REGISTERED NUMBER: 10081474 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

TURNREST LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr A D Parkinson

REGISTERED OFFICE:

869 High Road

London

N12 8QA

REGISTERED NUMBER:

10081474 (England and Wales)

ACCOUNTANTS:

AC Partners LLP

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Intangible assets

4

1,500

2,000

Tangible assets

5

96,430

109,180

97,930

111,180

CURRENT ASSETS

Debtors

6

152,643

194,024

Cash at bank and in hand

19,441

14,676

172,084

208,700

CREDITORS

Amounts falling due within one year

7

180,512

157,311

NET CURRENT (LIABILITIES)/ASSETS

(8,428

)

51,389

TOTAL ASSETS LESS CURRENT LIABILITIES

89,502

162,569

CREDITORS

Amounts falling due after more than one year

8

46,821

74,186

NET ASSETS

42,681

88,383

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

42,680

88,382

42,681

88,383

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 17 August 2026 and were signed by:

Mr A D Parkinson - Director

1.	STATUTORY INFORMATION

Turnrest 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.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

10% on reducing balance

Computer equipment

-

25% on reducing balance.

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.

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.

PENSION COSTS AND OTHER POST-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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2024 - 34 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

5,000

AMORTISATION

At 1 September 2024

3,000

Charge for year

500

At 31 August 2025

3,500

NET BOOK VALUE

At 31 August 2025

1,500

At 31 August 2024

2,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2024

3,260

135,539

4,297

143,096

Additions

-

-

358

358

Disposals

-

(4,000

)

-

(4,000

)

At 31 August 2025

3,260

131,539

4,655

139,454

DEPRECIATION

At 1 September 2024

1,843

28,962

3,111

33,916

Charge for year

213

10,445

324

10,982

Eliminated on disposal

-

(1,874

)

-

(1,874

)

At 31 August 2025

2,056

37,533

3,435

43,024

NET BOOK VALUE

At 31 August 2025

1,204

94,006

1,220

96,430

At 31 August 2024

1,417

106,577

1,186

109,180

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 September 2024

and 31 August 2025

75,000

DEPRECIATION

At 1 September 2024

8,184

Charge for year

6,682

At 31 August 2025

14,866

NET BOOK VALUE

At 31 August 2025

60,134

At 31 August 2024

66,816

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

38,565

38,067

Other debtors

114,078

155,957

152,643

194,024

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

20,712

16,788

Trade creditors

48,687

23,989

Taxation and social security

20,138

11,934

Other creditors

90,975

104,600

180,512

157,311

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

24,635

45,347

Other creditors

22,186

28,839

46,821

74,186

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

22,186

28,839