W and K Turner Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 12014663

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		382,585		384,845

			382,585		384,845
CURRENT ASSETS
Stocks		210,210		196,419
Debtors	5	52,685		49,970
Cash at bank and in hand		-		73

		262,895		246,462
Creditors: Amounts Falling Due Within One Year	6	(328,397 )		(336,595 )

NET CURRENT ASSETS (LIABILITIES)			(65,502 )		(90,133 )

TOTAL ASSETS LESS CURRENT LIABILITIES			317,083		294,712

Creditors: Amounts Falling Due After More Than One Year	7		(245,715 )		(264,636 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(8,438 )		(8,852 )

NET ASSETS			62,930		21,224

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			62,830		21,124

SHAREHOLDERS' FUNDS			62,930		21,224

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W and K Turner Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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 Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs K L Turner

Director

23 October 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

W and K Turner Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12014663 . The registered office is Walton Hurst Farm, Eccleshall, Stafford, Staffordshire, ST21 6JS.

2. Accounting Policies

2.1. Basis of Preparation of 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.2. Turnover

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

Sale of goods

Turnover from the sale of milk and livestock is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover 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. This is usually on the dispatch of the goods.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.

Improvements to property	No depreciation
Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	15% on reducing balance
Computer Equipment	20% on reducing balance

2.4. Leasing and Hire Purchase Contracts

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2.5. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value using other accepted conventions to arrive at deemed cost where actual costs are not accurately ascertainable, after making allowance for obsolete and slow moving items.

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W and K Turner Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

2.7. 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.

2.8. Loans and borrowings

Loans and borrowing are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2025: 4)

4. Tangible Assets

	Land & Property
	Improvements to property	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 April 2025	338,249	250,281	65,041	6,260
Additions	-	2,462	-	3,037
Disposals	-	(150 )	-	-

As at 31 March 2026	338,249	252,593	65,041	9,297

Depreciation
As at 1 April 2025	-	213,028	60,256	3,172
Provided during the period	-	5,945	1,196	1,000
Disposals	-	(75 )	-	-

As at 31 March 2026	-	218,898	61,452	4,172

Net Book Value
As at 31 March 2026	338,249	33,695	3,589	5,125

As at 1 April 2025	338,249	37,253	4,785	3,088

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W and K Turner Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026


	Computer Equipment	Total
	£	£
Cost
As at 1 April 2025	2,667	662,498
Additions	954	6,453
Disposals	(269 )	(419 )

As at 31 March 2026	3,352	668,532

Depreciation
As at 1 April 2025	1,197	277,653
Provided during the period	482	8,623
Disposals	(254 )	(329 )

As at 31 March 2026	1,425	285,947

Net Book Value
As at 31 March 2026	1,927	382,585

As at 1 April 2025	1,470	384,845

5. Debtors

	2026	2025
	£	£
Due within one year
Prepayments and accrued income	48,029	47,865
VAT	3,994	2,105
Other taxes and social security	662	-

	52,685	49,970

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	47,386	41,614
Bank loans and overdrafts	156,231	153,492
Corporation tax	10,955	6,275
Net wages	1,048	-
Other creditors	7,876	914
Accruals and deferred income	1,999	4,806
Directors' loan accounts	102,902	129,494

	328,397	336,595

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W and K Turner Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	245,715	264,636

An analysis of the maturity of loans is given below:

Amounts falling due within one year or on demand:

	2026	2025
	£	£
Bank overdrafts	146,626	145,013
Bank loans	9,605	8,479
	156,231	153,492

Amounts falling due between one and five years:

	2026	2025
	£	£
Bank loans	245,715	264,635

8. Secured Creditors

The following secured debts are included within creditors:

	2026		2025
	£		£
Bank loans and overdrafts	401,946		418,127

9. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
74 Ordinary A shares of £ 1.00 each	74	74
26 Ordinary B shares of £ 1.00 each	26	26

	100	100

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