Acorah Software Products - Accounts Production 14.5.601 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 08701909 Mr Jonathon Taylor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08701909 2022-09-30 08701909 2023-09-30 08701909 2022-10-01 2023-09-30 08701909 frs-core:CurrentFinancialInstruments 2023-09-30 08701909 frs-core:PlantMachinery 2023-09-30 08701909 frs-core:PlantMachinery 2022-10-01 2023-09-30 08701909 frs-core:PlantMachinery 2022-09-30 08701909 frs-core:ShareCapital 2023-09-30 08701909 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 08701909 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 08701909 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 08701909 frs-bus:SmallEntities 2022-10-01 2023-09-30 08701909 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 08701909 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 08701909 frs-bus:Director1 2022-10-01 2023-09-30 08701909 frs-countries:EnglandWales 2022-10-01 2023-09-30 08701909 2021-09-30 08701909 2022-09-30 08701909 2021-10-01 2022-09-30 08701909 frs-core:CurrentFinancialInstruments 2022-09-30 08701909 frs-core:ShareCapital 2022-09-30 08701909 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 08701909
Taylor Plant Machinery Limited
Unaudited Financial Statements
For The Year Ended 30 September 2023
Townend English
Chartered Accountants
81-83 Market Street
Pocklington
YO42 2AE
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08701909
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,021 1,326
1,021 1,326
CURRENT ASSETS
Debtors 5 2,384 2,384
Cash at bank and in hand 955,625 943,624
958,009 946,008
Creditors: Amounts Falling Due Within One Year 6 (4,003 ) (2,351 )
NET CURRENT ASSETS (LIABILITIES) 954,006 943,657
TOTAL ASSETS LESS CURRENT LIABILITIES 955,027 944,983
NET ASSETS 955,027 944,983
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 955,026 944,982
SHAREHOLDERS' FUNDS 955,027 944,983
Page 1
Page 2
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jonathon Taylor
Director
26 March 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Taylor Plant Machinery Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08701909 . The registered office is Unit 52 Warfield Road, Kelleythorpe Industrial Estate, YO25 9DJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 18% Reducing balance
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
Page 3
Page 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 October 2022 6,826
As at 30 September 2023 6,826
Depreciation
As at 1 October 2022 5,500
Provided during the period 305
As at 30 September 2023 5,805
Net Book Value
As at 30 September 2023 1,021
As at 1 October 2022 1,326
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 2,384 2,384
2,384 2,384
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,580 1,580
Corporation tax 2,426 756
Amounts owed to related parties (3 ) 15
4,003 2,351
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 4