REGISTERED NUMBER: 12339837 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Taylor's Boutique Cafe Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Miss E Davies

C Taylor

Miss N Taylor

REGISTERED OFFICE:

6 London Street

London Street

Bath

Bath & NE Somerset

BA1 5BU

REGISTERED NUMBER:

12339837 (England and Wales)

FIXED ASSETS

Intangible assets

4

2,189

3,411

Tangible assets

5

83,237

48,443

85,426

51,854

CURRENT ASSETS

Stocks

6,000

2,000

Debtors

6

17,346

5,451

Cash at bank

169,524

60,895

192,870

68,346

CREDITORS

Amounts falling due within one year

7

161,158

70,464

NET CURRENT ASSETS/(LIABILITIES)

31,712

(2,118

)

TOTAL ASSETS LESS CURRENT LIABILITIES

117,138

49,736

PROVISIONS FOR LIABILITIES

12,706

12,170

NET ASSETS

104,432

37,566

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

104,332

37,466

104,432

37,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 6 August 2025 and were signed on its behalf by:

C Taylor - Director

1.	STATUTORY INFORMATION

Taylor's Boutique Cafe 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.

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.

Functional and presentation currency

The Companies' functional and presentation currency is 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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

-

25% on reducing balance

Fixtures and fittings

-

20% on straight line basis

Computer equipment

-

33% on straight line basis

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Repairs and maintenance are expensed as incurred.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

£

£

COST

At 1 December 2023

and 30 November 2024

8,000

220

8,220

AMORTISATION

At 1 December 2023

4,800

9

4,809

Amortisation for year

1,200

22

1,222

At 30 November 2024

6,000

31

6,031

NET BOOK VALUE

At 30 November 2024

2,000

189

2,189

At 30 November 2023

3,200

211

3,411

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 December 2023

1,835

53,903

-

2,288

58,026

Additions

23,310

19,905

7,426

2,003

52,644

At 30 November 2024

25,145

73,808

7,426

4,291

110,670

DEPRECIATION

At 1 December 2023

194

9,218

-

171

9,583

Charge for year

2,276

13,766

820

988

17,850

At 30 November 2024

2,470

22,984

820

1,159

27,433

NET BOOK VALUE

At 30 November 2024

22,675

50,824

6,606

3,132

83,237

At 30 November 2023

1,641

44,685

-

2,117

48,443

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

225

Other debtors

17,346

5,226

17,346

5,451

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

8,816

5,420

Tax

38,000

14,927

Social security and other taxes

7,911

488

VAT

36,777

12,647

Other creditors

932

72

Directors' current accounts

42,287

18,345

Accruals and deferred income

26,435

18,565

161,158

70,464

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

34,400

12,600

Between one and five years

32,517

11,250

66,917

23,850