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REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

TAYLORS OF SOUTH WINGFIELD LIMITED

TAYLORS OF SOUTH WINGFIELD LIMITED (REGISTERED NUMBER: 01103724)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 4

Chartered Certified Accountant's Report 7

TAYLORS OF SOUTH WINGFIELD LIMITED

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTORS: Mrs D E Griffin
K B M Griffin
N J Griffin
T S Griffin





SECRETARY: Mrs D E Griffin





REGISTERED OFFICE: Wingfield Mill
Church Lane
South Wingfield
Alfreton
Derbyshire
DE55 7NJ





REGISTERED NUMBER: 01103724 (England and Wales)





ACCOUNTANT: Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN

TAYLORS OF SOUTH WINGFIELD LIMITED (REGISTERED NUMBER: 01103724)

REPORT OF THE DIRECTORS
for the year ended 30 September 2024

The directors present their report with the financial statements of the company for the year ended 30 September 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

Mrs D E Griffin
K B M Griffin
N J Griffin
T S Griffin

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs D E Griffin - Secretary


26 March 2025

TAYLORS OF SOUTH WINGFIELD LIMITED (REGISTERED NUMBER: 01103724)

BALANCE SHEET
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 250,998 206,512

CURRENT ASSETS
Stocks 5 201,641 207,292
Debtors 6 25,048 18,195
Cash at bank and in hand 319,030 292,581
545,719 518,068
CREDITORS
Amounts falling due within one year 7 184,190 118,936
NET CURRENT ASSETS 361,529 399,132
TOTAL ASSETS LESS CURRENT LIABILITIES 612,527 605,644

PROVISIONS FOR LIABILITIES 8 9,148 -
NET ASSETS 603,379 605,644

CAPITAL AND RESERVES
Called up share capital 9 5,000 5,000
Retained earnings 598,379 600,644
SHAREHOLDERS' FUNDS 603,379 605,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





K B M Griffin - Director


TAYLORS OF SOUTH WINGFIELD LIMITED (REGISTERED NUMBER: 01103724)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Taylors of South Wingfield Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Short leasehold - 2% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.3% 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.

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.

Deferred taxation
Provision is made for taxation deferred in respect of all material timing differences.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 20 ) .

TAYLORS OF SOUTH WINGFIELD LIMITED (REGISTERED NUMBER: 01103724)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1 October 2023 53,472 294,753 182,185
Additions - - -
Disposals - - -
At 30 September 2024 53,472 294,753 182,185
DEPRECIATION
At 1 October 2023 14,418 154,053 180,466
Charge for year 534 5,388 345
Eliminated on disposal - - -
At 30 September 2024 14,952 159,441 180,811
NET BOOK VALUE
At 30 September 2024 38,520 135,312 1,374
At 30 September 2023 39,054 140,700 1,719

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 139,754 15,756 685,920
Additions 57,245 - 57,245
Disposals (5,500 ) (6,443 ) (11,943 )
At 30 September 2024 191,499 9,313 731,222
DEPRECIATION
At 1 October 2023 114,716 15,755 479,408
Charge for year 6,183 - 12,450
Eliminated on disposal (5,191 ) (6,443 ) (11,634 )
At 30 September 2024 115,708 9,312 480,224
NET BOOK VALUE
At 30 September 2024 75,791 1 250,998
At 30 September 2023 25,038 1 206,512

5. STOCKS
30.9.24 30.9.23
£    £   
Stocks 201,641 207,292

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 4,965 4,715
VAT 5,343 -
Prepayments 14,740 13,480
25,048 18,195

TAYLORS OF SOUTH WINGFIELD LIMITED (REGISTERED NUMBER: 01103724)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 156,919 60,334
Tax 6,129 19,731
Social security and other taxes 4,316 4,038
VAT - 11,564
Other creditors 511 746
Directors' current accounts 9,263 10,408
Accrued expenses 7,052 12,115
184,190 118,936

8. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax
Accelerated capital allowances 9,148 -

Deferred
tax
£   
Provided during year 9,148
Deferred tax charge in the
profit and loss account
Balance at 30 September 2024 9,148

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
3,200 Ordinary 'A' Shares £1 3,200 3,200
900 Ordinary 'B' Shares £1 900 900
900 Ordinary 'C' Shares £1 900 900
5,000 5,000

CHARTERED CERTIFIED ACCOUNTANT'S REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TAYLORS OF SOUTH WINGFIELD LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Taylors of South Wingfield Limited for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Taylors of South Wingfield Limited, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Taylors of South Wingfield Limited and state those matters that I have agreed to state to the Board of Directors of Taylors of South Wingfield Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Taylors of South Wingfield Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Taylors of South Wingfield Limited. You consider that Taylors of South Wingfield Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Taylors of South Wingfield Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.






Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN


28 March 2025