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REGISTERED NUMBER: 10852211 (England and Wales)















TAYLOR ELECTRICAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






TAYLOR ELECTRICAL LIMITED (REGISTERED NUMBER: 10852211)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TAYLOR ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mr W Taylor





REGISTERED OFFICE: Caravan Maytree Paddocks
Hawthorne Corner
Herne Bay
Kent
CT6 6TL





REGISTERED NUMBER: 10852211 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

TAYLOR ELECTRICAL LIMITED (REGISTERED NUMBER: 10852211)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 21,785 22,136

CURRENT ASSETS
Debtors 5 64,429 60,905
Cash at bank 850 422
65,279 61,327
CREDITORS
Amounts falling due within one year 6 (53,252 ) (49,074 )
NET CURRENT ASSETS 12,027 12,253
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,812

34,389

CREDITORS
Amounts falling due after more than one year 7 (19,809 ) (27,669 )
NET ASSETS 14,003 6,720

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,903 6,620
14,003 6,720

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 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.

TAYLOR ELECTRICAL LIMITED (REGISTERED NUMBER: 10852211)

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 director and authorised for issue on 19 April 2024 and were signed by:





Mr W Taylor - Director


TAYLOR ELECTRICAL LIMITED (REGISTERED NUMBER: 10852211)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Taylor Electrical 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.

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 - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

TAYLOR ELECTRICAL LIMITED (REGISTERED NUMBER: 10852211)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 9,751 22,820 2,137 34,708
Additions 4,900 - 1,406 6,306
At 31 July 2023 14,651 22,820 3,543 41,014
DEPRECIATION
At 1 August 2022 7,303 4,564 705 12,572
Charge for year 1,837 3,651 1,169 6,657
At 31 July 2023 9,140 8,215 1,874 19,229
NET BOOK VALUE
At 31 July 2023 5,511 14,605 1,669 21,785
At 31 July 2022 2,448 18,256 1,432 22,136

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Sundry debtors 64,429 58,925
VAT - 1,980
64,429 60,905

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,000 6,000
Hire purchase contracts 1,860 1,860
Corporation Tax 33,723 23,027
VAT 3,067 -
Sundry creditors 3,332 6,475
Directors' current accounts 3,768 1,515
Accrued expenses 1,502 10,197
53,252 49,074

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 11,000 17,000
Hire purchase contracts 8,809 10,669
19,809 27,669