| Taylor's Joinery (UK) Limited |
| Registered number: |
08966657 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| Restated |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
657,854 |
|
|
670,682 |
|
| Current assets |
| Stocks |
|
|
30,000 |
|
|
30,000 |
| Debtors |
5 |
|
81,486 |
|
|
22,360 |
| Cash at bank and in hand |
|
|
25 |
|
|
- |
|
|
|
111,511 |
|
|
52,360 |
|
| Creditors: amounts falling due within one year |
6 |
|
(133,632) |
|
|
(156,462) |
|
| Net current liabilities |
|
|
|
(22,121) |
|
|
(104,102) |
|
| Total assets less current liabilities |
|
|
|
635,733 |
|
|
566,580 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(284,190) |
|
|
(246,844) |
|
| Provisions for liabilities |
|
|
|
(71,505) |
|
|
(70,394) |
|
|
| Net assets |
|
|
|
280,038 |
|
|
249,342 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
101 |
|
|
101 |
| Profit and loss account |
|
|
|
279,937 |
|
|
249,241 |
|
| Shareholders' funds |
|
|
|
280,038 |
|
|
249,342 |
|
|
|
|
|
|
|
|
| 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 members have 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. |
|
|
|
|
| James Taylor |
| Director |
| Approved by the board on 11 September 2025 |
|
| Taylor's Joinery (UK) Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 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, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
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: |
|
|
Plant and machinery |
10% RB |
|
Computer Equipment |
25% RB |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Deferred taxation |
|
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
4 |
|
4 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 April 2024 |
100,000 |
|
At 31 March 2025 |
100,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2024 |
100,000 |
|
At 31 March 2025 |
100,000 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
- |
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
540,000 |
|
130,000 |
|
1,324 |
|
671,324 |
|
Additions |
- |
|
380 |
|
- |
|
380 |
|
At 31 March 2025 |
540,000 |
|
130,380 |
|
1,324 |
|
671,704 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
- |
|
- |
|
642 |
|
642 |
|
Charge for the year |
- |
|
13,038 |
|
170 |
|
13,208 |
|
At 31 March 2025 |
- |
|
13,038 |
|
812 |
|
13,850 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
540,000 |
|
117,342 |
|
512 |
|
657,854 |
|
At 31 March 2024 |
540,000 |
|
130,000 |
|
682 |
|
670,682 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2025 |
|
2024 |
| £ |
£ |
|
Carrying amount of land and buildings on cost basis |
281,000 |
|
281,000 |
|
Carrying amount of plant and machinery on cost basis |
18,504 |
|
18,504 |
|
|
|
|
|
|
262,496 |
|
262,496 |
|
Assets were revalued in the year to 31st March 2024 by the directors based on their estimate of market value |
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
4,157 |
|
2,234 |
|
Accrued income and prepayments |
|
50,023 |
|
20,023 |
|
Other debtors |
27,306 |
|
103 |
|
|
|
|
|
|
81,486 |
|
22,360 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| Restated |
| £ |
£ |
|
|
Bank loans and overdrafts |
73,086 |
|
75,879 |
|
VAT |
8,746 |
|
16,338 |
|
Trade creditors |
1,544 |
|
709 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
35,872 |
|
5,883 |
|
Taxation and social security costs |
14,384 |
|
6,305 |
|
Deferred income |
- |
|
51,348 |
|
|
|
|
|
|
133,632 |
|
156,462 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
284,190 |
|
246,844 |
|
|
|
|
|
|
|
|
|
|
Aggregate of amounts that fall due for payment after five years |
|
209,344 |
|
209,344 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
|
Director |
102 |
|
53,864 |
|
(33,551) |
|
20,415 |
|
|
|
102 |
|
53,864 |
|
(33,551) |
|
20,415 |
|
|
|
|
|
|
|
|
|
|
Interet charged on balance over £10k at 2.25% |
|
| 9 |
Other information |
|
|
Taylor's Joinery (UK) Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Orchard House |
|
Clyst st Mary |
|
Exeter |
|
Devon |
|
EX5 1BR |