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REGISTERED NUMBER: 05046466 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

J S Taylor Engineering Limited

J S Taylor Engineering Limited (Registered number: 05046466)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J S Taylor Engineering Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: J S Taylor
S J Taylor





REGISTERED OFFICE: Offices 1 and 2
1A King Street
Farnworth
Bolton
Greater Manchester
BL4 7AB





REGISTERED NUMBER: 05046466 (England and Wales)





ACCOUNTANTS: Higsons Limited
Accountants
Offices 1 and 2
1A King Street
Farnworth
Bolton
Greater Manchester
BL4 7AB

J S Taylor Engineering Limited (Registered number: 05046466)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,500 3,000
Tangible assets 5 15,843 18,635
17,343 21,635

CURRENT ASSETS
Debtors 6 167,039 325,323
Cash at bank 491,002 291,221
658,041 616,544
CREDITORS
Amounts falling due within one year 7 120,025 144,974
NET CURRENT ASSETS 538,016 471,570
TOTAL ASSETS LESS CURRENT
LIABILITIES

555,359

493,205

PROVISIONS FOR LIABILITIES 8 3,961 3,541
NET ASSETS 551,398 489,664

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 551,378 489,644
SHAREHOLDERS' FUNDS 551,398 489,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

J S Taylor Engineering Limited (Registered number: 05046466)

Balance Sheet - continued
30 April 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 24 November 2023 and were signed on its behalf by:





J S Taylor - Director


J S Taylor Engineering Limited (Registered number: 05046466)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

J S Taylor Engineering 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 a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation. At the balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered impairment losses, no such losses were identified.

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.

J S Taylor Engineering Limited (Registered number: 05046466)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 30,000
AMORTISATION
At 1 May 2022 27,000
Charge for year 1,500
At 30 April 2023 28,500
NET BOOK VALUE
At 30 April 2023 1,500
At 30 April 2022 3,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2022 19,172 4,059 11,750 5,832 40,813
Additions 733 - - - 733
At 30 April 2023 19,905 4,059 11,750 5,832 41,546
DEPRECIATION
At 1 May 2022 5,838 3,268 8,032 5,040 22,178
Charge for year 2,082 119 929 395 3,525
At 30 April 2023 7,920 3,387 8,961 5,435 25,703
NET BOOK VALUE
At 30 April 2023 11,985 672 2,789 397 15,843
At 30 April 2022 13,334 791 3,718 792 18,635

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 167,039 325,323

J S Taylor Engineering Limited (Registered number: 05046466)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Taxation and social security 103,458 143,722
Other creditors 16,567 1,252
120,025 144,974

8. PROVISIONS FOR LIABILITIES
30.4.23 30.4.22
£    £   
Deferred tax
Accelerated capital allowances 3,961 3,541

Deferred
tax
£   
Balance at 1 May 2022 3,541
Charge to Income Statement during year 420
Balance at 30 April 2023 3,961