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REGISTERED NUMBER: 08678194 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

TALBOT & CO (COAL MERCHANTS) LTD

TALBOT & CO (COAL MERCHANTS) LTD (REGISTERED NUMBER: 08678194)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

TALBOT & CO (COAL MERCHANTS) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: T V Talbot





REGISTERED OFFICE: Market House
21 Lenten Street
Alton
Hampshire
GU34 1HG





REGISTERED NUMBER: 08678194 (England and Wales)





ACCOUNTANTS: Wettone Matthews Limited
Chartered Certified Accountants
Market House
21 Lenten Street
Alton
GU34 1HG

TALBOT & CO (COAL MERCHANTS) LTD (REGISTERED NUMBER: 08678194)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 16,182 6,014
16,182 6,014

CURRENT ASSETS
Stocks 52,085 46,331
Debtors 6 16,561 6,383
Cash at bank and in hand 10,994 11,276
79,640 63,990
CREDITORS
Amounts falling due within one year 7 21,091 8,273
NET CURRENT ASSETS 58,549 55,717
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,731

61,731

PROVISIONS FOR LIABILITIES 8 3,075 1,143
NET ASSETS 71,656 60,588

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 71,556 60,488
SHAREHOLDERS' FUNDS 71,656 60,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

TALBOT & CO (COAL MERCHANTS) LTD (REGISTERED NUMBER: 08678194)

BALANCE SHEET - continued
31 OCTOBER 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 26 July 2024 and were signed by:





T V Talbot - Director


TALBOT & CO (COAL MERCHANTS) LTD (REGISTERED NUMBER: 08678194)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Talbot & Co (Coal Merchants) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount transferred in connection with the commencement of the Company in 2013, is being amortised over it's estimated useful life of 5 years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

TALBOT & CO (COAL MERCHANTS) LTD (REGISTERED NUMBER: 08678194)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 1,000
AMORTISATION
At 1 November 2022
and 31 October 2023 1,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 4,025 12,977 974 17,976
Additions - 20,524 - 20,524
Disposals - (12,977 ) - (12,977 )
At 31 October 2023 4,025 20,524 974 25,523
DEPRECIATION
At 1 November 2022 3,070 8,015 877 11,962
Charge for year 239 5,131 24 5,394
Eliminated on disposal - (8,015 ) - (8,015 )
At 31 October 2023 3,309 5,131 901 9,341
NET BOOK VALUE
At 31 October 2023 716 15,393 73 16,182
At 31 October 2022 955 4,962 97 6,014

TALBOT & CO (COAL MERCHANTS) LTD (REGISTERED NUMBER: 08678194)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,062 1,290
Directors' loan account - 852
Tax 244 244
VAT 9,161 3,095
Prepayments 1,094 902
16,561 6,383

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 9,240 -
Tax 4,893 5,463
Social security and other taxes 17 -
Other creditors 2,048 -
Directors' loan account 2,035 -
Accrued expenses 2,858 2,810
21,091 8,273

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 3,075 1,143

Deferred
tax
£   
Balance at 1 November 2022 1,143
Provided during year 1,932
Deferred tax
Balance at 31 October 2023 3,075

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

At the year end the company was owed a balance of £Nil (£852 in 2022) by a director.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TALBOT & CO (COAL MERCHANTS) 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 Talbot & Co (Coal Merchants) Ltd for the year ended 31 October 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Talbot & Co (Coal Merchants) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Talbot & Co (Coal Merchants) Ltd and state those matters that we have agreed to state to the director of Talbot & Co (Coal Merchants) Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Talbot & Co (Coal Merchants) 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 Talbot & Co (Coal Merchants) Ltd. You consider that Talbot & Co (Coal Merchants) 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 Talbot & Co (Coal Merchants) 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.






Wettone Matthews Limited
Chartered Certified Accountants
Market House
21 Lenten Street
Alton
GU34 1HG


26 July 2024