2021-01-012021-12-312021-12-31false05044926TAURUS LOGISTICS 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TAURUS LOGISTICS LIMITED

Registered Number
05044926
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2021

TAURUS LOGISTICS LIMITED
Company Information
for the year from 1 January 2021 to 31 December 2021

Directors

WILLIS, Sian Rosemary

Registered Address

18 Parc Erissey Industrial Estate,
New Portreath Road
Redruth
TR16 4HZ

Registered Number

05044926 (England and Wales)
TAURUS LOGISTICS LIMITED
Balance Sheet as at
31 December 2021

Notes

2021

2020

£

£

£

£

Fixed assets
Tangible assets5164,884198,868
164,884198,868
Current assets
Stocks8,498-
Debtors554,585272,362
Cash at bank and on hand126,290259,083
689,373531,445
Creditors amounts falling due within one year(441,984)(414,523)
Net current assets (liabilities)247,389116,922
Total assets less current liabilities412,273315,790
Creditors amounts falling due after one year(67,220)(115,532)
Provisions for liabilities(31,328)(35,885)
Net assets313,725164,373
Capital and reserves
Called up share capital22
Profit and loss account313,723164,371
Shareholders' funds313,725164,373
The financial statements were approved and authorised for issue by the Director on 12 August 2022, and are signed on its behalf by:
WILLIS, Sian Rosemary
Director
Registered Company No. 05044926
TAURUS LOGISTICS LIMITED
Notes to the Financial Statements
for the year ended 31 December 2021

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery25-
Fixtures and fittings10-
Vehicles20-
Office Equipment-4
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20212020
Average number of employees during the year3537
5.Property, plant and equipment

Total

£
Cost or valuation
At 01 January 21498,223
Additions4,822
At 31 December 21503,045
Depreciation and impairment
At 01 January 21299,356
Charge for year38,805
At 31 December 21338,161
Net book value
At 31 December 21164,884
At 31 December 20198,868
6.Directors benefits

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
WILLIS, Sian Rosemary0200,0000200,000
Loan to Director
0200,0000200,000