ACCOUNTS - Final Accounts preparation

Registered number: 11572750

TURBOGRM LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2025


TURBOGRM LIMITED REGISTERED NUMBER:11572750

BALANCE SHEET

AS AT 30 SEPTEMBER 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	233,572		233,572
Cash at bank and in hand		7,145		-
		240,717		233,572
Creditors: amounts falling due within one year	5	(434,336)		(408,749)
Net current liabilities			(193,619)		(175,177)
Total assets less current liabilities			(193,619)		(175,177)

Capital and reserves
Called up share capital	1	1
Profit and loss account	(193,620)	(175,178)
	(193,619)	(175,177)

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TURBOGRM LIMITED REGISTERED NUMBER:11572750

BALANCE SHEET (CONTINUED)

AS AT 30 SEPTEMBER 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 April 2026.

G Nezri

Director

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TURBOGRM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1.	General information

Turbogrm Limited is incorporated and domiciled in England and Wales. The registered office is 20-22 Wenlock Road, London, N1 7GU.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The company made a loss after tax for the year ended 30 September 2025 of £18,442 (2024: £28,573) resulting in an increase in the balance sheet deficit to £193,619 (2024: £175,177) at the balance sheet date. However, of this deficit £402,044 is due to a connected company which has confirmed that it does not intend to seek repayment until the company has surplus and sufficient funds.

The director expects the company to be profitable in the medium term. The connected company will continue its financial support for the foreseeable future such that the company is able to meet its ongoing liabilities as and when they fall due.

In light of this and after taking into account all information that could reasonably be expected to be available, the director is satisfied that the company will continue in operational existence for the foreseeable future, and that the going concern basis is appropriate for the preparation of the company's financial statements.

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TURBOGRM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

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TURBOGRM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Debtors

					2025	2024
					£	£


Other debtors	233,572	233,572

5.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank overdrafts	-	4
Trade creditors	3,240	3,341
Other creditors	427,736	402,044
Accruals and deferred income	3,360	3,360
	434,336	408,749

6.	Related party transactions
	Material balances with related parties arising during the year were as follows: Debtor balances (included within other debtors):

		2025	2024
		£	£

G Nezri

114,916

The maximum balance due to the company during the year was £114,916.

Nature of relationship and control

G Nezri is the sole director and shareholder of the company.

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