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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
Page
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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
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Taylor Gibbs Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
24,000 
28,000 
Tangible assets
22,543 
29,750 
46,543 
57,750 
Current assets
Debtors
21,511 
12,075 
Cash at bank and in hand
573,475 
431,363 
594,986 
443,438 
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)
Net assets
179,341 
96,916 
Capital and reserves
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
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Taylor Gibbs Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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 
£ 
Cost
At 1 April 2023
32,000 
At 31 March 2024
32,000 
Amortisation
At 1 April 2023
4,000 
Charge for the year
4,000 
At 31 March 2024
8,000 
Net book value
At 31 March 2024
24,000 
At 31 March 2023
28,000 
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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 
Depreciation
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 
Net book value
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 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,075 
300 
Accrued income and prepayments
12,214 
11,746 
Other debtors
222 
29 
21,511 
12,075 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
36,708 
32,304 
Trade creditors
6,381 
4,762 
Taxes and social security
116,811 
84,093 
Loans from directors
300,822 
272,712 
460,722 
393,871 
8
Pension commitments
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.
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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 
109,500 
146,000 
10
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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