2023-04-012024-03-312024-03-31false13992031TAURUS RENOVATIONS 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TAURUS RENOVATIONS LTD

Registered Number
13992031
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

TAURUS RENOVATIONS LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

CAMERON, James

Registered Address

C/O Venture Finance Management, Suite 101
Cotton Exchange, Old Hall Street
Liverpool
L3 9LQ

Registered Number

13992031 (England and Wales)
TAURUS RENOVATIONS LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors3403,929
Cash at bank and on hand6,8591
7,1993,930
Creditors amounts falling due within one year(6,196)(3,863)
Net current assets (liabilities)1,00367
Total assets less current liabilities1,00367
Net assets1,00367
Capital and reserves
Called up share capital1-
Profit and loss account1,00267
Shareholders' funds1,00367
The financial statements were approved and authorised for issue by the Director on 29 August 2024, and are signed on its behalf by:
CAMERON, James
Director
Registered Company No. 13992031
TAURUS RENOVATIONS LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
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. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year11
3.Related party transactions
As at the year end, the company owed the Director £242.74 (2023 - (£3,588.52)). This loan is interest free and repayable on demand