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COMPANY REGISTRATION NUMBER: 13686335
DR CAROLINE TAYLOR LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 October 2024
DR CAROLINE TAYLOR LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2024
CONTENTS
PAGE
Statement of financial position
1
Notes to the financial statements
3
DR CAROLINE TAYLOR LIMITED
STATEMENT OF FINANCIAL POSITION
31 October 2024
2024
2023
Note
£
£
£
FIXED ASSETS
Tangible assets
5
1,160
CURRENT ASSETS
Debtors
6
78,689
98,000
Cash at bank and in hand
107,520
8,590
-----------
-----------
186,209
106,590
CREDITORS: amounts falling due within one year
7
28,965
17,400
-----------
-----------
NET CURRENT ASSETS
157,244
89,190
-----------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
158,404
89,190
-----------
---------
NET ASSETS
158,404
89,190
-----------
---------
DR CAROLINE TAYLOR LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 October 2024
2024
2023
Note
£
£
£
CAPITAL AND RESERVES
Called up share capital
8
100
100
Profit and loss account
158,304
89,090
-----------
---------
SHAREHOLDERS FUNDS
158,404
89,190
-----------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 24 July 2025 , and are signed on behalf of the board by:
Dr C Taylor
Director
Company registration number: 13686335
DR CAROLINE TAYLOR LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Equitable House, 55 Pellon Lane, Halifax, HX1 5SP, West Yorkshire.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Current tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
20% straight line
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
4. DIVIDENDS
2024
2023
£
£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )
19,000
21,875
---------
---------
5. TANGIBLE ASSETS
Equipment
£
Cost
At 1 November 2023
Additions
1,450
--------
At 31 October 2024
1,450
--------
Depreciation
At 1 November 2023
Charge for the year
290
--------
At 31 October 2024
290
--------
Carrying amount
At 31 October 2024
1,160
--------
At 31 October 2023
--------
6. DEBTORS
2024
2023
£
£
Trade debtors
14,000
8,000
Prepayments and accrued income
228
Director's loan account
64,451
90,000
Other debtors
10
---------
---------
78,689
98,000
---------
---------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
2,250
2,176
Corporation tax
26,715
15,224
---------
---------
28,965
17,400
---------
---------
8. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
-----
-----
-----
-----
9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
During the year the director entered into the following advances and credits with the company:
Balance brought forward and outstanding
2024
2023
£
£
Dr C Taylor
64,451
90,000
---------
---------
The director's loan account is overdrawn at the year end by £64,451. The maximum it was overdrawn during the year was £90,000. The loan was fully repaid following the year end and interest has been charged.