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Company Registration No. 13247130 (England and Wales)
TAYLOR AND KING LTD Unaudited accounts for the year ended 31 March 2024
TAYLOR AND KING LTD Unaudited accounts Contents
Page
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TAYLOR AND KING LTD Company Information for the year ended 31 March 2024
Directors
Elliot Taylor Daniel James King
Company Number
13247130 (England and Wales)
Registered Office
JSM - BRIGHTFIELD BUSINESS HUB BAKEWELL ORTON SOUTHGATE PETERBOROUGH PE2 6XU ENGLAND
Accountants
JSM Partners Brightfield Business Hub Bakewell Road Peterborough Cambridgeshire PE2 6XU
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TAYLOR AND KING LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
(24)
422 
Investment property
295,000 
165,000 
294,976 
165,422 
Current assets
Cash at bank and in hand
1,446 
645 
Creditors: amounts falling due within one year
(212,900)
(70,995)
Net current liabilities
(211,454)
(70,350)
Total assets less current liabilities
83,522 
95,072 
Creditors: amounts falling due after more than one year
(110,376)
(110,363)
Provisions for liabilities
Deferred tax
(4,631)
- 
Net liabilities
(31,485)
(15,291)
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
27,116 
13,224 
Profit and loss account
(58,701)
(28,615)
Shareholders' funds
(31,485)
(15,291)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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
Elliot Taylor Director Company Registration No. 13247130
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TAYLOR AND KING LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
TAYLOR AND KING LTD is a private company, limited by shares, registered in England and Wales, registration number 13247130. The registered office is JSM - BRIGHTFIELD BUSINESS HUB BAKEWELL , ORTON SOUTHGATE, PETERBOROUGH, PE2 6XU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
1,338 
At 31 March 2024
1,338 
Depreciation
At 1 April 2023
916 
Charge for the year
446 
At 31 March 2024
1,362 
Net book value
At 31 March 2024
(24)
At 31 March 2023
422 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
165,000 
Additions
111,477 
Net gain from fair value adjustments
18,523 
At 31 March 2024
295,000 
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TAYLOR AND KING LTD Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
18 
Other creditors
60,000 
- 
Loans from directors
151,760 
69,727 
Accruals
1,140 
1,250 
212,900 
70,995 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
110,376 
110,363 
8
Loans to directors
During the year loans totalling £151,760.00 were received from the directors. These remain outstanding at the year end and are interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 2 (2023: 0).
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