A & M Turney Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11620619 (England and Wales)

A & M TURNEY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Mrs M B Turney

Ms J M Turney

R A Turney

Mrs M E Turney MRICS FAAV

REGISTERED OFFICE:

Cadle Pool Farm

The Ridgeway Road

Stratford on Avon

Warwickshire

CV37 9RE

REGISTERED NUMBER:

11620619 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

18 Northgate

Sleaford

Lincolnshire

NG34 7BJ

FIXED ASSETS

Tangible assets

4

6,761,491

6,462,795

Investments

5

1

Investment property

6

5,614,523

12,376,015

12,077,319

CURRENT ASSETS

Valuation

943,091

980,060

Debtors

7

732,306

921,462

Cash at bank

1,443,541

1,069,088

3,118,938

2,970,610

CREDITORS

Amounts falling due within one year

8

1,299,882

1,508,439

NET CURRENT ASSETS

1,819,056

1,462,171

TOTAL ASSETS LESS CURRENT LIABILITIES

14,195,071

13,539,490

CREDITORS

Amounts falling due after more than one year

9

(14,191

)

(68,208

)

PROVISIONS FOR LIABILITIES

(416,898

)

(403,521

)

NET ASSETS

13,763,982

13,067,761

CAPITAL AND RESERVES

Called up share capital

11

5,897,294

Share premium

4,699,428

Capital redemption reserve

1,200,000

Retained earnings

1,967,260

1,271,039

SHAREHOLDERS' FUNDS

13,763,982

13,067,761

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2026 and were signed on its behalf by:

R A Turney - Director

1.	STATUTORY INFORMATION

A & M Turney Limited 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.

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

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

5% on cost and no depreciation charged

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance, 12.5% on reducing balance, 5% on cost and 5% Reducing Balance

Tangible fixed assets are held at cost less depreciation.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stock is valued each year by the directors at the lower of cost and fair value, less costs to complete and sell after making due allowance for slow moving items. Costs include any cost of production incurred in bringing the stock to its state at the balance sheet date.

Financial instruments

The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 October 2024

5,033,758

2,547,123

7,580,881

Additions

285,812

257,849

543,661

At 30 September 2025

5,319,570

2,804,972

8,124,542

DEPRECIATION

At 1 October 2024

190,355

927,731

1,118,086

Charge for year

40,306

204,659

244,965

At 30 September 2025

230,661

1,132,390

1,363,051

NET BOOK VALUE

At 30 September 2025

5,088,909

1,672,582

6,761,491

At 30 September 2024

4,843,403

1,619,392

6,462,795

The net book value of tangible fixed assets includes £ 246,834 (2024 - £ 391,562 ) in respect of assets held under hire purchase contracts.

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 October 2024

and 30 September 2025

1

NET BOOK VALUE

At 30 September 2025

1

At 30 September 2024

1

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

and 30 September 2025

5,614,523

NET BOOK VALUE

At 30 September 2025

5,614,523

At 30 September 2024

5,614,523

The Directors consider that the fair value of the investment property to be materially correct at the balance sheet date.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

260,853

417,169

Other debtors

471,453

504,293

732,306

921,462

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Hire purchase contracts

54,018

76,128

Trade creditors

280,846

339,447

Taxation and social security

221,700

135,008

Other creditors

743,318

957,856

1,299,882

1,508,439

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Hire purchase contracts

14,191

68,208

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Hire purchase contracts

68,209

144,336

The hire purchase liabilities are secured on the assets to which they relate.

11.	CALLED UP SHARE CAPITAL

Allotted and issued shares

Number:

Class:

Nominal

2024

2023

value:

£

551

A Ordinary

£1

551

550

B Ordinary

£1

550

314

C Ordinary

£1

314

157

D Ordinary

£1

157

5,895,722

Redeemable Preference

£1

5,895,722

5,897,294

£437,500 of the Redeemable Preference shares remain unpaid at the balance sheet date. This debt is shown in other debtors. All other shares are fully paid.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors is an amount of £384,744 (2024 : £547,532) lent to the company by the directors. This loan was unsecured, interest free and repayable on demand.