IRIS Accounts Production v23.3.1.45 04106085 Board of Directors Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041060852022-11-30041060852023-11-30041060852022-12-012023-11-30041060852021-11-30041060852021-12-012022-11-30041060852022-11-3004106085ns10:Originalns15:EnglandWales2022-12-012023-11-3004106085ns14:PoundSterlingns10:Original2022-12-012023-11-3004106085ns10:Originalns10:Director12022-12-012023-11-3004106085ns10:Original2022-12-012023-11-3004106085ns10:Originalns10:Director22022-12-012023-11-3004106085ns10:Original2023-11-3004106085ns10:Originalns10:PrivateLimitedCompanyLtd2022-12-012023-11-3004106085ns10:Originalns10:SmallEntities2022-12-012023-11-3004106085ns10:Originalns10:AuditExemptWithAccountantsReport2022-12-012023-11-3004106085ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3004106085ns10:SmallCompaniesRegimeForAccountsns10:Original2022-12-012023-11-3004106085ns10:Originalns10:FullAccounts2022-12-012023-11-3004106085ns10:CompanySecretary1ns10:Original2022-12-012023-11-3004106085ns10:Originalns10:RegisteredOffice2022-12-012023-11-3004106085ns10:Original2022-11-3004106085ns10:Originalns5:CurrentFinancialInstruments2023-11-3004106085ns10:Originalns5:CurrentFinancialInstruments2022-11-3004106085ns10:Originalns5:Non-currentFinancialInstruments2023-11-3004106085ns10:Originalns5:Non-currentFinancialInstruments2022-11-3004106085ns5:ShareCapitalns10:Original2023-11-3004106085ns5:ShareCapitalns10:Original2022-11-3004106085ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-11-3004106085ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-11-3004106085ns10:Originalns5:LandBuildings2022-12-012023-11-3004106085ns10:Originalns5:PlantMachinery2022-12-012023-11-3004106085ns10:Original2021-12-012022-11-3004106085ns10:Originalns5:LandBuildings2022-11-3004106085ns10:Originalns5:PlantMachinery2022-11-3004106085ns10:Original2022-11-3004106085ns10:Originalns5:LandBuildings2023-11-3004106085ns10:Originalns5:PlantMachinery2023-11-3004106085ns10:Originalns5:LandBuildings2022-11-3004106085ns10:Originalns5:PlantMachinery2022-11-3004106085ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3004106085ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3004106085ns10:Original1ns10:Director12022-11-3004106085ns10:Original1ns10:Director12021-11-3004106085ns10:Original1ns10:Director12022-12-012023-11-3004106085ns10:Original1ns10:Director12021-12-012022-11-3004106085ns10:Original1ns10:Director12023-11-3004106085ns10:Original1ns10:Director12022-11-3004106085ns10:Originalns10:Director222022-11-3004106085ns10:Originalns10:Director222021-11-3004106085ns10:Originalns10:Director222022-12-012023-11-3004106085ns10:Originalns10:Director222021-12-012022-11-3004106085ns10:Originalns10:Director222023-11-3004106085ns10:Originalns10:Director222022-11-30
REGISTERED NUMBER: 04106085 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

P.Taylor & Sons (Plasterers) Ltd

P.Taylor & Sons (Plasterers) Ltd (Registered number: 04106085)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

P.Taylor & Sons (Plasterers) Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: W Taylor
N Taylor





SECRETARY: N Taylor





REGISTERED OFFICE: 7 Weston Avenue
Swinton
Greater Manchester
M27 6PH





REGISTERED NUMBER: 04106085 (England and Wales)





ACCOUNTANTS: C J Roberts & Partners Limited
160 Elliott Street
Tyldesley
Lancashire
M29 8DS

P.Taylor & Sons (Plasterers) Ltd (Registered number: 04106085)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 223,607 231,370

CURRENT ASSETS
Stocks 600 600
Debtors 5 1,273 5,531
Cash at bank 854 -
2,727 6,131
CREDITORS
Amounts falling due within one year 6 45,917 48,661
NET CURRENT LIABILITIES (43,190 ) (42,530 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,417

188,840

CREDITORS
Amounts falling due after more than one
year

7

(172,247

)

(185,781

)

PROVISIONS FOR LIABILITIES (2,398 ) (2,853 )
NET ASSETS 5,772 206

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 5,572 6
SHAREHOLDERS' FUNDS 5,772 206

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

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

P.Taylor & Sons (Plasterers) Ltd (Registered number: 04106085)

Balance Sheet - continued
30 November 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 17 February 2024 and were signed on its behalf by:




N Taylor - Director



W Taylor - Director


P.Taylor & Sons (Plasterers) Ltd (Registered number: 04106085)

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

1. STATUTORY INFORMATION

P.Taylor & Sons (Plasterers) 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 each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost, 25% on cost and 25% on reducing balance

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 2 (2022 - 2 ) .

P.Taylor & Sons (Plasterers) Ltd (Registered number: 04106085)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 229,511 45,913 275,424
Additions - 830 830
At 30 November 2023 229,511 46,743 276,254
DEPRECIATION
At 1 December 2022 13,304 30,750 44,054
Charge for year 4,591 4,002 8,593
At 30 November 2023 17,895 34,752 52,647
NET BOOK VALUE
At 30 November 2023 211,616 11,991 223,607
At 30 November 2022 216,207 15,163 231,370

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors - 5,531
Other debtors 1,273 -
1,273 5,531

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 17,807 21,601
Trade creditors 1 -
Taxation and social security 13,338 7,076
Other creditors 14,771 19,984
45,917 48,661

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 172,247 185,781

P.Taylor & Sons (Plasterers) Ltd (Registered number: 04106085)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
N Taylor
Balance outstanding at start of year (4,935 ) (8,516 )
Amounts advanced 3,036 3,581
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,899 ) (4,935 )

W Taylor
Balance outstanding at start of year (13,300 ) (13,471 )
Amounts advanced 2,329 171
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (10,971 ) (13,300 )

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £40,000 (2022 - £33,590) were paid to the directors .

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is W Taylor.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
P.Taylor & Sons (Plasterers) Ltd

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, we have prepared for your approval the financial statements of P.Taylor & Sons (Plasterers) Ltd for the year ended 30 November 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of P.Taylor & Sons (Plasterers) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of P.Taylor & Sons (Plasterers) Ltd and state those matters that we have agreed to state to the Board of Directors of P.Taylor & Sons (Plasterers) Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that P.Taylor & Sons (Plasterers) 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 P.Taylor & Sons (Plasterers) Ltd. You consider that P.Taylor & Sons (Plasterers) Ltd 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 P.Taylor & Sons (Plasterers) Ltd. 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.






C J Roberts & Partners Limited
160 Elliott Street
Tyldesley
Lancashire
M29 8DS


1 March 2024