Taylor Rushby Limited - Filleted accounts

Registered number

07160667

Taylor Rushby Limited

Filleted Accounts

31 December 2024

Taylor Rushby Limited
Registered number:		07160667
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		4,382			1,840

Current assets
Debtors	4	266,171			378,769
Cash at bank and in hand		37,457			34,166
		303,628			412,935

Creditors: amounts falling due within one year	5	(247,671)			(214,509)

Net current assets			55,957			198,426

Net assets			60,339			200,266

Capital and reserves
Called up share capital			100			100
Profit and loss account			60,239			200,166

Shareholder's funds			60,339			200,266

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




N E Taylor
Director
Approved by the board on 24 July 2025

Taylor Rushby Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Office equipment	25% per annum
	Fixtures and fittings	20% per annum

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		6		6


3	Tangible fixed assets
					Fixtures, fittings and equipment
£
	Cost
	At 1 January 2024				10,582
	Additions				2,970
	At 31 December 2024				13,552

	Depreciation
	At 1 January 2024				8,742
	Charge for the year				428
	At 31 December 2024				9,170

	Net book value
	At 31 December 2024				4,382
	At 31 December 2023				1,840


4	Debtors		2024		2023
£				£

	Trade debtors		85,112		137,506
	Other debtors		181,059		241,263
			266,171		378,769


5	Creditors: amounts falling due within one year		2024		2023
£				£

	Trade creditors		695		666
	Taxation and social security costs		30,467		42,628
	Director's current account		210,667		169,009
	Other creditors		5,842		2,206
			247,671		214,509


6	Other financial commitments		2024		2023
£				£

	Total future minimum payments under non-cancellable operating leases		33,000		46,200


7	Other information

	Taylor Rushby Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
	The Coach House
	Headgate
	Colchester
	Essex
	CO3 3BT