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REGISTERED NUMBER: 04575555 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 April 2024

for

TALAR-MADE LIMITED

TALAR-MADE LIMITED (REGISTERED NUMBER: 04575555)






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


TALAR-MADE LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: B M Crewdson
Mrs D M Crewdson
S B Dickinson
R Thomas
F Barrett





SECRETARY: R Thomas





REGISTERED OFFICE: Edinburgh House
Millennium Way
Chesterfield
Derbyshire
S41 8ND





REGISTERED NUMBER: 04575555 (England and Wales)





ACCOUNTANTS: Brown McLeod Limited
Chartered Accountants
The Old Workshop
1 Ecclesall Road South
Sheffield
South Yorkshire
S11 9PA

TALAR-MADE LIMITED (REGISTERED NUMBER: 04575555)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 121,541 174,187
Tangible assets 5 330,547 375,695
Investments 6 100 100
452,188 549,982

CURRENT ASSETS
Stocks 1,502,745 1,691,106
Debtors 7 1,811,521 1,813,098
Cash at bank and in hand 62,285 71,102
3,376,551 3,575,306
CREDITORS
Amounts falling due within one year 8 2,663,586 2,853,931
NET CURRENT ASSETS 712,965 721,375
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,165,153

1,271,357

CREDITORS
Amounts falling due after more than one year 9 (369,591 ) (599,590 )

PROVISIONS FOR LIABILITIES (18,128 ) (18,128 )
NET ASSETS 777,434 653,639

TALAR-MADE LIMITED (REGISTERED NUMBER: 04575555)

Balance Sheet - continued
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 861 861
Share premium 440,000 440,000
Capital redemption reserve 138 138
Retained earnings 336,435 212,640
SHAREHOLDERS' FUNDS 777,434 653,639

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.

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 12 February 2025 and were signed on its behalf by:





R Thomas - Director


TALAR-MADE LIMITED (REGISTERED NUMBER: 04575555)

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

1. STATUTORY INFORMATION

Talar-Made 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.

Intangible assets - patents and website costs
Amortisation is provided to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Patents- 25% reducing balance
Website developments- 25% reducing balance

Intangible assets - development costs
Amortisation is provided 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.
Land and buildings - 25% on reducing balance
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

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.


TALAR-MADE LIMITED (REGISTERED NUMBER: 04575555)

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

2. ACCOUNTING POLICIES - continued
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.

Research and development
Development expenditure incurred on an individual project is carried forward when its future recoverability can reasonably be regarded as assured. Any expenditure carried forward is amortised in line with the expected future sales from the related project.

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 60 (2023 - 56 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023 553,963
Additions 513
At 30 April 2024 554,476
AMORTISATION
At 1 May 2023 379,776
Charge for year 53,159
At 30 April 2024 432,935
NET BOOK VALUE
At 30 April 2024 121,541
At 30 April 2023 174,187

TALAR-MADE LIMITED (REGISTERED NUMBER: 04575555)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 432,980 965,933 1,398,913
Additions 7,270 128,911 136,181
At 30 April 2024 440,250 1,094,844 1,535,094
DEPRECIATION
At 1 May 2023 277,083 746,135 1,023,218
Charge for year 56,196 125,133 181,329
At 30 April 2024 333,279 871,268 1,204,547
NET BOOK VALUE
At 30 April 2024 106,971 223,576 330,547
At 30 April 2023 155,897 219,798 375,695

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 100
NET BOOK VALUE
At 30 April 2024 100
At 30 April 2023 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 1,242,371 1,194,371
Other debtors 569,150 618,727
1,811,521 1,813,098

TALAR-MADE LIMITED (REGISTERED NUMBER: 04575555)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 1,009,250 991,387
Hire purchase contracts 30,039 33,198
Trade creditors 717,223 1,027,728
Taxation and social security 327,417 341,263
Other creditors 579,657 460,355
2,663,586 2,853,931

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 350,000 550,000
Hire purchase contracts 19,591 49,590
369,591 599,590

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank overdrafts 809,250 791,387
Bank loans 550,000 750,000
Hire purchase contracts 49,630 82,788
1,408,880 1,624,175

11. ULTIMATE CONTROLLING PARTY

The controlling party is B M Crewdson.