Registered number
08996269
Taylew Ltd
Filleted Accounts
31 March 2024
Taylew Ltd
Registered number: 08996269
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,074 1,612
Current assets
Debtors 4 1,568 1,971
Cash at bank and in hand 48,484 48,274
50,052 50,245
Creditors: amounts falling due within one year 5 (38,258) (38,460)
Net current assets 11,794 11,785
Net assets 12,868 13,397
Capital and reserves
Called up share capital 100 100
Profit and loss account 12,768 13,297
Shareholder's funds 12,868 13,397
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M P B Raven
Director
Approved by the board on 7 November 2024
Taylew Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period where material.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 2,630
At 31 March 2024 2,630
Depreciation
At 1 April 2023 1,018
Charge for the year 538
At 31 March 2024 1,556
Net book value
At 31 March 2024 1,074
At 31 March 2023 1,612
4 Debtors 2024 2023
£ £
Trade debtors 1,484 1,615
Other debtors 84 356
1,568 1,971
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 4,833 6,933
Other creditors 33,425 31,527
38,258 38,460
6 Other information
Taylew Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Barn
173 Church Road
Northfield
Birmingham
B31 2LX
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