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Registered Number: SC752476
Scotland

 

 

 

TAYLOR STANDBY LTD



Abridged Accounts
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024
Chartered Accountant's report to the Board of Directors on the preparation of the unaudited statutory accounts of Taylor Standby Ltd for the period ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Taylor Standby Ltd for the year to 31 December 2024 as set out on pages titled Income Statement and Statement of Financial Position and the related Notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Taylor Standby Ltd, as a body, in accordance with the terms of our engagement letter dated 01 January 2025.

Our work has been undertaken solely to prepare for your approval the accounts of Taylor Standby Ltd and state those matters that we have agreed to state to the Board of Directors of Taylor Standby Ltd, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Taylor Standby Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Taylor Standby Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Taylor Standby Ltd .

You consider that Taylor Standby Ltd is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the accounts of Taylor Standby Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................

Colin Dempster

Colin A Dempster Chartered Accountant
39 Bridge Street
STRATHAVEN
ML10 6AN
28 September 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 3,795    3,005 
3,795    3,005 
Current assets      
Debtors 1,278    615 
Cash at bank and in hand 119,239    61,996 
120,517    62,611 
Creditors: amount falling due within one year (32,347)   (17,070)
Net current assets 88,170    45,541 
 
Total assets less current liabilities 91,965    48,546 
Net assets 91,965    48,546 
 

Capital and reserves
     
Called up share capital 4 100    100 
Profit and loss account 91,865    48,446 
Shareholders' funds 91,965    48,546 
 


For the year ended 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:
  1. The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 28 September 2025 and were signed by:


-------------------------------
Frank Taylor
Director
2
General Information
Taylor Standby Ltd is a private company, limited by shares, registered in Scotland, registration number SC752476, registration address 14 Glenavon Court, Larkhall, Lanarkshire, ML9 2WA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention. 
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of services provided by the company. The company registered for Value Added Tax during the year.
Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Straight Line
Computer Equipment 25% Straight Line
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 January 2024 239    3,023    3,262 
Additions 1,674      1,674 
Disposals    
At 31 December 2024 1,913    3,023    4,936 
Depreciation
At 01 January 2024 26    231    257 
Charge for year 234    650    884 
On disposals    
At 31 December 2024 260    881    1,141 
Net book values
Closing balance as at 31 December 2024 1,653    2,142    3,795 
Opening balance as at 01 January 2024 213    2,792    3,005 


4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

3