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REGISTERED NUMBER: 05849731 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Tailored Inspection Limited

Tailored Inspection Limited (Registered number: 05849731)






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


Tailored Inspection Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr C Taylor
Mr E P Taylor





SECRETARY: Mrs R Taylor





REGISTERED OFFICE: 3B Lockheed Court
Preston Farm
Stockton-on-Tees
TS18 3SH





REGISTERED NUMBER: 05849731 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

Tailored Inspection Limited (Registered number: 05849731)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 2,561 2,074

CURRENT ASSETS
Debtors 5 20,586 29,513
Cash at bank 11,628 47,200
32,214 76,713
CREDITORS
Amounts falling due within one year 6 23,355 37,772
NET CURRENT ASSETS 8,859 38,941
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,420

41,015

CREDITORS
Amounts falling due after more than one
year

7

(9,333

)

(16,333

)

PROVISIONS FOR LIABILITIES (203 ) (48 )
NET ASSETS 1,884 24,634

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 884 23,634
SHAREHOLDERS' FUNDS 1,884 24,634

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.

Tailored Inspection Limited (Registered number: 05849731)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:





Mr C Taylor - Director


Tailored Inspection Limited (Registered number: 05849731)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Tailored Inspection 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 20% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred 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.

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 3 (2023 - 3 ) .

Tailored Inspection Limited (Registered number: 05849731)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 April 2023 19,860
Additions 1,404
At 31 March 2024 21,264
DEPRECIATION
At 1 April 2023 17,786
Charge for year 917
At 31 March 2024 18,703
NET BOOK VALUE
At 31 March 2024 2,561
At 31 March 2023 2,074

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£ £
Trade debtors 7,146 5,976
Other debtors 13,440 23,537
20,586 29,513

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£ £
Bank loans and overdrafts 7,000 7,000
Taxation and social security 15,139 29,674
Other creditors 1,216 1,098
23,355 37,772

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£ £
Bank loans 9,333 16,333

Tailored Inspection Limited (Registered number: 05849731)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31/3/24 31/3/23
£ £
Mr C Taylor
Balance outstanding at start of year 11,983 10,876
Amounts advanced 1,174 1,965
Amounts repaid (7,273 ) (858 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,884 11,983

Mr E P Taylor
Balance outstanding at start of year 6,960 10,944
Amounts advanced 1,273 (3,917 )
Amounts repaid (5,947 ) (67 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,286 6,960

Interest has been charged on the above loan at 2.25%.