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REGISTERED NUMBER: 07044213 (England and Wales)














Unaudited Financial Statements for the Year Ended 30 November 2023

for

Tays Retail Ltd

Tays Retail Ltd (Registered number: 07044213)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Tays Retail Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: C Taylor
Mrs C E Taylor





REGISTERED OFFICE: Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW





REGISTERED NUMBER: 07044213 (England and Wales)





ACCOUNTANTS: Douglas Fairless Partnership
Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW

Tays Retail Ltd (Registered number: 07044213)

Abridged Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 21,600 23,400
Tangible assets 5 130,892 131,514
152,492 154,914

CURRENT ASSETS
Cash at bank 41 43

CREDITORS
Amounts falling due within one year 71,287 69,249
NET CURRENT LIABILITIES (71,246 ) (69,206 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,246

85,708

CREDITORS
Amounts falling due after more than one
year

6

(94,185

)

(97,921

)

PROVISIONS FOR LIABILITIES (293 ) (345 )
NET LIABILITIES (13,232 ) (12,558 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (13,234 ) (12,560 )
SHAREHOLDERS' FUNDS (13,232 ) (12,558 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2024 and were signed on its behalf by:



C Taylor - Director


Tays Retail Ltd (Registered number: 07044213)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Tays Retail 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty five 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.
Improvements to property - 2% on cost
Fixtures and fittings - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

Tays Retail Ltd (Registered number: 07044213)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022
and 30 November 2023 45,000
AMORTISATION
At 1 December 2022 21,600
Amortisation for year 1,800
At 30 November 2023 23,400
NET BOOK VALUE

At 30 November 2023 21,600
At 30 November 2022 23,400

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022
and 30 November 2023 147,500
DEPRECIATION
At 1 December 2022 15,986
Charge for year 622
At 30 November 2023 16,608
NET BOOK VALUE
At 30 November 2023 130,892
At 30 November 2022 131,514

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
30.11.23 30.11.22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 77,833 82,529