Pollock Taylor Ltd 31/12/2024 iXBRL

Company registration number: 06444986

Pollock Taylor Ltd

Unaudited filleted financial statements

31 December 2024

Pollock Taylor Ltd

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Pollock Taylor Ltd

Directors and other information


	Director	M Mead


	Secretary	J Pollock


	Company number	06444986


	Registered office	Unit 6-7 Thurrock Commercial Park
		Juliette Way
		Purfleet
		Essex
		RM15 4YA

Pollock Taylor Ltd

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Intangible assets	5	216,000		240,000
Tangible assets	6	56,856		66,889
		_______		_______
			272,856		306,889

Current assets
Debtors	7	251,971		169,824
Cash at bank and in hand		29,180		60,144
		_______		_______
		281,151		229,968
Creditors: amounts falling due
within one year	8	( 113,243)		( 89,827)
		_______		_______
Net current assets			167,908		140,141
			_______		_______
Total assets less current liabilities			440,764		447,030

Creditors: amounts falling due
after more than one year	9		( 45,021)		( 65,108)

Provisions for liabilities			( 10,644)		( 12,515)

			_______		_______
Net assets			385,099		369,407
			_______		_______

Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			384,099		368,407
			_______		_______
Shareholders funds			385,099		369,407
			_______		_______

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 27 August 2025 , and are signed on behalf of the board by:

M Mead

Director

Company registration number: 06444986

Pollock Taylor Ltd

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Unit 6-7 Thurrock Commercial Park, Juliette Way, Purfleet, Essex, RM15 4YA.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	equal annual installments over its estimated life of 20 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	15 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2023: 5 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 January 2024 and 31 December 2024	480,000	480,000
	_______	_______
Amortisation
At 1 January 2024	240,000	240,000
Charge for the year	24,000	24,000
	_______	_______
At 31 December 2024	264,000	264,000
	_______	_______
Carrying amount
At 31 December 2024	216,000	216,000
	_______	_______
At 31 December 2023	240,000	240,000
	_______	_______

6. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 January 2024 and 31 December 2024	42,713	67,003	109,716
	_______	_______	_______
Depreciation
At 1 January 2024	32,776	10,051	42,827
Charge for the year	1,490	8,543	10,033
	_______	_______	_______
At 31 December 2024	34,266	18,594	52,860
	_______	_______	_______
Carrying amount
At 31 December 2024	8,447	48,409	56,856
	_______	_______	_______
At 31 December 2023	9,937	56,952	66,889
	_______	_______	_______

7. Debtors

	2024	2023
	£	£
Trade debtors	244,734	164,545
Other debtors	7,237	5,279
	_______	_______
	251,971	169,824
	_______	_______

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	15,935	10,648
Trade creditors	14,365	9,441
Corporation tax	33,670	16,506
Social security and other taxes	38,672	38,435
Other creditors	10,601	14,797
	_______	_______
	113,243	89,827
	_______	_______

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	4,164	14,302
Other creditors	40,857	50,806
	_______	_______
	45,021	65,108
	_______	_______