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Company Registration No. 08966657 (England and Wales)
Taylor's Joinery (UK) Limited Unaudited accounts for the year ended 31 March 2024
Taylor's Joinery (UK) Limited Unaudited accounts Contents
Page
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Taylor's Joinery (UK) Limited Company Information for the year ended 31 March 2024
Director
James Taylor
Company Number
08966657 (England and Wales)
Registered Office
Orchard House Clyst St. Mary Exeter Devon EX5 1BR
Accountants
The Fresh Accountancy Company Limited Orchard House Clyst St Mary Exeter Devon EX5 1BR
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Taylor's Joinery (UK) Limited for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Taylor's Joinery (UK) Limited for the year ended 31 March 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
The Fresh Accountancy Company Limited Chartered Accountants Orchard House Clyst St Mary Exeter Devon EX5 1BR 1 May 2024
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Taylor's Joinery (UK) Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
670,682 
292,508 
Current assets
Inventories
30,000 
10,250 
Debtors
22,360 
2,914 
Cash at bank and in hand
- 
5,632 
52,360 
18,796 
Creditors: amounts falling due within one year
(119,265)
(108,318)
Net current liabilities
(66,905)
(89,522)
Total assets less current liabilities
603,777 
202,986 
Creditors: amounts falling due after more than one year
(246,844)
(276,844)
Provisions for liabilities
Deferred tax
(70,394)
- 
Net assets/(liabilities)
286,539 
(73,858)
Capital and reserves
Called up share capital
101 
101 
Profit and loss account
286,438 
(73,959)
Shareholders' funds
286,539 
(73,858)
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 director acknowledges his 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 and authorised for issue on 15 August 2024 and were signed on its behalf by
James Taylor Director Company Registration No. 08966657
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Taylor's Joinery (UK) Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Taylor's Joinery (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 08966657. The registered office is Orchard House, Clyst St. Mary, Exeter, Devon, EX5 1BR.
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
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
100,000 
At 31 March 2024
100,000 
Amortisation
At 1 April 2023
100,000 
At 31 March 2024
100,000 
Net book value
At 31 March 2024
- 
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Taylor's Joinery (UK) Limited Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At valuation 
At valuation 
At cost 
At 1 April 2023
281,000 
57,084 
1,324 
339,408 
Additions
- 
7,905 
- 
7,905 
Revaluations
259,000 
65,011 
- 
324,011 
At 31 March 2024
540,000 
130,000 
1,324 
671,324 
Depreciation
At 1 April 2023
- 
46,485 
415 
46,900 
Charge for the year
- 
- 
227 
227 
Surplus on revaluation
- 
(46,485)
- 
(46,485)
At 31 March 2024
- 
- 
642 
642 
Net book value
At 31 March 2024
540,000 
130,000 
682 
670,682 
At 31 March 2023
281,000 
10,599 
909 
292,508 
2024 
2023 
£ 
£ 
Carrying amount of land and buildings on cost basis
281,000 
- 
Carrying amount of plant & machinery on cost basis
18,504 
- 
Assets have been revalued in the year by the directors based on their estimate of market value.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,234 
1,909 
Accrued income and prepayments
20,023 
1,005 
Other debtors
103 
- 
22,360 
2,914 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
75,879 
39,298 
VAT
16,338 
1,766 
Obligations under finance leases and hire purchase contracts
- 
7,946 
Trade creditors
709 
27,743 
Amounts owed to group undertakings and other participating interests
5,883 
15,214 
Taxes and social security
19,108 
2,798 
Loans from directors
- 
12,853 
Accruals
- 
700 
Deferred income
1,348 
- 
119,265 
108,318 
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Taylor's Joinery (UK) Limited Notes to the Accounts for the year ended 31 March 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
246,844 
276,844 
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
70,394 
- 
2024 
2023 
£ 
£ 
Charged to the profit and loss account
70,394 
- 
Provision at end of year
70,394 
- 
10
Average number of employees
During the year the average number of employees was 4 (2023: 3).
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