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REGISTERED NUMBER: 01397814 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Taylor Kerr (Couplings) Limited

Taylor Kerr (Couplings) Limited (Registered number: 01397814)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Taylor Kerr (Couplings) Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr I R Webb





SECRETARY: Miss J Webb





REGISTERED OFFICE: 4 Claridge Court
Lower Kings Road
Berkhamsted
Hertfordshire
HP4 2AF





REGISTERED NUMBER: 01397814 (England and Wales)





ACCOUNTANTS: Haines Watts (Berkhamsted) Limited
Chartered Accountants
4 Claridge Court
Lower Kings Road
Berkhamsted
Hertfordshire
HP4 2AF

Taylor Kerr (Couplings) Limited (Registered number: 01397814)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 745,547 704,030

CURRENT ASSETS
Debtors 5 2,510,757 2,325,993
Cash at bank 78,457 1,175
2,589,214 2,327,168
CREDITORS
Amounts falling due within one year 6 2,800,056 2,504,531
NET CURRENT LIABILITIES (210,842 ) (177,363 )
TOTAL ASSETS LESS CURRENT LIABILITIES 534,705 526,667

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 534,605 526,567
SHAREHOLDERS' FUNDS 534,705 526,667

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 28 March 2024 and were signed by:





Mr I R Webb - Director


Taylor Kerr (Couplings) Limited (Registered number: 01397814)

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

1. STATUTORY INFORMATION

Taylor Kerr (Couplings) 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.

Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible fixed assets
The intangible fixed assets stated in the financial statements relate to patents, approvals and trademarks.
These are amortised over the estimated useful life of;
Patents 20 years
Approvals 5 years
Trademarks 10 years

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Taylor Kerr (Couplings) Limited (Registered number: 01397814)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Patents &
Trademarks Approvals Totals
£    £    £   
COST
At 1 July 2022 775,468 185,230 960,698
Additions 86,838 30,106 116,944
At 30 June 2023 862,306 215,336 1,077,642
AMORTISATION
At 1 July 2022 142,816 113,852 256,668
Amortisation for year 41,979 33,448 75,427
At 30 June 2023 184,795 147,300 332,095
NET BOOK VALUE
At 30 June 2023 677,511 68,036 745,547
At 30 June 2022 632,652 71,378 704,030

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 756,912 680,798
Amounts owed by group undertakings 1,728,053 1,585,006
Other debtors 25,792 60,189
2,510,757 2,325,993

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 63,930 6,906
Amounts owed to group undertakings 2,709,086 2,356,157
Taxation and social security 8,143 8,132
Other creditors 18,897 133,336
2,800,056 2,504,531

7. RELATED PARTY DISCLOSURES

The company made sales in the year to Teekay Rohrkupplungen GmbH totalling £2,881,856 (2022: £2,522,073). At the balance sheet date the company was owed £169,389 (2022: £355,186) . It also made purchases from Teekay Rohrkupplungen GmbH of £73,413 (2022: £1,681). The company owed Teekay Rohrkupplungen GmbH £24,268 at the balance sheet date (2022: £nil).

IR Webb is a shareholder of Teekay Rohrkupplungen GmbH.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Taylor Kerr (Couplings) Limited

The following reproduces the text of the report prepared for the director 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 Director 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 Kerr (Couplings) Limited for the year ended 30 June 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 director of Taylor Kerr (Couplings) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Taylor Kerr (Couplings) Limited and state those matters that we have agreed to state to the director of Taylor Kerr (Couplings) Limited 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 Kerr (Couplings) Limited and its director for our work or for this report.

It is your duty to ensure that Taylor Kerr (Couplings) 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 profit of Taylor Kerr (Couplings) Limited. You consider that Taylor Kerr (Couplings) 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 Kerr (Couplings) 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.






Haines Watts (Berkhamsted) Limited
Chartered Accountants
4 Claridge Court
Lower Kings Road
Berkhamsted
Hertfordshire
HP4 2AF


28 March 2024