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REGISTERED NUMBER: 03894103 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

W.S.H.Taylor Engineering Limited

W.S.H.Taylor Engineering Limited (Registered number: 03894103)






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


W.S.H.Taylor Engineering Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: W S H Taylor
Mrs F J Knapper





SECRETARY: Mrs A J Taylor





REGISTERED OFFICE: The Barn
(By Cherry Cottage)
Balterley
Crewe
Cheshire
CW2 5QQ





REGISTERED NUMBER: 03894103 (England and Wales)





ACCOUNTANTS: Boardman Conway
23A High Street
Weaverham
Northwich
Cheshire
CW8 3HA

W.S.H.Taylor Engineering Limited (Registered number: 03894103)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 410,352 414,535

CURRENT ASSETS
Stocks 229,752 211,898
Debtors 5 79,939 68,012
Cash at bank 65,864 57,863
375,555 337,773
CREDITORS
Amounts falling due within one year 6 196,975 206,047
NET CURRENT ASSETS 178,580 131,726
TOTAL ASSETS LESS CURRENT
LIABILITIES

588,932

546,261

CREDITORS
Amounts falling due after more than one year 7 (123,081 ) (138,881 )

PROVISIONS FOR LIABILITIES (3,331 ) (3,144 )
NET ASSETS 462,520 404,236

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 462,420 404,136
SHAREHOLDERS' FUNDS 462,520 404,236

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.

W.S.H.Taylor Engineering Limited (Registered number: 03894103)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





W S H Taylor - Director


W.S.H.Taylor Engineering Limited (Registered number: 03894103)

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

1. STATUTORY INFORMATION

W.S.H.Taylor Engineering 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net sales of goods, excluding value added tax, and is measured at the fair value of the consideration receivable. Income is recognised in the month that the goods are despatched to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not depreciated
Plant and machinery - 25%/40% on cost
Fixtures and fittings - 25%/40% on cost
Motor vehicles - 25% on reducing balance

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment losses, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the assets belongs.

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.


W.S.H.Taylor Engineering Limited (Registered number: 03894103)

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

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 16 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 396,866 180,728 28,781 6,500 612,875
Additions - 208 191 - 399
At 31 March 2024 396,866 180,936 28,972 6,500 613,274
DEPRECIATION
At 1 April 2023 - 165,008 27,320 6,012 198,340
Charge for year - 4,018 442 122 4,582
At 31 March 2024 - 169,026 27,762 6,134 202,922
NET BOOK VALUE
At 31 March 2024 396,866 11,910 1,210 366 410,352
At 31 March 2023 396,866 15,720 1,461 488 414,535

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 79,939 68,012

W.S.H.Taylor Engineering Limited (Registered number: 03894103)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 18,000 18,000
Trade creditors 64,183 56,496
Tax 26,428 8,469
Social security and other taxes 4,793 4,289
VAT 14,643 12,133
Other creditors 34,807 48,736
Director's current account 34,121 57,924
196,975 206,047

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 19,000 19,000
Bank loans - 2-5 years 60,000 60,000
Bank loans more 5 yr by instal 44,081 59,881
123,081 138,881

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 44,081 59,881

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 141,081 156,881

9. PENSION COMMITMENTS

The company operates a defined contribution pension scheme in respect of the staff. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions of £2,241 were outstanding at 31 March 2024 (2023 - £2,131).