REGISTERED NUMBER: SC294760 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Turnbull Services Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D J Turnbull

Mrs S R Turnbull

REGISTERED OFFICE:

Keepers Cottage

Troup

Gamrie

Banff

Aberdeenshire

AB45 3JN

REGISTERED NUMBER:

SC294760 (Scotland)

ACCOUNTANTS:

SBP

Accountants

27 Finlayson Street

Fraserburgh

Aberdeenshire

AB43 9JQ

FIXED ASSETS

Tangible assets

4

39,665

16,769

CURRENT ASSETS

Stocks

3,500

12,000

Debtors

5

115,485

121,032

Cash at bank

3,348

52,925

122,333

185,957

CREDITORS

Amounts falling due within one year

6

115,932

168,217

NET CURRENT ASSETS

6,401

17,740

TOTAL ASSETS LESS CURRENT LIABILITIES

46,066

34,509

CREDITORS

Amounts falling due after more than one year

7

(37,703

)

(29,767

)

PROVISIONS FOR LIABILITIES

(8,330

)

(4,055

)

NET ASSETS

33

687

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

31

685

SHAREHOLDERS' FUNDS

33

687

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2026 and were signed on its behalf by:

Mr D J Turnbull - Director

1.	STATUTORY INFORMATION

Turnbull Services Ltd. is a private company, limited by shares , registered in Scotland. 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 represents the amounts (excluding value added tax) derived from the provision of services to customers. Revenue is recognised at the point services are provided.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Amounts recoverable on contracts

Work in progress is recognised to the extent that it is probable that economic benefit will flow to the company and when its value can be measured with a sufficient degree of certainty and reliability based on uninvoiced work carried out as at the financial year end.

Taxation

Taxation for the year comprises current and deferred tax. 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 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 acquired under hire purchase contracts are recognised as tangible fixed assets and are depreciation over their useful lives. The liabilities are recorded, net of future finance charges, within creditors. Finance costs are charged to the Statement of Profit and Loss to produce a constant periodic interest rate on the outstanding obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

41,203

375

14,250

1,391

57,219

Additions

-

316

32,667

1,091

34,074

At 31 December 2025

41,203

691

46,917

2,482

91,293

DEPRECIATION

At 1 January 2025

27,377

52

11,859

1,162

40,450

Charge for year

3,456

128

7,012

582

11,178

At 31 December 2025

30,833

180

18,871

1,744

51,628

NET BOOK VALUE

At 31 December 2025

10,370

511

28,046

738

39,665

At 31 December 2024

13,826

323

2,391

229

16,769

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

-

35,301

Other debtors

28,859

21,385

Directors' current accounts

86,211

64,065

Prepayments

415

281

115,485

121,032

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

8,134

10,000

Hire purchase contracts

4,200

-

Trade creditors

7,143

52,230

Tax

88,739

91,615

Social security and other taxes

1,150

918

VAT

4,455

9,576

Other creditors

89

1,996

Accrued expenses

2,022

1,882

115,932

168,217

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans - 1-2 years

24,403

10,000

Bank loans - 2-5 years

-

19,767

Hire purchase contracts

13,300

-

37,703

29,767

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

£

Mr D J Turnbull

Balance outstanding at start of year

32,032

31,507

Amounts advanced

26,793

705

Amounts repaid

(8,219

)

(180

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

50,606

32,032

Mrs S R Turnbull

Balance outstanding at start of year

32,032

31,507

Amounts advanced

26,792

705

Amounts repaid

(23,219

)

(180

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

35,605

32,032

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors by virtue of them each holding 50% of the issued share capital of the company.