IRIS Accounts Production v23.2.0.158 06058762 director 1.3.22 28.2.23 28.2.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure060587622022-02-28060587622023-02-28060587622022-03-012023-02-28060587622021-02-28060587622021-03-012022-02-28060587622022-02-2806058762ns16:EnglandWales2022-03-012023-02-2806058762ns15:PoundSterling2022-03-012023-02-2806058762ns11:Director12022-03-012023-02-2806058762ns11:PrivateLimitedCompanyLtd2022-03-012023-02-2806058762ns11:SmallEntities2022-03-012023-02-2806058762ns11:AuditExempt-NoAccountantsReport2022-03-012023-02-2806058762ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2806058762ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-2806058762ns11:FullAccounts2022-03-012023-02-2806058762ns11:OrdinaryShareClass12022-03-012023-02-2806058762ns11:CompanySecretary12022-03-012023-02-2806058762ns11:RegisteredOffice2022-03-012023-02-2806058762ns6:CurrentFinancialInstruments2023-02-2806058762ns6:CurrentFinancialInstruments2022-02-2806058762ns6:ShareCapital2023-02-2806058762ns6:ShareCapital2022-02-2806058762ns6:RetainedEarningsAccumulatedLosses2023-02-2806058762ns6:RetainedEarningsAccumulatedLosses2022-02-2806058762ns6:PlantMachinery2022-03-012023-02-2806058762ns6:ComputerEquipment2022-03-012023-02-2806058762ns6:PlantMachinery2022-02-2806058762ns6:ComputerEquipment2022-02-2806058762ns6:PlantMachinery2023-02-2806058762ns6:ComputerEquipment2023-02-2806058762ns6:PlantMachinery2022-02-2806058762ns6:ComputerEquipment2022-02-2806058762ns11:OrdinaryShareClass12023-02-28
REGISTERED NUMBER: 06058762 (England and Wales)















Financial Statements for the Year Ended 28 February 2023

for

Jo Taylor Ltd

Jo Taylor Ltd (Registered number: 06058762)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jo Taylor Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: J C Taylor





SECRETARY: J J Hadleigh





REGISTERED OFFICE: Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 06058762 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Jo Taylor Ltd (Registered number: 06058762)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,408 1,042

CURRENT ASSETS
Stocks 6,400 5,100
Debtors 5 - 309
Cash at bank 48,559 66,440
54,959 71,849
CREDITORS
Amounts falling due within one year 6 27,263 41,101
NET CURRENT ASSETS 27,696 30,748
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,104

31,790

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 29,004 31,690
SHAREHOLDERS' FUNDS 29,104 31,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Jo Taylor Ltd (Registered number: 06058762)

Balance Sheet - continued
28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 November 2023 and were signed by:





J C Taylor - Director


Jo Taylor Ltd (Registered number: 06058762)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Jo Taylor 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
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 - 15% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Jo Taylor Ltd (Registered number: 06058762)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


2. ACCOUNTING POLICIES - continued

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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 March 2022 365 3,337 3,702
Additions - 740 740
Disposals - (559 ) (559 )
At 28 February 2023 365 3,518 3,883
DEPRECIATION
At 1 March 2022 102 2,558 2,660
Charge for year 39 320 359
Eliminated on disposal - (544 ) (544 )
At 28 February 2023 141 2,334 2,475
NET BOOK VALUE
At 28 February 2023 224 1,184 1,408
At 28 February 2022 263 779 1,042

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Prepayments - 309

Jo Taylor Ltd (Registered number: 06058762)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Corporation tax 2,457 10,643
Social security and other taxes 408 100
VAT 3,645 2,739
Other creditors - 833
Directors' current accounts 18,341 23,936
Accrued expenses 2,412 2,850
27,263 41,101

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J C Taylor.