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REGISTERED NUMBER: 06743545 (England and Wales)










Unaudited Financial Statements for the Year Ended 30 November 2023

for

Taylist Media Limited

Taylist Media Limited (Registered number: 06743545)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 10

Taylist Media Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: P J Taylor





SECRETARY: Mrs H Taylor





REGISTERED OFFICE: 26 High Street
Rickmansworth
WD3 1ER





REGISTERED NUMBER: 06743545 (England and Wales)





ACCOUNTANTS: Lee Accounting Services 2018 Limited
Trading as Lee & Co
26 High Street
Rickmansworth
Hertfordshire
WD3 1ER

Taylist Media Limited (Registered number: 06743545)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,253 67,138
Tangible assets 5 1,320,009 1,263,482
Investments 6 67,294 67,294
1,398,556 1,397,914

CURRENT ASSETS
Stocks 330,383 320,845
Debtors 7 1,002,539 1,004,450
Cash at bank 34,033 43,859
1,366,955 1,369,154
CREDITORS
Amounts falling due within one year 8 732,417 589,079
NET CURRENT ASSETS 634,538 780,075
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,033,094

2,177,989

CREDITORS
Amounts falling due after more than
one year

9

(1,311,996

)

(1,188,931

)

PROVISIONS FOR LIABILITIES - (130,766 )
NET ASSETS 721,098 858,292

Taylist Media Limited (Registered number: 06743545)

Balance Sheet - continued
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Share premium 174,930 174,930
Revaluation reserve 12 639,318 423,682
Retained earnings (94,150 ) 258,680
SHAREHOLDERS' FUNDS 721,098 858,292

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 director acknowledges his 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.

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

The financial statements were approved by the director and authorised for issue on 30 August 2024 and were signed by:





P J Taylor - Director


Taylist Media Limited (Registered number: 06743545)

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

1. STATUTORY INFORMATION

Taylist Media 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2009 and 2017, is being amortised evenly over its estimated useful life of fifteen years and five years.

Research and development
Expenditure for research is charged to the profit and loss account immediately. The company has capitalised costs associated with the development of its products within intangible fixed assets if they fulfil the requirements of being technically feasible and will lead to future economic benefit. These development costs are amortised over a useful economic life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost, 25% on cost, 20% on cost and 10% on cost

Depreciation is only provided on assets from the date they are brought into company use.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taylist Media Limited (Registered number: 06743545)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.

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.

Investments
Investments are carried at fair value. If a fair value cannot be established then investments are carried at historic cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 21 ) .

Taylist Media Limited (Registered number: 06743545)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 835,385 463,431 1,298,816
AMORTISATION
At 1 December 2022 774,006 457,672 1,231,678
Charge for year 50,126 5,759 55,885
At 30 November 2023 824,132 463,431 1,287,563
NET BOOK VALUE
At 30 November 2023 11,253 - 11,253
At 30 November 2022 61,379 5,759 67,138

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 December 2022 1,200,000 644,147 1,844,147
Additions - 12,727 12,727
At 30 November 2023 1,200,000 656,874 1,856,874
DEPRECIATION
At 1 December 2022 72,000 508,665 580,665
Charge for year 24,000 28,200 52,200
Revaluation adjustments (96,000 ) - (96,000 )
At 30 November 2023 - 536,865 536,865
NET BOOK VALUE
At 30 November 2023 1,200,000 120,009 1,320,009
At 30 November 2022 1,128,000 135,482 1,263,482

Taylist Media Limited (Registered number: 06743545)

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

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 November 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2009 - 50,000 50,000
Valuation in 2020 556,449 - 556,449
Cost 643,551 606,874 1,250,425
1,200,000 656,874 1,856,874

If long leasehold property had not been revalued it would have been included at the following historical cost:

30.11.23 30.11.22
£    £   
Cost 643,551 643,551
Aggregate depreciation 102,968 90,097

Long leasehold was valued on an open market basis on 30 November 2023 by the directors. .

6. FIXED ASSET INVESTMENTS
Other
loans
£   
At 1 December 2022
and 30 November 2023 67,294

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 189,334 208,075
Other debtors 813,205 796,375
1,002,539 1,004,450

The company uses invoice factoring to provide working capital. At the year end the company owed £65,560 (2022: £116,333) secured on trade debtors. This is included within bank loans and overdrafts.

Taylist Media Limited (Registered number: 06743545)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 216,519 205,029
Trade creditors 112,138 110,666
Taxation and social security 130,852 60,886
Other creditors 272,908 212,498
732,417 589,079

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 1,068,973 1,151,244
Other creditors 243,023 37,687
1,311,996 1,188,931

Amounts falling due in more than five years:

Repayable by instalments
Mortgage over 5 years 861,741 705,684

10. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 1,169,159 1,290,713

The bank mortgage and CBILS loan are secured by way of a fixed and floating charge over the long leasehold property and all other assets of the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
460 Ordinary £1 460 460
540 B Ordinary £1 540 540
1,000 1,000

Taylist Media Limited (Registered number: 06743545)

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

12. RESERVES
Revaluation
reserve
£   
At 1 December 2022 423,682
Depreciation transfer (8,347 )
Property revaluation 96,000
Deferred tax on revaluation 127,983

At 30 November 2023 639,318

13. RELATED PARTY DISCLOSURES

The company rents premises owned by a pension fund under the control of the director. In the year the company paid £15,000 (2022: £15,000) being market rate.

Taylist Media Limited

Report of the Accountants to the Director of
Taylist Media Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lee Accounting Services 2018 Limited
Trading as Lee & Co
26 High Street
Rickmansworth
Hertfordshire
WD3 1ER


30 August 2024