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REGISTERED NUMBER: 05930439 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

TAYLORS MECHANICAL HEATING & PLUMBING
SERVICES LIMITED

TAYLORS MECHANICAL HEATING & PLUMBING
SERVICES LIMITED (REGISTERED NUMBER: 05930439)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TAYLORS MECHANICAL HEATING & PLUMBING
SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: R H Powell
N R Price





SECRETARY: Mrs S L Plimmer





REGISTERED OFFICE: Unit 38h Vanguard Way
Battlefield Enterprise Park
Shrewsbury
Shropshire
SY1 3TG





REGISTERED NUMBER: 05930439 (England and Wales)





ACCOUNTANTS: D.R.E. & Co. Limited
Chartered Accountants
Kingsland House
39 Abbey Foregate
Shrewsbury
Shropshire
SY2 6BL

TAYLORS MECHANICAL HEATING & PLUMBING
SERVICES LIMITED (REGISTERED NUMBER: 05930439)

BALANCE SHEET
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 374,970 387,477

CURRENT ASSETS
Stocks 41,687 39,477
Debtors 6 204,457 252,424
Cash at bank and in hand 61,109 150
307,253 292,051
CREDITORS
Amounts falling due within one year 7 417,928 427,733
NET CURRENT LIABILITIES (110,675 ) (135,682 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

264,295

251,795

CREDITORS
Amounts falling due after more than one
year

8

(91,401

)

(108,807

)

PROVISIONS FOR LIABILITIES (56,241 ) (58,829 )
NET ASSETS 116,653 84,159

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 10 116,651 84,157
SHAREHOLDERS' FUNDS 116,653 84,159

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 MECHANICAL HEATING & PLUMBING
SERVICES LIMITED (REGISTERED NUMBER: 05930439)

BALANCE SHEET - continued
30 NOVEMBER 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 28 May 2025 and were signed on its behalf by:





R H Powell - Director


TAYLORS MECHANICAL HEATING & PLUMBING
SERVICES LIMITED (REGISTERED NUMBER: 05930439)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Taylors Mechanical Heating & Plumbing Services 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. 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 under the historical cost convention.

The financial statements are for the individual entity only.

The financial statements are presented in Sterling (£), rounded to the nearest £1.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost of buildings only
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stock and work in progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Work in progress is valued at the lower of cost and net realisable value by the directors. Cost represents materials, direct labour and directly attributable overheads.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

TAYLORS MECHANICAL HEATING & PLUMBING
SERVICES LIMITED (REGISTERED NUMBER: 05930439)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

3. ACCOUNTING POLICIES - continued

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 21 ) .

TAYLORS MECHANICAL HEATING & PLUMBING
SERVICES LIMITED (REGISTERED NUMBER: 05930439)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2023 198,033 21,308 8,718
Additions - 2,849 -
Disposals - - -
At 30 November 2024 198,033 24,157 8,718
DEPRECIATION
At 1 December 2023 34,879 8,981 4,668
Charge for year 2,462 1,446 405
Eliminated on disposal - - -
At 30 November 2024 37,341 10,427 5,073
NET BOOK VALUE
At 30 November 2024 160,692 13,730 3,645
At 30 November 2023 163,154 12,327 4,050

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2023 310,193 16,089 554,341
Additions 85,557 2,417 90,823
Disposals (104,980 ) - (104,980 )
At 30 November 2024 290,770 18,506 540,184
DEPRECIATION
At 1 December 2023 103,496 14,840 166,864
Charge for year 30,602 1,222 36,137
Eliminated on disposal (37,787 ) - (37,787 )
At 30 November 2024 96,311 16,062 165,214
NET BOOK VALUE
At 30 November 2024 194,459 2,444 374,970
At 30 November 2023 206,697 1,249 387,477

TAYLORS MECHANICAL HEATING & PLUMBING
SERVICES LIMITED (REGISTERED NUMBER: 05930439)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2023 309,380
Additions 85,557
Disposals (104,980 )
Transfer to ownership (45,990 )
At 30 November 2024 243,967
DEPRECIATION
At 1 December 2023 102,831
Charge for year 30,572
Eliminated on disposal (37,787 )
Transfer to ownership (18,934 )
At 30 November 2024 76,682
NET BOOK VALUE
At 30 November 2024 167,285
At 30 November 2023 206,549

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 181,773 222,210
Amounts recoverable on contract 17,669 17,435
Other debtors 2,666 10,340
Prepayments 2,349 2,439
204,457 252,424

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 77,722 102,045
Hire purchase contracts 45,990 45,655
Trade creditors 151,719 86,842
Tax 21,877 75,926
Social security and other taxes 16,001 10,314
VAT 30,397 40,668
Other creditors 8,433 7,851
Directors' current accounts 53,867 53,867
Accrued expenses 11,922 4,565
417,928 427,733

TAYLORS MECHANICAL HEATING & PLUMBING
SERVICES LIMITED (REGISTERED NUMBER: 05930439)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loan repayable between 1 - 2 years - 10,216
Hire purchase contracts 91,401 98,591
91,401 108,807

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£    £   
Bank overdrafts 64,306 83,073
Bank loans 13,416 29,188
Hire purchase contracts 137,391 144,246
215,113 256,507

There is a debenture charge dated 19 December 2008 registered at Companies House, in favour of Lloyds TSB Bank Plc, which secures all monies due or to become due from the Company to Lloyds TSB Plc in relation to the bank's overdraft.

There is a mortgage charge dated 14 January 2009 registered at Companies House in favour of Lloyds TSB Bank Plc, this mortgage also secures all monies due or to become due from the Company to Lloyds TSB Plc in relation to properties owned.

Hire purchase liabilities are secured against the assets to which they relate.

10. RESERVES
Retained
earnings
£   

At 1 December 2023 84,157
Profit for the year 141,694
Dividends (109,200 )
At 30 November 2024 116,651

11. RELATED PARTY DISCLOSURES

The directors of the company have provided a guarantee regarding the bank overdraft and mortgage.

12. ULTIMATE CONTROLLING PARTY

There is no overall controlling party.