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REGISTERED NUMBER: 10987941 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2024

for

C M Taylor Holdings Limited

C M Taylor Holdings Limited (Registered number: 10987941)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


C M Taylor Holdings Limited

Company Information
for the year ended 31 January 2024







DIRECTOR: C M Taylor





REGISTERED OFFICE: Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF





REGISTERED NUMBER: 10987941 (England and Wales)





ACCOUNTANTS: Banks Sheridan
Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF

C M Taylor Holdings Limited (Registered number: 10987941)

Statement of Financial Position
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 6,000 9,000
Tangible assets 6 29,808 34,929
35,808 43,929

CURRENT ASSETS
Stocks 7 134,300 264,012
Debtors: amounts falling due within one year 8 10,113 21,252
Debtors: amounts falling due after more than
one year

8

3,010

-
Cash at bank and in hand 4,508 15,486
151,931 300,750
CREDITORS
Amounts falling due within one year 9 (86,605 ) (184,675 )
NET CURRENT ASSETS 65,326 116,075
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,134

160,004

CREDITORS
Amounts falling due after more than one
year

10

(34,586

)

(41,372

)

PROVISIONS FOR LIABILITIES 14 - (2,499 )
NET ASSETS 66,548 116,133

CAPITAL AND RESERVES
Called up share capital 54,058 54,058
Retained earnings 12,490 62,075
66,548 116,133

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 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.

C M Taylor Holdings Limited (Registered number: 10987941)

Statement of Financial Position - 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2024 and were signed by:





C M Taylor - Director


C M Taylor Holdings Limited (Registered number: 10987941)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

HF Angling Limited ('The Company') is primarily engaged in the sale of angling supplies.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business and of the registered office is Unit 1a, Alexandra Business Park, Gresty Lane, Crewe, Cheshire, CW2 5DD. The registered number can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No material uncertainties that may cast doubt about the ability of the company to continue as a going concern have been identified by the director. Therefore, the director considers it appropriate to prepare the financial statements on the going concern basis.

Turnover
Revenue (described as turnover) is the value of goods (net of VAT) provided to customers during the year. Revenue is recognised on the date goods are despatched.

Intangible assets
Intangible assets are initially measured at cost. after initial recognition, intangible assets are measure at cost less any accumulated amortisation and any accumulated impairment losses.

Website costs are being amortised evenly over their estimated useful life of 5 years once the website has become live.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33.33% on cost

No depreciation is charged on short leasehold expenditure as the residual value on the expiry of the lease is equal to the cost.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value).


C M Taylor Holdings Limited (Registered number: 10987941)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

3. ACCOUNTING POLICIES - continued
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 end of the financial year.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the end of the financial year.

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.

Impairment of assets
Assets not measured at fair value are reviewed for any indications that the asset may be impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

C M Taylor Holdings Limited (Registered number: 10987941)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

5. INTANGIBLE FIXED ASSETS
Website
costs
£   
COST
At 1 February 2023
and 31 January 2024 15,000
AMORTISATION
At 1 February 2023 6,000
Amortisation for year 3,000
At 31 January 2024 9,000
NET BOOK VALUE
At 31 January 2024 6,000
At 31 January 2023 9,000

6. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023 24,243 23,170 7,744 55,157
Disposals - (10,494 ) (5,743 ) (16,237 )
At 31 January 2024 24,243 12,676 2,001 38,920
DEPRECIATION
At 1 February 2023 - 13,375 6,853 20,228
Charge for year - - 435 435
Eliminated on disposal - (6,264 ) (5,287 ) (11,551 )
At 31 January 2024 - 7,111 2,001 9,112
NET BOOK VALUE
At 31 January 2024 24,243 5,565 - 29,808
At 31 January 2023 24,243 9,795 891 34,929

7. STOCKS
2024 2023
£    £   
Stocks 134,300 264,012

8. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 10,113 21,252

C M Taylor Holdings Limited (Registered number: 10987941)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

8. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Other debtors 3,010 -

Aggregate amounts 13,123 21,252

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 11) 5,764 5,864
Trade creditors 51,879 166,978
Taxation and social security 3,309 5,098
Other creditors 25,653 6,735
86,605 184,675

Amounts owed to related parties are unsecured, interest free and payable on demand.

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 11) 34,586 37,629
Other creditors - 3,743
34,586 41,372

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 11,529 14,172

11. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,764 5,864
Other loans 3,685 3,455
9,449 9,319

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,764 5,864
Other loans - 1-2 years - 3,455
5,764 9,319

C M Taylor Holdings Limited (Registered number: 10987941)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

11. LOANS - continued
2024 2023
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 17,293 17,593
Other loans - 2-5 years - 288
17,293 17,881

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 11,529 14,172

12. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 850

13. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 3,685 7,198

The other loans are personally guaranteed by the director.

14. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax - 2,499

Deferred
tax
£   
Balance at 1 February 2023 2,499
Credit to Income Statement during year (5,509 )
Recognition of deferred
tax asset 3,010
Balance at 31 January 2024 -

C M Taylor Holdings Limited (Registered number: 10987941)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

15. RELATED PARTY DISCLOSURES

Transactions with related parties during the year and balances outstanding at the end of the reporting period were as follows:

Entities that have an interest in the company:

2024 2023
£ £
Management charges payable to entities 5,287 5,620
Amounts owed to entities 802 473

16. POST BALANCE SHEET EVENTS

On 7 February 2024 the company purchased 53,958 Preference £1 shares for £53,958. These shares were cancelled following the purchase.

On 8 February 2024 the company sold its trade and certain assets for total consideration of £206,006.

As at the date of signing these financial statements the director is considering new business opportunities for the company.