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REGISTERED NUMBER: 06044916 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

TAYLOR FORDYCE LIMITED

TAYLOR FORDYCE LIMITED (REGISTERED NUMBER: 06044916)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TAYLOR FORDYCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: R Fordyce
W P Sclater





REGISTERED OFFICE: Units 1 and 2
City Business Centre
Hyde Street
Winchester
Hampshire
SO23 7TA





REGISTERED NUMBER: 06044916 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

TAYLOR FORDYCE LIMITED (REGISTERED NUMBER: 06044916)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,693 20,510

CURRENT ASSETS
Stocks 98,938 78,217
Debtors 5 291,198 363,954
Cash at bank and in hand 5,058 14,550
395,194 456,721
CREDITORS
Amounts falling due within one year 6 393,734 415,116
NET CURRENT ASSETS 1,460 41,605
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,153

62,115

CREDITORS
Amounts falling due after more than one
year

7

254,832

20,833
NET (LIABILITIES)/ASSETS (241,679 ) 41,282

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (241,879 ) 41,082
SHAREHOLDERS' FUNDS (241,679 ) 41,282

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

TAYLOR FORDYCE LIMITED (REGISTERED NUMBER: 06044916)

BALANCE SHEET - continued
30TH 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 24th January 2025 and were signed on its behalf by:





R Fordyce - Director


TAYLOR FORDYCE LIMITED (REGISTERED NUMBER: 06044916)

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


1. STATUTORY INFORMATION

Taylor Fordyce 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold imprvmts to prop - 10% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

TAYLOR FORDYCE LIMITED (REGISTERED NUMBER: 06044916)

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


2. ACCOUNTING POLICIES - continued

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 15 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Leasehold Fixtures
imprvmts and Computer
to prop fittings equipment Totals
£    £    £    £   
COST
At 1st May 2023 22,500 64,658 88,271 175,429
Additions - - 2,176 2,176
At 30th April 2024 22,500 64,658 90,447 177,605
DEPRECIATION
At 1st May 2023 18,000 64,467 72,452 154,919
Charge for year 2,250 191 8,552 10,993
At 30th April 2024 20,250 64,658 81,004 165,912
NET BOOK VALUE
At 30th April 2024 2,250 - 9,443 11,693
At 30th April 2023 4,500 191 15,819 20,510

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 162,216 233,995
Other debtors 128,982 129,959
291,198 363,954

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 168,526 162,377
Trade creditors 44,695 33,330
Taxation and social security 145,811 99,278
Other creditors 34,702 120,131
393,734 415,116

TAYLOR FORDYCE LIMITED (REGISTERED NUMBER: 06044916)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,833 20,833
Taxation and social security 82,349 -
Other creditors 161,650 -
254,832 20,833

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 31,395 31,395
Between one and five years 125,580 125,580
In more than five years 256,393 130,813
413,368 287,788

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Fordyce.