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REGISTERED NUMBER: 06507426 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

P.P. & P.D. Taylor Limited

P.P. & P.D. Taylor Limited (Registered number: 06507426)






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


P.P. & P.D. Taylor Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: P D Taylor
Mrs A Taylor





SECRETARY: P D Taylor





REGISTERED OFFICE: International House
6 Market Street
Oakengates
Telford
Shropshire
TF2 6EF





REGISTERED NUMBER: 06507426 (England and Wales)





ACCOUNTANTS: Tranter Lowe (Oakengates) Limited
Chartered Accountants
International House
6 Market Street
Oakengates
Telford
Shropshire
TF2 6EF

P.P. & P.D. Taylor Limited (Registered number: 06507426)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,408 43,191

CURRENT ASSETS
Stocks 500 500
Debtors 5 20,039 17,311
Cash at bank 176,086 122,524
196,625 140,335
CREDITORS
Amounts falling due within one year 6 59,610 24,686
NET CURRENT ASSETS 137,015 115,649
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,423

158,840

CREDITORS
Amounts falling due after more than one
year

7

(3,731

)

(7,667

)

PROVISIONS FOR LIABILITIES (7,358 ) (8,206 )
NET ASSETS 159,334 142,967

CAPITAL AND RESERVES
Called up share capital 8 203 203
Retained earnings 159,131 142,764
SHAREHOLDERS' FUNDS 159,334 142,967

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.

P.P. & P.D. Taylor Limited (Registered number: 06507426)

Balance Sheet - continued
30 April 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 January 2025 and were signed on its behalf by:





P D Taylor - Director


P.P. & P.D. Taylor Limited (Registered number: 06507426)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

P.P. & P.D. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 50% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

P.P. & P.D. Taylor Limited (Registered number: 06507426)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 50,351 7,131 57,482
Additions - 3,248 3,248
Disposals - (2,961 ) (2,961 )
At 30 April 2024 50,351 7,418 57,769
DEPRECIATION
At 1 May 2023 8,402 5,889 14,291
Charge for year 10,487 1,676 12,163
Eliminated on disposal - (2,093 ) (2,093 )
At 30 April 2024 18,889 5,472 24,361
NET BOOK VALUE
At 30 April 2024 31,462 1,946 33,408
At 30 April 2023 41,949 1,242 43,191

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 19,479 16,803
Prepayments 560 508
20,039 17,311

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 4,764 4,000
Tax 18,449 4,147
Social security and other taxes 12,819 6,997
Other creditors 3,148 5,159
Directors' current accounts 16,080 83
Accrued expenses 4,350 4,300
59,610 24,686

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 3,731 7,667

P.P. & P.D. Taylor Limited (Registered number: 06507426)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
50 C Ordinary £1 50 50
1 D Ordinary £1 1 1
2 E Ordinary £1 2 2
50 F Ordinary £1 50 50
203 203