REGISTERED NUMBER: 05282938 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

SOMMERVILLE TURPIN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr W A Turpin

Mr G J Sommerville

Mrs J A Turpin

REGISTERED OFFICE:

Fleming Court

Leigh Road

Eastleigh

Hampshire

SO50 9PD

BUSINESS ADDRESS:

T/a "Graham & Co"

13/15 London Street

Andover

Hampshire

SP10 2NU

REGISTERED NUMBER:

05282938 (England and Wales)

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

132,158

9,620

132,158

9,620

CURRENT ASSETS

Debtors

7

222,230

40,855

Cash at bank and in hand

7,050

196,817

229,280

237,672

CREDITORS

Amounts falling due within one year

8

266,159

227,204

NET CURRENT (LIABILITIES)/ASSETS

(36,879

)

10,468

TOTAL ASSETS LESS CURRENT LIABILITIES

95,279

20,088

CREDITORS

Amounts falling due after more than one year

9

(64,602

)

-

PROVISIONS FOR LIABILITIES

(872

)

-

NET ASSETS

29,805

20,088

CAPITAL AND RESERVES

Called up share capital

11

212

212

Capital redemption reserve

88

88

Retained earnings

29,505

19,788

SHAREHOLDERS' FUNDS

29,805

20,088

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 18 June 2026 and were signed on its behalf by:

Mr W A Turpin - Director

1.	STATUTORY INFORMATION

Sommerville Turpin 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Short leasehold

-

Over the remaining term of the lease

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

33.33% straight line

All fixed assets are initially recorded at cost.

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 balance sheet date.

Deferred tax

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

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 contributes to a defined contribution pension scheme. Contributions payable to the pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year

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 Income Statement in administrative expenses.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2025 - 19 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

300,000

AMORTISATION

At 1 February 2025

and 31 January 2026

300,000

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

6.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

Office

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2025

23,542

123,251

-

4,094

150,887

Additions

36,398

16,892

82,299

1,110

136,699

At 31 January 2026

59,940

140,143

82,299

5,204

287,586

DEPRECIATION

At 1 February 2025

23,542

116,412

-

1,313

141,267

Charge for year

1,517

3,484

7,634

1,526

14,161

At 31 January 2026

25,059

119,896

7,634

2,839

155,428

NET BOOK VALUE

At 31 January 2026

34,881

20,247

74,665

2,365

132,158

At 31 January 2025

-

6,839

-

2,781

9,620

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

43,748

19,254

Amounts owed by group undertakings

163,916

-

Other debtors

14,566

21,601

222,230

40,855

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

15,066

23,425

Hire purchase contracts

4,661

-

Trade creditors

23,557

33,066

Taxation and social security

200,570

155,153

Other creditors

22,305

15,560

266,159

227,204

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

64,602

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank overdrafts

15,066

23,425

Hire purchase contracts

69,263

-

84,329

23,425

Bank overdrafts are secured by way of a debenture.

Hire purchase contracts are secured over the fixed assets to which they relate.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

212

Ordinary

£1

212

212

12.	OTHER FINANCIAL COMMITMENTS

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £228,532 (2025: £165,923).

This amount is in relation to operating lease commitments which are payable over the next 5 years (2025: 4 years).

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2026 and 31 January 2025:

2026

2025

£

£

Mr W A Turpin and Mrs J A Turpin

Balance outstanding at start of year

4,723

29,573

Amounts advanced

46,651

72,343

Amounts repaid

(51,374

)

(97,193

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

4,723

Mr G J Sommerville

Balance outstanding at start of year

-

21,529

Amounts advanced

44,149

39,357

Amounts repaid

(44,149

)

(60,886

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The loans were unsecured with interest charged at HMRC approved rates.