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Company Registration No. 07008251 (England and Wales)
Taylored Life Company Limited Unaudited accounts for the year ended 31 March 2024
Taylored Life Company Limited Unaudited accounts Contents
Page
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Taylored Life Company Limited Company Information for the year ended 31 March 2024
Directors
Mark Taylor Nicola Taylor
Company Number
07008251 (England and Wales)
Registered Office
The Workbox Wharf Road Penzance Cornwall TR18 4FG England
Accountants
Darroch Accountancy Ltd 9 Old Foundry Close St Just Cornwall TR19 7QS
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Taylored Life Company Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
318 
1,252 
Current assets
Inventories
427 
489 
Debtors
84,051 
140,203 
Cash at bank and in hand
25,400 
73,964 
109,878 
214,656 
Creditors: amounts falling due within one year
(71,540)
(83,659)
Net current assets
38,338 
130,997 
Total assets less current liabilities
38,656 
132,249 
Creditors: amounts falling due after more than one year
(11,667)
(21,667)
Provisions for liabilities
Deferred tax
(61)
(238)
Net assets
26,928 
110,344 
Capital and reserves
Called up share capital
102 
100 
Profit and loss account
26,826 
110,244 
Shareholders' funds
26,928 
110,344 
For the year ending 31 March 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 23 December 2024 and were signed on its behalf by
Mark Taylor Director Company Registration No. 07008251
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Taylored Life Company Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Taylored Life Company Limited is a private company, limited by shares, registered in England and Wales, registration number 07008251. The registered office is The Workbox, Wharf Road, Penzance, Cornwall, TR18 4FG, England.
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.
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
33% straight line
Fixtures & fittings
20% straight line
Computer equipment
33% straight line
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
1,807 
775 
9,116 
11,698 
At 31 March 2024
1,807 
775 
9,116 
11,698 
Depreciation
At 1 April 2023
1,807 
775 
7,864 
10,446 
Charge for the year
- 
- 
934 
934 
At 31 March 2024
1,807 
775 
8,798 
11,380 
Net book value
At 31 March 2024
- 
- 
318 
318 
At 31 March 2023
- 
- 
1,252 
1,252 
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Taylored Life Company Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
80,920 
137,554 
Other debtors
3,131 
2,649 
84,051 
140,203 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
9,944 
1,222 
Trade creditors
263 
4,077 
Taxes and social security
95 
- 
Other creditors
2,098 
1,454 
Loans from directors
23,138 
42,173 
Deferred income
26,002 
24,733 
71,540 
83,659 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,667 
21,667 
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
61 
238 
2024 
2023 
£ 
£ 
Provision at start of year
238 
415 
Credited to the profit and loss account
(177)
(177)
Provision at end of year
61 
238 
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Taylored Life Company Limited Notes to the Accounts for the year ended 31 March 2024
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
1 Ordinary A shares of £1 each
1 
- 
1 Ordinary B shares of £1 each
1 
- 
102 
100 
Shares issued during the period:
1 Ordinary A shares of £1 each
1 
1 Ordinary B shares of £1 each
1 
2 
10
Average number of employees
During the year the average number of employees was 1 (2023: 2).
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