Taylor Produce Catering Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 14657256

		2025
	Notes	£	£
FIXED ASSETS
Intangible Assets	4		80,000
Tangible Assets	5		144,708

			224,708
CURRENT ASSETS
Debtors		215,837
Cash at bank and in hand		50,536

		266,373
Creditors: Amounts Falling Due Within One Year		(210,439 )

NET CURRENT ASSETS (LIABILITIES)			55,934

TOTAL ASSETS LESS CURRENT LIABILITIES			280,642

Creditors: Amounts Falling Due After More Than One Year			(67,772 )

NET ASSETS			212,870

CAPITAL AND RESERVES
Called up share capital	7		3
Revaluation reserve	8		171,041
Profit and Loss Account			41,826

SHAREHOLDERS' FUNDS			212,870

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Taylor Produce Catering Limited

Abridged Balance Sheet (continued)

As At 31 March 2025

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Alexander Taylor

Director

05/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Taylor Produce Catering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14657256 . The registered office is 184 Moss Lane, Hesketh Bank, Preston, PR4 6AE.

On 1st April 2024, the Company acquired the assets and all liabilities and the business of the Partnership of Raymond & Liza Taylor, trading as Taylor Produce.

This transaction was in exchange for shares in the Company: Taylor Produce Catering Limited.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. The Directors are of the opinion that this asset should have no depreciation at the present time given the recent change in business structure and will occur when the Company is sufficiently established and profitable.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	Reducing Balance on b/fwd assets @ 5%
Fixtures & Fittings	Reducing Balance @ 5%

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9

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Taylor Produce Catering Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Total
	£
Cost
As at 1 April 2024	80,000

As at 31 March 2025	80,000

Net Book Value
As at 31 March 2025	80,000

As at 1 April 2024	80,000

5. Tangible Assets

	Total
	£
Cost
As at 1 April 2024	178,772
Additions	42,000

As at 31 March 2025	220,772

Depreciation
As at 1 April 2024	70,659
Provided during the period	5,405

As at 31 March 2025	76,064

Net Book Value
As at 31 March 2025	144,708

As at 1 April 2024	108,113

6. Obligations Under Finance Leases and Hire Purchase

	2025
	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	50,190

7. Share Capital

	2025
	£
Called Up Share Capital not Paid	3

Amount of Allotted, Called Up Share Capital	3

8. Reserves

	Revaluation Reserve
	£
As at 1 April 2024	171,041

As at 31 March 2025	171,041

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