2023-11-01 NI672167 2024-10-31 NI672167 2023-11-01 2024-10-31 NI672167 2023-10-31 NI672167 2022-11-01 2023-10-31 NI672167 uk-core:WithinOneYear 2023-10-31 NI672167 uk-core:WithinOneYear 2024-10-31 NI672167 uk-core:AfterOneYear 2023-10-31 NI672167 uk-core:AfterOneYear 2024-10-31 NI672167 uk-core:ShareCapital 2024-10-31 NI672167 uk-core:ShareCapital 2023-10-31 NI672167 uk-core:RetainedEarningsAccumulatedLosses 2024-10-31 NI672167 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 NI672167 uk-bus:Director1 2023-11-01 2024-10-31 NI672167 uk-core:NetGoodwill 2023-11-01 2024-10-31 NI672167 uk-core:MotorVehicles 2023-11-01 2024-10-31 NI672167 uk-core:FurnitureFittings 2023-11-01 2024-10-31 NI672167 uk-core:Goodwill 2023-10-31 NI672167 uk-core:Goodwill 2024-10-31 NI672167 uk-core:Goodwill 2023-11-01 2024-10-31 NI672167 uk-core:FurnitureFittings 2023-10-31 NI672167 uk-core:MotorVehicles 2023-10-31 NI672167 uk-core:MotorVehicles 2024-10-31 NI672167 uk-core:FurnitureFittings 2024-10-31 NI672167 uk-core:AdditionsToInvestments 2024-10-31 NI672167 uk-core:AdditionsToInvestments uk-core:Non-currentFinancialInstruments 2024-10-31 NI672167 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2024-10-31 NI672167 uk-core:CostValuation 2024-10-31 NI672167 uk-core:Non-currentFinancialInstruments 2024-10-31 NI672167 uk-core:WithinOneYear 2024-10-31 NI672167 uk-core:WithinOneYear 2023-10-31 iso4217:GBP xbrli:pure NI672167 uk-bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 NI672167 uk-bus:FRS102 2023-11-01 2024-10-31 NI672167 uk-bus:FilletedAccounts 2023-11-01 2024-10-31 NI672167 uk-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31
J. J. Taylor & Co Solicitors Ltd
Registered Number:NI672167
For the year ended 31 October 2024
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 October 2024
J. J. Taylor & Co Solicitors Ltd
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
3
Registered Number :
NI672167
As at 31 October 2024
J. J. Taylor & Co Solicitors Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
2,000
4,000
2
Property, plant and equipment
24,459
28,775
3
Financial assets
-
26,000
4
52,459
32,775
Current assets
Inventories
37,361
35,140
5
Trade and other receivables
10,970
18,646
6
1,078,927
Cash and cash equivalents
2,195,172
2,248,958
1,127,258
Trade and other payables: amounts falling due within one
year
(1,108,926)
(2,229,748)
7
18,332
19,210
Net current assets
Total assets less current liabilities
71,669
51,107
Trade and other payables: amounts falling due after more
than one year
(12,257)
(5,115)
8
(6,115)
(5,005)
Provisions for liabilities
60,439
Net assets
33,845
Capital and reserves
Called up share capital
10
10
Retained earnings
60,429
33,835
60,439
33,845
Shareholders' funds
For the year ended 31 October 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
NI672167
For the year ended 31 October 2024
J. J. Taylor & Co Solicitors Ltd
Statement of Financial Position Continued
Mr William Taylor Director
These financial statements were approved and authorised for issue by the Board on 30 April 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 October 2024
J. J. Taylor & Co Solicitors Ltd
Notes to the Financial Statements
Statutory Information
J. J. Taylor & Co Solicitors Ltd is a private limited company, limited by shares, domiciled in Northern Ireland,
registration number NI672167.
Registered address:
1 Mallview Terrace
Armagh
Armagh
BT61 9AN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of 5 years.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
15% Reducing balance
Motor Vehicles
15% Reducing balance
Furniture and Fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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6
For the year ended 31 October 2024
J. J. Taylor & Co Solicitors Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 November 2023
10,000
At 31 October 2024
10,000
Amortisation
At 01 November 2023
6,000
2,000
Charge for year
At 31 October 2024
8,000
Net book value
At 31 October 2024
2,000
At 31 October 2023
4,000
3. Property, plant and equipment
Total
Furniture and
Fittings
Motor Vehicles
£
£
£
Cost or
valuation
At 01 November 2023
44,995
9,911
35,084
At 31 October 2024
35,084
9,911
44,995
Provision for depreciation and impairment
At 01 November 2023
16,220
2,682
13,538
Charge for year
4,316
1,084
3,232
At 31 October 2024
20,536
3,766
16,770
At 31 October 2024
Net book value
18,314
6,145
24,459
At 31 October 2023
21,546
7,229
28,775
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7
For the year ended 31 October 2024
J. J. Taylor & Co Solicitors Ltd
Notes to the Financial Statements Continued
4. Investments held as fixed assets
Other investments
Total
Cost
£
£
26,000
26,000
Additions
At 31 October 2024
26,000
26,000
At 31 October 2024
Net book value
26,000
26,000
5. Inventories
2023
2024
£
£
Stocks
35,140
37,361
6. Trade and other receivables
2023
2024
£
£
Trade debtors
18,646
10,970
7. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
-
6,313
Trade creditors
2,167,011
1,061,461
Taxation and social security
44,989
27,918
Other creditors
17,748
13,234
2,229,748
1,108,926
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8
For the year ended 31 October 2024
J. J. Taylor & Co Solicitors Ltd
Notes to the Financial Statements Continued
8. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
5,115
12,257
9. Average number of persons employed
During the year the average number of employees was 8 (2023 : 9)
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