IRIS Accounts Production v24.3.0.553 06393709 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false false true false Ordinary 1.00000 14147 10736 11965 4411 31624 1000 5512 14147 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh063937092023-02-28063937092024-02-29063937092023-03-012024-02-29063937092022-02-28063937092022-03-012023-02-28063937092023-02-2806393709ns15:EnglandWales2023-03-012024-02-2906393709ns14:PoundSterling2023-03-012024-02-2906393709ns10:Director12023-03-012024-02-2906393709ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2906393709ns10:SmallEntities2023-03-012024-02-2906393709ns10:AuditExemptWithAccountantsReport2023-03-012024-02-2906393709ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2906393709ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2906393709ns10:FullAccounts2023-03-012024-02-290639370912023-03-012024-02-2906393709ns10:OrdinaryShareClass12023-03-012024-02-2906393709ns10:Director2422023-02-2806393709ns10:Director2422022-02-2806393709ns10:Director2422023-03-012024-02-2906393709ns10:Director2422022-03-012023-02-2806393709ns10:Director2422024-02-2906393709ns10:Director2422023-02-2806393709ns10:Director22023-03-012024-02-2906393709ns10:RegisteredOffice2023-03-012024-02-2906393709ns5:CurrentFinancialInstruments2024-02-2906393709ns5:CurrentFinancialInstruments2023-02-2806393709ns5:Non-currentFinancialInstruments2024-02-2906393709ns5:Non-currentFinancialInstruments2023-02-2806393709ns5:ShareCapital2024-02-2906393709ns5:ShareCapital2023-02-2806393709ns5:RetainedEarningsAccumulatedLosses2024-02-2906393709ns5:RetainedEarningsAccumulatedLosses2023-02-2806393709ns5:NetGoodwill2023-03-012024-02-2906393709ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2906393709ns5:FurnitureFittings2023-03-012024-02-2906393709ns5:MotorVehicles2023-03-012024-02-2906393709ns5:NetGoodwill2023-02-2806393709ns5:NetGoodwill2024-02-2906393709ns5:NetGoodwill2023-02-2806393709ns5:LandBuildingsns5:ShortLeaseholdAssets2023-02-2806393709ns5:PlantMachinery2023-02-2806393709ns5:FurnitureFittings2023-02-2806393709ns5:LandBuildingsns5:ShortLeaseholdAssets2023-03-012024-02-2906393709ns5:PlantMachinery2023-03-012024-02-2906393709ns5:LandBuildingsns5:ShortLeaseholdAssets2024-02-2906393709ns5:PlantMachinery2024-02-2906393709ns5:FurnitureFittings2024-02-2906393709ns5:LandBuildingsns5:ShortLeaseholdAssets2023-02-2806393709ns5:PlantMachinery2023-02-2806393709ns5:FurnitureFittings2023-02-2806393709ns5:MotorVehicles2023-02-2806393709ns5:ComputerEquipment2023-02-2806393709ns5:ComputerEquipment2023-03-012024-02-2906393709ns5:MotorVehicles2024-02-2906393709ns5:ComputerEquipment2024-02-2906393709ns5:MotorVehicles2023-02-2806393709ns5:ComputerEquipment2023-02-2806393709ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2906393709ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2806393709ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-02-2906393709ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-02-2806393709ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-02-2906393709ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-02-2806393709ns10:OrdinaryShareClass12024-02-29063937091ns10:Director12023-02-28063937091ns10:Director12022-02-28063937091ns10:Director12023-03-012024-02-29063937091ns10:Director12022-03-012023-02-28063937091ns10:Director12024-02-29063937091ns10:Director12023-02-28
REGISTERED NUMBER: 06393709 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

TAYLOR-MADE INNS LIMITED

TAYLOR-MADE INNS LIMITED (REGISTERED NUMBER: 06393709)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

TAYLOR-MADE INNS LIMITED

COMPANY INFORMATION
for the year ended 29 February 2024







DIRECTORS: N Taylor
K Brummell





REGISTERED OFFICE: The Fox Inn
Bridgnorth Road Shipley
Nr Pattingham Wolverhampton
South
Staffordshire
WV6 7EH





REGISTERED NUMBER: 06393709 (England and Wales)





ACCOUNTANTS: Accumen Business Consultancy Limited
Coventry University
Technology Park
Puma Way
Coventry
CV1 2TT

TAYLOR-MADE INNS LIMITED (REGISTERED NUMBER: 06393709)

BALANCE SHEET
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 42,903 16,167
42,903 16,167

CURRENT ASSETS
Stocks 17,730 18,399
Debtors 6 55,573 78,038
Cash at bank and in hand 33,320 48,312
106,623 144,749
CREDITORS
Amounts falling due within one year 7 173,628 169,386
NET CURRENT LIABILITIES (67,005 ) (24,637 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(24,102

)

(8,470

)

CREDITORS
Amounts falling due after more than one year 8 23,750 42,750
NET LIABILITIES (47,852 ) (51,220 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (47,853 ) (51,221 )
SHAREHOLDERS' FUNDS (47,852 ) (51,220 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

TAYLOR-MADE INNS LIMITED (REGISTERED NUMBER: 06393709)

BALANCE SHEET - continued
29 February 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 26 November 2024 and were signed on its behalf by:





N Taylor - Director


TAYLOR-MADE INNS LIMITED (REGISTERED NUMBER: 06393709)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 29 February 2024


1. STATUTORY INFORMATION

Taylor-made Inns 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2008, has been amortised evenly over its estimated useful life of ten years. It has now been fully written off.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

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.

TAYLOR-MADE INNS LIMITED (REGISTERED NUMBER: 06393709)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 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 contributes towards a workplace pension scheme. These contributions 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 21 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 59,999
AMORTISATION
At 1 March 2023
and 29 February 2024 59,999
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

TAYLOR-MADE INNS LIMITED (REGISTERED NUMBER: 06393709)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 March 2023 1 13,294 203,165
Additions - 15,502 865
At 29 February 2024 1 28,796 204,030
DEPRECIATION
At 1 March 2023 - 7,111 199,324
Charge for year - 3,229 3,971
At 29 February 2024 - 10,340 203,295
NET BOOK VALUE
At 29 February 2024 1 18,456 735
At 28 February 2023 1 6,183 3,841

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 - 6,142 222,602
Additions 19,375 1,148 36,890
At 29 February 2024 19,375 7,290 259,492
DEPRECIATION
At 1 March 2023 - - 206,435
Charge for year 2,826 128 10,154
At 29 February 2024 2,826 128 216,589
NET BOOK VALUE
At 29 February 2024 16,549 7,162 42,903
At 28 February 2023 - 6,142 16,167

TAYLOR-MADE INNS LIMITED (REGISTERED NUMBER: 06393709)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 7,179 7,179
Directors' current accounts - 14,147
Tax 4,640 4,640
Prepayments 43,754 52,072
55,573 78,038

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 19,000 19,000
Trade creditors 70,623 75,023
Tax 1,151 5,772
Social security and other taxes 14,182 4,462
VAT 52,430 49,627
Other creditors 268 393
Directors' current accounts 5,512 -
Accrued expenses 10,462 15,109
173,628 169,386

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans - 1-2 years 19,000 19,000
Bank loans - 2-5 years 4,750 23,750
23,750 42,750

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
2 Ordinary 1.00 1 1

10. OTHER FINANCIAL COMMITMENTS

The company is committed to a total of £2,756 (2023: £45,881) all due within five years in respect of ongoing operating leases.

TAYLOR-MADE INNS LIMITED (REGISTERED NUMBER: 06393709)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
N Taylor and K Brummell
Balance outstanding at start of year 14,147 10,736
Amounts advanced 11,965 4,411
Amounts repaid (31,624 ) (1,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,512 ) 14,147

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr N Taylor and Ms K Brummell.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TAYLOR-MADE INNS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Taylor-made Inns Limited for the year ended 29 February 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Taylor-made Inns Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Taylor-made Inns Limited and state those matters that we have agreed to state to the Board of Directors of Taylor-made Inns Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Taylor-made Inns Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Taylor-made Inns Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Taylor-made Inns Limited. You consider that Taylor-made Inns Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Taylor-made Inns Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Accumen Business Consultancy Limited
Coventry University
Technology Park
Puma Way
Coventry
CV1 2TT


26 November 2024