Silverfin false 30/04/2023 01/05/2022 30/04/2023 Mr V C Taylor 06 November 2023 The principal activity of the Company during the financial year was that of property investment. 02041094 2023-04-30 02041094 2022-04-30 02041094 core:CurrentFinancialInstruments 2023-04-30 02041094 core:CurrentFinancialInstruments 2022-04-30 02041094 core:ShareCapital 2023-04-30 02041094 core:ShareCapital 2022-04-30 02041094 core:FurtherSpecificReserve1ComponentTotalEquity 2023-04-30 02041094 core:FurtherSpecificReserve1ComponentTotalEquity 2022-04-30 02041094 core:RetainedEarningsAccumulatedLosses 2023-04-30 02041094 core:RetainedEarningsAccumulatedLosses 2022-04-30 02041094 2022-05-01 2023-04-30 02041094 bus:FullAccounts 2022-05-01 2023-04-30 02041094 bus:SmallEntities 2022-05-01 2023-04-30 02041094 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 02041094 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 02041094 bus:Director1 2022-05-01 2023-04-30 02041094 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure

Company No: 02041094 (England and Wales)

W. TAYLOR & CO LTD

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

W. TAYLOR & CO LTD

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

W. TAYLOR & CO LTD

COMPANY INFORMATION

For the financial year ended 30 April 2023
W. TAYLOR & CO LTD

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2023
DIRECTOR Mr V C Taylor
SECRETARY Mrs S Taylor
REGISTERED OFFICE Leanne House
6 Avon Close
Weymouth
DT4 9UX
United Kingdom
COMPANY NUMBER 02041094 (England and Wales)
CHARTERED ACCOUNTANTS Albert Goodman LLP
Leanne House
6 Avon Close
Weymouth
Dorset
DT4 9UX
W. TAYLOR & CO LTD

BALANCE SHEET

As at 30 April 2023
W. TAYLOR & CO LTD

BALANCE SHEET (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Investment property 3 980,000 700,000
980,000 700,000
Current assets
Debtors 4 2,045 21,321
Cash at bank and in hand 178,829 357,683
180,874 379,004
Creditors: amounts falling due within one year 5 ( 8,500) ( 6,982)
Net current assets 172,374 372,022
Total assets less current liabilities 1,152,374 1,072,022
Provision for liabilities ( 90,218) ( 70,721)
Net assets 1,062,156 1,001,301
Capital and reserves
Called-up share capital 10,000 10,000
Fair value reserve 507,970 424,849
Profit and loss account 544,186 566,452
Total shareholders' funds 1,062,156 1,001,301

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of W. Taylor & Co Ltd (registered number: 02041094) were approved and authorised for issue by the Director on 06 November 2023. They were signed on its behalf by:

Mr V C Taylor
Director
W. TAYLOR & CO LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
W. TAYLOR & CO LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

W. Taylor & Co Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value consideration received or receivable for the rental of the property in the ordinary
course of the company's activities.
The company recognises revenue when :
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

The company is run and administered by the director for whom no formal contract of service is in place.

3. Investment property

Investment property
£
Valuation
As at 01 May 2022 700,000
Additions 177,382
Fair value movement 102,618
As at 30 April 2023 980,000

Valuation

The fair value of the investment properties at 30 April 2022 have been arrived at on the basis of valuations carried out on that date by the director. The basis of this valuation was open market value.

Historic cost

If the investment properties had been accounted for cost accounting rules, the properties would have been measured as follows:

2023 2022
£ £
Historic cost 381,812 204,430

4. Debtors

2023 2022
£ £
Other debtors 2,045 21,321

5. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 4,868 4,870
Other creditors 3,632 2,112
8,500 6,982

6. Related party transactions

The Directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 May 2022, the balance owed by the director was £21,021. During the year, £21,000 was advanced to the director, and £44,495 was repaid by the director. At 30 April 2023, the balance owed to the director was £1,474.

At 1 May 2021, the balance owed to the director was £3,904. During the year, £28,399 was advanced to the director, and £3,474 was repaid by the director. At 30 April 2022, the balance owed by the director was £21,021.