993 TURBO LTD.


Director	PANESAR, Sanjeev Singh


Registered Address	25 Daisy Street
	Glasgow
	G42 8JN


Registered Number	SC555315 (Scotland)

Balance Sheet as at
31 July 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		1,635		1,042
			1,635		1,042
Current assets
Stocks		4,100		4,100
Debtors	5	125,725		162,665
Cash at bank and on hand		7,543		8,782
		137,368		175,547
Creditors amounts falling due within one year	6	(84,852)		(101,071)
Net current assets (liabilities)			52,516		74,476
Total assets less current liabilities			54,151		75,518
Net assets			54,151		75,518
Capital and reserves
Called up share capital			2		2
Profit and loss account			54,149		75,516
Shareholders' funds			54,151		75,518

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 31 July 2026, and are signed on its behalf by:

PANESAR, Sanjeev Singh
Director
Registered Company No. SC555315

993 TURBO LTD.

Notes to the Financial Statements
for the year ended 31 July 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	7		6

3.	Prior period adjustment
	The comparative figures for the year ended 31 July 2024 have been restated to correct a material error. During the current financial year, it was identified that the dividend declared in the prior period was incorrectly calculated. This error has been corrected by retrospectively restating the comparative prior year financial statements. The effect of the restatement on the financial statement line items is as follows: Current Liabilities: reduced by £25,000 Retained Earnings: increased by £25,000

Prior period adjustment

The comparative figures for the year ended 31 July 2024 have been restated to correct a material error. During the current financial year, it was identified that the dividend declared in the prior period was incorrectly calculated.

This error has been corrected by retrospectively restating the comparative prior year financial statements. The effect of the restatement on the financial statement line items is as follows:

Current Liabilities: reduced by £25,000
Retained Earnings: increased by £25,000

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 August 24	1,236
	Additions	1,051
	At 31 July 25	2,287
	Depreciation and impairment
	At 01 August 24	194
	Charge for year	458
	At 31 July 25	652
	Net book value
	At 31 July 25	1,635
	At 31 July 24	1,042

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Amounts owed by associates and joint ventures / participating interests	125,725	162,665
Total	125,725	162,665

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	23,094	18,424
Other creditors	61,758	82,647
Total	84,852	101,071

7.	Directors advances, credits and guarantees
	At the year-end, there was a balance due to the Director from 993 Turbo Ltd of £58,824 (2024: £74,749). This loan is interest-free and is repayable on demand.

8.	Controlling party
	The ultimate controlling party was Mr. S Panesar, a director and shareholder of the company.