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REGISTERED NUMBER: 11382827 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Talbot Industries Ltd

Talbot Industries Ltd (Registered number: 11382827)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Talbot Industries Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mr N W Talbot





REGISTERED OFFICE: Kemp House
160 City Road
London
EC1V 2NX





REGISTERED NUMBER: 11382827 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

Talbot Industries Ltd (Registered number: 11382827)

Balance Sheet
31 May 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Property, plant and equipment 4 86,841 107,255

CURRENT ASSETS
Debtors 5 20,004 23,456
Cash at bank 12,362 48,274
32,366 71,730
CREDITORS
Amounts falling due within one year 6 41,731 54,198
NET CURRENT (LIABILITIES)/ASSETS (9,365 ) 17,532
TOTAL ASSETS LESS CURRENT LIABILITIES 77,476 124,787

CREDITORS
Amounts falling due after more than one
year

7

(28,965

)

(40,059

)

PROVISIONS FOR LIABILITIES 8 - (2,246 )
NET ASSETS 48,511 82,482

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 48,501 82,472
SHAREHOLDERS' FUNDS 48,511 82,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Talbot Industries Ltd (Registered number: 11382827)

Balance Sheet - continued
31 May 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 12 October 2023 and were signed by:





Mr N W Talbot - Director


Talbot Industries Ltd (Registered number: 11382827)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Talbot Industries 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
Revenue 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 reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Talbot Industries Ltd (Registered number: 11382827)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£
COST
At 1 June 2022 114,108
Additions 1,607
At 31 May 2023 115,715
DEPRECIATION
At 1 June 2022 6,853
Charge for year 22,021
At 31 May 2023 28,874
NET BOOK VALUE
At 31 May 2023 86,841
At 31 May 2022 107,255

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 8,400 13,251
Other debtors 2,520 2,525
Deferred tax asset 545 -
Prepayments 8,539 7,680
20,004 23,456

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 1,414 1,239
Hire purchase contracts 10,919 7,285
Trade creditors 736 557
Tax 6,289 22,287
Social security and other taxes 2,506 7,380
VAT 17,341 12,964
Other creditors 376 566
Directors' current accounts - 520
Accrued expenses 2,150 1,400
41,731 54,198

Talbot Industries Ltd (Registered number: 11382827)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans - 1-2 years 2,862 2,478
Bank loans - 2-5 years 8,585 7,433
Bank loans more 5 yr by instal 5,722 7,433
Hire purchase contracts 11,796 22,715
28,965 40,059

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,722 7,433

8. PROVISIONS FOR LIABILITIES
2022
£
Deferred tax 2,246

Deferred tax
£
Balance at 1 June 2022 2,246
Provided during year (2,791 )
Balance at 31 May 2023 (545 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
10 Ordinary £1 10 10