Company registration number 08976661 (England and Wales)
TURBOSMART UK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
TURBOSMART UK LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
TURBOSMART UK LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
20,794
27,782
Current assets
Stocks
221,120
202,287
Debtors
4
72,120
66,256
Cash at bank and in hand
77,765
42,131
371,005
310,674
Creditors: amounts falling due within one year
5
(121,388)
(131,769)
Net current assets
249,617
178,905
Total assets less current liabilities
270,411
206,687
Creditors: amounts falling due after more than one year
6
(18,846)
(17,367)
Provisions for liabilities
(5,125)
(162)
Net assets
246,440
189,158
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
246,439
189,157
Total equity
246,440
189,158
TURBOSMART UK LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 23 June 2026
N Cooper
Director
Company registration number 08976661 (England and Wales)
TURBOSMART UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Turbosmart UK Limited is a private company, limited by shares, incorporated in England and Wales. The registered office is Cornerblock, 2 Cornwall Street, Birmingham, West Midlands, England, B3 2DX. The company registration number is 08976661.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turbosmart UK Limited is a wholly owned subsidiary of Turbosmart Pty Limited and the results of Turbosmart UK Limited are included in the consolidated financial statements of Turbosmart Pty Limited which are available from it's registered office address.

1.2
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and equipment
33% straight line basis
Computers
33% straight line basis
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of an asset, and is credited or charged to the profit and loss account.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or los s.

TURBOSMART UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

TURBOSMART UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
3
3
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2025
8,876
3,435
38,604
50,915
Additions
-
0
782
23,870
24,652
Disposals
-
0
-
0
(38,604)
(38,604)
At 31 December 2025
8,876
4,217
23,870
36,963
Depreciation and impairment
At 1 January 2025
5,336
2,718
15,079
23,133
Depreciation charged in the year
1,392
755
5,968
8,115
Eliminated in respect of disposals
-
0
-
0
(15,079)
(15,079)
At 31 December 2025
6,728
3,473
5,968
16,169
Carrying amount
At 31 December 2025
2,148
744
17,902
20,794
At 31 December 2024
3,540
717
23,525
27,782
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
72,120
66,256
TURBOSMART UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
13,502
4,201
Amounts owed to group undertakings
50,408
87,240
Corporation tax
16,104
-
0
Other taxation and social security
28,570
25,092
Other creditors
10,063
12,495
Accruals and deferred income
2,741
2,741
121,388
131,769
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
18,846
17,367
7
Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administrated fun d. The pension cost charge represents contributions payable by the Company to the fund and amounted to £3,511 (202 4: £4,322). Contributions totalling £432 (202 4: £414) were payable to the fund at the balance sheet date and are included within creditors.

8
Parent company

The parent company of Turbosmart Limited is Turbosmart Pty Limited and it's principal place of business is 476 - 478 Victoria Street, Wetherill Park, New South Wales, 2164, Australia.

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