REGISTERED NUMBER: SC564414 (Scotland)

Unaudited Financial Statements for the Year Ended 31 May 2026

for

The Firm of Turbun Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Kadir Turbun

REGISTERED OFFICE:

144 Main Street

Barrhead

Glasgow

G78 1SG

REGISTERED NUMBER:

SC564414 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Intangible assets

4

170,277

170,277

Tangible assets

5

11,959

14,069

182,236

184,346

CURRENT ASSETS

Stock

17,500

17,000

Debtors

6

2,000

2,750

Cash at bank and in hand

13,767

9,873

33,267

29,623

CREDITORS

Amounts falling due within one year

7

86,204

90,445

NET CURRENT LIABILITIES

(52,937

)

(60,822

)

TOTAL ASSETS LESS CURRENT LIABILITIES

129,299

123,524

CREDITORS

Amounts falling due after more than one year

8

-

(2,834

)

PROVISIONS FOR LIABILITIES

9

(2,192

)

(2,576

)

NET ASSETS

127,107

118,114

CAPITAL AND RESERVES

Called up share capital

10

3

3

Retained earnings

127,104

118,111

SHAREHOLDERS' FUNDS

127,107

118,114

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 October 2026 and were signed by:

Kadir Turbun - Director

1.	STATUTORY INFORMATION

The Firm of Turbun 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 represents £150,277 paid in connection with the acquisition of a business in 2017 and £20,000 paid in connection with the acquisition of a business in 2019.

In terms of Financial Reporting Standard 102 (referred to above) goodwill should be considered to have a finite useful life and should be depreciated over that period. In the opinion of the directors, the company's goodwill will not diminish in value and is at least equal to the balance sheet figure. The directors consider it would be misleading to depreciate this figure and for this reason have not provided depreciation against it.

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.

Fittings and equipment

-

15% on reducing balance

Stocks

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

Financial instruments

Basic financial instruments, including 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 administrative expenses.

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

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

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 12 (2025 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2025

and 31 May 2026

170,277

NET BOOK VALUE

At 31 May 2026

170,277

At 31 May 2025

170,277

5.	TANGIBLE FIXED ASSETS

Fittings

and

equipment

£

COST

At 1 June 2025

and 31 May 2026

28,057

DEPRECIATION

At 1 June 2025

13,988

Charge for year

2,110

At 31 May 2026

16,098

NET BOOK VALUE

At 31 May 2026

11,959

At 31 May 2025

14,069

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

2,000

2,750

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

1,033

9,666

Taxation and social security

24,430

32,753

Other creditors

60,741

48,026

86,204

90,445

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

2,834

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

2,192

2,576

Deferred

tax

£

Balance at 1 June 2025

2,576

Credit to Statement of Income and Retained Earnings during year

(384

)

Balance at 31 May 2026

2,192

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

1

Ordinary

£1

1

1

1

A

£1

1

1

1

B

£1

1

1

3

3

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Kadir Turbun.