REGISTERED NUMBER: 05047591 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

TURNEY & ASSOCIATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M P Turney

SECRETARY:

S E Turney

REGISTERED OFFICE:

115c Milton Road

Cambridge

Cambridgeshire

CB4 1XE

REGISTERED NUMBER:

05047591 (England and Wales)

ACCOUNTANTS:

Prentis & Co LLP

Chartered Accountants

115c Milton Road

Cambridge

CB4 1XE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,649

3,652

3,649

3,652

CURRENT ASSETS

Debtors

6

1,232,656

332,004

Cash at bank and in hand

291,871

794,761

1,524,527

1,126,765

CREDITORS

Amounts falling due within one year

7

370,165

122,681

NET CURRENT ASSETS

1,154,362

1,004,084

TOTAL ASSETS LESS CURRENT LIABILITIES

1,158,011

1,007,736

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

1,148,011

997,736

SHAREHOLDERS' FUNDS

1,158,011

1,007,736

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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 November 2025 and were signed by:

M P Turney - Director

1.	STATUTORY INFORMATION

Turney & Associates 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 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 2004, has now been fully amortised.

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.

Leasehold improvements

-

10% on cost

Fixtures, fittings & equipment

-

25% on cost

Taxation

Taxation for the year comprises current 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 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.

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 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

20,000

AMORTISATION

At 1 April 2024

and 31 March 2025

20,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures,

Leasehold

fittings

improvements

& equipment

Totals

£

£

£

COST

At 1 April 2024

27,880

107,355

135,235

Additions

-

3,104

3,104

At 31 March 2025

27,880

110,459

138,339

DEPRECIATION

At 1 April 2024

27,880

103,703

131,583

Charge for year

-

3,107

3,107

At 31 March 2025

27,880

106,810

134,690

NET BOOK VALUE

At 31 March 2025

-

3,649

3,649

At 31 March 2024

-

3,652

3,652

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,232,656

332,004

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

70,283

113,347

Other creditors

5,235

4,334

Director's current account

289,647

-

Accruals and deferred income

5,000

5,000

370,165

122,681

8.	SECURED DEBTS

There is a fixed and floating charge over the company's assets for a loan to an associated company.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year rent totalling £41,596 (2024 - £29,252) was paid to MP Turney who is the director of the company.

10.	ULTIMATE CONTROLLING PARTY