REGISTERED NUMBER: 11187880 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2026

for

Turner & Hares Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Miss C E Powney

REGISTERED OFFICE:

25 Castle Street

Cirencester

Gloucestershire

GL7 1QD

REGISTERED NUMBER:

11187880 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

BANKERS:

Lloyds Bank

7 Carter Street

Uttoxeter

ST14 8HD

FIXED ASSETS

Tangible assets

4

2,563

1,758

CURRENT ASSETS

Stocks

48,249

50,255

Debtors

5

907

17,437

Cash at bank and in hand

37,428

50

86,584

67,742

CREDITORS

Amounts falling due within one year

6

87,492

60,496

NET CURRENT (LIABILITIES)/ASSETS

(908

)

7,246

TOTAL ASSETS LESS CURRENT LIABILITIES

1,655

9,004

CREDITORS

Amounts falling due after more than one year

7

-

(9,001

)

PROVISIONS FOR LIABILITIES

(487

)

-

NET ASSETS

1,168

3

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,166

1

SHAREHOLDERS' FUNDS

1,168

3

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 29 May 2026 and were signed by:

Miss C E Powney - Director

1.	STATUTORY INFORMATION

Turner & Hares 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.

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 each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

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 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.

Hire purchase and leasing commitments

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.

Going concern

Despite net current liabilities of £908 the director has reviewed the future cash flows of the company and with her continued financial support has prepared these accounts on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 March 2025

5,898

1,835

7,733

Additions

1,464

577

2,041

Disposals

(175

)

(941

)

(1,116

)

At 28 February 2026

7,187

1,471

8,658

Depreciation

At 1 March 2025

4,417

1,558

5,975

Charge for year

725

192

917

Eliminated on disposal

(133

)

(664

)

(797

)

At 28 February 2026

5,009

1,086

6,095

Net book value

At 28 February 2026

2,178

385

2,563

At 28 February 2025

1,481

277

1,758

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/26

28/2/25

£

£

Other debtors

907

17,437

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/26

28/2/25

£

£

Bank loans and overdrafts

9,001

15,695

Trade creditors

26,156

22,964

Taxation and social security

20,210

20,446

Other creditors

32,125

1,391

87,492

60,496

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28/2/26

28/2/25

£

£

Bank loans

-

9,001

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2026 and 28 February 2025:

28/2/26

28/2/25

£

£

Miss D E Terndrup

Balance outstanding at start of year

15,810

(17

)

Amounts advanced

31,354

34,060

Amounts repaid

(15,810

)

(18,233

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

31,354

15,810

Miss C E Powney

Balance outstanding at start of year

694

(4,573

)

Amounts advanced

-

23,500

Amounts repaid

(694

)

(18,233

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

694