IRIS Accounts Production v24.1.0.578 04806501 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh048065012023-06-30048065012024-06-30048065012023-07-012024-06-30048065012022-06-30048065012022-07-012023-06-30048065012023-06-3004806501ns15:EnglandWales2023-07-012024-06-3004806501ns14:PoundSterling2023-07-012024-06-3004806501ns10:Director12023-07-012024-06-3004806501ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3004806501ns10:SmallEntities2023-07-012024-06-3004806501ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3004806501ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3004806501ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3004806501ns10:FullAccounts2023-07-012024-06-300480650112023-07-012024-06-3004806501ns10:Director22023-07-012024-06-3004806501ns10:Director32023-07-012024-06-3004806501ns10:Director42023-07-012024-06-3004806501ns10:CompanySecretary12023-07-012024-06-3004806501ns10:RegisteredOffice2023-07-012024-06-3004806501ns5:CurrentFinancialInstruments2024-06-3004806501ns5:CurrentFinancialInstruments2023-06-3004806501ns5:Non-currentFinancialInstruments2024-06-3004806501ns5:Non-currentFinancialInstruments2023-06-3004806501ns5:ShareCapital2024-06-3004806501ns5:ShareCapital2023-06-3004806501ns5:RetainedEarningsAccumulatedLosses2024-06-3004806501ns5:RetainedEarningsAccumulatedLosses2023-06-3004806501ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3004806501ns5:ComputerSoftware2023-07-012024-06-3004806501ns5:LeaseholdImprovements2023-07-012024-06-3004806501ns5:PlantMachinery2023-07-012024-06-3004806501ns5:FurnitureFittings2023-07-012024-06-3004806501ns5:ComputerEquipment2023-07-012024-06-3004806501ns5:IntangibleAssetsOtherThanGoodwill2023-06-3004806501ns5:IntangibleAssetsOtherThanGoodwill2024-06-3004806501ns5:IntangibleAssetsOtherThanGoodwill2023-06-3004806501ns5:LandBuildings2023-06-3004806501ns5:LeaseholdImprovements2023-06-3004806501ns5:PlantMachinery2023-06-3004806501ns5:LandBuildings2023-07-012024-06-3004806501ns5:LandBuildings2024-06-3004806501ns5:LeaseholdImprovements2024-06-3004806501ns5:PlantMachinery2024-06-3004806501ns5:LandBuildings2023-06-3004806501ns5:LeaseholdImprovements2023-06-3004806501ns5:PlantMachinery2023-06-3004806501ns5:FurnitureFittings2023-06-3004806501ns5:ComputerEquipment2023-06-3004806501ns5:FurnitureFittings2024-06-3004806501ns5:ComputerEquipment2024-06-3004806501ns5:FurnitureFittings2023-06-3004806501ns5:ComputerEquipment2023-06-3004806501ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-06-3004806501ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-07-012024-06-3004806501ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-06-3004806501ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-06-3004806501ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3004806501ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3004806501ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-06-3004806501ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-06-3004806501ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-06-3004806501ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-06-3004806501ns5:Secured2024-06-3004806501ns5:Secured2023-06-3004806501ns5:DeferredTaxation2023-06-3004806501ns5:DeferredTaxation2024-06-30
REGISTERED NUMBER: 04806501 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024

FOR

TAYLORS FOOTBALL SOUVENIRS LIMITED

TAYLORS FOOTBALL SOUVENIRS LIMITED (REGISTERED NUMBER: 04806501)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TAYLORS FOOTBALL SOUVENIRS LIMITED

COMPANY INFORMATION
For The Year Ended 30th June 2024







DIRECTORS: M Karadzic
Mrs J Karadzic
S P Karadzic
Mrs N C Jones





SECRETARY: Mrs J Karadzic





REGISTERED OFFICE: Wynbury Stables
Main Street
West Witton
Leyburn
North Yorkshire
DL8 4LR





REGISTERED NUMBER: 04806501 (England and Wales)





ACCOUNTANTS: CPT
Chartered Certified Accountants
80 Victoria Road
Darlington
County Durham
DL1 5JG

TAYLORS FOOTBALL SOUVENIRS LIMITED (REGISTERED NUMBER: 04806501)

BALANCE SHEET
30th June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 19,878 73,998
Tangible assets 5 1,464,904 1,488,470
1,484,782 1,562,468

CURRENT ASSETS
Stocks 1,103,677 1,182,294
Debtors 6 189,506 103,501
Cash at bank 4,113 121,593
1,297,296 1,407,388
CREDITORS
Amounts falling due within one year 7 1,615,102 1,261,270
NET CURRENT (LIABILITIES)/ASSETS (317,806 ) 146,118
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,166,976

1,708,586

CREDITORS
Amounts falling due after more than one
year

8

(792,836

)

(1,089,704

)

PROVISIONS FOR LIABILITIES 10 (2,924 ) (3,611 )

ACCRUALS AND DEFERRED INCOME 11 (5,633 ) (5,383 )
NET ASSETS 365,583 609,888

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 365,483 609,788
SHAREHOLDERS' FUNDS 365,583 609,888

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

TAYLORS FOOTBALL SOUVENIRS LIMITED (REGISTERED NUMBER: 04806501)

BALANCE SHEET - continued
30th June 2024


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 20th May 2025 and were signed on its behalf by:





M Karadzic - Director


TAYLORS FOOTBALL SOUVENIRS LIMITED (REGISTERED NUMBER: 04806501)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30th June 2024

1. STATUTORY INFORMATION

Taylors Football Souvenirs 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on cost
Computer equipment - 25% 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.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

TAYLORS FOOTBALL SOUVENIRS LIMITED (REGISTERED NUMBER: 04806501)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30th June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st July 2023
and 30th June 2024 164,000
AMORTISATION
At 1st July 2023 90,002
Charge for year 54,120
At 30th June 2024 144,122
NET BOOK VALUE
At 30th June 2024 19,878
At 30th June 2023 73,998

TAYLORS FOOTBALL SOUVENIRS LIMITED (REGISTERED NUMBER: 04806501)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30th June 2024

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1st July 2023
and 30th June 2024 1,440,137 213,815 44,231
DEPRECIATION
At 1st July 2023 - 184,486 30,396
Charge for year - 19,949 2,075
At 30th June 2024 - 204,435 32,471
NET BOOK VALUE
At 30th June 2024 1,440,137 9,380 11,760
At 30th June 2023 1,440,137 29,329 13,835

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st July 2023
and 30th June 2024 125,345 5,977 1,829,505
DEPRECIATION
At 1st July 2023 120,608 5,545 341,035
Charge for year 1,402 140 23,566
At 30th June 2024 122,010 5,685 364,601
NET BOOK VALUE
At 30th June 2024 3,335 292 1,464,904
At 30th June 2023 4,737 432 1,488,470

TAYLORS FOOTBALL SOUVENIRS LIMITED (REGISTERED NUMBER: 04806501)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30th June 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
COST
At 1st July 2023
and 30th June 2024 6,250
DEPRECIATION
At 1st July 2023 5,672
Charge for year 87
At 30th June 2024 5,759
NET BOOK VALUE
At 30th June 2024 491
At 30th June 2023 578

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 105,246 82,338
Other debtors 2,738 6,006
Paypal account 6,804 3,957
Paypal account - All Sports 426 1,109
VAT 74,292 10,091
189,506 103,501

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 72,900 72,900
Other loans 458,567 527,419
Trade creditors 836,755 418,856
Tax 3,691 52,908
Social security and other taxes 14,376 7,728
Other creditors 214,764 145,980
Directors' current accounts 14,049 35,479
1,615,102 1,261,270

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 486,542 554,823
Other loans 306,294 534,881
792,836 1,089,704

TAYLORS FOOTBALL SOUVENIRS LIMITED (REGISTERED NUMBER: 04806501)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30th June 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 559,442 627,723

The hire purchase and finance lease contracts are secured on the assets to which they relate.

The Bank of Scotland holds a charge over the property at Wynbury Stables, West Witton.

10. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 2,924 3,611

Deferred
tax
£   
Balance at 1st July 2023 3,611
Deferred Tax (687 )
Balance at 30th June 2024 2,924

11. ACCRUALS AND DEFERRED INCOME
30.6.24 30.6.23
£    £   
Accruals and deferred income 5,633 5,383

12. RELATED PARTY DISCLOSURES

During the year, invoices were raised by Taylors Football Souvenirs Limited for the provision of livery services to the directors of the company. The net income for these services was £2,441 (2023 :- £2,975).

At the year end an amount of £4,509 (2023 : £6,847) was due to the company from the directors.

13. ULTIMATE CONTROLLING PARTY

The company does not have an ultimate controlling party.