REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 January 2025 |
for |
N. & D.A. Taylor Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 January 2025 |
for |
N. & D.A. Taylor Limited |
N. & D.A. Taylor Limited (Registered number: 01235216) |
Contents of the Financial Statements |
for the Year Ended 31 January 2025 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
N. & D.A. Taylor Limited |
Company Information |
for the Year Ended 31 January 2025 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Reedham House |
31 King Street West |
Manchester |
M3 2PJ |
N. & D.A. Taylor Limited (Registered number: 01235216) |
Balance Sheet |
31 January 2025 |
2025 | 2024 |
Notes | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | 9 |
SHAREHOLDERS' FUNDS |
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. |
N. & D.A. Taylor Limited (Registered number: 01235216) |
Balance Sheet - continued |
31 January 2025 |
The financial statements were approved by the director and authorised for issue on |
N. & D.A. Taylor Limited (Registered number: 01235216) |
Notes to the Financial Statements |
for the Year Ended 31 January 2025 |
1. | STATUTORY INFORMATION |
N. & D.A. Taylor Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. |
Interest |
Bank and other interest is recognised in the period in which it was received. |
Tangible fixed assets |
Fixtures and fittings | - |
Tangible fixed assets are initially recorded at cost less accumulated depreciation and accumulated impairment losses. |
Investment property |
Interest in investment properties is stated at an open market value with no depreciation being provided in accordance with the provision of Section 1A "Small Entities" of Financial Reporting Standard 102. |
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. |
Going concern |
The company's financial statements for the year ended 31 January 2025 have been prepared on a going basis as, after making appropriate enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
N. & D.A. Taylor Limited (Registered number: 01235216) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2025 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1 February 2024 |
and 31 January 2025 |
DEPRECIATION |
At 1 February 2024 |
Charge for year |
At 31 January 2025 |
NET BOOK VALUE |
At 31 January 2025 |
At 31 January 2024 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 February 2024 |
and 31 January 2025 |
NET BOOK VALUE |
At 31 January 2025 |
At 31 January 2024 |
Fair value at 31 January 2025 is represented by: |
£ |
Valuation in 2015 | 627,851 |
Cost | 122,149 |
750,000 |
If investment property had not been revalued it would have been included at the following historical cost: |
2025 | 2024 |
£ | £ |
Cost | 122,149 | 122,149 |
Investment property was valued on an open market basis on 25 February 2014 by Ash Property Ltd . |
The director considers the market value of the investment property not to be materially different to the value shown in the financial statements at 31 January 2025. |
N. & D.A. Taylor Limited (Registered number: 01235216) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2025 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 | 2024 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 | 2024 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | PROVISIONS FOR LIABILITIES |
2025 | 2024 |
£ | £ |
Deferred tax | 156,963 | 156,963 |
Deferred |
tax |
£ |
Balance at 1 February 2024 |
Released to profit and loss |
account |
Balance at 31 January 2025 |
9. | RESERVES |
Retained |
earnings |
£ |
At 1 February 2024 |
Profit for the year |
Dividends | ( |
) |
At 31 January 2025 |
10. | RELATED PARTY DISCLOSURES |
Included within other creditors is the director's current account balance of £15,323 (2024: 7,550). There are no fixed repayment terms and no interest is chargeable on this balance. |