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REGISTERED NUMBER: SC254466 (Scotland)















DAVID TAYLOR EVENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024






DAVID TAYLOR EVENTS LIMITED (REGISTERED NUMBER: SC254466)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAVID TAYLOR EVENTS LIMITED

COMPANY INFORMATION
For The Year Ended 31 July 2024







DIRECTOR: D A Taylor





REGISTERED OFFICE: 1 Kirklands Crescent
Bothwell
Glasgow
G71 8HJ





REGISTERED NUMBER: SC254466 (Scotland)





ACCOUNTANTS: Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL

DAVID TAYLOR EVENTS LIMITED (REGISTERED NUMBER: SC254466)

BALANCE SHEET
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,653 8,422

CURRENT ASSETS
Debtors 5 60,009 54,233
Cash in hand 342 342
60,351 54,575
CREDITORS
Amounts falling due within one year 6 49,063 42,562
NET CURRENT ASSETS 11,288 12,013
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,941

20,435

CREDITORS
Amounts falling due after more than one
year

7

(8,333

)

(18,333

)

PROVISIONS FOR LIABILITIES (1,662 ) (1,600 )
NET ASSETS 7,946 502

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7,945 501
SHAREHOLDERS' FUNDS 7,946 502

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DAVID TAYLOR EVENTS LIMITED (REGISTERED NUMBER: SC254466)

BALANCE SHEET - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 January 2025 and were signed by:





D A Taylor - Director


DAVID TAYLOR EVENTS LIMITED (REGISTERED NUMBER: SC254466)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2024


1. STATUTORY INFORMATION

David Taylor Events Limited is a private company, limited by shares , registered in Scotland. 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 represents the value of services provided in the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Financial instruments
Basic financial liabilities, including trade and other payables, bank loans and other loans that are classified as debt, are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 1 (2023 - 1 ) .

DAVID TAYLOR EVENTS LIMITED (REGISTERED NUMBER: SC254466)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 56,404
Additions 1,948
At 31 July 2024 58,352
DEPRECIATION
At 1 August 2023 47,982
Charge for year 3,717
At 31 July 2024 51,699
NET BOOK VALUE
At 31 July 2024 6,653
At 31 July 2023 8,422

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 19,684 24,374
Other debtors 40,325 29,859
60,009 54,233

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 20,132 21,511
Taxation and social security 26,633 19,051
Other creditors 2,298 2,000
49,063 42,562

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 8,333 18,333

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 31 July 2024 the company had provided the director with loans totalling £38,549 (2023, £28,442). There are no fixed terms of repayment. Interest was charged on these loans at 2.25%.