Taylew Ltd |
Notes to the Accounts |
for the year ended 31 March 2024 |
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1 |
Accounting policies |
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Turnover |
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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. |
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Tangible fixed assets |
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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: |
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Fixtures, fittings, tools and equipment |
over 4 years |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). |
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Taxation |
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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. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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At 1 April 2023 |
2,630 |
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At 31 March 2024 |
2,630 |
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Depreciation |
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At 1 April 2023 |
1,018 |
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Charge for the year |
538 |
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At 31 March 2024 |
1,556 |
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Net book value |
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At 31 March 2024 |
1,074 |
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At 31 March 2023 |
1,612 |
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4 |
Debtors |
2024 |
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2023 |
£ |
£ |
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Trade debtors |
1,484 |
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1,615 |
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Other debtors |
84 |
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356 |
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1,568 |
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1,971 |
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5 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Corporation tax |
4,833 |
|
6,933 |
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Other creditors |
33,425 |
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31,527 |
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38,258 |
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38,460 |
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6 |
Other information |
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Taylew Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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The Barn |
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173 Church Road |
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Northfield |
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Birmingham |
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B31 2LX |