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REGISTERED NUMBER: 02753825 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

M R G TAYLOR LIMITED

M R G TAYLOR LIMITED (REGISTERED NUMBER: 02753825)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M R G TAYLOR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: M R G Taylor
Mrs D. M. Taylor
Mrs C S Taylor Spencer





SECRETARY: Mrs D. M. Taylor





REGISTERED OFFICE: Volis Farm
Hestercombe
Taunton
Somerset
TA2 8HS





REGISTERED NUMBER: 02753825 (England and Wales)





ACCOUNTANTS: Mitchells Chartered Accountants
St. John's House
Castle Street
TAUNTON
Somerset
TA1 4AY

M R G TAYLOR LIMITED (REGISTERED NUMBER: 02753825)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 562,990 567,477

CURRENT ASSETS
Cash in hand 150 150

CREDITORS
Amounts falling due within one year 5 27,971 90,060
NET CURRENT LIABILITIES (27,821 ) (89,910 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

535,169

477,567

PROVISIONS FOR LIABILITIES 12,577 11,789
NET ASSETS 522,592 465,778

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 6 522,292 465,478
SHAREHOLDERS' FUNDS 522,592 465,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

M R G TAYLOR LIMITED (REGISTERED NUMBER: 02753825)

BALANCE SHEET - continued
30 APRIL 2024



The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





Mrs C S Taylor Spencer - Director


M R G TAYLOR LIMITED (REGISTERED NUMBER: 02753825)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

M R G Taylor Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 5% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 May 2023 505,428 251,329 1,101 757,858
Disposals - (16,995 ) - (16,995 )
At 30 April 2024 505,428 234,334 1,101 740,863
DEPRECIATION
At 1 May 2023 - 189,280 1,101 190,381
Charge for year - 3,030 - 3,030
Eliminated on disposal - (15,538 ) - (15,538 )
At 30 April 2024 - 176,772 1,101 177,873
NET BOOK VALUE
At 30 April 2024 505,428 57,562 - 562,990
At 30 April 2023 505,428 62,049 - 567,477

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 2,321 2,144
Taxation and social security 17,633 3,670
Other creditors 8,017 84,246
27,971 90,060

M R G TAYLOR LIMITED (REGISTERED NUMBER: 02753825)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. RESERVES
Retained
earnings
£   

At 1 May 2023 465,478
Profit for the year 57,782
Dividends (968 )
At 30 April 2024 522,292

7. RELATED PARTY DISCLOSURES

The directors M.R.G. Taylor, Mrs D.M. Taylor and Mrs C.S. Taylor Spencer are also partners in a farming
partnership MRG & Mrs DM Taylor and CS Taylor Spencer.

All shareholders are directors and therefore all dividends are paid to related parties.