REGISTERED NUMBER: 07067342 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

TAYLOR FRANCIS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T Taylor

Mrs J Hagen

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

07067342 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

69,978

110,320

69,978

110,320

CURRENT ASSETS

Debtors

6

199,869

185,050

Cash at bank

7

110,268

137,995

310,137

323,045

CREDITORS

Amounts falling due within one year

8

336,038

330,382

NET CURRENT LIABILITIES

(25,901

)

(7,337

)

TOTAL ASSETS LESS CURRENT LIABILITIES

44,077

102,983

CREDITORS

Amounts falling due after more than one year

9

-

59,087

NET ASSETS

44,077

43,896

CAPITAL AND RESERVES

Called up share capital

10

42,004

42,004

Retained earnings

2,073

1,892

SHAREHOLDERS' FUNDS

44,077

43,896

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 26 September 2025 and were signed on its behalf by:

Mr T Taylor - Director

1.	STATUTORY INFORMATION

Taylor Francis 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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, and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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 3 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

69,900

AMORTISATION

At 1 January 2024

and 31 December 2024

69,900

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

90,000

14,162

203,460

21,060

328,682

Additions

-

-

-

2,481

2,481

Disposals

-

-

(45,750

)

-

(45,750

)

At 31 December 2024

90,000

14,162

157,710

23,541

285,413

DEPRECIATION

At 1 January 2024

87,803

10,419

106,101

14,039

218,362

Charge for year

549

935

19,329

1,966

22,779

Eliminated on disposal

-

-

(25,706

)

-

(25,706

)

At 31 December 2024

88,352

11,354

99,724

16,005

215,435

NET BOOK VALUE

At 31 December 2024

1,648

2,808

57,986

7,536

69,978

At 31 December 2023

2,197

3,743

97,359

7,021

110,320

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by participating interests

164,023

173,673

Other debtors

3,500

3,500

Directors' current accounts

26,298

-

Prepayments and accrued income

6,048

7,877

199,869

185,050

7.	CASH AT BANK

31.12.24

31.12.23

£

£

Bank account no. 1

110,268

137,995

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

44,564

32,396

Tax

175,001

119,482

Social security and other taxes

3,050

6,420

Other creditors

111,923

166,969

Directors' current accounts

-

2,868

Accruals and deferred income

1,500

2,247

336,038

330,382

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

-

59,087

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

42,000

Ordinary

£1

42,000

42,000

1

C Ordinary

£1

1

1

1

B Ordinary

£1

1

1

1

D Ordnary

£1

1

1

1

E Ordinary

£1

1

1

42,004

42,004

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

Mr T Taylor and Mrs J Hagen

Balance outstanding at start of year

-

82,241

Amounts advanced

184,849

108,671

Amounts repaid

(158,551

)

(190,912

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

26,298

-

As at the balance sheet date, included in debtors due within one year is £26,298 (2024 due to: £2,868), due from the directors. The directors loan was repaid after the balance sheet date. During the period, Interest of £134 was charged at 2.25% on the overdrawn balance.

12.	RELATED PARTY DISCLOSURES

As at the balance sheet date, included on debtors due within one year is £164,023 (2023: £173,673) due to the company from Stay & Play Aylesbury Ltd , a company in which there is common directorship.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr T Taylor.