REGISTERED NUMBER: SC652697 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

Turner Retail Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Arshad

Mrs S Arshad

REGISTERED OFFICE:

Unit 3

37 Rosyth Road

Morris Park

Glasgow

G 0YE

REGISTERED NUMBER:

SC652697 (Scotland)

ACCOUNTANTS:

KPP Glasgow South Ltd

Chartered Certified Accountants

Unit 3 , 37 Rosyth Road

Morris Park

Glasgow

G5 0YE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

114,948

138,717

114,948

138,717

CURRENT ASSETS

Stocks

6

39,782

40,035

Debtors

7

8,700

-

Cash at bank and in hand

85,180

170,104

133,662

210,139

CREDITORS

Amounts falling due within one year

8

47,953

69,345

NET CURRENT ASSETS

85,709

140,794

TOTAL ASSETS LESS CURRENT LIABILITIES

200,657

279,511

PROVISIONS FOR LIABILITIES

21,841

26,356

NET ASSETS

178,816

253,155

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

178,716

253,055

SHAREHOLDERS' FUNDS

178,816

253,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 11 March 2026 and were signed on its behalf by:

M Arshad - Director

1.	STATUTORY INFORMATION

Turner Retail 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

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 19 (2025 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

60,000

AMORTISATION

At 1 February 2025

and 31 January 2026

60,000

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2025

7,171

100,081

118,620

17,656

243,528

Additions

-

4,421

-

-

4,421

At 31 January 2026

7,171

104,502

118,620

17,656

247,949

DEPRECIATION

At 1 February 2025

2,215

45,343

51,420

5,833

104,811

Charge for year

743

8,874

16,800

1,773

28,190

At 31 January 2026

2,958

54,217

68,220

7,606

133,001

NET BOOK VALUE

At 31 January 2026

4,213

50,285

50,400

10,050

114,948

At 31 January 2025

4,956

54,738

67,200

11,823

138,717

6.

STOCKS

31.1.26

31.1.25

£

£

Stocks

39,782

40,035

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Tax

8,700

-

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade creditors

29,163

41,793

Tax

45

8,637

Social security and other taxes

5,241

978

VAT

5,509

9,939

Accrued expenses

7,995

7,998

47,953

69,345

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

£

100

Ordinary

£1

100

100