Company Registration No. 03849325 (England and Wales)
e j Taylor & Sons (gloucester) limited
Unaudited accounts
for the year ended 31 March 2024
e j Taylor & Sons (gloucester) limited
Unaudited accounts
Contents
e j Taylor & Sons (gloucester) limited
Company Information
for the year ended 31 March 2024
Directors
D J Taylor
B TAYLOR
Company Number
03849325 (England and Wales)
e j Taylor & Sons (gloucester) limited
Statement of financial position
as at 31 March 2024
Tangible assets
975,749
1,006,058
Inventories
135,908
253,819
Cash at bank and in hand
879,976
631,345
Creditors: amounts falling due within one year
(251,563)
(253,429)
Net current assets
1,193,742
904,610
Total assets less current liabilities
2,169,491
1,910,668
Creditors: amounts falling due after more than one year
(9,440)
-
Provisions for liabilities
Deferred tax
(19,933)
(19,933)
Net assets
2,140,118
1,890,735
Called up share capital
70
70
Capital redemption reserve
30
30
Profit and loss account
2,140,018
1,890,635
Shareholders' funds
2,140,118
1,890,735
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 27 December 2024 and were signed on its behalf by
B TAYLOR
Director
Company Registration No. 03849325
e j Taylor & Sons (gloucester) limited
Notes to the Accounts
for the year ended 31 March 2024
e j Taylor & Sons (gloucester) limited is a private company, limited by shares, registered in England and Wales, registration number 03849325.
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.
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:
Leasing and hire purchase agreements
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciation over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated in future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period
Rentals payable under operating leases are charged against income on a straight line basis over the lease term
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
758,515
658,957
30,425
2,872
1,450,769
Additions
-
-
23,999
-
23,999
At 31 March 2024
758,515
658,957
54,424
2,872
1,474,768
At 1 April 2023
-
432,667
9,805
2,239
444,711
Charge for the year
-
45,258
8,923
127
54,308
At 31 March 2024
-
477,925
18,728
2,366
499,019
At 31 March 2024
758,515
181,032
35,696
506
975,749
At 31 March 2023
758,515
226,290
20,620
633
1,006,058
e j Taylor & Sons (gloucester) limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
115,832
80,383
Amounts due from group undertakings etc.
139,921
133,826
Accrued income and prepayments
-
4,764
Other debtors
150,315
20,000
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
7,748
27,676
Trade creditors
154,153
219,648
Taxes and social security
90,662
6,972
Loans from directors
(10,000)
(3,867)
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
9,440
-
Allotted, called up and fully paid:
70 Ordinary shares of £1 each
70
70
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
directors loan
-
5,000
-
5,000
directors loan
-
5,000
-
5,000
10
Average number of employees
During the year the average number of employees was 8 (2023: 16).