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REGISTERED NUMBER: 06794335 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

Taylor Trading Systems Ltd

Taylor Trading Systems Ltd (Registered number: 06794335)






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




Page

Company Information 1

Chartered Accountant's Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Taylor Trading Systems Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr I Jones
Mrs J Ebbon





REGISTERED OFFICE: 3rd Floor
23 Pilkington Avenue
Sutton Coldfield
West Midlands
B72 1LA





REGISTERED NUMBER: 06794335 (England and Wales)





ACCOUNTANT: K L Whitehouse Associates Ltd
Chartered Management Accountants
23 Pilkington Avenue
Sutton Coldfield
West Midlands
B72 1LA

Chartered Accountant's Report to the Board of Directors
on the Unaudited Financial Statements of
Taylor Trading Systems Ltd (Registered number: 06794335)

The following reproduces the text of the report prepared for the directors 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 Directors 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, I have prepared for your approval the financial statements of Taylor Trading Systems Ltd for the year ended 31 July 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 me.

As a practising member of the Chartered Institute of Management Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the Board of Directors of Taylor Trading Systems Ltd, as a body, in accordance with the terms of my engagement letter dated 6 October 2011. My work has been undertaken solely to prepare for your approval the financial statements of Taylor Trading Systems Ltd and state those matters that I have agreed to state to the Board of Directors of Taylor Trading Systems Ltd, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Taylor Trading Systems Ltd 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 Trading Systems Ltd. You consider that Taylor Trading Systems Ltd is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Taylor Trading Systems Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.






K L Whitehouse Associates Ltd
Chartered Management Accountants
23 Pilkington Avenue
Sutton Coldfield
West Midlands
B72 1LA


14 December 2023

Taylor Trading Systems Ltd (Registered number: 06794335)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,265 21,261

CURRENT ASSETS
Stocks 260,556 309,850
Debtors 5 52,455 70,125
Cash at bank and in hand 621,604 589,634
934,615 969,609
CREDITORS
Amounts falling due within one year 6 172,774 219,040
NET CURRENT ASSETS 761,841 750,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

766,106

771,830

CREDITORS
Amounts falling due after more than one
year

7

69,379

(63,000

)

PROVISIONS FOR LIABILITIES (1,596 ) (4,566 )
NET ASSETS 833,889 704,264

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 833,789 704,164
SHAREHOLDERS' FUNDS 833,889 704,264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Taylor Trading Systems Ltd (Registered number: 06794335)

Balance Sheet - continued
31 July 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 14 December 2023 and were signed on its behalf by:





Mr I Jones - Director


Taylor Trading Systems Ltd (Registered number: 06794335)

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

1. STATUTORY INFORMATION

Taylor Trading Systems 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - at varying rates on cost
Plant and machinery etc - 33% on 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.

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 9 (2022 - 8 ) .

Taylor Trading Systems Ltd (Registered number: 06794335)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 35,424 70,854 106,278
Additions - 156 156
At 31 July 2023 35,424 71,010 106,434
DEPRECIATION
At 1 August 2022 31,343 53,674 85,017
Charge for year 4,081 13,071 17,152
At 31 July 2023 35,424 66,745 102,169
NET BOOK VALUE
At 31 July 2023 - 4,265 4,265
At 31 July 2022 4,081 17,180 21,261

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 49,760 67,808
Other debtors 2,695 2,317
52,455 70,125

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 26,186 83,177
Taxation and social security 146,588 135,863
172,774 219,040

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Other creditors (69,379 ) 63,000