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REGISTERED NUMBER: 03538237 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Taylor Kerr (Engineering) Ltd

Taylor Kerr (Engineering) Ltd (Registered number: 03538237)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Taylor Kerr (Engineering) Ltd

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: 03538237 (England and Wales)



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



BANKERS: Nat West Bank Plc
Picadilly & New Bond Street
63-65 Piccadilly
London
W1J 0AJ

Taylor Kerr (Engineering) Ltd (Registered number: 03538237)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 21,323 38,550

CURRENT ASSETS
Stocks 890,330 901,201
Debtors 5 2,856,613 2,347,189
Cash in hand 251 76
3,747,194 3,248,466
CREDITORS
Amounts falling due within one year 6 2,002,365 1,546,073
NET CURRENT ASSETS 1,744,829 1,702,393
TOTAL ASSETS LESS CURRENT LIABILITIES 1,766,152 1,740,943

CREDITORS
Amounts falling due after more than one
year

7

100,000

145,834
NET ASSETS 1,666,152 1,595,109

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,666,052 1,595,009
SHAREHOLDERS' FUNDS 1,666,152 1,595,109

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.

Taylor Kerr (Engineering) Ltd (Registered number: 03538237)

Balance Sheet - continued
30 June 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 28 March 2024 and were signed by:





Mr I R Webb - Director


Taylor Kerr (Engineering) Ltd (Registered number: 03538237)

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

1. STATUTORY INFORMATION

Taylor Kerr (Engineering) 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.

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 represents work done during the year, excluding value added tax.

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.

Approvals are being amortised evenly over their estimated useful life of five years.

Computer software is being amortised evenly over its estimated useful life of ten years.

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.

Taylor Kerr (Engineering) Ltd (Registered number: 03538237)

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

2. ACCOUNTING POLICIES - continued

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 59 (2022 - 52 ) .

4. INTANGIBLE FIXED ASSETS
Computer
Approvals software Totals
£    £    £   
COST
At 1 July 2022 162,675 - 162,675
Additions 3,107 954 4,061
At 30 June 2023 165,782 954 166,736
AMORTISATION
At 1 July 2022 124,125 - 124,125
Amortisation for year 21,193 95 21,288
At 30 June 2023 145,318 95 145,413
NET BOOK VALUE
At 30 June 2023 20,464 859 21,323
At 30 June 2022 38,550 - 38,550

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Amounts owed by group undertakings 2,705,340 2,190,328
Other debtors 151,273 156,861
2,856,613 2,347,189

Taylor Kerr (Engineering) Ltd (Registered number: 03538237)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 228,522 528,932
Trade creditors 650,766 295,310
Amounts owed to group undertakings 1,056,926 660,601
Taxation and social security 42,530 36,841
Other creditors 23,621 24,389
2,002,365 1,546,073

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 100,000 145,834

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

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 (Engineering) Ltd 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 (Engineering) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Taylor Kerr (Engineering) Ltd and state those matters that we have agreed to state to the director of Taylor Kerr (Engineering) Ltd 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 (Engineering) Ltd and its director for our work or for this report.

It is your duty to ensure that Taylor Kerr (Engineering) 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 Kerr (Engineering) Ltd. You consider that Taylor Kerr (Engineering) 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 Taylor Kerr (Engineering) 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.






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


28 March 2024