Registered number
02940892
E. A. Tailby Components Limited
Filleted Accounts
31 March 2025
E. A. Tailby Components Limited
Registered number: 02940892
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 239,524 255,666
Current assets
Stocks 152,144 189,491
Debtors 4 98,293 152,738
Cash at bank and in hand 108,651 126,701
359,088 468,930
Creditors: amounts falling due within one year 5 (97,380) (199,072)
Net current assets 261,708 269,858
Total assets less current liabilities 501,232 525,524
Creditors: amounts falling due after more than one year 6 - (1,565)
Net assets 501,232 523,959
Capital and reserves
Called up share capital 2 2
Profit and loss account 501,230 523,957
Shareholder's funds 501,232 523,959
The directors are 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 directors acknowledge their 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.
S M Tailby
Director
Approved by the board on 28 April 2025
E. A. Tailby Components Limited
Notes to the Accounts
for the year ended 31 March 2025
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, net of discounts and value added taxes. 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. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant, machinery and office equipment 10% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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 net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 13 13
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 711,694
Additions 11,407
At 31 March 2025 723,101
Depreciation
At 1 April 2024 456,028
Charge for the year 27,549
At 31 March 2025 483,577
Net book value
At 31 March 2025 239,524
At 31 March 2024 255,666
4 Debtors 2025 2024
£ £
Trade debtors 90,711 147,426
Other debtors 7,582 5,312
98,293 152,738
5 Creditors: amounts falling due within one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 732 10,000
Trade creditors 19,360 88,480
Amounts owed to group undertakings and undertakings in which the company has a participating interest 63,378 63,378
Taxation and social security costs 2,655 29,525
Other creditors 11,255 7,689
97,380 199,072
6 Creditors: amounts falling due after one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts - 1,565
7 Related party transactions
E.A Tailby Ltd
Parent company
Rental chagres from related party 25,200 25,200
Equipment hire from related party - -
Inter company balance due to related party 63,378 63,378
8 Controlling party
The controlling party are the directors' who own the parent company E.A. Tailby Ltd.
9 Other information
E. A. Tailby Components Limited is a private company limited by shares and incorporated in England. Its registered office is:
Bath Road
Kettering
Northants
NN16 8NL
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