Registered number
09822113
Taylor'd Renovations Limited
Filleted Accounts
31 October 2024
Taylor'd Renovations Limited
Registered number: 09822113
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 39,930 50,511
Investments 4 90,670 34,446
130,600 84,957
Current assets
Debtors 5 1,126 1,219
Cash at bank and in hand 44,458 25,992
45,584 27,211
Creditors: amounts falling due within one year 6 (14,056) (48,230)
Net current assets/(liabilities) 31,528 (21,019)
Total assets less current liabilities 162,128 63,938
Creditors: amounts falling due after more than one year 7 - (6,333)
Provisions for liabilities (7,587) (9,597)
Net assets 154,541 48,008
Capital and reserves
Called up share capital 1 1
Revaluation reserve 8 56,224 -
Profit and loss account 98,316 48,007
Shareholder's funds 154,541 48,008
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B Taylor
Director
Approved by the board on 8 May 2025
Taylor'd Renovations Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets as follows:
Plant and machinery 15% reducing balance
Motor vehicles 25% reducing balance
Investments
Listed investments are measured at fair value. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price).
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2023 24,359 55,993 80,352
Additions 1,584 - 1,584
Disposals (2,608) - (2,608)
At 31 October 2024 23,335 55,993 79,328
Depreciation
At 1 November 2023 11,477 18,364 29,841
Charge for the year 1,946 9,407 11,353
On disposals (1,796) - (1,796)
At 31 October 2024 11,627 27,771 39,398
Net book value
At 31 October 2024 11,708 28,222 39,930
At 31 October 2023 12,882 37,629 50,511
4 Investments
Land and
property
£
Cost
At 1 November 2023 34,446
Revaluation 56,224
At 31 October 2024 90,670
5 Debtors 2024 2023
£ £
Other debtors 1,126 1,219
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 4,000
Trade creditors 2,587 1,247
Taxation and social security costs 9,811 -
Other creditors 1,658 42,983
14,056 48,230
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 6,333
8 Revaluation reserve 2024 2023
£ £
Gain on revaluation of land and buildings 56,224 -
At 31 October 2024 56,224 -
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Byron Taylor
Directors loan account 42,983 (47,300) 5,975 1,658
42,983 (47,300) 5,975 1,658
10 Controlling party
The company was controlled by the director.
11 Other information
Taylor'd Renovations Limited is a private company limited by shares and incorporated in England. Its registered office is:
23 Beamish View
Stanley
Co Durham
DH9 0DQ
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