2. | ACCOUNTING POLICIES - continued

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Leasing commitments

| Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

| Pension costs and other post-retirement benefits

| The company contributes to a defined contribution pension scheme. Contributions paid during the year are charged in the profit and loss account. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.

| Share based payments

| The company has issued options to employees under an Enterprise Management Incentive plan.

| No expense was recognised on the initial issue in 2019, or in subsequent accounting periods to date, as the fair value of the options granted is not considered to be material to the financial statements.

| Financial instruments and derivatives

| Derivative financial instruments are recognised at their fair value at the balance sheet date, with any gains or losses being reported in the profit and loss account.

| Government grants

| Revenue grants are credited to the profit and loss account so as to match them with the expenditure to which they relate.

| Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity are recognised in the period in which they become receivable.

| Capital grants received towards tangible fixed assets are included in creditors as deferred income and credited to the profit and loss account over the life of the asset.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 13 (2025 - 13 ) .

JOSEPH TURNER LTD (REGISTERED NUMBER: 03353516)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 April 2025 | 430,161 |  |

| Additions | 28,002 |  |

| Disposals | (1,650 | ) |

| At 31 March 2026 | 456,513 |  |

| DEPRECIATION

| At 1 April 2025 | 358,736 |  |

| Charge for year | 43,199 |  |

| Eliminated on disposal | (1,631 | ) |

| At 31 March 2026 | 400,304 |  |

| NET BOOK VALUE

| At 31 March 2026 | 56,209 |  |

| At 31 March 2025 | 71,425 |  |

5. | OTHER FINANCIAL COMMITMENTS

| The company's total rent commitment at the balance sheet date was £380,000 (2025 - £470,000) in relation to The Concept Park Unit.