IRIS Accounts Production v24.3.2.46 04833110 director 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh048331102023-06-30048331102024-06-30048331102023-07-012024-06-30048331102022-06-30048331102022-07-012023-06-30048331102023-06-3004833110ns15:EnglandWales2023-07-012024-06-3004833110ns14:PoundSterling2023-07-012024-06-3004833110ns10:Director12023-07-012024-06-3004833110ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3004833110ns10:SmallEntities2023-07-012024-06-3004833110ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3004833110ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3004833110ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3004833110ns10:FullAccounts2023-07-012024-06-3004833110ns10:CompanySecretary12023-07-012024-06-3004833110ns10:RegisteredOffice2023-07-012024-06-3004833110ns5:CurrentFinancialInstruments2024-06-3004833110ns5:CurrentFinancialInstruments2023-06-3004833110ns5:Non-currentFinancialInstruments2024-06-3004833110ns5:Non-currentFinancialInstruments2023-06-3004833110ns5:ShareCapital2024-06-3004833110ns5:ShareCapital2023-06-3004833110ns5:RetainedEarningsAccumulatedLosses2024-06-3004833110ns5:RetainedEarningsAccumulatedLosses2023-06-3004833110ns5:PatentsTrademarksLicencesConcessionsSimilar2023-07-012024-06-3004833110ns5:LongLeaseholdAssetsns5:LandBuildings2023-07-012024-06-3004833110ns5:PlantMachinery2023-07-012024-06-3004833110ns5:FurnitureFittings2023-07-012024-06-3004833110ns5:MotorVehicles2023-07-012024-06-3004833110ns5:LongLeaseholdAssetsns5:LandBuildings2023-06-3004833110ns5:PlantMachinery2023-06-3004833110ns5:FurnitureFittings2023-06-3004833110ns5:MotorVehicles2023-06-3004833110ns5:LongLeaseholdAssetsns5:LandBuildings2024-06-3004833110ns5:PlantMachinery2024-06-3004833110ns5:FurnitureFittings2024-06-3004833110ns5:MotorVehicles2024-06-3004833110ns5:LongLeaseholdAssetsns5:LandBuildings2023-06-3004833110ns5:PlantMachinery2023-06-3004833110ns5:FurnitureFittings2023-06-3004833110ns5:MotorVehicles2023-06-3004833110ns5:AcceleratedTaxDepreciationDeferredTax2024-06-3004833110ns5:AcceleratedTaxDepreciationDeferredTax2023-06-3004833110ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3004833110ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3004833110ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-06-3004833110ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-06-3004833110ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-06-3004833110ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3004833110ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-06-3004833110ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-06-3004833110ns5:Secured2024-06-3004833110ns5:Secured2023-06-30
REGISTERED NUMBER: 04833110 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

TAYMOUNT LIMITED

TAYMOUNT LIMITED (REGISTERED NUMBER: 04833110)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TAYMOUNT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: G Mackinnon





SECRETARY: G Mackinnon





REGISTERED OFFICE: Croft Chambers
11 Bancroft
Hitchin
Herts
SG5 1JQ





REGISTERED NUMBER: 04833110 (England and Wales)





ACCOUNTANTS: Bradshaw Johnson
Chartered Accountants
Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ

TAYMOUNT LIMITED (REGISTERED NUMBER: 04833110)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 972,764 1,102,518

CURRENT ASSETS
Stocks 56,620 21,348
Debtors 6 336,723 208,563
Cash at bank 9,845 46,826
403,188 276,737
CREDITORS
Amounts falling due within one year 7 184,620 218,947
NET CURRENT ASSETS 218,568 57,790
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,191,332

1,160,308

CREDITORS
Amounts falling due after more than one year 8 586,592 306,173
NET ASSETS 604,740 854,135

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 604,640 854,035
SHAREHOLDERS' FUNDS 604,740 854,135

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

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

TAYMOUNT LIMITED (REGISTERED NUMBER: 04833110)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 29 January 2025 and were signed by:





G Mackinnon - Director


TAYMOUNT LIMITED (REGISTERED NUMBER: 04833110)

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

1. STATUTORY INFORMATION

Taymount 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

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 losses.

Patents and licences are being amortised evenly over their estimated useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - over length of lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on cost

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 statement of financial position date.


TAYMOUNT LIMITED (REGISTERED NUMBER: 04833110)

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

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2023 1,066,009 174,820 88,960 265,450 1,595,239
Disposals - (89,823 ) (1,876 ) (265,450 ) (357,149 )
Impairments (116,006 ) - - - (116,006 )
At 30 June 2024 950,003 84,997 87,084 - 1,122,084
DEPRECIATION
At 1 July 2023 35,661 124,536 67,354 265,170 492,721
Charge for year 4,263 11,023 8,119 280 23,685
Eliminated on disposal - (59,090 ) (3,334 ) (265,450 ) (327,874 )
Charge written back (39,212 ) - - - (39,212 )
At 30 June 2024 712 76,469 72,139 - 149,320
NET BOOK VALUE
At 30 June 2024 949,291 8,528 14,945 - 972,764
At 30 June 2023 1,030,348 50,284 21,606 280 1,102,518

TAYMOUNT LIMITED (REGISTERED NUMBER: 04833110)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 20,302 -
Amounts owed by group undertakings 100,958 -
Other debtors - 351
Tax 30,596 30,596
VAT 11,718 17,631
Deferred tax asset
Accelerated capital allowances 140,633 140,633
Prepayments 32,516 19,352
336,723 208,563

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 13,489 15,071
Hire purchase contracts - 25,335
Trade creditors 56,213 40,829
Amounts owed to group undertakings 109,984 114,557
Social security and other taxes 4,437 2,324
Pension liability 497 1,183
Directors' current accounts - 499
Accruals and deferred income - 19,149
184,620 218,947

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-2 years 14,615 14,215
Bank loans - 2-5 years 51,590 42,646
Bank loans more 5 yr by instal 520,387 248,063
Hire purchase contracts - 1,249
586,592 306,173

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 520,387 248,063

TAYMOUNT LIMITED (REGISTERED NUMBER: 04833110)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 600,081 319,139

10. RELATED PARTY DISCLOSURES

Balances with companies under joint ownership are as follows:

Taymount Clinic Ltd is owed £109,984 by Taymount Ltd at the year end (2023: £114,722).

Taymount Holdings Limited owes £100,958 to Taymount Ltd at the year end (2023: £NIL).

11. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is Taymount Holdings Limited, a company registered in England and Wales.

The ultimate controlling company is GXP Consultancy Limited which is managed and controlled by G Mackinnon.