Caseware UK (AP4) 2024.0.164 2024.0.164 2025-04-30 2025-04-30 2024-05-01 false design and manufacture of bespoke furniture and kitchens.5 5 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03284062 2024-05-01 2025-04-30 03284062 2023-05-01 2024-04-30 03284062 2025-04-30 03284062 2024-04-30 03284062 c:Director1 2024-05-01 2025-04-30 03284062 d:OtherPropertyPlantEquipment 2024-05-01 2025-04-30 03284062 d:OtherPropertyPlantEquipment 2025-04-30 03284062 d:OtherPropertyPlantEquipment 2024-04-30 03284062 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 03284062 d:CurrentFinancialInstruments 2025-04-30 03284062 d:CurrentFinancialInstruments 2024-04-30 03284062 d:CurrentFinancialInstruments 1 2025-04-30 03284062 d:CurrentFinancialInstruments 1 2024-04-30 03284062 d:CurrentFinancialInstruments d:WithinOneYear 2025-04-30 03284062 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 03284062 d:ShareCapital 2025-04-30 03284062 d:ShareCapital 2024-04-30 03284062 d:RetainedEarningsAccumulatedLosses 2025-04-30 03284062 d:RetainedEarningsAccumulatedLosses 2024-04-30 03284062 c:OrdinaryShareClass1 2024-05-01 2025-04-30 03284062 c:OrdinaryShareClass1 2025-04-30 03284062 c:FRS102 2024-05-01 2025-04-30 03284062 c:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 03284062 c:FullAccounts 2024-05-01 2025-04-30 03284062 c:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 03284062 d:WithinOneYear 2025-04-30 03284062 d:WithinOneYear 2024-04-30 03284062 d:BetweenOneFiveYears 2025-04-30 03284062 d:BetweenOneFiveYears 2024-04-30 03284062 2 2024-05-01 2025-04-30 03284062 f:PoundSterling 2024-05-01 2025-04-30 03284062 d:EntityControlledByKeyManagementPersonnel1 2024-05-01 2025-04-30 03284062 d:EntityControlledByKeyManagementPersonnel1 2025-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03284062 MARK TAYLOR DESIGN LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 30 APRIL 2025
MARK TAYLOR DESIGN LIMITED REGISTERED NUMBER: 03284062 STATEMENT OF FINANCIAL POSITION AS AT 30 APRIL 2025
|  | 2025 |  | 2024
Note | £ | £ | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 111,386 |  | 140,881
Current assets |  |  |  |  |
Stocks | 5 | 10,984 |  | 11,688 |
Debtors: amounts falling due within one year | 6 | 12,280 |  | 39,876 |
Cash at bank and in hand | 7 | 1,066 |  | 427 |
|  | 24,330 |  | 51,991 |
Creditors: amounts falling due within one year | 8 | (272,323) |  | (263,855) |
Net current liabilities |  |  | (247,993) |  | (211,864)
Net liabilities |  |  | (136,607) |  | (70,983)
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 100 |  | 100
Profit and loss account |  |  | (136,707) |  | (71,083)
|  |  | (136,607) |  | (70,983)
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MARK TAYLOR DESIGN LIMITED REGISTERED NUMBER: 03284062 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 30 APRIL 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 September 2025.
M R V Taylor
Director
The notes on pages 3 to 9 form part of these financial statements. Page 2
MARK TAYLOR DESIGN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
1. | General information
Mark Taylor Design Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 3 Brook Business Centre, Cowley Mill Road, Uxbridge, Middlesex, UB8 2FX. The company specialises in design and manufacture of bespoke furniture and kitchens. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Going concern
The financial statements are prepared on a going concern basis, despite the Statement of financial position showing net liabilities totalling £136,607 (2024 - £70,983), based on the support of its shareholder which amounts to £143,947 (2024 - £181,383) for the foreseeable future to enable the company to meet its liabilities as they become due. The company is extensively targetting new customers in order to drive new sales and future profitability and, on this basis, believe that the going concern basis is appropriate.
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; Page 3
MARK TAYLOR DESIGN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.Accounting policies (continued)
| 2.3 | Revenue (continued)
∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.4 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight-line basis over the lease term.
| 2.5 | Interest income
Interest income is recognised in the Statement of comprehensive income using the effective interest method.
| 2.6 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds. Page 4
MARK TAYLOR DESIGN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.Accounting policies (continued)
| 2.7 | Taxation
Tax is recognised in the Statement of comprehensive income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.8 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Other fixed assets | - | 25% reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income. Page 5
MARK TAYLOR DESIGN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.Accounting policies (continued)
| 2.9 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of comprehensive income.
| 2.10 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.11 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.12 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. | Employees
The average monthly number of employees, including directors, during the year was 5 (2024 - 5). Page 6
MARK TAYLOR DESIGN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
4. | Tangible fixed assets
|  | Other fixed assets
|  | £
| Cost |
| At 1 May 2024 | 166,204
| Additions | 937
| At 30 April 2025 | 167,141
| Depreciation |
| At 1 May 2024 | 25,323
| Charge for the year | 30,432
| At 30 April 2025 | 55,755
| Net book value |
| At 30 April 2025 | 111,386
| At 30 April 2024 | 140,881
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MARK TAYLOR DESIGN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
5. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Finished goods and goods for resale | 10,984 | 11,688
|  | 10,984 | 11,688
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 3,443 | 27,387
| Prepayments and accrued income | 8,837 | 12,489
|  | 12,280 | 39,876
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 1,066 | 427
|  | 1,066 | 427
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 69,796 | 38,840
| Other taxation and social security | 2,159 | 11,019
| Deferred income | 56,068 | 32,260
| Other creditors | 144,300 | 181,736
|  | 272,323 | 263,855
Page 8
MARK TAYLOR DESIGN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
9. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 Ordinary shares of £1 each | 100 | 100
10. | Pension commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,901 (2024 - £1,781). Total contribution payable at the year end was £353 (2024 - £353).
11. | Commitments under operating leases
| At 30 April 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 6,785 | 6,785
| Later than 1 year and not later than 5 years | 15,156 | 21,941
|  | 21,941 | 28,726
12. | Related party transactions
| Included within other creditors is an amount of £143,947 (2024 - £181,383) due to the directors. No interest is accruing or payable on this loan. During the year, the directors repaid loans of £103,985 (2024 - £344,841) and received loans of £141,421 (2024 - £218,132).
13. | Controlling party
M R V Taylor, a director of the company, is the controlling party.
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