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REGISTERED NUMBER: 07923846 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

TAYLOR NORRIE LTD

TAYLOR NORRIE LTD (REGISTERED NUMBER: 07923846)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TAYLOR NORRIE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Ms G Norrie





REGISTERED OFFICE: 2 Zara House
Matapan Road
Portsmouth
Hampshire
PO2 9AF





REGISTERED NUMBER: 07923846 (England and Wales)





ACCOUNTANTS: AMR Bookkeeping & Accounts Limited
4 Spur Road
Cosham
PORTSMOUTH
Hampshire
PO6 3EB

TAYLOR NORRIE LTD (REGISTERED NUMBER: 07923846)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 934 1,121

CURRENT ASSETS
Stocks 5 638 1,563
Cash at bank 112 24
750 1,587
CREDITORS
Amounts falling due within one year 6 113,309 115,023
NET CURRENT LIABILITIES (112,559 ) (113,436 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(111,625

)

(112,315

)

CREDITORS
Amounts falling due after more than one year 7 6,385 8,792
NET LIABILITIES (118,010 ) (121,107 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 (118,012 ) (121,109 )
SHAREHOLDERS' FUNDS (118,010 ) (121,107 )

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

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

The director acknowledges her 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 NORRIE LTD (REGISTERED NUMBER: 07923846)

BALANCE SHEET - continued
31 JANUARY 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 23 October 2024 and were signed by:





Ms G Norrie - Director


TAYLOR NORRIE LTD (REGISTERED NUMBER: 07923846)

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


1. STATUTORY INFORMATION

Taylor Norrie 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.
Tooling and development - 20% on reducing balance
Office Equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

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

TAYLOR NORRIE LTD (REGISTERED NUMBER: 07923846)

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


4. TANGIBLE FIXED ASSETS
Tooling
Plant and and Office
machinery development Equipment Totals
£    £    £    £   
COST
At 1 February 2023
and 31 January 2024 450 3,861 365 4,676
DEPRECIATION
At 1 February 2023 125 3,167 263 3,555
Charge for year 49 104 34 187
At 31 January 2024 174 3,271 297 3,742
NET BOOK VALUE
At 31 January 2024 276 590 68 934
At 31 January 2023 325 694 102 1,121

5. STOCKS
31.1.24 31.1.23
£    £   
Stocks 638 1,563

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors (1 ) -
Other creditors 1,044 984
Directors' current accounts 112,266 114,039
113,309 115,023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans (see note 8) 6,385 8,792

TAYLOR NORRIE LTD (REGISTERED NUMBER: 07923846)

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


8. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 6,385 8,792

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1.00 2 2

10. RESERVES
Retained
earnings
£   

At 1 February 2023 (121,109 )
Profit for the year 3,097
At 31 January 2024 (118,012 )