IRIS Accounts Production v25.1.3.33 08732694 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false 142619 273091 105024 273091 37595 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh087326942023-10-31087326942024-10-31087326942023-11-012024-10-31087326942022-10-31087326942022-11-012023-10-31087326942023-10-3108732694ns15:EnglandWales2023-11-012024-10-3108732694ns14:PoundSterling2023-11-012024-10-3108732694ns10:Director12023-11-012024-10-3108732694ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3108732694ns10:SmallEntities2023-11-012024-10-3108732694ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3108732694ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3108732694ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3108732694ns10:FullAccounts2023-11-012024-10-3108732694ns10:Director2422023-11-012024-10-3108732694ns10:Director2422022-11-012023-10-3108732694ns10:Director2422024-10-3108732694ns10:Director22023-11-012024-10-3108732694ns10:RegisteredOffice2023-11-012024-10-3108732694ns5:CurrentFinancialInstruments2024-10-3108732694ns5:CurrentFinancialInstruments2023-10-3108732694ns5:Non-currentFinancialInstruments2024-10-3108732694ns5:Non-currentFinancialInstruments2023-10-3108732694ns5:ShareCapital2024-10-3108732694ns5:ShareCapital2023-10-3108732694ns5:RetainedEarningsAccumulatedLosses2024-10-3108732694ns5:RetainedEarningsAccumulatedLosses2023-10-3108732694ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-11-012024-10-3108732694ns5:FurnitureFittings2023-11-012024-10-3108732694ns5:MotorVehicles2023-11-012024-10-3108732694ns5:ComputerEquipment2023-11-012024-10-3108732694ns5:LandBuildings2023-10-3108732694ns5:FurnitureFittings2023-10-3108732694ns5:MotorVehicles2023-10-3108732694ns5:ComputerEquipment2023-10-3108732694ns5:LandBuildings2023-11-012024-10-3108732694ns5:LandBuildings2024-10-3108732694ns5:FurnitureFittings2024-10-3108732694ns5:MotorVehicles2024-10-3108732694ns5:ComputerEquipment2024-10-3108732694ns5:LandBuildings2023-10-3108732694ns5:FurnitureFittings2023-10-3108732694ns5:MotorVehicles2023-10-3108732694ns5:ComputerEquipment2023-10-3108732694ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3108732694ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3108732694ns5:DeferredTaxation2023-10-3108732694ns5:DeferredTaxation2023-11-012024-10-3108732694ns5:DeferredTaxation2024-10-31087326941ns10:Director12023-10-31087326941ns10:Director12022-10-31087326941ns10:Director12023-11-012024-10-31087326941ns10:Director12022-11-012023-10-31087326941ns10:Director12024-10-31087326941ns10:Director12023-10-31
REGISTERED NUMBER: 08732694 (England and Wales)















Taylor-Miller Limited

Unaudited Financial Statements

for the Year Ended 31 October 2024






Taylor-Miller Limited (Registered number: 08732694)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Taylor-Miller Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: S Taylor-Miller
J R R Taylor-Miller





REGISTERED OFFICE: Suite 2d, Building 1
Eastern Business Park
Wern Fawr Lane
St Mellons
Cardiff
CF3 5EA





REGISTERED NUMBER: 08732694 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
Accountants & Business Advisors
Suite 2d,
Building 1 Eastern Business Park
St Mellons
Cardiff
CF3 5EA

Taylor-Miller Limited (Registered number: 08732694)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 101,145 88,536

CURRENT ASSETS
Debtors 5 38,595 33,400
Cash at bank 26,172 70,390
64,767 103,790
CREDITORS
Amounts falling due within one year 6 69,877 79,486
NET CURRENT (LIABILITIES)/ASSETS (5,110 ) 24,304
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,035

112,840

CREDITORS
Amounts falling due after more than one year 7 (89,054 ) (72,753 )

PROVISIONS FOR LIABILITIES 9 (3,364 ) (12,283 )
NET ASSETS 3,617 27,804

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,517 27,704
3,617 27,804

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2025 and were signed on its behalf by:





J R R Taylor-Miller - Director


Taylor-Miller Limited (Registered number: 08732694)

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

1. STATUTORY INFORMATION

Taylor-Miller 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. 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.
Freehold property - 10% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 30% on cost

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Taylor-Miller Limited (Registered number: 08732694)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 12,768 13,046 104,742 8,048 138,604
Additions - - 37,975 249 38,224
Disposals - - (19,960 ) - (19,960 )
At 31 October 2024 12,768 13,046 122,757 8,297 156,868
DEPRECIATION
At 1 November 2023 2,554 4,630 36,074 6,810 50,068
Charge for year 1,276 1,683 20,949 1,122 25,030
Eliminated on disposal - - (19,375 ) - (19,375 )
At 31 October 2024 3,830 6,313 37,648 7,932 55,723
NET BOOK VALUE
At 31 October 2024 8,938 6,733 85,109 365 101,145
At 31 October 2023 10,214 8,416 68,668 1,238 88,536

The NBV of assets held under hire purchase as at the balance sheet date is £81,769 (2023: £58,392).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors - 32,400
Other debtors 38,595 1,000
38,595 33,400

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 5,900 5,717
Hire purchase contracts 17,759 17,211
Trade creditors 6,768 -
Taxation and social security 35,034 48,696
Other creditors 4,416 7,862
69,877 79,486

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 26,463 32,226
Hire purchase contracts 62,591 40,527
89,054 72,753

Taylor-Miller Limited (Registered number: 08732694)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Hire purchase contracts 80,350 -

9. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 3,364 12,283

Deferred
tax
£   
Balance at 1 November 2023 12,283
Credit to Income Statement during year (8,919 )
Balance at 31 October 2024 3,364

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
J R R Taylor-Miller and S Taylor-Miller
Balance outstanding at start of year - -
Amounts advanced 142,619 273,091
Amounts repaid (105,024 ) (273,091 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 37,595 -

The balance is repayable on demand and will be repaid within 9 months of year end.