Company Registration No. 04421412 (England and Wales)
Taylor Gibbs Limited
Unaudited accounts
for the year ended 31 March 2024
Taylor Gibbs Limited
Unaudited accounts
Contents
Taylor Gibbs Limited
Company Information
for the year ended 31 March 2024
Directors
Zia Helen Gallop
Mark Edward Vere Gallop
Company Number
04421412 (England and Wales)
Registered Office
TAYLOR GIBBS
33 HIGHGATE HIGH STREET
LONDON
N6 5JT
ENGLAND
Accountants
Direct Peak Ltd
Eventus Sunderland Road
Market Deeping
Peterborough
PE6 8FD
Taylor Gibbs Limited
Statement of financial position
as at 31 March 2024
Intangible assets
24,000
28,000
Tangible assets
22,543
29,750
Cash at bank and in hand
573,475
431,363
Creditors: amounts falling due within one year
(460,722)
(393,871)
Net current assets
134,264
49,567
Total assets less current liabilities
180,807
107,317
Provisions for liabilities
Deferred tax
(1,466)
(10,401)
Called up share capital
99
99
Profit and loss account
179,242
96,817
Shareholders' funds
179,341
96,916
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 27 July 2024 and were signed on its behalf by
Mark Edward Vere Gallop
Director
Company Registration No. 04421412
Taylor Gibbs Limited
Notes to the Accounts
for the year ended 31 March 2024
Taylor Gibbs Limited is a private company, limited by shares, registered in England and Wales, registration number 04421412. The registered office is TAYLOR GIBBS, 33 HIGHGATE HIGH STREET, LONDON, N6 5JT, ENGLAND.
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
Fixtures & fittings
25% Reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Intangible fixed assets have been provided at the following rates in order to write off the assets over their estimated useful lives:
Goodwill - 8 years straight line
4
Intangible fixed assets
Goodwill
Taylor Gibbs Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
28,366
6,650
11,615
2,881
49,512
Additions
-
-
-
1,126
1,126
At 31 March 2024
28,366
6,650
11,615
4,007
50,638
At 1 April 2023
8,510
4,546
5,797
909
19,762
Charge for the year
5,673
526
1,455
679
8,333
At 31 March 2024
14,183
5,072
7,252
1,588
28,095
At 31 March 2024
14,183
1,578
4,363
2,419
22,543
At 31 March 2023
19,856
2,104
5,818
1,972
29,750
Amounts falling due within one year
Accrued income and prepayments
12,214
11,746
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
6,381
4,762
Taxes and social security
116,811
84,093
Loans from directors
300,822
272,712
The company operates a defined contribution scheme for the benefit of its employees. The assets of the scheme are held
separately from those of the company in an independently administered fund. The pension cost charge represents contributions
payable by the company to the fund and amounted to £4,809 (2023: £4,528). Contributions totalling £Nil (2023: £920) were payable to the fund at the balance sheet date.
Taylor Gibbs Limited
Notes to the Accounts
for the year ended 31 March 2024
9
Operating lease commitments
2024
2023
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
36,500
36,500
Later than one year and not later than five years
73,000
109,500
10
Average number of employees
During the year the average number of employees was 7 (2023: 7).