Company registration number 12927340 (England and Wales)
Turner Marine Ltd
Annual report and unaudited financial statements
For the year ended 31 October 2025
Turner Marine Ltd
Company information
Director
L Breen-Turner
Company number
12927340
Registered office
c/o DJH Chester City
Military House
24 Castle St
Chester
Cheshire
CH1 2DS
Accountants
DJH Wirral & Chester Limited
DJH Chester City
Military House
24 Castle Street
Chester
Cheshire
United kingdom
CH1 2DS
Turner Marine Ltd
Contents
Page
Director's report
1
Accountants' report
2
Statement of financial position
3
Statement of changes in equity
4
Notes to the financial statements
5 - 8
Turner Marine Ltd
Director's report
For the year ended 31 October 2025
- 1 -

The director presents his annual report and financial statements for the year ended 31 October 2025.

Principal activities

The principal activity of the company in the year under review was that of services incidental to water transportation.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

L Breen-Turner
Statement of director's responsibilities

The director is responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
L Breen-Turner
Director
13 July 2026
Turner Marine Ltd
Accountants' report to the director on the preparation of the unaudited statutory financial statements of Turner Marine Ltd for the year ended 31 October 2025
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Turner Marine Ltd for the year ended 31 October 2025 which comprise, the statement of financial position, the statement of changes in equity and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Turner Marine Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Turner Marine Ltd and state those matters that we have agreed to state to the b oard of d irectors of Turner Marine Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Turner Marine Ltd and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Turner Marine Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Turner Marine Ltd. You consider that Turner Marine Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Turner Marine Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

DJH Wirral & Chester Limited
Accountants
DJH Chester City
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS
United kingdom
13 July 2026
Turner Marine Ltd
Statement Of Financial Position
As at 31 October 2025
- 3 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,476
1,702
Current assets
Debtors
4
370
9,663
Cash at bank and in hand
14,975
1,524
15,345
11,187
Creditors: amounts falling due within one year
5
(16,472)
(12,789)
Net current liabilities
(1,127)
(1,602)
Net assets
349
100
Capital and reserves
Called up share capital
6
105
100
Profit and loss reserves
244
-
0
Total equity
349
100

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

T he members have 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 income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 13 July 2026
L Breen-Turner
Director
Company registration number 12927340 (England and Wales)
Turner Marine Ltd
Statement of changes in equity
For the year ended 31 October 2025
- 4 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 November 2023
100
31,351
31,451
Year ended 31 October 2024:
Profit and total comprehensive income
-
50,590
50,590
Dividends
-
(81,941)
(81,941)
Balance at 31 October 2024
100
-
0
100
Year ended 31 October 2025:
Profit and total comprehensive income
-
57,298
57,298
Issue of share capital
6
5
-
5
Dividends
-
(57,054)
(57,054)
Balance at 31 October 2025
105
244
349
Turner Marine Ltd
Notes to the financial statements
For the year ended 31 October 2025
- 5 -
1
Accounting policies
Company information

Turner Marine Ltd is a private company limited by shares incorporated in England and Wales. The registered office is c/o DJH Chester City, Military House, 24 Castle St, Chester, Cheshire, CH1 2DS.

1.1
Basis of preparation

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.

The financial statement are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

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

1.2
Revenue

Revenue comprises 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.

1.3
Tangible fixed assets

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

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

Computers
33% on cost
1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
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.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Turner Marine Ltd
Notes to the financial statements (continued)
For the year ended 31 October 2025
1
Accounting policies
(Continued)
- 6 -
1.7
Taxation

Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax

Current 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 balance sheet date.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.9
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.

1.10
Leases
As lessee

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.

2
Employees

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

2025
2024
Number
Number
Total
2
2
Turner Marine Ltd
Notes to the financial statements (continued)
For the year ended 31 October 2025
- 7 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2024
3,958
Additions
940
At 31 October 2025
4,898
Depreciation and impairment
At 1 November 2024
2,256
Depreciation charged in the year
1,166
At 31 October 2025
3,422
Carrying amount
At 31 October 2025
1,476
At 31 October 2024
1,702
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
370
9,663
5
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
15,759
12,599
Other taxation and social security
295
190
Other creditors
418
-
0
16,472
12,789
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
Ordinary A Shares of £1 each
5
0
5
-
0
105
100
105
100
Turner Marine Ltd
Notes to the financial statements (continued)
For the year ended 31 October 2025
- 8 -
7
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
10,090
15,917
8
Directors' transactions

In the year under review the director loaned the company a total of £770 and was repaid a total of £352. The balance owing to the Director from the company at 31/10/2025 is £418. This balance is interest free, unsecured and repayable on demand.

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