Registered number
09696338
TAYLAN 2015 LTD
Filleted Accounts
31 July 2023
TAYLAN 2015 LTD
Registered number: 09696338
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 25,254 76,357
Investments 4 127,352 82,153
152,606 158,510
Current assets
Stocks 14,685 14,417
Debtors 5 2,669 692
Cash at bank and in hand 34,122 48,020
51,476 63,129
Creditors: amounts falling due within one year 6 (106,135) (112,076)
Net current liabilities (54,659) (48,947)
Total assets less current liabilities 97,947 109,563
Creditors: amounts falling due after more than one year 7 (55,132) (87,401)
Net assets 42,815 22,162
Capital and reserves
Called up share capital 1 1
Profit and loss account 42,814 22,161
Shareholder's funds 42,815 22,162
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Halil Celik
Director
Approved by the board on 31 July 2024
TAYLAN 2015 LTD
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing balanc
Motor vehicles 20% reducing balanc
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. .
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Equipment, fixtures and fittings Motor vehicles Total
£ £ £
Cost
At 1 August 2022 71,462 30,888 102,350
Disposals (44,789) - (44,789)
At 31 July 2023 26,673 30,888 57,561
Depreciation
At 1 August 2022 17,895 8,098 25,993
Charge for the year 1,756 4,558 6,314
At 31 July 2023 19,651 12,656 32,307
Net book value
At 31 July 2023 7,022 18,232 25,254
At 31 July 2022 53,567 22,790 76,357
4 Investments
Other
investments
£
Cost
At 1 August 2022 82,153
Additions 45,199
At 31 July 2023 127,352
5 Debtors 2023 2022
£ £
Trade debtors 2,669 692
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 15,382 4,058
Trade creditors 8,214 26,618
Taxation and social security costs 27,631 27,034
Other creditors 54,908 54,366
106,135 112,076
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 27,000 44,707
Obligations under finance lease and hire purchase contracts 17,260 23,635
Other creditors 10,872 19,059
55,132 87,401
8 Controlling party
Halil Celik
9 Other information
TAYLAN 2015 LTD is a private company limited by shares and incorporated in England. Its registered office is:
1 Guithavon Street
Witham
Essex
UK
CM8 1BJ
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