2022-02-01 02770862 2023-01-31 02770862 2022-02-01 2023-01-31 02770862 2022-01-31 02770862 2021-02-01 2022-01-31 02770862 uk-core:WithinOneYear 2022-01-31 02770862 uk-core:WithinOneYear 2023-01-31 02770862 uk-core:ShareCapital 2023-01-31 02770862 uk-core:ShareCapital 2022-01-31 02770862 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 02770862 uk-core:RetainedEarningsAccumulatedLosses 2022-01-31 02770862 uk-bus:Director1 2022-02-01 2023-01-31 02770862 uk-core:Buildings 2022-02-01 2023-01-31 02770862 uk-core:PlantMachinery 2022-02-01 2023-01-31 02770862 uk-core:Vehicles 2022-02-01 2023-01-31 02770862 uk-core:CostValuation 2022-01-31 02770862 uk-core:CostValuation 2023-01-31 02770862 uk-core:ProvisionsForImpairmentInvestments 2022-01-31 02770862 uk-core:ProvisionsForImpairmentInvestments 2023-01-31 iso4217:GBP xbrli:pure 02770862 uk-bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 02770862 uk-bus:FRS102 2022-02-01 2023-01-31 02770862 uk-bus:FullAccounts 2022-02-01 2023-01-31 02770862 uk-bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31
Taylor Contractors Plant & Construction Limited
Registered Number:02770862
For the year ended 31 January 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2023
Taylor Contractors Plant & Construction Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
02770862
As at 31 January 2023
Taylor Contractors Plant & Construction Limited
Abridged Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
2
Property, plant and equipment
113,550
120,410
Financial assets
32,349
32,349
145,899
152,759
Current assets
Inventories
750
750
3
Trade and other receivables
14,512
7,013
44,775
Cash and cash equivalents
21,989
29,752
60,037
Trade and other payables: amounts falling due within one year
(96,190)
(97,591)
(36,153)
(67,839)
Net current liabilities
Total assets less current liabilities
78,060
116,606
(2,648)
(3,531)
Provisions for liabilities
75,412
Net assets
113,075
Capital and reserves
Called up share capital
2
2
Retained earnings
75,410
113,073
75,412
113,075
Shareholders' funds
For the year ended 31 January 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
All the members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for
the year ended 31 January 2023 in accordance with Section 444 (2A) of the Companies Act 2006.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
1 of 4
4
Registered Number :
02770862
For the year ended 31 January 2023
Taylor Contractors Plant & Construction Limited
Abridged Statement of Financial Position Continued
Mr Thomas Taylor Director
These financial statements were approved and authorised for issue by the Board on 16 October 2023 and were signed by:
The notes form part of these financial statements
2 of 4
5
For the year ended 31 January 2023
Taylor Contractors Plant & Construction Limited
Notes to the Financial Statements
Statutory Information
Taylor Contractors Plant & Construction Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 02770862.
Registered address:
Trinity Chambers
8 Suez Street
Warrington
WA1 1EG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
2% Straight line
Plant and machinery
25% Reducing balance
25% Reducing balance
Motor vehicles
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected useful lives are
sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The directors
undertake an annual impairment review of these properties.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
3 of 4
6
For the year ended 31 January 2023
Taylor Contractors Plant & Construction Limited
Notes to the Financial Statements Continued
2. Fixed assets
Property, plant
and equipment
Investments
Total
£
Cost or valuation
At 01 February 2022
441,119
408,770
32,349
At 31 January 2023
441,119
408,770
32,349
Provision for depreciation, amortisation
and impairment
At 01 February 2022
288,360
288,360
-
6,860
6,860
-
Charge for year
At 31 January 2023
295,220
295,220
-
Net book value
At 31 January 2023
145,899
113,550
32,349
At 31 January 2022
152,759
120,410
32,349
3. Inventories
2022
2023
£
£
Stocks
750
750
4. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
4 of 4