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REGISTERED NUMBER: 10852211 (England and Wales)















TAYLOR ELECTRICAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






TAYLOR ELECTRICAL LIMITED (REGISTERED NUMBER: 10852211)






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 ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Mr W Taylor





REGISTERED OFFICE: Caravan Maytree Paddocks
Hawthorne Corner
Herne Bay
Kent
CT6 6TL





REGISTERED NUMBER: 10852211 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

TAYLOR ELECTRICAL LIMITED (REGISTERED NUMBER: 10852211)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 16,859 21,785

CURRENT ASSETS
Debtors 5 84,809 64,429
Cash at bank 2,823 850
87,632 65,279
CREDITORS
Amounts falling due within one year 6 (47,700 ) (53,252 )
NET CURRENT ASSETS 39,932 12,027
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,791

33,812

CREDITORS
Amounts falling due after more than one
year

7

(33,282

)

(19,809

)
NET ASSETS 23,509 14,003

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 23,409 13,903
23,509 14,003

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.

TAYLOR ELECTRICAL LIMITED (REGISTERED NUMBER: 10852211)

BALANCE SHEET - continued
31 JULY 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 7 March 2025 and were signed by:





Mr W Taylor - Director


TAYLOR ELECTRICAL LIMITED (REGISTERED NUMBER: 10852211)

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

1. STATUTORY INFORMATION

Taylor Electrical 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 14,651 22,820 3,543 41,014
Additions - - 749 749
At 31 July 2024 14,651 22,820 4,292 41,763
DEPRECIATION
At 1 August 2023 9,140 8,215 1,874 19,229
Charge for year 1,378 2,921 1,376 5,675
At 31 July 2024 10,518 11,136 3,250 24,904
NET BOOK VALUE
At 31 July 2024 4,133 11,684 1,042 16,859
At 31 July 2023 5,511 14,605 1,669 21,785

TAYLOR ELECTRICAL LIMITED (REGISTERED NUMBER: 10852211)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Sundry debtors 13,490 64,429
Genus Rail Limited 48,000 -
Directors' current accounts 23,319 -
84,809 64,429

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,000 6,000
Hire purchase contracts 1,860 1,860
Corporation Tax 14,785 33,723
VAT 7,355 3,067
Sundry creditors - 3,332
Directors' current accounts - 3,768
Accrued expenses 1,700 1,502
47,700 53,252

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 26,333 11,000
Hire purchase contracts 6,949 8,809
33,282 19,809