REGISTERED NUMBER: 04633425 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

J R TURNBULL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J R Turnbull

Mrs L K Turnbull

Mr M Turnbull

SECRETARY:

Mrs L K Turnbull

REGISTERED OFFICE:

Dunswell Lane

Cottingham

HU16 4JP

REGISTERED NUMBER:

04633425 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

123,173

131,919

123,173

131,919

CURRENT ASSETS

Stocks

37,700

106,200

Debtors

6

88,702

55,263

Cash at bank

-

2,767

126,402

164,230

CREDITORS

Amounts falling due within one year

7

163,033

181,047

NET CURRENT LIABILITIES

(36,631

)

(16,817

)

TOTAL ASSETS LESS CURRENT LIABILITIES

86,542

115,102

CREDITORS

Amounts falling due after more than one year

8

(60,293

)

(77,386

)

PROVISIONS FOR LIABILITIES

(14,451

)

(18,225

)

NET ASSETS

11,798

19,491

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

11,698

19,391

SHAREHOLDERS' FUNDS

11,798

19,491

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 20 October 2025 and were signed on its behalf by:

Mr M Turnbull - Director

1.	STATUTORY INFORMATION

J R Turnbull Ltd is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at Dunswell Road, Cottingham, Hull, HU16 4JP.

The principal activity of the company is that of landscapers.

The presentational currency of the financial statements is 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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover

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

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the service, have been transferred to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Motor vehicles and tractors

-

20% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making, due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis.

In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 14 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

100,000

AMORTISATION

At 1 April 2024

and 31 March 2025

100,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Motor

vehicles

Plant and

and

machinery

tractors

Totals

£

£

£

COST

At 1 April 2024

255,851

318,870

574,721

Additions

20,257

16,198

36,455

Disposals

(1,865

)

(16,800

)

(18,665

)

At 31 March 2025

274,243

318,268

592,511

DEPRECIATION

At 1 April 2024

220,857

221,945

442,802

Charge for year

13,753

29,582

43,335

Eliminated on disposal

-

(16,799

)

(16,799

)

At 31 March 2025

234,610

234,728

469,338

NET BOOK VALUE

At 31 March 2025

39,633

83,540

123,173

At 31 March 2024

34,994

96,925

131,919

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

and

tractors

£

COST

At 1 April 2024

and 31 March 2025

141,159

DEPRECIATION

At 1 April 2024

44,248

Charge for year

29,582

At 31 March 2025

73,830

NET BOOK VALUE

At 31 March 2025

67,329

At 31 March 2024

96,911

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

88,702

54,681

Prepayments and accrued income

-

582

88,702

55,263

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

23,387

-

Hire purchase contracts

16,427

20,602

Trade creditors

37,299

88,860

Corporation tax

19,999

26,809

Social security and other taxes

7,452

7,563

Wages control

18,474

16,525

VAT

24,063

15,721

Directors' current accounts

11,170

717

Accruals and deferred income

4,762

4,250

163,033

181,047

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans - 1-2 years

15,000

25,833

Hire purchase contracts

45,293

51,553

60,293

77,386

9.	RELATED PARTY DISCLOSURES

The company was under the control of Turnbull family throughout the current and previous periods. Mr J Turnbull, Mrs L Turnbull and and Mr M Turnbull are directors and shareholders.