Company Registration No. 05244488 (England and Wales)
K TAYLOR COMMERCIAL VEHICLE SERVICES LTD
Unaudited accounts
for the year ended 30 September 2024
K TAYLOR COMMERCIAL VEHICLE SERVICES LTD
Statement of financial position
as at 30 September 2024
Tangible assets
1,205,936
1,307,851
Cash at bank and in hand
1,289,170
1,370,716
Creditors: amounts falling due within one year
(447,722)
(462,201)
Net current assets
1,171,446
1,264,813
Total assets less current liabilities
2,377,382
2,572,664
Creditors: amounts falling due after more than one year
-
(357,253)
Net assets
2,377,382
2,215,411
Called up share capital
100
100
Profit and loss account
2,377,282
2,215,311
Shareholders' funds
2,377,382
2,215,411
For the year ending 30 September 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 May 2025 and were signed on its behalf by
K Taylor
Director
Company Registration No. 05244488
K TAYLOR COMMERCIAL VEHICLE SERVICES LTD
Notes to the Accounts
for the year ended 30 September 2024
K TAYLOR COMMERCIAL VEHICLE SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 05244488.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Buildings are depreciated evenly over 50 years
Plant & machinery
20% straight line to residual value
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 October 2023
734,441
1,317,859
2,052,300
At 30 September 2024
734,441
1,317,859
2,052,300
At 1 October 2023
77,000
667,449
744,449
Charge for the year
11,000
90,915
101,915
At 30 September 2024
88,000
758,364
846,364
At 30 September 2024
646,441
559,495
1,205,936
At 30 September 2023
657,441
650,410
1,307,851
K TAYLOR COMMERCIAL VEHICLE SERVICES LTD
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
Trade debtors
328,798
355,098
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
20,000
Trade creditors
117,492
126,905
Taxes and social security
93,599
57,901
Loans from directors
182,053
195,032
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 13 (2023: 13).