REGISTERED NUMBER: 02014369 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TAYLOR BIRCHWOOD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W Reynolds

M J Wall

V Cowley

REGISTERED OFFICE:

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

REGISTERED NUMBER:

02014369 (England and Wales)

ACCOUNTANTS:

Watson Associates (Professional Services) Limited

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

FIXED ASSETS

Intangible assets

4

-

6,875

Tangible assets

5

12,844

172

Investments

6

44,721

43,471

57,565

50,518

CURRENT ASSETS

Debtors

7

877,979

524,440

Cash at bank and in hand

273,800

594,754

1,151,779

1,119,194

CREDITORS

Amounts falling due within one year

8

(536,920

)

(511,592

)

NET CURRENT ASSETS

614,859

607,602

TOTAL ASSETS LESS CURRENT LIABILITIES

672,424

658,120

CREDITORS

Amounts falling due after more than one year

9

-

(30,133

)

NET ASSETS

672,424

627,987

CAPITAL AND RESERVES

Called up share capital

12

2,632

1,250

Share premium

17,510

17,510

Other reserves

-

4,814

Retained earnings

652,282

604,413

SHAREHOLDERS' FUNDS

672,424

627,987

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 25 September 2025 and were signed on its behalf by:

M J Wall - Director

1.	STATUTORY INFORMATION

Taylor Birchwood 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.

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and and accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Tangible fixed assets

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

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The company only enters into basic financial instrument transactions that results in the recognition of financial assets and liabilities like trade and other debtors and creditors, loan from related parties and investments in ordinary shares.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 10 (2023 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

8,250

Disposals

(8,250

)

At 31 December 2024

-

AMORTISATION

At 1 January 2024

1,375

Charge for year

2,063

Eliminated on disposal

(3,438

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

6,875

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

2,184

-

3,806

5,990

Additions

-

14,009

-

14,009

Disposals

(975

)

-

-

(975

)

At 31 December 2024

1,209

14,009

3,806

19,024

DEPRECIATION

At 1 January 2024

2,012

-

3,806

5,818

Charge for year

97

1,167

-

1,264

Eliminated on disposal

(902

)

-

-

(902

)

At 31 December 2024

1,207

1,167

3,806

6,180

NET BOOK VALUE

At 31 December 2024

2

12,842

-

12,844

At 31 December 2023

172

-

-

172

6.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 January 2024

-

43,471

43,471

Additions

1,250

-

1,250

At 31 December 2024

1,250

43,471

44,721

NET BOOK VALUE

At 31 December 2024

1,250

43,471

44,721

At 31 December 2023

-

43,471

43,471

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

746,040

466,967

Amounts owed by group undertakings

31,290

-

Other debtors

100,649

57,473

877,979

524,440

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

124,904

33,518

Amounts owed to group undertakings

101,846

3,608

Taxation and social security

266,594

170,328

Other creditors

43,576

304,138

536,920

511,592

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

-

30,133

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

63,800

73,480

11.	DEFERRED TAX

£

Balance at 1 January 2024

(25,924

)

Provided during year

23,210

Balance at 31 December 2024

(2,714

)

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2,632

Ordinary

£1

2,632

1,250

132 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

13.	CONTINGENT LIABILITIES

The company has a bank overdraft arrangement which is secured against a debenture over the assets of the company.

There is a bank guarantee between the company and Taylor Bennett Holdings Limited, in relation to Taylor Bennett Holdings Limited's bank liabilities up to the value of £250,000 (2023 - £250,000). Taylor Bennett Holdings Ltd hold 47.5% of the company share capital.

The liability at the year end amounted to nil.

14.	MERGER WITH BIRCHWOOD KNIGHT LTD

On the 6th of September 2024, the company merged with Birchwood Knight Ltd, facilitated by a share for share exchange. The trade, debtors and creditors were subsequently hived up into Taylor Birchwood Ltd.