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Registered Number: 09159498
England and Wales

 

 

 

TAYLOR GREAVES DEVELOPMENTS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
Director Harry Greaves
Registered Number 09159498
Registered Office Spider Barn
4 Abbey View
Welford
Northants
NN6 6JZ
Accountants Beagle Accounting Limited
23a High Street
Welford
Northants
NN6 6HT
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 30 November 2023
Principal activities
The companys principal activity during the year was the Development of Building Projects.
Director
The director who served the company throughout the year was as follows:
Harry Greaves
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director 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 director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments 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 director is responsible for keeping adequate accounting records that 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. The director is 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.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Harry Greaves
Director

Date approved: 10 August 2024
2
Accountants report
You consider that the company is exempt from an audit for the year ended 30 November 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Beagle Accounting Limited
30 November 2023



....................................................
Beagle Accounting Limited
23a High Street
Welford
Northants
NN6 6HT
10 August 2024
3
 
 
Notes
 
2023
£
  2022
£
Turnover 83,788    315,351 
Cost of sales (70,711)   (224,760)
Gross profit 13,077    90,591 
Administrative expenses (58,147)   (42,623)
Other operating income 1,327   
Operating profit/(loss) (43,743)   47,968 
Interest payable and similar charges (948)   (1,601)
Profit/(Loss) on ordinary activities before taxation (44,691)   46,367 
Tax on profit on ordinary activities  
Profit/(Loss) for the financial year (44,691)   46,367 
 
4
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 38,434    38,694 
38,434    38,694 
Current assets      
Stocks 4 16,375   
Debtors 5 201    6,276 
Cash at bank and in hand 17,608    30,339 
34,184    36,615 
Creditors: amount falling due within one year 6 (132,856)   (81,018)
Net current assets (98,672)   (44,403)
 
Total assets less current liabilities (60,238)   (5,709)
Creditors: amount falling due after more than one year 7 (20,197)   (30,035)
Net assets (80,435)   (35,744)
 

Capital and reserves
     
Called up share capital 8 1,000    1,000 
Profit and loss account (81,435)   (36,744)
Shareholders' funds (80,435)   (35,744)
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 10 August 2024 and were signed by:


-------------------------------
Harry Greaves
Director
5
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 December 2021 1,000  (83,111) (82,111)
Profit for the year 46,367  46,367 
Total comprehensive income for the year 46,367  46,367 
Total investments by and distributions to owners
At 30 November 2022 1,000  (36,744) (35,744)
At 01 December 2022 1,000  (36,744) (35,744)
Profit for the year (44,691) (44,691)
Total comprehensive income for the year (44,691) (44,691)
Total investments by and distributions to owners
At 30 November 2023 1,000  (81,435) (80,435)
6
General Information
Taylor Greaves Developments LTD is a private company, limited by shares, registered in England and Wales, registration number 09159498, registration address Spider Barn , 4 Abbey View , Welford , Northants , NN6 6JZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 0 Reducing Balance
Plant and Machinery 4 Reducing Balance
Computer Equipment 4 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Computer Equipment   Total
  £   £   £   £
At 01 December 2022 37,750    14,083    1,041    52,874 
Additions      
Disposals      
At 30 November 2023 37,750    14,083    1,041    52,874 
Depreciation
At 01 December 2022   14,083    97    14,180 
Charge for year     260    260 
On disposals      
At 30 November 2023   14,083    357    14,440 
Net book values
Closing balance as at 30 November 2023 37,750      684    38,434 
Opening balance as at 01 December 2022 37,750      944    38,694 


4.

Stocks

2023
£
  2022
£
Stocks 16,375   
16,375   

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors   6,075 
Other Debtors 201    201 
201    6,276 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 13,020    120 
Bank Loans & Overdrafts 10,786    10,783 
PAYE & Social Security 8,879    1,885 
Accrued Expenses 1,200    1,200 
Other Creditors 15,939    16,013 
Directors' Current Accounts 82,851    50,000 
VAT 181    1,017 
132,856    81,018 

7.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 20,197    30,035 
20,197    30,035 

8.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
1,000 Class A shares of £1.00 each 1,000    1,000 
1,000    1,000 

7