Acorah Software Products - Accounts Production 16.0.110 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 12085163 Mr Phillip Morris Mrs Marie Morris Mr Andrew Taylor Mrs Clare Taylor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12085163 2023-07-31 12085163 2024-07-31 12085163 2023-08-01 2024-07-31 12085163 frs-core:CurrentFinancialInstruments 2024-07-31 12085163 frs-core:Non-currentFinancialInstruments 2024-07-31 12085163 frs-core:BetweenOneFiveYears 2024-07-31 12085163 frs-core:ComputerEquipment 2024-07-31 12085163 frs-core:ComputerEquipment 2023-08-01 2024-07-31 12085163 frs-core:ComputerEquipment 2023-07-31 12085163 frs-core:MotorVehicles 2024-07-31 12085163 frs-core:MotorVehicles 2023-08-01 2024-07-31 12085163 frs-core:MotorVehicles 2023-07-31 12085163 frs-core:PlantMachinery 2024-07-31 12085163 frs-core:PlantMachinery 2023-08-01 2024-07-31 12085163 frs-core:PlantMachinery 2023-07-31 12085163 frs-core:WithinOneYear 2024-07-31 12085163 frs-core:ShareCapital 2024-07-31 12085163 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 12085163 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12085163 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 12085163 frs-bus:SmallEntities 2023-08-01 2024-07-31 12085163 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12085163 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12085163 frs-bus:OrdinaryShareClass2 2023-08-01 2024-07-31 12085163 frs-bus:OrdinaryShareClass2 2024-07-31 12085163 frs-bus:OrdinaryShareClass3 2023-08-01 2024-07-31 12085163 frs-bus:OrdinaryShareClass3 2024-07-31 12085163 frs-bus:Director1 2023-08-01 2024-07-31 12085163 frs-bus:Director1 2023-07-31 12085163 frs-bus:Director1 2024-07-31 12085163 frs-bus:Director2 2023-08-01 2024-07-31 12085163 frs-bus:Director3 2023-08-01 2024-07-31 12085163 frs-bus:Director3 2023-07-31 12085163 frs-bus:Director3 2024-07-31 12085163 frs-bus:Director4 2023-08-01 2024-07-31 12085163 frs-countries:EnglandWales 2023-08-01 2024-07-31 12085163 2022-07-31 12085163 2023-07-31 12085163 2022-08-01 2023-07-31 12085163 frs-core:CurrentFinancialInstruments 2023-07-31 12085163 frs-core:Non-currentFinancialInstruments 2023-07-31 12085163 frs-core:BetweenOneFiveYears 2023-07-31 12085163 frs-core:WithinOneYear 2023-07-31 12085163 frs-core:ShareCapital 2023-07-31 12085163 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 12085163 frs-bus:OrdinaryShareClass2 2022-08-01 2023-07-31 12085163 frs-bus:OrdinaryShareClass3 2022-08-01 2023-07-31
Registered number: 12085163
A M Taylor Property Group Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12085163
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 32,568 37,612
32,568 37,612
CURRENT ASSETS
Stocks 5 563,218 1,112,505
Debtors 6 194,286 367,160
Cash at bank and in hand 3,799 147,326
761,303 1,626,991
Creditors: Amounts Falling Due Within One Year 7 (577,407 ) (1,203,493 )
NET CURRENT ASSETS (LIABILITIES) 183,896 423,498
TOTAL ASSETS LESS CURRENT LIABILITIES 216,464 461,110
Creditors: Amounts Falling Due After More Than One Year 8 (6,300 ) (10,080 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,142 ) (7,146 )
NET ASSETS 202,022 443,884
CAPITAL AND RESERVES
Called up share capital 10 4 6
Profit and Loss Account 202,018 443,878
SHAREHOLDERS' FUNDS 202,022 443,884
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For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Phillip Morris
Director
18 November 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
A M Taylor Property Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12085163 . The registered office is Unit 46b, Claydon Business Park, Great Blakenham, Ipswich, Suffolk, IP6 0NL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Equipment 25% on reducing balance
Motor Vehicles 25% on reducing balance
Office Equipment 33% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 12)
9 12
4. Tangible Assets
Equipment Motor Vehicles Office Equipment Total
£ £ £ £
Cost
As at 1 August 2023 2,530 55,695 - 58,225
Additions 141 5,000 329 5,470
As at 31 July 2024 2,671 60,695 329 63,695
Depreciation
As at 1 August 2023 572 20,041 - 20,613
Provided during the period 522 9,955 37 10,514
As at 31 July 2024 1,094 29,996 37 31,127
Net Book Value
As at 31 July 2024 1,577 30,699 292 32,568
As at 1 August 2023 1,958 35,654 - 37,612
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5. Stocks
2024 2023
£ £
Work in progress 563,218 1,112,505
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,684 51,759
Amounts recoverable on contracts - 18,300
Prepayments and accrued income 6,602 5,448
Other debtors - 16,653
Amounts owed by other participating interests 185,000 275,000
194,286 367,160
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,780 3,780
Trade creditors 98,194 69,987
Corporation tax - 14,013
Social security & other taxes 8,074 8,160
Other creditors 200,672 712
Accrued & deferred income 21,700 661,856
Directors' loan accounts 244,987 444,985
577,407 1,203,493
Included within Other Creditors is £200,000 owed to former directors & shareholders, Mr Jonathan Wright & Mrs Claire Wright, and is to be repaid within 12 months of the balance sheet date.
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,300 10,080
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,780 3,780
Later than one year and not later than five years 6,300 10,080
10,080 13,860
10,080 13,860
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2 Ordinary A shares of £ 1.000 each 2 3
2 Ordinary B shares of £ 1.000 each 2 3
4 6
On 5 October 2023, the company agreed to the purchase of its own shares, being 1 Ordinary A Share & 1 Ordinary B Share from former directors & shareholders, Mr Jonathan Wright & Mrs Claire Wright. The aggregate amount paid on these shares was £150,000. 
Stamp Duty of 0.50% was paid on the consideration which amounted to £750.
1 Ordinary A Share & 1 Ordinary B Share were cancelled on 5 October 2023.
11. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £672 (2023: £712) were due to the fund. They are included in Other Creditors.
12. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Jonathan Wright 199,998 - (199,998) - -
Mr Phillip Morris 149,998 25,000 (25,000 ) - 149,998
Mr Andrew Taylor 94,989 - - - 94,989
The above loans are unsecured, & repayable on demand.
Interest of £1,250 (2023: £8,500) was paid to Mr Jonathan Wright for the provision of the above loan at the official rate. Mr Jonathan Wright ceased to be a director on 5 October 2023.
Interest of £2,500 (2023: £2,500) was paid to Mr Philiip Morris for the provision of the above loan at the official rate.
Interest of £Nil (2023: £Nil) was paid to Mr Andrew Taylor for the provision of the above loan at the official rate.
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