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Company Registration No. 13210838 (England and Wales)
Taylors Chippy Ltd Unaudited accounts for the year ended 29 February 2024
Taylors Chippy Ltd Unaudited accounts Contents
Page
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Taylors Chippy Ltd Company Information for the year ended 29 February 2024
Directors
JM Taylor TE Taylor
Company Number
13210838 (England and Wales)
Registered Office
Lane Ends Cottage, Nightfield Lane Balderstone Blaclburn Lancashire BB2 7LJ
Accountants
Pearson & Associates Suite E, Canal Wharf Eshton Road Gargrave, Skipton North Yorkshire BD23 3SE
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Taylors Chippy Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
35,768 
32,886 
Current assets
Debtors
- 
9,762 
Cash at bank and in hand
11,135 
28,025 
11,135 
37,787 
Creditors: amounts falling due within one year
(16,587)
(52,869)
Net current liabilities
(5,452)
(15,082)
Net assets
30,316 
17,804 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
30,315 
17,803 
Shareholders' funds
30,316 
17,804 
For the year ending 29 February 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by
JM Taylor Director Company Registration No. 13210838
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Taylors Chippy Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Taylors Chippy Ltd is a private company, limited by shares, registered in England and Wales, registration number 13210838. The registered office is Lane Ends Cottage, Nightfield Lane, Balderstone, Blaclburn, Lancashire, BB2 7LJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% on cost
Fixtures & fittings
25% on cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Taylors Chippy Ltd Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
33,902 
3,035 
36,937 
Additions
6,780 
250 
7,030 
At 29 February 2024
40,682 
3,285 
43,967 
Depreciation
At 1 March 2023
3,387 
664 
4,051 
Charge for the year
3,390 
758 
4,148 
At 29 February 2024
6,777 
1,422 
8,199 
Net book value
At 29 February 2024
33,905 
1,863 
35,768 
At 28 February 2023
30,515 
2,371 
32,886 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
9,762 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
894 
21 
Taxes and social security
446 
517 
Other creditors
34 
- 
Loans from directors
15,213 
52,331 
16,587 
52,869 
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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