Turnbuckle Services Ltd Accounts






Turnbuckle Services Ltd

	Company No. 14487935
		Information for Filing with The Registrar
		30 November 2025

The Director presents his report and the accounts for the year ended 30 November 2025.

Principal activities
The principal activity of the company during the year under review was locksmiths.




Director

The Director who served at any time during the year was as follows:

M. Lubbock









































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

M. Lubbock
Director
24 August 2026

at	30 November 2025
Company No.		14487935	Notes	2025	2024
				£	£
Fixed assets
	Intangible assets		4	6,460	9,280
	Tangible assets		5	11,558	13,598


				18,018	22,878
Current assets

	Debtors		6	27,391	556

	Cash at bank and in hand			19,452	14,234
				46,843	14,790
Creditors: Amount falling due within one year			7	(20,545)	(10,833)
Net current assets				26,298	3,957
Total assets less current liabilities				44,316	26,835




Net assets				44,316	26,835

Capital and reserves
	Called up share capital			10	10



	Profit and loss account		9	44,306	26,825

Total equity				44,316	26,835



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 30 November 2025 the company was entitled to exemption from audit 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 24 August 2026 and signed on its behalf by:
M. Lubbock
Director
24 August 2026

for the year ended 30 November 2025

General information

Turnbuckle Services Ltd is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 14487935

Its registered office is:

18 Monckton Crescent

Lowestoft

Suffolk

NR32 2QY

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• 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 economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Motor vehicles

15% Reducing balance

Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the year was:	2	1

4	Intangible fixed assets
			Other	Total
			£	£
		Cost
		At 1 December 2024	14,100	14,100


		At 30 November 2025	14,100	14,100
		Amortisation and impairment
		At 1 December 2024	4,820	4,820
		Charge for the year	2,820	2,820


		At 30 November 2025	7,640	7,640
		Net book values
		At 30 November 2025	6,460	6,460
		At 30 November 2024	9,280	9,280

5	Tangible fixed assets
			Motor vehicles	Total
			£	£
		Cost or revaluation
		At 1 December 2024	15,998	15,998




		At 30 November 2025	15,998	15,998
		Depreciation
		At 1 December 2024	2,400	2,400
		Charge for the year	2,040	2,040



		At 30 November 2025	4,440	4,440
		Net book values
		At 30 November 2025	11,558	11,558
		At 30 November 2024	13,598	13,598

6	Debtors
			2025	2024
			£	£
		Trade debtors	26,028	556





		Other debtors	1,363	-

			27,391	556

7	Creditors:
		amounts falling due within one year
			2025	2024
			£	£

		Bank loans and overdrafts	-	174




		Taxes and social security	18,436	9,400
		Loans from directors	464	464
		Other creditors	795	-
		Accruals and deferred income	850	795
			20,545	10,833

Share Capital

The company was incorporated with 100 £0.10 ordinary shares, which are fully paid at par.

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

10	Dividends
			2025	2024
			£	£
		Dividends for the period:
		Dividends paid in the period	20,000	8,000

			20,000	8,000

		Dividends by type:

		Equity dividends	20,000	8,000
			20,000	8,000

Related party disclosures

Transactions with related parties

Included within other creditors is balance of £795 owed to Turnbuckle Communications Ltd, a company with common director and shareholder. The balance is interest free and repayable on demand. During the year the company made sales totalling £20,000 to Turnbuckle Communications Ltd. The fee related to management charges. At the year end there was a balance owed to the company from Turnbuckle Communications Ltd included in trade debtors of £24,000 ( 2024 : £NIL).