Registered number
13054149
Taylor Grange DM Limited
Report and Accounts
28 September 2023
Accountancy 4 Wealth Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
Taylor Grange DM Limited
Registered number: 13054149
Balance Sheet
as at 28 September 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 147 150
Current assets
Debtors 4 6,101 8,225
Cash at bank and in hand 7,027 4,903
13,128 13,128
Creditors: amounts falling due within one year 5 (38,762) (38,762)
Net current liabilities (25,634) (25,634)
Net liabilities (25,487) (25,484)
Capital and reserves
Called up share capital 100 100
Profit and loss account (25,587) (25,584)
Shareholder's funds (25,487) (25,484)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Sam Ginda
Director
Approved by the board on 18 September 2024
Taylor Grange DM Limited
Notes to the Accounts
for the period from 1 October 2022 to 28 September 2023
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.
Investments
Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 October 2022 150
Disposals (3)
At 28 September 2023 147
Investment in subsidiaries represents shareholdings in the following companies:
Company Shares held
Class %
Taylor Grange 1 Limited Ordinary 100
Taylor Grange 2 Limited Ordinary 50
TGDM ONE Limited Ordinary 100
TGDM TWO Limited Ordinary 100
TGDM THREE Limited Ordinary 100
4 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 6,001 6,001
Other debtors 100 2,224
6,101 8,225
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 13,222 13,222
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,250 1,250
Other creditors 24,290 24,290
38,762 38,762
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