IRIS Accounts Production v24.3.2.46 07176998 director 1.2.24 31.1.25 31.1.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh071769982024-01-31071769982025-01-31071769982024-02-012025-01-31071769982023-01-31071769982023-02-012024-01-31071769982024-01-3107176998ns15:EnglandWales2024-02-012025-01-3107176998ns14:PoundSterling2024-02-012025-01-3107176998ns10:Director12024-02-012025-01-3107176998ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3107176998ns10:SmallEntities2024-02-012025-01-3107176998ns10:AuditExemptWithAccountantsReport2024-02-012025-01-3107176998ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3107176998ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3107176998ns10:FullAccounts2024-02-012025-01-3107176998ns10:RegisteredOffice2024-02-012025-01-3107176998ns5:CurrentFinancialInstruments2025-01-3107176998ns5:CurrentFinancialInstruments2024-01-3107176998ns5:ShareCapital2025-01-3107176998ns5:ShareCapital2024-01-3107176998ns5:RetainedEarningsAccumulatedLosses2025-01-3107176998ns5:RetainedEarningsAccumulatedLosses2024-01-3107176998ns5:ComputerEquipment2024-02-012025-01-3107176998ns5:ComputerEquipment2024-01-3107176998ns5:ComputerEquipment2025-01-3107176998ns5:ComputerEquipment2024-01-3107176998ns5:Non-currentFinancialInstruments2025-01-3107176998ns5:Non-currentFinancialInstruments2024-01-3107176998ns5:DeferredTaxation2024-01-3107176998ns5:DeferredTaxation2025-01-31
REGISTERED NUMBER: 07176998 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2025

for

GARY TAYLOR ASSOCIATES LIMITED

GARY TAYLOR ASSOCIATES LIMITED (REGISTERED NUMBER: 07176998)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 5

GARY TAYLOR ASSOCIATES LIMITED

Company Information
for the Year Ended 31 January 2025







DIRECTOR: Dr G W Taylor





REGISTERED OFFICE: Suite 1, Eighth Floor
Intergen House
65-67 Western Road
Hove
BN3 2JQ





REGISTERED NUMBER: 07176998 (England and Wales)





ACCOUNTANTS: Chambers & Co Accountants LLP
Suite 1, Eighth Floor,
Intergen House
65-67 Western Road
Hove
East Sussex
BN3 2JQ

GARY TAYLOR ASSOCIATES LIMITED (REGISTERED NUMBER: 07176998)

Balance Sheet
31 January 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 217 289

CURRENT ASSETS
Debtors 5 419,713 417,068
Cash at bank 1,012,481 923,182
1,432,194 1,340,250
CREDITORS
Amounts falling due within one year 6 99,453 98,741
NET CURRENT ASSETS 1,332,741 1,241,509
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,332,958

1,241,798

PROVISIONS FOR LIABILITIES 7 54 72
NET ASSETS 1,332,904 1,241,726

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,332,903 1,241,725
SHAREHOLDERS' FUNDS 1,332,904 1,241,726

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 12 March 2025 and were signed by:




Dr G W Taylor - Director


GARY TAYLOR ASSOCIATES LIMITED (REGISTERED NUMBER: 07176998)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Gary Taylor Associates 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 represents revenue recognised in respect of services supplied, 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.
Office equipment - 25% on reducing balance

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 1 (2024 - 1 ) .

GARY TAYLOR ASSOCIATES LIMITED (REGISTERED NUMBER: 07176998)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 February 2024
and 31 January 2025 557
DEPRECIATION
At 1 February 2024 268
Charge for year 72
At 31 January 2025 340
NET BOOK VALUE
At 31 January 2025 217
At 31 January 2024 289

5. DEBTORS
2025 2024
£    £   
Amounts falling due within one year:
Trade debtors 31,104 28,459

Amounts falling due after more than one year:
Unsecured loan 388,609 388,609

Aggregate amounts 419,713 417,068

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Payments on account 36,334 47,911
Tax 45,818 35,145
VAT 13,704 12,088
Directors' loan accounts 1,897 1,897
Accrued expenses 1,700 1,700
99,453 98,741

7. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 54 72

Deferred
tax
£   
Balance at 1 February 2024 72
Accelerated capital allowances (18 )
Balance at 31 January 2025 54

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Gary Taylor Associates Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gary Taylor Associates Limited for the year ended 31 January 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Gary Taylor Associates Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gary Taylor Associates Limited and state those matters that we have agreed to state to the director of Gary Taylor Associates Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Gary Taylor Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gary Taylor Associates Limited. You consider that Gary Taylor Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gary Taylor Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Chambers & Co Accountants LLP
Suite 1, Eighth Floor,
Intergen House
65-67 Western Road
Hove
East Sussex
BN3 2JQ


12 March 2025