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REGISTERED NUMBER: 06947597 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

TAYLOR SYMES LTD

TAYLOR SYMES LTD (REGISTERED NUMBER: 06947597)

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


TAYLOR SYMES LTD

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: G H Taylor





REGISTERED OFFICE: Eastcott House
St Dominic
Saltash
Cornwall
PL12 6TB





REGISTERED NUMBER: 06947597 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

TAYLOR SYMES LTD (REGISTERED NUMBER: 06947597)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 22,640 29,290
22,640 29,290

CURRENT ASSETS
Stocks 45,000 42,000
Debtors 6 192,948 172,528
Cash at bank 104,151 18,744
342,099 233,272
CREDITORS
Amounts falling due within one year 7 227,377 154,362
NET CURRENT ASSETS 114,722 78,910
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,362

108,200

CREDITORS
Amounts falling due after more than one
year

8

-

22,500
NET ASSETS 137,362 85,700

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 137,262 85,600
SHAREHOLDERS' FUNDS 137,362 85,700

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 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 SYMES LTD (REGISTERED NUMBER: 06947597)

BALANCE SHEET - continued
30 June 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 17 March 2025 and were signed by:





G H Taylor - Director


TAYLOR SYMES LTD (REGISTERED NUMBER: 06947597)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Taylor Symes Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost and 25% 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.


TAYLOR SYMES LTD (REGISTERED NUMBER: 06947597)

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
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 10 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 2,500
AMORTISATION
At 1 July 2023
and 30 June 2024 2,500
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

TAYLOR SYMES LTD (REGISTERED NUMBER: 06947597)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 7,506 109,009 116,515
Additions - 2,137 2,137
At 30 June 2024 7,506 111,146 118,652
DEPRECIATION
At 1 July 2023 1,378 85,847 87,225
Charge for year 751 8,036 8,787
At 30 June 2024 2,129 93,883 96,012
NET BOOK VALUE
At 30 June 2024 5,377 17,263 22,640
At 30 June 2023 6,128 23,162 29,290

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 128,106 120,679
Other debtors 64,842 51,849
192,948 172,528

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,500 22,500
Trade creditors 199,172 93,481
Taxation and social security 6,727 7,520
Other creditors 13,978 30,861
227,377 154,362

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 22,500

9. RELATED PARTY DISCLOSURES

At 30 June 2024 other creditors include loans made to the company by the director amounting to £855 (2023 £855).The loans are interest free and have no fixed date for repayment.

TAYLOR SYMES LTD (REGISTERED NUMBER: 06947597)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024


10. CONTROLLING PARTY

The controlling party is G H Taylor.