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REGISTERED NUMBER: 06329858 (England and Wales)















STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2022 TO 31 DECEMBER 2023

FOR

TAYNA LIMITED

TAYNA LIMITED (REGISTERED NUMBER: 06329858)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023










Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Income Statement 8

Other Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 15


TAYNA LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023







DIRECTORS: Mr J F Coombes
Mr S W Richardson





REGISTERED OFFICE: C/O Penningtons Manches Cooper Llp
11th Floor
45 Church Street
Birmingham
West Midlands
B3 2RT





REGISTERED NUMBER: 06329858 (England and Wales)





AUDITORS: Williams Denton Cyf
Chartered Certified Accountants
Statutory Auditors
Glaslyn
Ffordd y Parc
Parc Menai
Bangor
Gwynedd
LL57 4FE

TAYNA LIMITED (REGISTERED NUMBER: 06329858)

STRATEGIC REPORT
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023


The directors present their strategic report for the period 1 November 2022 to 31 December 2023.

INTRODUCTION
Tayna Ltd is an online retailer of all types of batteries and related consumables.

GOALS
1. To provide the largest range of battery brands and parts in the UK.
2. To offer an unrivalled delivery service to our customers.
3. To offer market leading customer service.

REVIEW OF BUSINESS
During the review period the company’s turnover grew from £21.2M to £25.5M. We have continued
to expand our product offering and also improved our delivery service.

Development and Performance at Year End
The company continues to develop its operating systems. The main focus has been on
implementing an automated pricing system to track competitors and control profit margins. At
year end the company continued to perform strongly.

Position at Year End and Key Financials
The company ended in a strong position. Turnover grew from £21.2M to £25.5M. Net assets grew
from £2.7M to £2.8M.

PRINCIPAL RISKS AND UNCERTAINTIES
Rising costs continue to be the principal risk. Workforce and energy costs are the primary
concern.

ON BEHALF OF THE BOARD:





Mr J F Coombes - Director


26 July 2024

TAYNA LIMITED (REGISTERED NUMBER: 06329858)

REPORT OF THE DIRECTORS
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023


The directors present their report with the financial statements of the company for the period 1 November 2022 to 31 December 2023.

DIVIDENDS
Interim dividends totalling £6679.54 per share were paid during the period. The directors recommend that no final dividend be paid.

The total distribution of dividends for the period ended 31 December 2023 will be £ 667,954 .

DIRECTORS
The directors who have held office during the period from 1 November 2022 to the date of this report are as follows:

Mr J E Phenna - resigned 31 August 2023
Mr S B Taylor - resigned 31 August 2023
Mrs D Phenna - resigned 31 August 2023
Mrs C R Taylor - resigned 31 August 2023
Mr J F Coombes - appointed 31 August 2023
Mr S W Richardson - appointed 31 August 2023

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

TAYNA LIMITED (REGISTERED NUMBER: 06329858)

REPORT OF THE DIRECTORS
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:





Mr J F Coombes - Director


26 July 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
TAYNA LIMITED


Opinion
We have audited the financial statements of Tayna Limited (the 'company') for the period ended 31 December 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2023 and of its profit for the period then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
TAYNA LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud.

We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management and enquiries of legal counsel. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it.

We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also
addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
TAYNA LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Martin Barrett (Senior Statutory Auditor)
for and on behalf of Williams Denton Cyf
Chartered Certified Accountants
Statutory Auditors
Glaslyn
Ffordd y Parc
Parc Menai
Bangor
Gwynedd
LL57 4FE

26 July 2024

TAYNA LIMITED (REGISTERED NUMBER: 06329858)

INCOME STATEMENT
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023

Period
1.11.22
to Year Ended
31.12.23 31.10.22
Notes £    £   

TURNOVER 25,567,913 21,271,077

Cost of sales 21,985,468 18,533,693
GROSS PROFIT 3,582,445 2,737,384

Administrative expenses 2,763,105 1,417,581
819,340 1,319,803

Other operating income 53,090 130,942
OPERATING PROFIT 4 872,430 1,450,745

Interest receivable and similar income 517 49
872,947 1,450,794

Interest payable and similar expenses 5 17,203 2,327
PROFIT BEFORE TAXATION 855,744 1,448,467

Tax on profit 6 194,126 284,014
PROFIT FOR THE FINANCIAL PERIOD 661,618 1,164,453

TAYNA LIMITED (REGISTERED NUMBER: 06329858)

OTHER COMPREHENSIVE INCOME
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023

Period
1.11.22
to Year Ended
31.12.23 31.10.22
Notes £    £   

PROFIT FOR THE PERIOD 661,618 1,164,453


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE PERIOD

661,618

1,164,453

TAYNA LIMITED (REGISTERED NUMBER: 06329858)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 8 - -
Tangible assets 9 149,189 237,097
Investment property 10 - 941,057
149,189 1,178,154

CURRENT ASSETS
Stocks 11 2,271,025 2,389,444
Debtors 12 2,560,467 1,735,815
Cash at bank and in hand 1,436,443 992,371
6,267,935 5,117,630
CREDITORS
Amounts falling due within one year 13 3,651,767 3,433,537
NET CURRENT ASSETS 2,616,168 1,684,093
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,765,357

2,862,247

PROVISIONS FOR LIABILITIES 17 - 90,554
NET ASSETS 2,765,357 2,771,693

CAPITAL AND RESERVES
Called up share capital 18 100 100
Retained earnings 19 2,765,257 2,771,593
SHAREHOLDERS' FUNDS 2,765,357 2,771,693

The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by:





Mr J F Coombes - Director


TAYNA LIMITED (REGISTERED NUMBER: 06329858)

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 November 2021 100 2,216,140 2,216,240

Changes in equity
Dividends - (609,000 ) (609,000 )
Total comprehensive income - 1,164,453 1,164,453
Balance at 31 October 2022 100 2,771,593 2,771,693

Changes in equity
Dividends - (667,954 ) (667,954 )
Total comprehensive income - 661,618 661,618
Balance at 31 December 2023 100 2,765,257 2,765,357

TAYNA LIMITED (REGISTERED NUMBER: 06329858)

CASH FLOW STATEMENT
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023

Period
1.11.22
to Year Ended
31.12.23 31.10.22
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 569,789 1,722,311
Interest element of hire purchase payments
paid

(17,203

)

(2,327

)
Tax paid (284,014 ) (279,272 )
Net cash from operating activities 268,572 1,440,712

Cash flows from investing activities
Purchase of tangible fixed assets (143,211 ) (15,831 )
Sale of tangible fixed assets (13,958 ) -
Sale of investment property 941,057 -
Interest received 517 49
Net cash from investing activities 784,405 (15,782 )

Cash flows from financing activities
Capital repayments in year (20,362 ) (22,204 )
Amount introduced by directors 667,954 609,000
Amount withdrawn by directors (597,060 ) (685,023 )
Equity dividends paid (667,954 ) (609,000 )
Net cash from financing activities (617,422 ) (707,227 )

Increase in cash and cash equivalents 435,555 717,703
Cash and cash equivalents at beginning of
period

2

947,101

229,398

Cash and cash equivalents at end of
period

2

1,382,656

947,101

TAYNA LIMITED (REGISTERED NUMBER: 06329858)

NOTES TO THE CASH FLOW STATEMENT
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS
Period
1.11.22
to Year Ended
31.12.23 31.10.22
£    £   
Profit before taxation 855,744 1,448,467
Depreciation charges 37,192 55,410
Loss on disposal of fixed assets 207,885 3,180
Finance costs 17,203 2,327
Finance income (517 ) (49 )
1,117,507 1,509,335
Decrease in stocks 118,419 342,686
Increase in trade and other debtors (895,546 ) (552,509 )
Increase in trade and other creditors 229,409 422,799
Cash generated from operations 569,789 1,722,311

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Period ended 31 December 2023
31.12.23 1.11.22
£    £   
Cash and cash equivalents 1,436,443 992,371
Bank overdrafts (53,787 ) (45,270 )
1,382,656 947,101
Year ended 31 October 2022
31.10.22 1.11.21
£    £   
Cash and cash equivalents 992,371 272,351
Bank overdrafts (45,270 ) (42,953 )
947,101 229,398


TAYNA LIMITED (REGISTERED NUMBER: 06329858)

NOTES TO THE CASH FLOW STATEMENT
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.11.22 Cash flow At 31.12.23
£    £    £   
Net cash
Cash at bank and in hand 992,371 444,072 1,436,443
Bank overdrafts (45,270 ) (8,517 ) (53,787 )
947,101 435,555 1,382,656
Debt
Finance leases (20,362 ) 20,362 -
(20,362 ) 20,362 -
Total 926,739 455,917 1,382,656

TAYNA LIMITED (REGISTERED NUMBER: 06329858)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023


1. STATUTORY INFORMATION

Tayna Limited 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" 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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 period 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 period 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.

TAYNA LIMITED (REGISTERED NUMBER: 06329858)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS
Period
1.11.22
to Year Ended
31.12.23 31.10.22
£    £   
Wages and salaries 2,061,685 1,657,466
Other pension costs 586,000 12,000
2,647,685 1,669,466

The average number of employees during the period was as follows:
Period
1.11.22
to Year Ended
31.12.23 31.10.22

Employees 69 80

Period
1.11.22
to Year Ended
31.12.23 31.10.22
£    £   
Directors' remuneration 57,618 62,495

TAYNA LIMITED (REGISTERED NUMBER: 06329858)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023


4. OPERATING PROFIT

The operating profit is stated after charging:

Period
1.11.22
to Year Ended
31.12.23 31.10.22
£    £   
Depreciation - owned assets 37,192 55,410
Loss on disposal of fixed assets 207,885 3,180
Auditors' remuneration 10,500 7,500

5. INTEREST PAYABLE AND SIMILAR EXPENSES
Period
1.11.22
to Year Ended
31.12.23 31.10.22
£    £   
Hire purchase 17,203 2,327

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the period was as follows:
Period
1.11.22
to Year Ended
31.12.23 31.10.22
£    £   
Current tax:
UK corporation tax 284,680 284,014

Deferred tax (90,554 ) -
Tax on profit 194,126 284,014

7. DIVIDENDS
Period
1.11.22
to Year Ended
31.12.23 31.10.22
£    £   
Interim 667,954 609,000

TAYNA LIMITED (REGISTERED NUMBER: 06329858)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023


8. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 December 2023 73,000
AMORTISATION
At 1 November 2022
and 31 December 2023 73,000
NET BOOK VALUE
At 31 December 2023 -
At 31 October 2022 -

9. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 183,361 115,579 108,820 79,973 487,733
Additions - - 142,060 1,151 143,211
Disposals (774 ) (64,483 ) (250,880 ) (2,183 ) (318,320 )
At 31 December 2023 182,587 51,096 - 78,941 312,624
DEPRECIATION
At 1 November 2022 52,549 78,340 74,389 45,358 250,636
Charge for period 22,333 5,379 - 9,480 37,192
Eliminated on disposal (375 ) (47,859 ) (74,389 ) (1,770 ) (124,393 )
At 31 December 2023 74,507 35,860 - 53,068 163,435
NET BOOK VALUE
At 31 December 2023 108,080 15,236 - 25,873 149,189
At 31 October 2022 130,812 37,239 34,431 34,615 237,097

TAYNA LIMITED (REGISTERED NUMBER: 06329858)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023


10. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 941,057
Disposals (941,057 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 October 2022 941,057

11. STOCKS
2023 2022
£    £   
Stocks 2,271,025 2,389,444

12. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 238,194 344,684
Other debtors 597,000 1,363
Intercompany loan - 1,061
Holding Company Loan - FPS - 1,286,348
Further debtors 517 -
Directors' current accounts - 70,894
Prepayments 66,125 31,465
901,836 1,735,815

Amounts falling due after more than one year:
Amounts owed by group undertakings 1,658,631 -

Aggregate amounts 2,560,467 1,735,815

TAYNA LIMITED (REGISTERED NUMBER: 06329858)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023


13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 14) 53,787 45,270
Hire purchase contracts (see note 15) - 20,362
Payments on account 21,865 30,409
Trade creditors 3,033,978 2,537,327
Tax 284,680 284,014
Social security and other taxes 42,697 29,787
VAT 192,058 474,070
Other creditors 9,042 2,998
Accrued expenses 13,660 9,300
3,651,767 3,433,537

14. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 53,787 45,270

15. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year - 20,362

16. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts - 20,362

Bank loans are secured by a charge over all the assets of the company.

17. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax - 90,554

TAYNA LIMITED (REGISTERED NUMBER: 06329858)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023


17. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2022 90,554
Balance at 31 December 2023 90,554

18. CALLED UP SHARE CAPITAL

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

19. RESERVES
Retained
earnings
£   

At 1 November 2022 2,771,593
Profit for the period 661,618
Dividends (667,954 )
At 31 December 2023 2,765,257

20. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 December 2023 and the year ended 31 October 2022:

2023 2022
£    £   
Mr J E Phenna
Balance outstanding at start of period 33,626 4,497
Amounts advanced 300,351 33,626
Amounts repaid (333,977 ) (4,497 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 33,626

Mr S B Taylor
Balance outstanding at start of period 37,268 632
Amounts advanced 296,709 37,268
Amounts repaid (333,977 ) (632 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 37,268

TAYNA LIMITED (REGISTERED NUMBER: 06329858)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023


21. ULTIMATE CONTROLLING PARTY

The company is a 100% indirectly owned subsidiary of Genuine Parts Company, a company incorporated in the USA, which heads the smallest group preparing financial statements. Copies of the group financial statements of Genuine Parts Company are available from 2999 Wildwood Parkway, Atlanta, GA 30339, USA.

The company is a 100% subsidiary of Tayna Group Limited, the immediate parent undertaking.

The ultimate parent undertaking is Genuine Parts Company. In the opinion of the directors the company is ultimately controlled by Genuine Parts Company.