IRIS Accounts Production v25.1.4.42 03319595 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh033195952023-12-31033195952024-12-31033195952024-01-012024-12-31033195952022-12-31033195952023-01-012023-12-31033195952023-12-3103319595ns15:EnglandWales2024-01-012024-12-3103319595ns14:PoundSterling2024-01-012024-12-3103319595ns10:Director12024-01-012024-12-3103319595ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3103319595ns10:SmallEntities2024-01-012024-12-3103319595ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3103319595ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3103319595ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3103319595ns10:FullAccounts2024-01-012024-12-3103319595ns10:Director22024-01-012024-12-3103319595ns10:Director32024-01-012024-12-3103319595ns10:Director42024-01-012024-12-3103319595ns10:Director52024-01-012024-12-3103319595ns10:Director62024-01-012024-12-3103319595ns10:CompanySecretary12024-01-012024-12-3103319595ns10:RegisteredOffice2024-01-012024-12-3103319595ns5:CurrentFinancialInstruments2024-12-3103319595ns5:CurrentFinancialInstruments2023-12-3103319595ns5:Non-currentFinancialInstruments2024-12-3103319595ns5:Non-currentFinancialInstruments2023-12-3103319595ns5:ShareCapital2024-12-3103319595ns5:ShareCapital2023-12-3103319595ns5:RetainedEarningsAccumulatedLosses2024-12-3103319595ns5:RetainedEarningsAccumulatedLosses2023-12-3103319595ns5:PlantMachinery2024-01-012024-12-3103319595ns5:MotorVehicles2024-01-012024-12-3103319595ns5:PlantMachinery2023-12-3103319595ns5:MotorVehicles2023-12-3103319595ns5:PlantMachinery2024-12-3103319595ns5:MotorVehicles2024-12-3103319595ns5:PlantMachinery2023-12-3103319595ns5:MotorVehicles2023-12-3103319595ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3103319595ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3103319595ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-12-3103319595ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-12-3103319595ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-12-3103319595ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-12-3103319595ns5:HirePurchaseContracts2024-12-3103319595ns5:HirePurchaseContracts2023-12-3103319595ns5:Secured2024-12-3103319595ns5:Secured2023-12-31
REGISTERED NUMBER: 03319595 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

A.J. TAYLOR ELECTRICAL CONTRACTORS LTD

A.J. TAYLOR ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 03319595)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.J. TAYLOR ELECTRICAL CONTRACTORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: A J Taylor
Mrs P L Taylor
Ms V Brown
L P Crossley
A G Tristram
A J Wood





SECRETARY: Mrs P L Taylor





REGISTERED OFFICE: Parkers
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ





REGISTERED NUMBER: 03319595 (England and Wales)





ACCOUNTANTS: Parkers
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ

A.J. TAYLOR ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 03319595)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 201,502 239,144

CURRENT ASSETS
Debtors 5 702,030 1,040,814
Cash at bank 291,236 10,500
993,266 1,051,314
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

921,999

1,012,739
NET CURRENT ASSETS 71,267 38,575
TOTAL ASSETS LESS CURRENT
LIABILITIES

272,769

277,719

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

7

(17,951

)

(48,354

)

PROVISIONS FOR LIABILITIES (47,096 ) (55,779 )
NET ASSETS 207,722 173,586

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 207,622 173,486
SHAREHOLDERS' FUNDS 207,722 173,586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

A.J. TAYLOR ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 03319595)

BALANCE SHEET - continued
31ST DECEMBER 2024


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 19th August 2025 and were signed on its behalf by:





A J Taylor - Director


A.J. TAYLOR ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 03319595)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

A.J. Taylor Electrical Contractors Ltd 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.

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.

Significant judgements and estimates
No significant judgements have had to be made by the directors in preparing these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,value added tax and other sales taxes.

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as the proportion of total contract value completed to date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 33% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

Basic financial liabilities, including bank loans, and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is
measured at the present value of the future payments discounted at a market rate of interest.

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.


A.J. TAYLOR ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 03319595)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Long term contracts
Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.

Government grants
Government grants represent monies received for electric vehicle plugin installations, and funding for
apprenticeship training. Both are included in the profit and loss as other operating income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 63 (2023 - 65 ) .

A.J. TAYLOR ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 03319595)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st January 2024 3,501 549,713 553,214
Additions - 30,640 30,640
Disposals - (7,100 ) (7,100 )
At 31st December 2024 3,501 573,253 576,754
DEPRECIATION
At 1st January 2024 1,930 312,140 314,070
Charge for year 518 66,816 67,334
Eliminated on disposal - (6,152 ) (6,152 )
At 31st December 2024 2,448 372,804 375,252
NET BOOK VALUE
At 31st December 2024 1,053 200,449 201,502
At 31st December 2023 1,571 237,573 239,144

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 189,401 606,122
Amounts recoverable on contract 460,494 382,299
Other debtors 52,135 52,393
702,030 1,040,814

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 135,977 127,251
Hire purchase contracts (see note 8) 24,678 46,332
Trade creditors 380,246 534,640
Taxation and social security 288,655 222,548
Other creditors 92,443 81,968
921,999 1,012,739

A.J. TAYLOR ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 03319595)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 8,140 18,077
Hire purchase contracts (see note 8) 9,811 30,277
17,951 48,354

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 24,678 46,332
Between one and five years 9,811 30,277
34,489 76,609

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 126,040 117,820
Bank loans 18,077 27,508
144,117 145,328