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REGISTERED NUMBER: 01906926 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Tauber Hands Ltd

Tauber Hands Ltd (Registered number: 01906926)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Tauber Hands Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mrs G A Hands
P J Hands





SECRETARY: Mrs G A Hands





REGISTERED OFFICE: The Speech House Hotel
Speech House Road
Coleford
Gloucestershire
GL16 7EL





REGISTERED NUMBER: 01906926 (England and Wales)





ACCOUNTANTS: Thorne Widgery Accountancy Ltd
Chartered Accountants
2 Wyevale Business Park
Kings Acre
Hereford
Herefordshire
HR4 7BS

Tauber Hands Ltd (Registered number: 01906926)

Abridged Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,839,346 1,878,121
1,839,346 1,878,121

CURRENT ASSETS
Stocks 31,090 38,349
Debtors 42,493 48,672
Investments 988 988
Cash at bank and in hand 260,478 353,606
335,049 441,615
CREDITORS
Amounts falling due within one year (469,901 ) (532,070 )
NET CURRENT LIABILITIES (134,852 ) (90,455 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,704,494 1,787,666

CREDITORS
Amounts falling due after more than one
year

6

(943,437

)

(873,475

)
NET ASSETS 761,057 914,191

CAPITAL AND RESERVES
Called up share capital 75,000 75,000
Share premium 275,000 275,000
Revaluation reserve 8 664 664
Capital redemption reserve 35,000 35,000
Retained earnings 375,393 528,527
SHAREHOLDERS' FUNDS 761,057 914,191

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 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.

Tauber Hands Ltd (Registered number: 01906926)

Abridged 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 February 2024 and were signed on its behalf by:





Mrs G A Hands - Director


Tauber Hands Ltd (Registered number: 01906926)

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

1. STATUTORY INFORMATION

Tauber Hands 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five 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.

Freehold Property - Straight line over 50 years, Land - Nil
Fixtures & Fittings - 20% straight line and straight line over 30 years

All fixed assets are initially recorded at 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.

Tauber Hands Ltd (Registered number: 01906926)

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

2. ACCOUNTING POLICIES - continued

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 66 (2022 - 66 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022
and 31 May 2023 180,000
AMORTISATION
At 1 June 2022
and 31 May 2023 180,000
NET BOOK VALUE

At 31 May 2023 -
At 31 May 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 2,567,078
Additions 23,413
At 31 May 2023 2,590,491
DEPRECIATION
At 1 June 2022 688,957
Charge for year 62,188
At 31 May 2023 751,145
NET BOOK VALUE
At 31 May 2023 1,839,346
At 31 May 2022 1,878,121

Included in cost of land and buildings is freehold land of £ 500,000 (2022 - £ 500,000 ) which is not depreciated.

Tauber Hands Ltd (Registered number: 01906926)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
31.5.23 31.5.22
£    £   
Repayable otherwise than by instalments
Debentures more 5yr non-instal 118,800 118,800
Other loans more 5yrs non-inst 100,000 100,000
218,800 218,800

Debenture loan of £118,800 bears interest at 10% per annum and is considered payable after five years.

Other loans of £100,000 bears interest at 4% per annum and is considered payable after five years.

The debentures are secured by a fixed and floating charge over the company's assets.

7. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Bank loans 661,761 674,335

8. RESERVES
Revaluation
reserve
£   
At 1 June 2022
and 31 May 2023 664