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Registration number: 15479179

R And J Taylor Ltd

Unaudited Financial Statements

for the Period from 10 February 2024 to 28 February 2025

 

R And J Taylor Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

R And J Taylor Ltd

(Registration number: 15479179)
Balance Sheet as at 28 February 2025

Note

2025
£

Fixed assets

 

Tangible assets

4

1,868

Current assets

 

Debtors

5

32,101

Cash at bank and in hand

 

1,391

 

33,492

Creditors: Amounts falling due within one year

6

(34,684)

Net current liabilities

 

(1,192)

Total assets less current liabilities

 

676

Provisions for liabilities

(355)

Net assets

 

321

Capital and reserves

 

Called up share capital

100

Retained earnings

221

Shareholders' funds

 

321

For the financial period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 May 2025 and signed on its behalf by:
 

.........................................
Mr J Taylor
Director

 

R And J Taylor Ltd

Notes to the Unaudited Financial Statements for the Period from 10 February 2024 to 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

R And J Taylor Ltd

Notes to the Unaudited Financial Statements for the Period from 10 February 2024 to 28 February 2025

Tax

The tax expense for the period comprises current and deferred tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

33% on straight line basis

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

R And J Taylor Ltd

Notes to the Unaudited Financial Statements for the Period from 10 February 2024 to 28 February 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

2,803

2,803

At 28 February 2025

2,803

2,803

Depreciation

Charge for the period

935

935

At 28 February 2025

935

935

Carrying amount

At 28 February 2025

1,868

1,868

5

Debtors

Current

2025
£

Trade debtors

29,585

Other debtors

2,516

 

32,101

6

Creditors

Creditors: amounts falling due within one year

2025
£

Due within one year

Trade creditors

138

Taxation and social security

27,795

Accruals and deferred income

6,751

34,684

 

R And J Taylor Ltd

Notes to the Unaudited Financial Statements for the Period from 10 February 2024 to 28 February 2025

7

Related party transactions

Summary of transactions with other related parties

During the year, advances were made to the director in the sum of £108,499 and repayments were made in the sum of £105,983. At the year end, the director owed the company the amount of £2,516 (2024: N/A) and this amount is included in other debtors. The loan was interest free and repayable on demand.