REGISTERED NUMBER: 08785835 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

TURNER'S TOP SHOP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P R Turner

Mrs J R Turner

REGISTERED OFFICE:

16-18 Sydney Cottage Drive

Bridgnorth

Shropshire

WV16 4PP

REGISTERED NUMBER:

08785835 (England and Wales)

ACCOUNTANTS:

Stanton Ralph & Co Limited

Chartered Accountants

The Old Police Station

Whitburn Street

Bridgnorth

Shropshire

WV16 4QP

FIXED ASSETS

-

Intangible assets

4

-

107,333

Tangible assets

5

90,448

107,333

90,448

CURRENT ASSETS

21,000

Stocks

20,800

15,925

Debtors

6

15,673

366,613

Cash at bank and in hand

454,330

403,538

490,803

CREDITORS

90,067

Amounts falling due within one year

7

107,931

313,471

NET CURRENT ASSETS

382,872

420,804

TOTAL ASSETS LESS CURRENT LIABILITIES

473,320

11,545

PROVISIONS FOR LIABILITIES

8

8,529

409,259

NET ASSETS

464,791

CAPITAL AND RESERVES

100

Called up share capital

9

100

409,159

Retained earnings

464,691

409,259

SHAREHOLDERS' FUNDS

464,791

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 24th July 2026 and were signed on its behalf by:

Mrs J R Turner - Director

Mr P R Turner - Director

1.	STATUTORY INFORMATION

Turner's Top Shop 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.	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 fair value of the consideration received or receivable net of VAT. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover for the sale of retail goods is recognised when the significant risks and rewards of ownership of the goods have been passed to the buyer, and can be measured reliably.

Commission income

Fees and commissions received are recognised in the income statement on an accruals basis as services are provided.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, has been amortised evenly over its estimated useful life of five years and has now been fully amortised.

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 etc

-

20% on cost

Stocks

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

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered 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.

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.

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 profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2025

and 31st December 2025

100,000

AMORTISATION

At 1st January 2025

and 31st December 2025

100,000

NET BOOK VALUE

At 31st December 2025

-

At 31st December 2024

-

5.	TANGIBLE FIXED ASSETS

Freehold

Motor

Totals

property

Equipment

vehicles

£

£

£

£

COST

At 1st January 2025

and 31st December 2025

225,110

96,439

101,252

27,419

DEPRECIATION

At 1st January 2025

117,777

35,286

80,798

1,693

Charge for year

16,885

4,822

6,579

5,484

At 31st December 2025

134,662

40,108

87,377

7,177

NET BOOK VALUE

At 31st December 2025

90,448

56,331

13,875

20,242

At 31st December 2024

107,333

61,153

20,454

25,726

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

5,673

5,925

Other debtors

10,000

10,000

15,673

15,925

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

17,338

5,605

Tax

26,673

27,350

Social security and other taxes

9,786

13,940

Directors' current accounts

28,370

8,374

Accrued expenses

25,764

34,798

107,931

90,067

8.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

8,529

11,545

Deferred

tax

£

Balance at 1st January 2025

11,545

Provided during year

(3,016

)

Balance at 31st December 2025

8,529

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100

Ordinary

£1

100

100