REGISTERED NUMBER: 00060700 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 December 2024

for

E. Taylor, Sons, & Company, Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

JT Hince

AJ Hince

REGISTERED OFFICE:

691/693 Bacup Road

Waterfoot

Rossendale

Lancashire

BB4 7HB

REGISTERED NUMBER:

00060700 (England and Wales)

ACCOUNTANTS:

Mosley & Co

14 Market Place

Ramsbottom

Bury

Lancashire

BL0 9HT

FIXED ASSETS

Tangible assets

4

1,121

9,240

CURRENT ASSETS

Stocks

71,737

72,421

Debtors

5

4,819

6,741

Cash at bank and in hand

4,889

3,377

81,445

82,539

CREDITORS

Amounts falling due within one year

6

56,075

53,307

NET CURRENT ASSETS

25,370

29,232

TOTAL ASSETS LESS CURRENT LIABILITIES

26,491

38,472

PROVISIONS FOR LIABILITIES

7

280

2,310

NET ASSETS

26,211

36,162

CAPITAL AND RESERVES

Called up share capital

8

500

500

Retained earnings

9

25,711

35,662

SHAREHOLDERS' FUNDS

26,211

36,162

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 27 February 2025 and were signed on its behalf by:

JT Hince - Director

1.	STATUTORY INFORMATION

E. Taylor, Sons, & Company, 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.

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

-

10% on cost

Plant and machinery etc

-

25% on cost and 10% 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 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.

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 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

15,367

79,849

95,216

DEPRECIATION

At 1 January 2024

15,366

70,610

85,976

Charge for year

-

8,119

8,119

At 31 December 2024

15,366

78,729

94,095

NET BOOK VALUE

At 31 December 2024

1

1,120

1,121

At 31 December 2023

1

9,239

9,240

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

1,253

3,121

Other debtors

3,566

3,620

4,819

6,741

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

12,960

15,201

Taxation and social security

389

768

Other creditors

42,726

37,338

56,075

53,307

7.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

280

2,310

Deferred

tax

£

Balance at 1 January 2024

2,310

Provided during year

(2,030

)

Balance at 31 December 2024

280

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary shares

£5

500

500

9.

RESERVES

Retained

earnings

£

At 1 January 2024

35,662

Deficit for the year

(9,951

)

At 31 December 2024

25,711