Company Registration No. 09460557 (England and Wales)
Taylors Consumables Limited
Unaudited accounts
for the year ended 29 February 2024
Taylors Consumables Limited
Unaudited accounts
Contents
Taylors Consumables Limited
Company Information
for the year ended 29 February 2024
Directors
Bernie K Taylor
Dace Baumane
Company Number
09460557 (England and Wales)
Registered Office
6 Hazelhurst Fold, Hazelhurst Fold
Worsley
Manchester
M28 2JU
Taylors Consumables Limited
Statement of financial position
as at 29 February 2024
Tangible assets
50,277
62,349
Cash at bank and in hand
126,070
100,814
Creditors: amounts falling due within one year
(156,589)
(174,665)
Net current assets
135,646
105,969
Total assets less current liabilities
185,923
168,318
Creditors: amounts falling due after more than one year
(45,909)
(51,278)
Net assets
140,014
117,040
Called up share capital
2
2
Profit and loss account
140,012
117,038
Shareholders' funds
140,014
117,040
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 25 November 2024 and were signed on its behalf by
Dace Baumane
Director
Company Registration No. 09460557
Taylors Consumables Limited
Notes to the Accounts
for the year ended 29 February 2024
Taylors Consumables Limited is a private company, limited by shares, registered in England and Wales, registration number 09460557. The registered office is 6 Hazelhurst Fold, Hazelhurst Fold, Worsley, Manchester, M28 2JU.
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.
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.
The accounts have been prepared under the historical cost convention.
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:
Motor vehicles
20% straight line
Fixtures & fittings
10% straight line
The accounts are presented in £ sterling.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
56,782
7,663
1,557
66,002
At 29 February 2024
56,782
7,663
1,761
66,206
At 1 March 2023
1,823
411
1,419
3,653
Charge for the year
11,356
765
155
12,276
At 29 February 2024
13,179
1,176
1,574
15,929
At 29 February 2024
43,603
6,487
187
50,277
At 28 February 2023
54,959
7,252
138
62,349
Taylors Consumables Limited
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
94,690
100,841
Accrued income and prepayments
868
149
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,000
9,000
Obligations under finance leases and hire purchase contracts
6,413
4,162
Trade creditors
92,336
116,265
Taxes and social security
9,367
959
Loans from directors
32,322
37,489
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
21,559
22,085
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 5 (2023: 3).