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REGISTERED NUMBER: 06002742 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

TAYLORS RESIDENTIAL LETTINGS LIMITED

TAYLORS RESIDENTIAL LETTINGS LIMITED (REGISTERED NUMBER: 06002742)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TAYLORS RESIDENTIAL LETTINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: R J Taylor Esq
Mrs P M Taylor





SECRETARY: R J Taylor Esq





REGISTERED OFFICE: Invicta Business Centre
Monument Way
Orbital Park
Ashford
Kent
TN24 0HB





REGISTERED NUMBER: 06002742 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Invicta Business Centre
Monument Way
Orbital Park
Ashford
Kent
TN24 0HB

TAYLORS RESIDENTIAL LETTINGS LIMITED (REGISTERED NUMBER: 06002742)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 12,337
Tangible assets 5 6,411 13,396
6,411 25,733

CURRENT ASSETS
Debtors 6 6,977 1,197
Cash at bank 13,391 79,586
20,368 80,783
CREDITORS
Amounts falling due within one year 7 25,140 43,673
NET CURRENT (LIABILITIES)/ASSETS (4,772 ) 37,110
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,639

62,843

PROVISIONS FOR LIABILITIES 671 1,751
NET ASSETS 968 61,092

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 868 60,992
SHAREHOLDERS' FUNDS 968 61,092

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2022 and were signed on its behalf by:



R J Taylor Esq - Director



Mrs P M Taylor - Director


TAYLORS RESIDENTIAL LETTINGS LIMITED (REGISTERED NUMBER: 06002742)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Taylors Residential Lettings 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 represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of fifteen years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - in accordance with the property
Fixtures and fittings - 15% on a straight line basis
Computer equipment - 33% on a straight line basis

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
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.

Going concern
The directors are of the opinion that the company remains a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 3 ) .

TAYLORS RESIDENTIAL LETTINGS LIMITED (REGISTERED NUMBER: 06002742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 184,999
AMORTISATION
At 1 April 2021 172,662
Amortisation for year 12,337
At 31 March 2022 184,999
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 12,337

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021 54,540
Disposals (840 )
At 31 March 2022 53,700
DEPRECIATION
At 1 April 2021 41,144
Charge for year 6,985
Eliminated on disposal (840 )
At 31 March 2022 47,289
NET BOOK VALUE
At 31 March 2022 6,411
At 31 March 2021 13,396

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 4,563 294
Other debtors 2,414 903
6,977 1,197

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 1,699 2,440
Taxation and social security 20,443 37,310
Other creditors 2,998 3,923
25,140 43,673

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Other debtors includes a balance of £1,410 owed by the directors to the company at 31 March 2022.