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REGISTERED NUMBER: 01250827 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Taylor & Watson Limited

Taylor & Watson Limited (Registered number: 01250827)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Taylor & Watson Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr A Taylor
Mr A Stacey





REGISTERED OFFICE: Wentworth Road
Penistone
Sheffield
South Yorkshire
S36 6ET





REGISTERED NUMBER: 01250827 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Taylor & Watson Limited (Registered number: 01250827)

Balance Sheet
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 99,431 105,409

CURRENT ASSETS
Stocks 5,400 6,994
Debtors 6 42,762 67,806
Cash at bank and in hand 140,044 68,525
188,206 143,325
CREDITORS
Amounts falling due within one year 7 (56,137 ) (52,526 )
NET CURRENT ASSETS 132,069 90,799
TOTAL ASSETS LESS CURRENT
LIABILITIES

231,500

196,208

PROVISIONS FOR LIABILITIES (14,038 ) (11,384 )
NET ASSETS 217,462 184,824

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 217,362 184,724
SHAREHOLDERS' FUNDS 217,462 184,824

Taylor & Watson Limited (Registered number: 01250827)

Balance Sheet - continued
31 October 2024


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by:





Mr A Taylor - Director


Taylor & Watson Limited (Registered number: 01250827)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Taylor & Watson 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been
consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

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 straight line
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on cost straight line and 15% on reducing balance
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Taylor & Watson Limited (Registered number: 01250827)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023 90,608 566,589 657,197
Additions - 4,740 4,740
At 31 October 2024 90,608 571,329 661,937
DEPRECIATION
At 1 November 2023 39,864 511,924 551,788
Charge for year 1,812 8,906 10,718
At 31 October 2024 41,676 520,830 562,506
NET BOOK VALUE
At 31 October 2024 48,932 50,499 99,431
At 31 October 2023 50,744 54,665 105,409

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 35,606 60,154
Other debtors 7,156 7,652
42,762 67,806

Taylor & Watson Limited (Registered number: 01250827)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,003 6,813
Taxation and social security 25,267 21,575
Other creditors 23,867 24,138
56,137 52,526

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
75 Ordinary £1 75 97
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
23 C Ordinary £1 23 1
100 100