Registered number
08996269
Taylew Ltd
Unaudited Filleted Accounts
31 March 2023
Taylew Ltd
Registered number: 08996269
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,612 -
Current assets
Debtors 4 1,971 3,243
Cash at bank and in hand 48,274 30,341
50,245 33,584
Creditors: amounts falling due within one year 5 (38,460) (30,897)
Net current assets 11,785 2,687
Net assets 13,397 2,687
Capital and reserves
Called up share capital 100 100
Profit and loss account 13,297 2,587
Shareholder's funds 13,397 2,687
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M P B Raven
Director
Approved by the board on 5 October 2023
Taylew Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period where material.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 480
Additions 2,150
At 31 March 2023 2,630
Depreciation
At 1 April 2022 480
Charge for the year 538
At 31 March 2023 1,018
Net book value
At 31 March 2023 1,612
4 Debtors 2023 2022
£ £
Trade debtors 1,615 2,890
Other debtors 356 353
1,971 3,243
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 6,933 1,620
Other creditors 31,527 29,277
38,460 30,897
6 Other information
Taylew Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Barn
173 Church Road
Northfield
Birmingham
B31 2LX
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