Taylors of Oxford Limited 1621254 true 2021-01-01 2021-12-31 2021-12-31 The principal activity of the company is that of retailing but it did not trade during the year Digita Accounts Production Advanced 6.30.9574.0 true G J Taylor Mrs R A Taylor 1621254 2021-01-01 2021-12-31 1621254 2021-12-31 1621254 bus:OrdinaryShareClass1 2021-12-31 1621254 core:RetainedEarningsAccumulatedLosses 2021-12-31 1621254 core:ShareCapital 2021-12-31 1621254 core:CurrentFinancialInstruments 2021-12-31 1621254 core:CurrentFinancialInstruments core:WithinOneYear 2021-12-31 1621254 bus:FRS102 2021-01-01 2021-12-31 1621254 bus:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 1621254 bus:FullAccounts 2021-01-01 2021-12-31 1621254 bus:RegisteredOffice 2021-01-01 2021-12-31 1621254 bus:CompanySecretaryDirector1 2021-01-01 2021-12-31 1621254 bus:Director1 2021-01-01 2021-12-31 1621254 bus:OrdinaryShareClass1 2021-01-01 2021-12-31 1621254 bus:EntityNoLongerTradingButTradedInPast 2021-01-01 2021-12-31 1621254 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 1621254 countries:EnglandWales 2021-01-01 2021-12-31 1621254 2020-01-01 2020-12-31 1621254 2020-12-31 1621254 bus:OrdinaryShareClass1 2020-12-31 1621254 core:RetainedEarningsAccumulatedLosses 2020-12-31 1621254 core:ShareCapital 2020-12-31 1621254 core:CurrentFinancialInstruments 2020-12-31 1621254 core:CurrentFinancialInstruments core:WithinOneYear 2020-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 1621254

Taylors of Oxford Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2021

 

Taylors of Oxford Limited

(Registration number: 1621254)
Balance Sheet as at 31 December 2021

Note

2021
£

2020
£

Current assets

 

Stocks

3

90,051

90,051

Debtors

4

8,453

8,453

Cash at bank and in hand

 

1,109

1,109

 

99,613

99,613

Creditors: Amounts falling due within one year

6

(2,578)

(2,578)

Net assets

 

97,035

97,035

Capital and reserves

 

Called up share capital

7

10

10

Retained earnings

97,025

97,025

Shareholders' funds

 

97,035

97,035

For the financial year ending 31 December 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 25 August 2022 and signed on its behalf by:
 

.........................................
G J Taylor
Director

 

Taylors of Oxford Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
30 St Giles'
Oxford
OX1 3LE

These financial statements were authorised for issue by the Board on 25 August 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Stocks

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

3

Stocks

2021
£

2020
£

Work in progress

90,051

90,051

 

Taylors of Oxford Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

4

Debtors

Current

Note

2021
£

2020
£

Amounts owed by related parties

8,253

8,253

Other debtors

 

200

200

5

Cash and cash equivalents

2021
£

2020
£

Cash at bank

1,109

1,109

6

Creditors

Note

2021
£

2020
£

Due within one year

 

Amounts due to related parties

765

765

Accruals

 

1,813

1,813

 

2,578

2,578

7

Share capital

Allotted, called up and fully paid shares

 

2021

2020

 

No.

£

No.

£

Ordinary shares of £1 each

10

10

10

10

         

8

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2020 - 0).