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REGISTERED NUMBER: 06772638 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

TAPLIN PLANT LIMITED

TAPLIN PLANT LIMITED (REGISTERED NUMBER: 06772638)

Contents of the Financial Statements
for the year ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TAPLIN PLANT LIMITED

Company Information
for the year ended 30 June 2024







Directors: S Taplin
H L Taplin





Registered office: C/O Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 06772638 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

TAPLIN PLANT LIMITED (REGISTERED NUMBER: 06772638)

Balance Sheet
30 June 2024

30/6/24 30/6/23
Notes £ £ £ £
Fixed assets
Tangible assets 4 2,656,791 2,638,456
Investments 5 1 1
Investment property 6 4,321,802 2,855,344
6,978,594 5,493,801

Current assets
Stocks 30,000 30,000
Debtors 7 1,380,245 819,685
Cash at bank and in hand 1,026,418 2,229,448
2,436,663 3,079,133
Creditors
Amounts falling due within one year 8 619,137 918,984
Net current assets 1,817,526 2,160,149
Total assets less current liabilities 8,796,120 7,653,950

Creditors
Amounts falling due after more than one
year

9

(149,913

)

-

Provisions for liabilities (547,324 ) (438,256 )
Net assets 8,098,883 7,215,694

Capital and reserves
Called up share capital 11 2 2
Fair value reserve 12 - 285,000
Retained earnings 8,098,881 6,930,692
Shareholders' funds 8,098,883 7,215,694

TAPLIN PLANT LIMITED (REGISTERED NUMBER: 06772638)

Balance Sheet - continued
30 June 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 March 2025 and were signed on its behalf by:





S Taplin - Director


TAPLIN PLANT LIMITED (REGISTERED NUMBER: 06772638)

Notes to the Financial Statements
for the year ended 30 June 2024


1. Statutory information

Taplin Plant 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 financial statements are presented in Sterling, which is the functional currency of the company, rounded to the nearest £1.

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Taplin Plant Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance and at varying rates on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


TAPLIN PLANT LIMITED (REGISTERED NUMBER: 06772638)

Notes to the Financial Statements - continued
for the year ended 30 June 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern
The directors have made an assessment of the company's ability to continue as a going concern and have identified no material uncertainties that may cast a significant doubt on the ability of the company to continue as a going concern for the foreseeable future.

3. Employees and directors

The average number of employees during the year was 9 (2023 - 9 ) .

TAPLIN PLANT LIMITED (REGISTERED NUMBER: 06772638)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


4. Tangible fixed assets
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£ £ £ £ £
Cost
At 1 July 2023 64,270 6,380,580 26,121 629,582 7,100,553
Additions - 1,302,231 4,045 178,068 1,484,344
Disposals - (2,199,606 ) (3,668 ) (47,790 ) (2,251,064 )
At 30 June 2024 64,270 5,483,205 26,498 759,860 6,333,833
Depreciation
At 1 July 2023 25,172 4,140,920 18,289 277,716 4,462,097
Charge for year 6,427 792,684 4,498 114,068 917,677
Eliminated on disposal - (1,653,492 ) (2,550 ) (46,690 ) (1,702,732 )
At 30 June 2024 31,599 3,280,112 20,237 345,094 3,677,042
Net book value
At 30 June 2024 32,671 2,203,093 6,261 414,766 2,656,791
At 30 June 2023 39,098 2,239,660 7,832 351,866 2,638,456

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£
Cost
At 1 July 2023 1,892,813
Additions 613,395
At 30 June 2024 2,506,208
Depreciation
At 1 July 2023 1,226,925
Charge for year 63,980
At 30 June 2024 1,290,905
Net book value
At 30 June 2024 1,215,303
At 30 June 2023 665,888

Tangible fixed assets include assets carried at £2,613,461 (2023 - £2,592,701) held for use in operating leases.

TAPLIN PLANT LIMITED (REGISTERED NUMBER: 06772638)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


5. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 July 2023
and 30 June 2024 1
Net book value
At 30 June 2024 1
At 30 June 2023 1

6. Investment property
Total
£
Fair value
At 1 July 2023 2,855,344
Additions 1,466,458
At 30 June 2024 4,321,802
Net book value
At 30 June 2024 4,321,802
At 30 June 2023 2,855,344

The valuation of investment properties was made at 30 June 2024 by the directors on an open market basis. No depreciation is provided in respect of these properties.

On an historical cost basis, these would have been included at an original cost of £4,036,802 (2023
- £2,570,344.)

Fair value at 30 June 2024 is represented by:
£
Valuation in 2010 (100,000 )
Valuation in 2011 (100,000 )
Valuation in 2013 75,000
Valuation in 2014 (15,000 )
Valuation in 2015 25,000
Valuation in 2017 200,000
Valuation in 2022 200,000
Cost 4,036,802
4,321,802

TAPLIN PLANT LIMITED (REGISTERED NUMBER: 06772638)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


7. Debtors: amounts falling due within one year
30/6/24 30/6/23
£ £
Trade debtors 373,292 702,662
Amounts owed by group undertakings 140,722 32,660
Other debtors 866,231 84,363
1,380,245 819,685

8. Creditors: amounts falling due within one year
30/6/24 30/6/23
£ £
Bank loans and overdrafts - 279,294
Hire purchase contracts 275,691 -
Trade creditors 74,831 79,232
Taxation and social security 244,588 487,429
Other creditors 24,027 73,029
619,137 918,984

9. Creditors: amounts falling due after more than one year
30/6/24 30/6/23
£ £
Hire purchase contracts 149,913 -

10. Secured debts

The following secured debts are included within creditors:

30/6/24 30/6/23
£ £
Bank loans - 279,294
Hire purchase contracts 425,604 -
425,604 279,294

Bank loans and overdrafts and hire purchase liabilities are secured on the assets to which they relate.

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/24 30/6/23
value: £ £
2 Ordinary £1 2 2

TAPLIN PLANT LIMITED (REGISTERED NUMBER: 06772638)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


12. Reserves
Fair value
reserve
£
At 1 July 2023 285,000
Transfer (285,000 )

At 30 June 2024 -

13. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30/6/24 30/6/23
£ £
S Taplin and H L Taplin
Balance outstanding at start of year 25,795 51,439
Amounts advanced 339,985 34,356
Amounts repaid (26,000 ) (60,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 339,780 25,795