Registered number
10739002
Taylor Roche Ltd
Filleted Accounts
30 April 2024
Taylor Roche Ltd
Registered number: 10739002
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 20,000 20,000
Tangible assets 4 1,400,017 985,022
1,420,017 1,005,022
Current assets
Cash at bank and in hand 9,643 23,589
Creditors: amounts falling due within one year 5 (362,640) (254,460)
Net current liabilities (352,997) (230,871)
Total assets less current liabilities 1,067,020 774,151
Creditors: amounts falling due after more than one year 6 (768,293) (575,829)
Net assets 298,727 198,322
Capital and reserves
Called up share capital 15,000 15,000
Revaluation reserve 7 460,335 309,252
Profit and loss account (176,608) (125,930)
Shareholders' funds 298,727 198,322
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr C Taylor
Director
Approved by the board on 30 August 2024
Taylor Roche Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 20,000
At 30 April 2024 20,000
Amortisation
At 30 April 2024 -
Net book value
At 30 April 2024 20,000
At 30 April 2023 20,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2023 985,000 125 985,125
Additions 263,917 - 263,917
Surplus on revaluation 151,083 - 151,083
At 30 April 2024 1,400,000 125 1,400,125
Depreciation
At 1 May 2023 - 103 103
Charge for the year - 5 5
At 30 April 2024 - 108 108
Net book value
At 30 April 2024 1,400,000 17 1,400,017
At 30 April 2023 985,000 22 985,022
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 58,114 -
Other creditors 304,526 254,460
362,640 254,460
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 768,293 575,829
7 Revaluation reserve 2024 2023
£ £
At 1 May 2023 309,252 448,601
Gain/(loss) on revaluation of land and buildings 151,083 (139,349)
At 30 April 2024 460,335 309,252
8 Other information
Taylor Roche Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Infirmary Street
Leeds
LS1 2JP
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