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
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
Taylors Chippy Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
35,768
32,886
Cash at bank and in hand
11,135
28,025
Creditors: amounts falling due within one year
(16,587)
(52,869)
Net current liabilities
(5,452)
(15,082)
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
Taylors Chippy Ltd
Notes to the Accounts
for the year ended 29 February 2024
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.
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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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
At 29 February 2024
40,682
3,285
43,967
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
At 29 February 2024
33,905
1,863
35,768
At 28 February 2023
30,515
2,371
32,886
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
446
517
Loans from directors
15,213
52,331
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).