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REGISTERED NUMBER: 06393709 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

TAYLOR-MADE INNS LIMITED

TAYLOR-MADE INNS LIMITED (REGISTERED NUMBER: 06393709)

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

Chartered Accountants' Report 8

TAYLOR-MADE INNS LIMITED

COMPANY INFORMATION
for the year ended 28 February 2023







DIRECTORS: N Taylor
K Brummell





REGISTERED OFFICE: The Fox Inn
Bridgnorth Road Shipley
Nr Pattingham Wolverhampton
South
Staffordshire
WV6 7EH





REGISTERED NUMBER: 06393709 (England and Wales)





ACCOUNTANTS: Accumen Business Consultancy Limited
Coventry University
Technology Park
Puma Way
Coventry
CV1 2TT

TAYLOR-MADE INNS LIMITED (REGISTERED NUMBER: 06393709)

BALANCE SHEET
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 16,167 14,738
16,167 14,738

CURRENT ASSETS
Stocks 18,399 14,120
Debtors 6 78,038 29,924
Cash at bank and in hand 48,312 121,097
144,749 165,141
CREDITORS
Amounts falling due within one year 7 169,386 145,292
NET CURRENT (LIABILITIES)/ASSETS (24,637 ) 19,849
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,470

)

34,587

CREDITORS
Amounts falling due after more than one year 8 42,750 61,750
NET LIABILITIES (51,220 ) (27,163 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (51,221 ) (27,164 )
SHAREHOLDERS' FUNDS (51,220 ) (27,163 )

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 directors acknowledge their 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-MADE INNS LIMITED (REGISTERED NUMBER: 06393709)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:





N Taylor - Director


TAYLOR-MADE INNS LIMITED (REGISTERED NUMBER: 06393709)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 February 2023


1. STATUTORY INFORMATION

Taylor-made Inns 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2008, has been amortised evenly over its estimated useful life of ten years. It has now been fully written off.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 cost

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 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.

TAYLOR-MADE INNS LIMITED (REGISTERED NUMBER: 06393709)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023


2. ACCOUNTING POLICIES - continued

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 contributes towards a workplace pension scheme. These contributions 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 22 (2022 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 59,999
AMORTISATION
At 1 March 2022
and 28 February 2023 59,999
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

TAYLOR-MADE INNS LIMITED (REGISTERED NUMBER: 06393709)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 1 7,357 202,574 4,130 214,062
Additions - 5,937 591 2,012 8,540
At 28 February 2023 1 13,294 203,165 6,142 222,602
DEPRECIATION
At 1 March 2022 - - 199,324 - 199,324
Charge for year - 7,111 - - 7,111
At 28 February 2023 - 7,111 199,324 - 206,435
NET BOOK VALUE
At 28 February 2023 1 6,183 3,841 6,142 16,167
At 28 February 2022 1 7,357 3,250 4,130 14,738

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 7,179 10,668
Directors' current accounts 14,147 10,736
Tax 4,640 -
Prepayments 52,072 8,520
78,038 29,924

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 19,000 19,000
Trade creditors 75,023 52,827
Tax 5,772 4,621
Social security and other taxes 4,462 12,399
VAT 49,627 18,549
Other creditors 393 557
Accrued expenses 15,109 37,339
169,386 145,292

TAYLOR-MADE INNS LIMITED (REGISTERED NUMBER: 06393709)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans - 1-2 years 19,000 19,000
Bank loans - 2-5 years 23,750 42,750
42,750 61,750

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
2 Ordinary 1.00 1 1

10. OTHER FINANCIAL COMMITMENTS

The company is committed to a total of £45,881 (2022: £140,135) all due within five years in respect of ongoing operating leases.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
N Taylor and K Brummell
Balance outstanding at start of year 10,736 (1,811 )
Amounts advanced 4,411 13,969
Amounts repaid (1,000 ) (1,422 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,147 10,736

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr N Taylor and Ms K Brummell.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TAYLOR-MADE INNS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Taylor-made Inns Limited for the year ended 28 February 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Taylor-made Inns Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Taylor-made Inns Limited and state those matters that we have agreed to state to the Board of Directors of Taylor-made Inns Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Taylor-made Inns Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Taylor-made Inns Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Taylor-made Inns Limited. You consider that Taylor-made Inns Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Taylor-made Inns Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Accumen Business Consultancy Limited
Coventry University
Technology Park
Puma Way
Coventry
CV1 2TT


14 November 2023