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REGISTERED NUMBER: 00602674 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

TAYLORS (CONFECTIONERS) LIMITED

TAYLORS (CONFECTIONERS) LIMITED (REGISTERED NUMBER: 00602674)






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




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


TAYLORS (CONFECTIONERS) LIMITED (REGISTERED NUMBER: 00602674)

ABRIDGED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 191,635 213,620
Investment property 5 450,000 450,000
641,635 663,620

CURRENT ASSETS
Stocks 11,490 16,116
Debtors 46,577 49,929
Cash at bank and in hand 568,340 585,623
626,407 651,668
CREDITORS
Amounts falling due within one year 56,058 48,511
NET CURRENT ASSETS 570,349 603,157
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,211,984

1,266,777

PROVISIONS FOR LIABILITIES 18,107 21,627
NET ASSETS 1,193,877 1,245,150

CAPITAL AND RESERVES
Called up share capital 6 3,000 3,000
Capital redemption reserve 57,000 57,000
Capital contribution reserve 82,000 84,000
Non distributable reserve 26,440 26,440
Retained earnings 1,025,437 1,074,710
SHAREHOLDERS' FUNDS 1,193,877 1,245,150

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.

TAYLORS (CONFECTIONERS) LIMITED (REGISTERED NUMBER: 00602674)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by:





R Taylor - Director


TAYLORS (CONFECTIONERS) LIMITED (REGISTERED NUMBER: 00602674)

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

1. STATUTORY INFORMATION

Taylors (Confectioners) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00602674

Registered office: Hill Street Bakery
Leigh
Lancashire
WN7 4DT

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 2% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

TAYLORS (CONFECTIONERS) LIMITED (REGISTERED NUMBER: 00602674)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 17 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 531,482
Additions 2,677
At 31 March 2024 534,159
DEPRECIATION
At 1 April 2023 317,862
Charge for year 24,662
At 31 March 2024 342,524
NET BOOK VALUE
At 31 March 2024 191,635
At 31 March 2023 213,620

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 450,000
NET BOOK VALUE
At 31 March 2024 450,000
At 31 March 2023 450,000

TAYLORS (CONFECTIONERS) LIMITED (REGISTERED NUMBER: 00602674)

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

6. CALLED UP SHARE CAPITAL


Number: Class: Nominal 2024 2023
Value: £ £
2980 Ordinary £1 2,980 2,980
5 'A' Ordinary £1 5 5
5 'B' Ordinary £1 5 5
5 'C' Ordinary £1 5 5
5 'D' Ordinary £1 5 5
3,000 3,000