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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
Page
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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
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Taylors Consumables Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
50,277 
62,349 
Current assets
Inventories
70,000 
78,830 
Debtors
96,165 
100,990 
Cash at bank and in hand
126,070 
100,814 
292,235 
280,634 
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 
Capital and reserves
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
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Taylors Consumables Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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.
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
Presentation currency
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 
Additions
- 
- 
204 
204 
At 29 February 2024
56,782 
7,663 
1,761 
66,206 
Depreciation
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 
Net book value
At 29 February 2024
43,603 
6,487 
187 
50,277 
At 28 February 2023
54,959 
7,252 
138 
62,349 
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Taylors Consumables Limited Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
865 
- 
Trade debtors
94,690 
100,841 
Accrued income and prepayments
868 
149 
Other debtors
(258)
- 
96,165 
100,990 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,000 
9,000 
VAT
7,151 
5,237 
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 
Other creditors
- 
1,368 
Loans from directors
32,322 
37,489 
Accruals
- 
185 
156,589 
174,665 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
24,350 
29,193 
Obligations under finance leases and hire purchase contracts
21,559 
22,085 
45,909 
51,278 
8
Share capital
2024 
2023 
£ 
£ 
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).
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