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REGISTERED NUMBER: 09111845 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Taylor Tipton Limited

Taylor Tipton Limited (Registered number: 09111845)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Taylor Tipton Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: J C MARNEY





REGISTERED OFFICE: Unit 5-6 Shedfield House
Dairy Sandy Lane,
Shedfield,
Southampton
Hampshire
SO32 2HQ





REGISTERED NUMBER: 09111845 (England and Wales)





ACCOUNTANTS: PD Accountancy Services Ltd
1 Post Office House
184 Bridge Road
Sarisbury Green
Southampton
Hampshire
SO31 7ED

Taylor Tipton Limited (Registered number: 09111845)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,270 5,175

CURRENT ASSETS
Stocks 125 250
Debtors 5 17,581 15,893
17,706 16,143
CREDITORS
Amounts falling due within one year 6 86,670 77,914
NET CURRENT LIABILITIES (68,964 ) (61,771 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(64,694

)

(56,596

)

CREDITORS
Amounts falling due after more than one
year

7

8,247

8,205
NET LIABILITIES (72,941 ) (64,801 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (72,943 ) (64,803 )
SHAREHOLDERS' FUNDS (72,941 ) (64,801 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Tipton Limited (Registered number: 09111845)

Balance Sheet - continued
31 July 2023


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 director and authorised for issue on 11 June 2024 and were signed by:





J C MARNEY - Director


Taylor Tipton Limited (Registered number: 09111845)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Taylor Tipton 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 - 25% on reducing balance

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.

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 2 (2022 - 2 ) .

Taylor Tipton Limited (Registered number: 09111845)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 August 2022 6,444
Additions 400
At 31 July 2023 6,844
DEPRECIATION
At 1 August 2022 1,269
Charge for year 1,305
At 31 July 2023 2,574
NET BOOK VALUE
At 31 July 2023 4,270
At 31 July 2022 5,175

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Deferred tax asset 17,432 15,709
Prepayments 149 184
17,581 15,893

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 5,811 5,943
Directors' current accounts 78,863 70,791
Accrued expenses 1,996 1,180
86,670 77,914

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans - 2-5 years 8,247 8,205

8. ULTIMATE CONTROLLING PARTY

The controlling party is J C MARNEY.