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REGISTERED NUMBER: 06272773 (England and Wales)















Financial Statements for the Year Ended 31st May 2024

for

Tailift & Shutter Door Specialists Ltd

Tailift & Shutter Door Specialists Ltd (Registered number: 06272773)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tailift & Shutter Door Specialists Ltd

Company Information
for the Year Ended 31st May 2024







DIRECTOR: Mr D Hunt





REGISTERED OFFICE: Unit 3 Van Industrial Estate
Van Road
Caerphilly
CF83 3EL





REGISTERED NUMBER: 06272773 (England and Wales)

Tailift & Shutter Door Specialists Ltd (Registered number: 06272773)

Balance Sheet
31st May 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 252,238 303,475

CURRENT ASSETS
Stocks 2,500 3,500
Debtors 5 213,565 192,540
Cash at bank and in hand 525,392 390,996
741,457 587,036
CREDITORS
Amounts falling due within one year 6 209,825 129,614
NET CURRENT ASSETS 531,632 457,422
TOTAL ASSETS LESS CURRENT
LIABILITIES

783,870

760,897

CREDITORS
Amounts falling due after more than one
year

7

(32,712

)

(68,149

)

PROVISIONS FOR LIABILITIES (56,219 ) (55,111 )
NET ASSETS 694,939 637,637

CAPITAL AND RESERVES
Called up share capital 2,550 2,550
Retained earnings 692,389 635,087
SHAREHOLDERS' FUNDS 694,939 637,637

Tailift & Shutter Door Specialists Ltd (Registered number: 06272773)

Balance Sheet - continued
31st May 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 and Director's Report has not been delivered.

The financial statements were approved by the director and authorised for issue on 30th May 2025 and were signed by:





Mr D Hunt - Director


Tailift & Shutter Door Specialists Ltd (Registered number: 06272773)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

Tailift & Shutter Door Specialists Ltd 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.
Land and buildings - at variable rates on reducing balance
Plant and machinery etc - 20% on reducing balance

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 and Director's Report, 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.

Tailift & Shutter Door Specialists Ltd (Registered number: 06272773)

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

2. ACCOUNTING POLICIES - continued

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.

Comparative balances
The comparative balances have been amended following the transition from FRS 105 to FRS 102 so that the statements are comparable and include provisions that are necessary under FRS 102 such as deferred tax which are not required under FRS 105.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st June 2023 35,957 386,152 422,109
Additions - 5,008 5,008
At 31st May 2024 35,957 391,160 427,117
DEPRECIATION
At 1st June 2023 8,037 110,597 118,634
Charge for year 558 55,687 56,245
At 31st May 2024 8,595 166,284 174,879
NET BOOK VALUE
At 31st May 2024 27,362 224,876 252,238
At 31st May 2023 27,920 275,555 303,475

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 213,565 192,540

Tailift & Shutter Door Specialists Ltd (Registered number: 06272773)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 12,043 12,043
Trade creditors 96,428 53,678
Taxation and social security 79,667 51,439
Other creditors 11,687 2,454
209,825 129,614

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 10,633 18,703
Hire purchase contracts 22,079 49,446
32,712 68,149

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 34,122 61,489