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REGISTERED NUMBER: 10168644 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Taylors Mortgages & Protection Ltd

Taylors Mortgages & Protection Ltd (Registered number: 10168644)






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


Taylors Mortgages & Protection Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: M Taylor





REGISTERED OFFICE: 794 High Street
Kingswinford
West Midlands
DY6 8BQ





BUSINESS ADDRESS: 27 Henzel Croft
Brierley Hill
West Midlands
DY5 3AL





REGISTERED NUMBER: 10168644 (England and Wales)





ACCOUNTANTS: Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
West Midlands
DY6 8BQ

Taylors Mortgages & Protection Ltd (Registered number: 10168644)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,077 2,410

CURRENT ASSETS
Cash at bank 24,095 32,369

CREDITORS
Amounts falling due within one year 5 28,039 34,268
NET CURRENT LIABILITIES (3,944 ) (1,899 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,133

511

PROVISIONS FOR LIABILITIES 965 458
NET ASSETS 168 53

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 68 (47 )
SHAREHOLDERS' FUNDS 168 53

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.

Taylors Mortgages & Protection Ltd (Registered number: 10168644)

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 25 October 2023 and were signed by:





M Taylor - Director


Taylors Mortgages & Protection Ltd (Registered number: 10168644)

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

1. STATUTORY INFORMATION

Taylors Mortgages & Protection 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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% 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.

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 ) .

Taylors Mortgages & Protection Ltd (Registered number: 10168644)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2022 1,678 4,222 5,900
Additions 2,347 2,451 4,798
At 31 May 2023 4,025 6,673 10,698
DEPRECIATION
At 1 June 2022 936 2,554 3,490
Charge for year 772 1,359 2,131
At 31 May 2023 1,708 3,913 5,621
NET BOOK VALUE
At 31 May 2023 2,317 2,760 5,077
At 31 May 2022 742 1,668 2,410

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other loans 13,001 17,281
Tax 6,628 6,186
Directors' current accounts 7,744 10,225
Accrued expenses 666 576
28,039 34,268

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Retained
earnings
£   

At 1 June 2022 (47 )
Profit for the year 31,615
Dividends (31,500 )
At 31 May 2023 68

Taylors Mortgages & Protection Ltd (Registered number: 10168644)

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

8. RELATED PARTY DISCLOSURES

The company paid dividends to its director Mr M Taylor in the year under review totalling £25,200

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Taylor.