2023-02-012024-01-312024-01-31false06045982TAYLOR & TAYLOR BUILDING SERVICES LIMITED2024-10-3043999iso4217:GBPxbrli:pure060459822023-02-01060459822024-01-31060459822023-02-012024-01-31060459822022-02-01060459822023-01-31060459822022-02-012023-01-3106045982bus:SmallEntities2023-02-012024-01-3106045982bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3106045982bus:FullAccounts2023-02-012024-01-3106045982bus:PrivateLimitedCompanyLtd2023-02-012024-01-3106045982core:WithinOneYear2024-01-3106045982core:AfterOneYear2024-01-3106045982core:WithinOneYear2023-01-3106045982core:AfterOneYear2023-01-3106045982core:ShareCapital2024-01-3106045982core:SharePremium2024-01-3106045982core:RevaluationReserve2024-01-3106045982core:OtherReservesSubtotal2024-01-3106045982core:RetainedEarningsAccumulatedLosses2024-01-3106045982core:ShareCapital2023-01-3106045982core:SharePremium2023-01-3106045982core:RevaluationReserve2023-01-3106045982core:OtherReservesSubtotal2023-01-3106045982core:RetainedEarningsAccumulatedLosses2023-01-3106045982core:LandBuildings2024-01-3106045982core:PlantMachinery2024-01-3106045982core:Vehicles2024-01-3106045982core:FurnitureFittings2024-01-3106045982core:OfficeEquipment2024-01-3106045982core:NetGoodwill2024-01-3106045982core:IntangibleAssetsOtherThanGoodwill2024-01-3106045982core:ListedExchangeTraded2024-01-3106045982core:UnlistedNon-exchangeTraded2024-01-3106045982core:LandBuildings2023-01-3106045982core:PlantMachinery2023-01-3106045982core:Vehicles2023-01-3106045982core:FurnitureFittings2023-01-3106045982core:OfficeEquipment2023-01-3106045982core:NetGoodwill2023-01-3106045982core:IntangibleAssetsOtherThanGoodwill2023-01-3106045982core:ListedExchangeTraded2023-01-3106045982core:UnlistedNon-exchangeTraded2023-01-3106045982core:LandBuildings2023-02-012024-01-3106045982core:PlantMachinery2023-02-012024-01-3106045982core:Vehicles2023-02-012024-01-3106045982core:FurnitureFittings2023-02-012024-01-3106045982core:OfficeEquipment2023-02-012024-01-3106045982core:NetGoodwill2023-02-012024-01-3106045982core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3106045982core:ListedExchangeTraded2023-02-012024-01-3106045982core:UnlistedNon-exchangeTraded2023-02-012024-01-3106045982core:MoreThanFiveYears2023-02-012024-01-3106045982core:Non-currentFinancialInstruments2024-01-3106045982core:Non-currentFinancialInstruments2023-01-3106045982dpl:CostSales2023-02-012024-01-3106045982dpl:DistributionCosts2023-02-012024-01-3106045982core:LandBuildings2023-02-012024-01-3106045982core:PlantMachinery2023-02-012024-01-3106045982core:Vehicles2023-02-012024-01-3106045982core:FurnitureFittings2023-02-012024-01-3106045982core:OfficeEquipment2023-02-012024-01-3106045982dpl:AdministrativeExpenses2023-02-012024-01-3106045982core:NetGoodwill2023-02-012024-01-3106045982core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3106045982dpl:GroupUndertakings2023-02-012024-01-3106045982dpl:ParticipatingInterests2023-02-012024-01-3106045982dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3106045982core:ListedExchangeTraded2023-02-012024-01-3106045982dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3106045982core:UnlistedNon-exchangeTraded2023-02-012024-01-3106045982dpl:CostSales2022-02-012023-01-3106045982dpl:DistributionCosts2022-02-012023-01-3106045982core:LandBuildings2022-02-012023-01-3106045982core:PlantMachinery2022-02-012023-01-3106045982core:Vehicles2022-02-012023-01-3106045982core:FurnitureFittings2022-02-012023-01-3106045982core:OfficeEquipment2022-02-012023-01-3106045982dpl:AdministrativeExpenses2022-02-012023-01-3106045982core:NetGoodwill2022-02-012023-01-3106045982core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3106045982dpl:GroupUndertakings2022-02-012023-01-3106045982dpl:ParticipatingInterests2022-02-012023-01-3106045982dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3106045982core:ListedExchangeTraded2022-02-012023-01-3106045982dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3106045982core:UnlistedNon-exchangeTraded2022-02-012023-01-3106045982core:NetGoodwill2024-01-3106045982core:IntangibleAssetsOtherThanGoodwill2024-01-3106045982core:LandBuildings2024-01-3106045982core:PlantMachinery2024-01-3106045982core:Vehicles2024-01-3106045982core:FurnitureFittings2024-01-3106045982core:OfficeEquipment2024-01-3106045982core:AfterOneYear2024-01-3106045982core:WithinOneYear2024-01-3106045982core:ListedExchangeTraded2024-01-3106045982core:UnlistedNon-exchangeTraded2024-01-3106045982core:ShareCapital2024-01-3106045982core:SharePremium2024-01-3106045982core:RevaluationReserve2024-01-3106045982core:OtherReservesSubtotal2024-01-3106045982core:RetainedEarningsAccumulatedLosses2024-01-3106045982core:NetGoodwill2023-01-3106045982core:IntangibleAssetsOtherThanGoodwill2023-01-3106045982core:LandBuildings2023-01-3106045982core:PlantMachinery2023-01-3106045982core:Vehicles2023-01-3106045982core:FurnitureFittings2023-01-3106045982core:OfficeEquipment2023-01-3106045982core:AfterOneYear2023-01-3106045982core:WithinOneYear2023-01-3106045982core:ListedExchangeTraded2023-01-3106045982core:UnlistedNon-exchangeTraded2023-01-3106045982core:ShareCapital2023-01-3106045982core:SharePremium2023-01-3106045982core:RevaluationReserve2023-01-3106045982core:OtherReservesSubtotal2023-01-3106045982core:RetainedEarningsAccumulatedLosses2023-01-3106045982core:NetGoodwill2022-02-0106045982core:IntangibleAssetsOtherThanGoodwill2022-02-0106045982core:LandBuildings2022-02-0106045982core:PlantMachinery2022-02-0106045982core:Vehicles2022-02-0106045982core:FurnitureFittings2022-02-0106045982core:OfficeEquipment2022-02-0106045982core:AfterOneYear2022-02-0106045982core:WithinOneYear2022-02-0106045982core:ListedExchangeTraded2022-02-0106045982core:UnlistedNon-exchangeTraded2022-02-0106045982core:ShareCapital2022-02-0106045982core:SharePremium2022-02-0106045982core:RevaluationReserve2022-02-0106045982core:OtherReservesSubtotal2022-02-0106045982core:RetainedEarningsAccumulatedLosses2022-02-0106045982core:AfterOneYear2023-02-012024-01-3106045982core:WithinOneYear2023-02-012024-01-3106045982core:Non-currentFinancialInstrumentscore:CostValuation2023-02-012024-01-3106045982core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-02-012024-01-3106045982core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-02-012024-01-3106045982core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-02-012024-01-3106045982core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-02-012024-01-3106045982core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-02-012024-01-3106045982core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3106045982core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3106045982core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3106045982core:Non-currentFinancialInstrumentscore:CostValuation2024-01-3106045982core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-01-3106045982core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-01-3106045982core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-01-3106045982core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-01-3106045982core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-01-3106045982core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-01-3106045982core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-01-3106045982core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-01-3106045982core:Non-currentFinancialInstrumentscore:CostValuation2023-01-3106045982core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-3106045982core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-3106045982core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-3106045982core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-3106045982core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-3106045982core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-3106045982core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-3106045982core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-3106045982bus:Director12023-02-012024-01-3106045982bus:Director22023-02-012024-01-3106045982core:FurnitureFittingsToolsEquipment2023-01-3106045982core:FurnitureFittingsToolsEquipment2023-02-012024-01-3106045982core:FurnitureFittingsToolsEquipment2024-01-31

TAYLOR & TAYLOR BUILDING SERVICES LIMITED

Registered Number
06045982
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

TAYLOR & TAYLOR BUILDING SERVICES LIMITED
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

S Taylor
V Taylor

Company Secretary

V Taylor

Registered Address

3 Ashbourne Road
Hazel Grove
Stockport
SK7 6DX

Registered Number

06045982 (England and Wales)
TAYLOR & TAYLOR BUILDING SERVICES LIMITED
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets413,37467
13,37467
Current assets
Stocks55,833-
Debtors8,453608
Cash at bank and on hand37,79639,278
52,08239,886
Creditors amounts falling due within one year6(19,580)(18,472)
Net current assets (liabilities)32,50221,414
Total assets less current liabilities45,87621,481
Creditors amounts falling due after one year7(2,500)-
Provisions for liabilities8(2,541)(13)
Net assets40,83521,468
Capital and reserves
Called up share capital22
Profit and loss account40,83321,466
Shareholders' funds40,83521,468
The financial statements were approved and authorised for issue by the Board of Directors on 30 October 2024, and are signed on its behalf by:
S Taylor
Director
Registered Company No. 06045982
TAYLOR & TAYLOR BUILDING SERVICES LIMITED
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery5
Fixtures and fittings3
Vehicles4
Office Equipment3
Stocks and work in progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
2.Average number of employees

20242023
Average number of employees during the year33
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 February 235,0005,000
At 31 January 245,0005,000
Amortisation and impairment
At 01 February 235,0005,000
At 31 January 245,0005,000
Net book value
At 31 January 24--
At 31 January 23--
4.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 February 233,89413,33054556418,333
Additions-16,049--16,049
At 31 January 243,89429,37954556434,382
Depreciation and impairment
At 01 February 233,82713,33054556418,266
Charge for year672,675--2,742
At 31 January 243,89416,00554556421,008
Net book value
At 31 January 24-13,374--13,374
At 31 January 2367---67
5.Stocks
Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost comprises direct materials, and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

2024

2023

££
Work in progress5,833-
Total5,833-
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,2432,692
Bank borrowings and overdrafts2,8653,377
Taxation and social security13,65412,086
Other creditors1,818317
Total19,58018,472
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
7.Creditors: amounts due after one year

2024

2023

££
Other creditors2,500-
Total2,500-
8.Provisions for liabilities
Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the company becomes aware of the obligation and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.

2024

2023

££
Net deferred tax liability (asset)2,54113
Total2,54113