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REGISTERED NUMBER: 08493852 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

TAYLOR CONTRACT FLOORING LIMITED

TAYLOR CONTRACT FLOORING LIMITED (REGISTERED NUMBER: 08493852)






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


TAYLOR CONTRACT FLOORING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: R L Taylor





REGISTERED OFFICE: Unit 1, Bluebell Business Park
Bluebell Way
Polegate
East Sussex
BN26 6GG





REGISTERED NUMBER: 08493852 (England and Wales)





ACCOUNTANTS: LMDB Accountants
Chartered Certified Accountants
Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE

TAYLOR CONTRACT FLOORING LIMITED (REGISTERED NUMBER: 08493852)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 71,955 79,138

CURRENT ASSETS
Stocks 16,400 15,900
Debtors 5 608,485 494,169
Prepayments and accrued income 22,385 14,442
Cash at bank and in hand 94,979 53,029
742,249 577,540
CREDITORS
Amounts falling due within one year 6 163,228 136,992
NET CURRENT ASSETS 579,021 440,548
TOTAL ASSETS LESS CURRENT LIABILITIES 650,976 519,686

PROVISIONS FOR LIABILITIES 3,635 5,030
NET ASSETS 647,341 514,656

TAYLOR CONTRACT FLOORING LIMITED (REGISTERED NUMBER: 08493852)

BALANCE SHEET - continued
31 JULY 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 7 80 80
Share premium 19,980 19,980
Capital redemption reserve 20 20
Retained earnings 627,261 494,576
SHAREHOLDERS' FUNDS 647,341 514,656

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.

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 24 February 2025 and were signed by:





R L Taylor - Director


TAYLOR CONTRACT FLOORING LIMITED (REGISTERED NUMBER: 08493852)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Taylor Contract Flooring 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. 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 goods & 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.
Plant and machinery etc - 33% on cost, 25% on reducing balance, 20% on cost and 15% 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.


TAYLOR CONTRACT FLOORING LIMITED (REGISTERED NUMBER: 08493852)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 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.

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.

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 7 (2023 - 11 ) .

TAYLOR CONTRACT FLOORING LIMITED (REGISTERED NUMBER: 08493852)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 August 2023 52,572 16,898 13,290
Additions - - -
Disposals - - -
At 31 July 2024 52,572 16,898 13,290
DEPRECIATION
At 1 August 2023 - 15,606 9,542
Charge for year - 1,119 955
Eliminated on disposal - - -
At 31 July 2024 - 16,725 10,497
NET BOOK VALUE
At 31 July 2024 52,572 173 2,793
At 31 July 2023 52,572 1,292 3,748

TAYLOR CONTRACT FLOORING LIMITED (REGISTERED NUMBER: 08493852)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer/Office
fittings vehicles equipmt Totals
£    £    £    £   
COST
At 1 August 2023 7,834 69,345 6,006 165,945
Additions 934 - - 934
Disposals - (6,110 ) - (6,110 )
At 31 July 2024 8,768 63,235 6,006 160,769
DEPRECIATION
At 1 August 2023 5,042 52,173 4,444 86,807
Charge for year 801 4,163 559 7,597
Eliminated on disposal - (5,590 ) - (5,590 )
At 31 July 2024 5,843 50,746 5,003 88,814
NET BOOK VALUE
At 31 July 2024 2,925 12,489 1,003 71,955
At 31 July 2023 2,792 17,172 1,562 79,138

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 190,895 184,783
Amounts owed by associates 6,123 9,019
Amounts recoverable on contract 21,473 6,000
Other debtors 366,960 260,438
585,451 460,240

Amounts falling due after more than one year:
Amounts owed by associates 23,034 33,929

Aggregate amounts 608,485 494,169

TAYLOR CONTRACT FLOORING LIMITED (REGISTERED NUMBER: 08493852)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 35,920 61,276
Taxation and social security 122,082 74,143
Other creditors 5,226 1,573
163,228 136,992

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
75 Ordinary A £1 75 75
5 Ordinary B £1 5 5
80 80

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
R L Taylor
Balance outstanding at start of year 174,871 (626 )
Amounts advanced 74,265 175,497
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 249,136 174,871

Interest has been charged on the above loan at 2.25% and there is no fixed repayment period.

9. ULTIMATE CONTROLLING PARTY

The controlling party is R L Taylor.