Company Registration No. 08594039 (England and Wales)
P Taylor Joinery Ltd
Unaudited accounts
for the year ended 31 July 2023
P Taylor Joinery Ltd
Unaudited accounts
Contents
P Taylor Joinery Ltd
Company Information
for the year ended 31 July 2023
Company Number
08594039 (England and Wales)
Registered Office
18 Downs View
Holybourne
Alton
Hampshire
GU34 4HY
Accountants
Black & White Chartered Certified Accountants
2-3 Stable Court
Herriard Park
Herriard
Hampshire
RG25 2PL
P Taylor Joinery Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
6,387
7,171
Cash at bank and in hand
3,718
567
Creditors: amounts falling due within one year
(18,949)
(13,129)
Net current liabilities
(6,374)
(7,143)
Called up share capital
1
1
Profit and loss account
12
27
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 April 2024 and were signed on its behalf by
Paul Taylor
Director
Company Registration No. 08594039
P Taylor Joinery Ltd
Notes to the Accounts
for the year ended 31 July 2023
P Taylor Joinery Ltd is a private company, limited by shares, registered in England and Wales, registration number 08594039. The registered office is 18 Downs View, Holybourne, Alton, Hampshire, GU34 4HY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 August 2022
2,000
17,000
19,000
At 31 July 2023
3,345
17,000
20,345
At 1 August 2022
2,000
9,829
11,829
Charge for the year
336
1,793
2,129
At 31 July 2023
2,336
11,622
13,958
At 31 July 2023
1,009
5,378
6,387
At 31 July 2022
-
7,171
7,171
Amounts falling due within one year
P Taylor Joinery Ltd
Notes to the Accounts
for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
8,570
10,967
Taxes and social security
20,926
20,527
Loans from directors
(13,295)
(19,895)
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan account
19,895
-
6,600
13,295
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).