IRIS Accounts Production v24.2.0.383 04407260 director 1.6.23 31.5.24 31.5.24 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044072602023-05-31044072602024-05-31044072602023-06-012024-05-31044072602022-07-31044072602022-08-012023-05-31044072602023-05-3104407260ns15:EnglandWales2023-06-012024-05-3104407260ns14:PoundSterling2023-06-012024-05-3104407260ns10:Director12023-06-012024-05-3104407260ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3104407260ns10:SmallEntities2023-06-012024-05-3104407260ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3104407260ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3104407260ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3104407260ns10:FullAccounts2023-06-012024-05-3104407260ns10:RegisteredOffice2023-06-012024-05-3104407260ns5:CurrentFinancialInstruments2024-05-3104407260ns5:CurrentFinancialInstruments2023-05-3104407260ns5:ShareCapital2024-05-3104407260ns5:ShareCapital2023-05-3104407260ns5:RetainedEarningsAccumulatedLosses2024-05-3104407260ns5:RetainedEarningsAccumulatedLosses2023-05-3104407260ns5:PlantMachinery2023-06-012024-05-3104407260ns5:PlantMachinery2023-05-3104407260ns5:PlantMachinery2024-05-3104407260ns5:PlantMachinery2023-05-3104407260ns5:CostValuation2023-05-3104407260ns5:Subsidiary12023-06-012024-05-31044072601ns5:Subsidiary12023-06-012024-05-3104407260ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3104407260ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3104407260ns5:WithinOneYear2024-05-3104407260ns5:WithinOneYear2023-05-31
REGISTERED NUMBER: 04407260 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Tailor Made Holdings Ltd

Tailor Made Holdings Ltd (Registered number: 04407260)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tailor Made Holdings Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: D J Macaskill





REGISTERED OFFICE: 12 West Links
Tollgate
Chandlers Ford
Eastleigh
Hampshire
SO53 3TG





REGISTERED NUMBER: 04407260 (England and Wales)





ACCOUNTANTS: Talbot Accounting Solutions LLP
Bartley Cottage
Ringwood Road
Bartley
Southampton
Hampshire
SO40 7LD

Tailor Made Holdings Ltd (Registered number: 04407260)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,096 19,836
Investments 5 100 100
14,196 19,936

CURRENT ASSETS
Debtors 6 751,325 659,442
Cash at bank 24,141 120,169
775,466 779,611
CREDITORS
Amounts falling due within one year 7 480,038 506,402
NET CURRENT ASSETS 295,428 273,209
TOTAL ASSETS LESS CURRENT
LIABILITIES

309,624

293,145

PROVISIONS FOR LIABILITIES 2,149 3,371
NET ASSETS 307,475 289,774

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 307,375 289,674
307,475 289,774

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Tailor Made Holdings Ltd (Registered number: 04407260)

Balance Sheet - continued
31 May 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2024 and were signed by:





D J Macaskill - Director


Tailor Made Holdings Ltd (Registered number: 04407260)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Tailor Made Holdings Ltd 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Tailor Made Holdings Ltd (Registered number: 04407260)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Government grants
Government grants are recognised as income in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 39,000
Disposals (8,250 )
At 31 May 2024 30,750
DEPRECIATION
At 1 June 2023 19,164
Charge for year 4,699
Eliminated on disposal (7,209 )
At 31 May 2024 16,654
NET BOOK VALUE
At 31 May 2024 14,096
At 31 May 2023 19,836

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 100
NET BOOK VALUE
At 31 May 2024 100
At 31 May 2023 100

Tailor Made Holdings Ltd (Registered number: 04407260)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Tailor Made Kitchens Limited
Registered office: England & Wales
Nature of business: Kitchen design and installation
%
Class of shares: holding
Ordinary 100.00

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 751,325 659,442

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 11,870 2,000
Taxation and social security 7,923 5,860
Other creditors 460,245 498,542
480,038 506,402

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.24 31.5.23
£    £   
Within one year - 27,053

9. RELATED PARTY DISCLOSURES

Tailor Made Kitchen Limited
At the year end the company owed £459,419 (2023: £489,404) to Tailor Made Kitchens Limited, the subsidiary company.

Macmills Limited
At the year end the company was owed £728,386 (2023: £617,946) from Macmills Limited, the parent company.