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REGISTERED NUMBER: 00399309 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

TAYLORS MOTORS (LISKEARD) LIMITED

TAYLORS MOTORS (LISKEARD) LIMITED (REGISTERED NUMBER: 00399309)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TAYLORS MOTORS (LISKEARD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: M E Lock
R W Libby





SECRETARY: M E Lock





REGISTERED OFFICE: Barn Street
LISKEARD
Cornwall
PL14 4BL





REGISTERED NUMBER: 00399309 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
TRURO
Cornwall
TR1 1DG

TAYLORS MOTORS (LISKEARD) LIMITED (REGISTERED NUMBER: 00399309)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 104,595 97,010

CURRENT ASSETS
Stocks 50,860 53,272
Debtors 6 80,036 75,425
Cash at bank and in hand 130,587 65,192
261,483 193,889
CREDITORS
Amounts falling due within one year 7 (93,215 ) (89,805 )
NET CURRENT ASSETS 168,268 104,084
TOTAL ASSETS LESS CURRENT
LIABILITIES

272,863

201,094

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 269,863 198,094
SHAREHOLDERS' FUNDS 272,863 201,094

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 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





R W Libby - Director


TAYLORS MOTORS (LISKEARD) LIMITED (REGISTERED NUMBER: 00399309)

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

1. STATUTORY INFORMATION

Taylors Motors (Liskeard) Limited 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. 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

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 25% on cost
Plant and machinery etc - 25% on reducing balance, 20% on cost and 15% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

TAYLORS MOTORS (LISKEARD) LIMITED (REGISTERED NUMBER: 00399309)

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

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 February 2023 36,855 148,723 143,209
Additions - 9,511 1,071
At 31 January 2024 36,855 158,234 144,280
DEPRECIATION
At 1 February 2023 7,523 89,237 135,633
Charge for year 327 1,917 2,099
At 31 January 2024 7,850 91,154 137,732
NET BOOK VALUE
At 31 January 2024 29,005 67,080 6,548
At 31 January 2023 29,332 59,486 7,576

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 12,725 29,766 371,278
Additions 2,000 - 12,582
At 31 January 2024 14,725 29,766 383,860
DEPRECIATION
At 1 February 2023 12,109 29,766 274,268
Charge for year 654 - 4,997
At 31 January 2024 12,763 29,766 279,265
NET BOOK VALUE
At 31 January 2024 1,962 - 104,595
At 31 January 2023 616 - 97,010

Included in cost of land and buildings is freehold land of £ 20,499 (2023 - £ 20,499 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 60,737 57,712
Other debtors 19,299 17,713
80,036 75,425

TAYLORS MOTORS (LISKEARD) LIMITED (REGISTERED NUMBER: 00399309)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 37,659 33,083
Taxation and social security 15,483 14,743
Other creditors 40,073 41,979
93,215 89,805

8. RELATED PARTY DISCLOSURES

As at the balance sheet date, the company owed the directors £3,474 (2023 :£3,458). This amount is shown within creditors repayable within one year.

The loan to the company is free of interest and repayable on demand.