1 December 2023 false No description of principal activity Taxfiler 2024.6 09889529business:PrivateLimitedCompanyLtd2023-12-012024-11-30 098895292023-11-30 098895292023-12-012024-11-30 09889529business:AuditExemptWithAccountantsReport2023-12-012024-11-30 09889529business:FilletedAccounts2023-12-012024-11-30 098895292024-11-30 09889529business:Director12023-12-012024-11-30 09889529business:Director22023-12-012024-11-30 09889529business:RegisteredOffice2023-12-012024-11-30 098895292023-11-30 09889529core:WithinOneYear2024-11-30 09889529core:WithinOneYear2023-11-30 09889529core:AfterOneYear2024-11-30 09889529core:AfterOneYear2023-11-30 09889529core:ShareCapitalcore:PreviouslyStatedAmount2024-11-30 09889529core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 09889529core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-11-30 09889529core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 09889529core:PreviouslyStatedAmount2024-11-30 09889529core:PreviouslyStatedAmount2023-11-30 09889529business:SmallEntities2023-12-012024-11-30 09889529countries:EnglandWales2023-12-012024-11-30 09889529core:PlantMachinery2023-12-012024-11-30 09889529core:MotorVehicles2023-12-012024-11-30 09889529core:FurnitureFittings2023-12-012024-11-30 09889529core:ComputerEquipment2023-12-012024-11-30 09889529core:PlantMachinery2023-11-30 09889529core:MotorVehicles2023-11-30 09889529core:ComputerEquipment2023-11-30 09889529core:PlantMachinery2024-11-30 09889529core:MotorVehicles2024-11-30 09889529core:ComputerEquipment2024-11-30 09889529core:AfterOneYear2023-12-012024-11-30 098895292022-12-012023-11-30 iso4217:GBP xbrli:pure
Company Registration No. 09889529 (England and Wales)
Scott Taylor Flooring Limited Unaudited accounts for the year ended 30 November 2024
Scott Taylor Flooring Limited Unaudited accounts Contents
Page
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Scott Taylor Flooring Limited Company Information for the year ended 30 November 2024
Directors
Scott Minihane Stephen Taylor
Company Number
09889529 (England and Wales)
Registered Office
14 MENDOZA CLOSE HORNCHURCH ROMFORD RM11 2RP ENGLAND
Accountants
Virtual FC 11 Sussex Avenue Romford RM3 0TA
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Scott Taylor Flooring Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
33,078 
45,628 
Current assets
Inventories
20,000 
15,000 
Debtors
78,439 
96,139 
Cash at bank and in hand
45,558 
84,992 
143,997 
196,131 
Creditors: amounts falling due within one year
(79,470)
(171,805)
Net current assets
64,527 
24,326 
Total assets less current liabilities
97,605 
69,954 
Creditors: amounts falling due after more than one year
(87,684)
(34,808)
Net assets
9,921 
35,146 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
9,821 
35,046 
Shareholders' funds
9,921 
35,146 
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2025 and were signed on its behalf by
Stephen Taylor Director Company Registration No. 09889529
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Scott Taylor Flooring Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Scott Taylor Flooring Limited is a private company, limited by shares, registered in England and Wales, registration number 09889529. The registered office is 14 MENDOZA CLOSE, HORNCHURCH, ROMFORD, RM11 2RP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
20% straight line
Fixtures & fittings
20% straight line
Computer equipment
33% straight line
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Scott Taylor Flooring Limited Notes to the Accounts for the year ended 30 November 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2023
6,548 
42,923 
4,350 
53,821 
Additions
- 
(10,407)
- 
(10,407)
At 30 November 2024
6,548 
32,516 
4,350 
43,414 
Depreciation
At 1 December 2023
1,562 
3,829 
2,802 
8,193 
Charge for the year
936 
3,304 
539 
4,779 
On disposals
- 
(2,636)
- 
(2,636)
At 30 November 2024
2,498 
4,497 
3,341 
10,336 
Net book value
At 30 November 2024
4,050 
28,019 
1,009 
33,078 
At 30 November 2023
4,986 
39,094 
1,548 
45,628 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
6,791 
5,491 
Trade debtors
47,656 
86,870 
Accrued income and prepayments
3,536 
3,778 
Other debtors
20,456 
- 
78,439 
96,139 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
22,142 
10,000 
Obligations under finance leases and hire purchase contracts
3,108 
18,918 
Trade creditors
23,965 
63,344 
Taxes and social security
28,960 
40,180 
Other creditors
1,295 
39,339 
Loans from directors
- 
24 
79,470 
171,805 
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Scott Taylor Flooring Limited Notes to the Accounts for the year ended 30 November 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
76,853 
16,612 
Obligations under finance leases and hire purchase contracts
10,831 
18,196 
87,684 
34,808 
Included in creditors due after one year is a bounce back loan provided to support the company during the national lockdowns imposed by the UK Government. The loan is underwritten by the UK Government and is repayable over 6 years from June 2021. During the year the company obtained a commercial loan to provide working capital, which is secured by personal guarantees provided by the directors.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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