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REGISTERED NUMBER: 08670117 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

TAYLOR COMMERCIAL MANAGEMENT LTD

TAYLOR COMMERCIAL MANAGEMENT LTD (REGISTERED NUMBER: 08670117)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Report of the Directors 2

Report of the Accountants 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 7


TAYLOR COMMERCIAL MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr I M Taylor
Mr D J Taylor
Mrs M Taylor





REGISTERED OFFICE: 5 The Mallards
Frimley
Camberley
Surrey
GU16 8PB





REGISTERED NUMBER: 08670117 (England and Wales)





ACCOUNTANTS: Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ

TAYLOR COMMERCIAL MANAGEMENT LTD (REGISTERED NUMBER: 08670117)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 AUGUST 2024

The directors present their report with the financial statements of the company for the year ended 31 August 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of consultancy services.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 September 2023 to the date of this report.

Mr I M Taylor
Mr D J Taylor
Mrs M Taylor

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr I M Taylor - Director


4 October 2024

TAYLOR COMMERCIAL MANAGEMENT LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
TAYLOR COMMERCIAL MANAGEMENT LTD


In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 August 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. 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 financial statements.






Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ


4 October 2024

TAYLOR COMMERCIAL MANAGEMENT LTD (REGISTERED NUMBER: 08670117)

INCOME STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2024

31.8.24 31.8.23
£    £   

TURNOVER 136,208 60,651

Administrative expenses 74,071 37,579
OPERATING PROFIT 62,137 23,072

Interest receivable and similar
income

402

41
62,539 23,113

Interest payable and similar expenses 369 516
PROFIT BEFORE TAXATION 62,170 22,597

Tax on profit 12,897 4,398
PROFIT FOR THE FINANCIAL
YEAR

49,273

18,199

TAYLOR COMMERCIAL MANAGEMENT LTD (REGISTERED NUMBER: 08670117)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £   
CURRENT ASSETS
Debtors 4 - 3,507
Cash at bank 57,635 37,864
57,635 41,371
CREDITORS
Amounts falling due within one year 5 26,050 17,059
NET CURRENT ASSETS 31,585 24,312
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,585

24,312

CREDITORS
Amounts falling due after more than
one year

6

5,500

11,500
NET ASSETS 26,085 12,812

CAPITAL AND RESERVES
Called up share capital 7 5 5
Retained earnings 8 26,080 12,807
SHAREHOLDERS' FUNDS 26,085 12,812

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

TAYLOR COMMERCIAL MANAGEMENT LTD (REGISTERED NUMBER: 08670117)

BALANCE SHEET - continued
31 AUGUST 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by:





Mr I M Taylor - Director


TAYLOR COMMERCIAL MANAGEMENT LTD (REGISTERED NUMBER: 08670117)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Taylor Commercial Management 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.8.24 31.8.23
£    £   
Trade debtors - 3,507

TAYLOR COMMERCIAL MANAGEMENT LTD (REGISTERED NUMBER: 08670117)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 6,000 6,000
Corporation tax 12,897 4,398
Social security and other taxes - (389 )
VAT 7,153 7,050
26,050 17,059

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans - 1-2 years 5,500 6,000
Bank loans - 2-5 years - 5,500
5,500 11,500

The BBL Scheme was launched on 27 April 2020 and the scheme is 100% government backed. The interest rate is 2.5% per year and the term of the loan is 6 years and early repayment is possible without additional charges.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1 Ordinary shares £1 1 1
1 Ordinary A shares £1 1 1
1 Ordinary B shares £1 1 1
1 Ordinary C shares £1 1 1
1 Ordinary D shares £1 1 1
5 5

TAYLOR COMMERCIAL MANAGEMENT LTD (REGISTERED NUMBER: 08670117)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

8. RESERVES
Retained
earnings
£   

At 1 September 2023 12,807
Profit for the year 49,273
Dividends (36,000 )
At 31 August 2024 26,080

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £36,000 were paid to the directors .

The controlling party are the company directors by virtue of their shareholdings.