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Registered Number: 15581620
England and Wales

 

 

 

TAYLOR ELECTRICAL SW LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 21 March 2024

End date: 31 March 2025
Director Joshua David TAYLOR
Registered Number 15581620
Registered Office 26 GRANITE WAY
LISKEARD
CORNWALL
PL14 6FS
1
 
 
Notes
 
2025
£
Turnover 214,789 
Cost of sales (145,074)
Gross profit 69,715 
Administrative expenses (29,656)
Operating profit 40,059 
Profit/(Loss) on ordinary activities before taxation 40,059 
Tax on profit on ordinary activities (8,507)
Profit/(Loss) for the financial period 31,552 
 
2
 
 
Notes
 
2025
£
Fixed assets    
Tangible fixed assets 3 13,402 
13,402 
Current assets    
Stocks 4 17,800 
Debtors 5 17,671 
Cash at bank and in hand 4,172 
39,643 
Creditors: amount falling due within one year 6 (50,498)
Net current assets (10,855)
 
Total assets less current liabilities 2,547 
Provisions for liabilities 7 (2,546)
Net assets 1 
 

Capital and reserves
   
Called up share capital 8 1 
Profit and loss account
Shareholders' funds 1 
 


For the period ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 13 May 2025 and were signed by:


-------------------------------
Joshua David TAYLOR
Director
3
General Information
TAYLOR ELECTRICAL SW LTD is a private company, limited by shares, registered in England and Wales, registration number 15581620, registration address 26 GRANITE WAY, LISKEARD, CORNWALL, PL14 6FS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value.
Turnover
Turnover represents net invoiced sales or service, excluding value added tax. Turnover is recognised when the company obtains the right to consideration.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Work in progress
Work in Progress is recognised when services or contract work have been performed but not yet billed at the balance sheet date. It is measured at the lower of cost and net realisable value.
Profit is not recognised on uncompleted work unless the outcome of the contract can be reliably estimated. Where the outcome cannot be reliably estimated, revenue is recognised only to the extent that costs are recoverable, and losses are recognised immediately.
2.

Average number of employees

Average number of employees during the period was 3.
3.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 21 March 2024  
Additions 17,847    17,847 
Disposals  
At 31 March 2025 17,847    17,847 
Depreciation
At 21 March 2024  
Charge for period 4,445    4,445 
On disposals  
At 31 March 2025 4,445    4,445 
Net book values
Closing balance as at 31 March 2025 13,402    13,402 
Opening balance as at 21 March 2024  


4.

Stocks

2025
£
Work in Progress 17,800 
17,800 

5.

Debtors: amounts falling due within one year

2025
£
Trade Debtors 12,929 
Other Debtors 4,742 
17,671 

6.

Creditors: amount falling due within one year

2025
£
Trade Creditors 20,862 
Taxation and Social Security 8,917 
Other Creditors 20,719 
50,498 

7.

Provisions for liabilities

2025
£
Deferred Tax 2,546 
2,546 

8.

Share Capital

Allotted, called up and fully paid
2025
£
1 Class A share of £1.00 each

9.

Director’s loan

Director's loan account

At the balance sheet date, the director owed the company £5,753 (2024: £nil). The amount is interest-free, unsecured, and repayable on demand.
4