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REGISTERED NUMBER: 09596783 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

TAYLORS TRADITIONAL PRODUCTS LTD

TAYLORS TRADITIONAL PRODUCTS LTD (REGISTERED NUMBER: 09596783)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TAYLORS TRADITIONAL PRODUCTS LTD

COMPANY INFORMATION
For The Year Ended 31 May 2024







DIRECTORS: Mr M Davey-Turner
Mrs K S Davey-Turner





REGISTERED OFFICE: Unit 23, Deethe Farm Industrial Estate
Cranfield Road
Woburn Sands
Buckinghamshire
MK17 8UR





REGISTERED NUMBER: 09596783 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

TAYLORS TRADITIONAL PRODUCTS LTD (REGISTERED NUMBER: 09596783)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 19,988 25,546
19,988 25,546

CURRENT ASSETS
Stocks 18,658 18,405
Debtors 6 28,692 28,067
Cash at bank 18,980 21,810
66,330 68,282
CREDITORS
Amounts falling due within one year 7 48,366 53,218
NET CURRENT ASSETS 17,964 15,064
TOTAL ASSETS LESS CURRENT LIABILITIES 37,952 40,610

PROVISIONS FOR LIABILITIES 4,670 4,639
NET ASSETS 33,282 35,971

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 33,182 35,871
SHAREHOLDERS' FUNDS 33,282 35,971

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

TAYLORS TRADITIONAL PRODUCTS LTD (REGISTERED NUMBER: 09596783)

BALANCE SHEET - continued
31 May 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 Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:





Mr M Davey-Turner - Director


TAYLORS TRADITIONAL PRODUCTS LTD (REGISTERED NUMBER: 09596783)

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


1. STATUTORY INFORMATION

Taylors Traditional Products Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 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.

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 ) .

TAYLORS TRADITIONAL PRODUCTS LTD (REGISTERED NUMBER: 09596783)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 17,000
AMORTISATION
At 1 June 2023
and 31 May 2024 17,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 9,595 5,242 32,601 5,302 52,740
Additions - - - 1,105 1,105
At 31 May 2024 9,595 5,242 32,601 6,407 53,845
DEPRECIATION
At 1 June 2023 5,918 3,353 14,263 3,660 27,194
Charge for year 919 473 4,584 687 6,663
At 31 May 2024 6,837 3,826 18,847 4,347 33,857
NET BOOK VALUE
At 31 May 2024 2,758 1,416 13,754 2,060 19,988
At 31 May 2023 3,677 1,889 18,338 1,642 25,546

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,440 24,833
Other debtors 3,252 3,234
28,692 28,067

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 7,373
Trade creditors 40,249 38,879
Taxation and social security 6,296 4,928
Other creditors 1,821 2,038
48,366 53,218

TAYLORS TRADITIONAL PRODUCTS LTD (REGISTERED NUMBER: 09596783)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100