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Unaudited Financial Statements for the Year Ended 31 October 2021

for

Taylor Carpentry Ltd

Taylor Carpentry Ltd (Registered number: 10880489)






Contents of the Financial Statements
for the Year Ended 31 October 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Taylor Carpentry Ltd

Company Information
for the Year Ended 31 October 2021







DIRECTORS: A D Taylor
D G Taylor





REGISTERED OFFICE: 18 Mortimer Gardens
Tadley
RG26 3UP





REGISTERED NUMBER: 10880489 (England and Wales)





ACCOUNTANTS: Peter Upton
Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR

Taylor Carpentry Ltd (Registered number: 10880489)

Balance Sheet
31 October 2021

31.10.21 31.10.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,198 25,797

CURRENT ASSETS
Debtors 5 54,964 20,560
Cash at bank 8,865 23,850
63,829 44,410
CREDITORS
Amounts falling due within one year 6 25,351 13,324
NET CURRENT ASSETS 38,478 31,086
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,676

56,883

CREDITORS
Amounts falling due after more than one year 7 (20,178 ) (26,497 )

PROVISIONS FOR LIABILITIES 8 (3,267 ) (4,901 )
NET ASSETS 32,231 25,485

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 32,230 25,484
SHAREHOLDERS' FUNDS 32,231 25,485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 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 18 August 2022 and were signed on its behalf by:





A D Taylor - Director


Taylor Carpentry Ltd (Registered number: 10880489)

Notes to the Financial Statements
for the Year Ended 31 October 2021

1. STATUTORY INFORMATION

Taylor Carpentry Ltd 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2020
and 31 October 2021 34,396
DEPRECIATION
At 1 November 2020 8,599
Charge for year 8,599
At 31 October 2021 17,198
NET BOOK VALUE
At 31 October 2021 17,198
At 31 October 2020 25,797

Taylor Carpentry Ltd (Registered number: 10880489)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2021

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.21 31.10.20
£    £   
Trade debtors 4,552 -
Other debtors 49,474 19,277
Directors' current accounts - 442
VAT 938 841
54,964 20,560

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.21 31.10.20
£    £   
Trade creditors 620 4,414
Tax 11,146 1,076
Loan 6,319 6,319
Credit card 632 -
Directors' current accounts 3,779 -
Accrued expenses 2,855 1,515
25,351 13,324

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.21 31.10.20
£    £   
Loan 20,178 26,497

8. PROVISIONS FOR LIABILITIES
31.10.21 31.10.20
£    £   
Deferred tax 3,267 4,901

Deferred
tax
£   
Balance at 1 November 2020 4,901
Deferred tax (1,634 )
Balance at 31 October 2021 3,267

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.10.21 31.10.20
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Retained
earnings
£   

At 1 November 2020 25,484
Profit for the year 35,963
Dividends (29,217 )
At 31 October 2021 32,230