E.W. Taylor & Company (Forwarding) Limit - Accounts to registrar (filleted)

REGISTERED NUMBER: 00665110 (England and Wales)

E.W. TAYLOR & COMPANY (FORWARDING)

LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Ashworth

L Russell-Smith

A Russell-Smith

S Russell-Smith

REGISTERED OFFICE:

Dunbar House Wentworth Court

Castle Road

Eurolink Industrial Estate

Sittingbourne

Kent

ME10 3RN

REGISTERED NUMBER:

00665110 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

King Arthur's Court

Maidstone Road

Charing

Kent

TN27 0JS

FIXED ASSETS

Tangible assets

4

17,200

14,865

CURRENT ASSETS

Debtors

5

357,841

444,187

Cash at bank

186,639

133,425

544,480

577,612

CREDITORS

Amounts falling due within one year

6

(202,084

)

(227,670

)

NET CURRENT ASSETS

342,396

349,942

TOTAL ASSETS LESS CURRENT
LIABILITIES

359,596

364,807

CAPITAL AND RESERVES

Called up share capital

22,651

Revaluation reserve

7

22,346

Capital redemption reserve

8,500

Retained earnings

306,099

311,310

359,596

364,807

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

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

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 5 September 2025 and were signed on its behalf by:

S Russell-Smith - Director

1.	STATUTORY INFORMATION

E.W. Taylor & Company (Forwarding) 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 January 2024

373,415

75,701

449,116

Additions

1,607

7,590

9,197

At 31 December 2024

375,022

83,291

458,313

DEPRECIATION

At 1 January 2024

359,215

75,036

434,251

Charge for year

6,070

792

6,862

At 31 December 2024

365,285

75,828

441,113

NET BOOK VALUE

At 31 December 2024

9,737

7,463

17,200

At 31 December 2023

14,200

665

14,865

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

170,300

232,394

Inter Company - Dunbar Wharf

-

500

Sundry debtors

139,523

109,296

Debtors - Other < 1 yr

(5,757

)

(3,120

)

Directors' current accounts

-

413

Deferred tax asset

20,054

Prepayments

33,721

84,650

357,841

444,187

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Hire purchase contracts

-

767

Trade creditors

157,427

132,320

Corporation Tax

7,723

39,890

Social security and other taxes

25,549

23,490

VAT

706

11,126

Directors' current accounts

1,080

413

Accrued expenses

9,599

19,664

202,084

227,670

7.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

22,346

8.	RELATED PARTY DISCLOSURES

All transactions with related parties have been entered into under normal market conditions.

9.	ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY

The company is a wholly owned subsidiary undertaking of Dunbar Wharf Holdings Limited, a company incorporated in England & Wales. The directors consider this company to be the ultimate parent company. The company's ultimate controlling party is the Russell Smith family by virtue of their 63% interest in parent undertaking.