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REGISTERED NUMBER: 03757129 (England and Wales)

















Unaudited Financial Statements for the Year Ended 30 March 2023

for

Taylor Woolhouse Limited

Taylor Woolhouse Limited (Registered number: 03757129)






Contents of the Financial Statements
for the Year Ended 30 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Taylor Woolhouse Limited

Company Information
for the Year Ended 30 March 2023







DIRECTOR: Mr R W Taylor





SECRETARY: Mrs L K Taylor





REGISTERED OFFICE: Mangham Way
Barbot Hall Industrial Estate
Rotherham
South Yorkshire
S61 4RL





REGISTERED NUMBER: 03757129 (England and Wales)





ACCOUNTANTS: SMH Haywood & Co Limited
24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT

Taylor Woolhouse Limited (Registered number: 03757129)

Balance Sheet
30 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 8,793 7,370

CURRENT ASSETS
Stocks 51,585 11,867
Debtors 5 925,935 711,535
977,520 723,402
CREDITORS
Amounts falling due within one year 6 (184,376 ) (91,392 )
NET CURRENT ASSETS 793,144 632,010
TOTAL ASSETS LESS CURRENT LIABILITIES 801,937 639,380

PROVISIONS FOR LIABILITIES (2,198 ) (1,400 )
NET ASSETS 799,739 637,980

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 799,737 637,978
SHAREHOLDERS' FUNDS 799,739 637,980

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2023 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.

Taylor Woolhouse Limited (Registered number: 03757129)

Balance Sheet - continued
30 March 2023


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 director and authorised for issue on 6 October 2023 and were signed by:





Mr R W Taylor - Director


Taylor Woolhouse Limited (Registered number: 03757129)

Notes to the Financial Statements
for the Year Ended 30 March 2023

1. STATUTORY INFORMATION

Taylor Woolhouse 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.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 NIL (2022 - NIL).

Taylor Woolhouse Limited (Registered number: 03757129)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 31 March 2022 22,712 5,113 5,600 4,237 37,662
Additions 3,070 - - - 3,070
At 30 March 2023 25,782 5,113 5,600 4,237 40,732
DEPRECIATION
At 31 March 2022 17,301 4,210 5,593 3,188 30,292
Charge for year 1,211 182 7 247 1,647
At 30 March 2023 18,512 4,392 5,600 3,435 31,939
NET BOOK VALUE
At 30 March 2023 7,270 721 - 802 8,793
At 30 March 2022 5,411 903 7 1,049 7,370

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 287,668 139,062
Amounts owed by group undertakings 637,850 571,968
Prepayments 417 505
925,935 711,535

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 114,987 61,620
Tax 37,796 22,820
VAT 28,693 4,437
Accruals and deferred income 2,900 2,515
184,376 91,392

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary shares £1 2 2

Taylor Woolhouse Limited (Registered number: 03757129)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

8. RELATED PARTY DISCLOSURES

Debtors include £637,850.29 (2022 - £571,968 ) due from Taylor Woolhouse Holdings Limited.

Management fees totalling £245,000 (2022 - £232,000) were paid to Taylor Woolhouse Holdings Limited in the year.






The controlling party is Taylor Woolhouse Holdings Limited.

The ultimate controlling party is Mr R W Taylor.