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REGISTERED NUMBER: 00742009 (England and Wales)
















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

HARRY TAYLOR OF ASHTON LIMITED

HARRY TAYLOR OF ASHTON LIMITED (REGISTERED NUMBER: 00742009)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARRY TAYLOR OF ASHTON LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTORS: J D R Howard
Mrs J E Howard





SECRETARY: J D R Howard





REGISTERED OFFICE: Kitsons Works
Aylesbury Road
Bromley
Kent
BR2 0QZ





REGISTERED NUMBER: 00742009 (England and Wales)





ACCOUNTANTS: Crane & Partners
Chartered Accountants
Leonard House
5 - 7 Newman Road
Bromley
Kent
BR1 1RJ

HARRY TAYLOR OF ASHTON LIMITED (REGISTERED NUMBER: 00742009)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,668,196 1,634,856
Investment property 5 2,982,203 2,982,203
4,650,399 4,617,059

CURRENT ASSETS
Stocks 81,139 69,895
Debtors 6 105,991 109,620
Cash at bank and in hand 1,397,066 1,148,033
1,584,196 1,327,548
CREDITORS
Amounts falling due within one year 7 625,225 622,298
NET CURRENT ASSETS 958,971 705,250
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,609,370

5,322,309

PROVISIONS FOR LIABILITIES 270,800 270,800
NET ASSETS 5,338,570 5,051,509

CAPITAL AND RESERVES
Called up share capital 32,635 32,635
Share premium 158,466 158,466
Retained earnings 5,147,469 4,860,408
SHAREHOLDERS' FUNDS 5,338,570 5,051,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

HARRY TAYLOR OF ASHTON LIMITED (REGISTERED NUMBER: 00742009)

BALANCE SHEET - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:





J D R Howard - Director


HARRY TAYLOR OF ASHTON LIMITED (REGISTERED NUMBER: 00742009)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

Harry Taylor of Ashton 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Where sales have been invoiced before the balance sheet date and the goods supplied after the balance sheet date, the invoice is deferred until the period when income is earned.

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 - 2% on cost
Plant and machinery etc - 25% on cost, 25% on reducing balance and 15% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

HARRY TAYLOR OF ASHTON LIMITED (REGISTERED NUMBER: 00742009)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 23 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 1,684,479 258,916 1,943,395
Additions - 54,045 54,045
At 31 March 2024 1,684,479 312,961 1,997,440
DEPRECIATION
At 1 April 2023 68,723 239,816 308,539
Charge for year 3,690 17,015 20,705
At 31 March 2024 72,413 256,831 329,244
NET BOOK VALUE
At 31 March 2024 1,612,066 56,130 1,668,196
At 31 March 2023 1,615,756 19,100 1,634,856

Included in cost or valuation of land and buildings is freehold land of £ 1,500,000 (2023 - £ 1,500,000 ) which is not depreciated.

Cost or valuation at 31 March 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2016 1,500,000 - 1,500,000
Cost 184,479 312,961 497,440
1,684,479 312,961 1,997,440

HARRY TAYLOR OF ASHTON LIMITED (REGISTERED NUMBER: 00742009)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS - continued

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 317,913 317,913

Freehold land and buildings were valued on an open market basis on 31 March 2021 by the directors .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 2,982,203
NET BOOK VALUE
At 31 March 2024 2,982,203
At 31 March 2023 2,982,203

Included in fair value of investment property is freehold land of £ 2,982,203 (2023 - £ 2,982,203 ) which is not depreciated.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2021 958,805
Cost 2,023,398
2,982,203

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 2,023,398 2,023,398

Investment property was valued on an open market basis on by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 73,422 65,937
Other debtors 32,569 43,683
105,991 109,620

HARRY TAYLOR OF ASHTON LIMITED (REGISTERED NUMBER: 00742009)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 40,110 57,310
Trade creditors 97,876 166,319
Taxation and social security 211,116 151,451
Other creditors 276,123 247,218
625,225 622,298

8. SECURED DEBTS

There is a first legal charge held over the freehold properties at Guide Bridge Trading Estate, Ashton-under-Lyne, held by the bank in respect of the bank loans.The charge was satisfied on 25 July 2023.

9. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr J D R Howard and The Howard Family Settlement.
The trustees of The Howard Family Settlement are Mr JDR Howard, and Mrs J E Howard, both of whom are directors of the company and Mrs K E La Motte.