Registration number: 00302227

A.Taylor & Son (Leeds) Limited

Contents

Balance Sheet	1
Statement of Changes in Equity	2
Notes to the Unaudited Financial Statements	3 to 6

A.Taylor & Son (Leeds) Limited

(Registration number: 00302227)
Balance Sheet as at 31 March 2025

	Note	2025 £		2024 £
Fixed assets
Tangible assets	4		44,819		1,995
Investment property	5		5,000,000		5,000,000
			5,044,819		5,001,995
Current assets
Debtors	6	92,253		102,602
Cash at bank and in hand		130,390		74,904
		222,643		177,506
Creditors: Amounts falling due within one year	7	(426,150)		(528,556)
Net current liabilities			(203,507)		(351,050)
Total assets less current liabilities			4,841,312		4,650,945
Creditors: Amounts falling due after more than one year	7		(25,238)		-
Provisions for liabilities			(255,651)		(212,477)
Net assets			4,560,423		4,438,468
Capital and reserves
Called up share capital		9,708		9,708
Capital redemption reserve		11,156		11,156
Revaluation reserve		2,606,974		2,606,974
Profit and loss account		1,932,585		1,810,630
Total equity			4,560,423		4,438,468

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 June 2025 and signed on its behalf by:
 

......................................... Mrs E. Mills Company secretary and director

A.Taylor & Son (Leeds) Limited

Statement of Changes in Equity for the Year Ended 31 March 2025

	Share capital £	Capital redemption reserve £	Revaluation reserve £	Retained earnings £	Total £
At 1 April 2024	9,708	11,156	2,606,974	1,810,630	4,438,468
Profit for the year	-	-	-	131,663	131,663
Dividends	-	-	-	(9,708)	(9,708)
At 31 March 2025	9,708	11,156	2,606,974	1,932,585	4,560,423

 

	Share capital £	Capital redemption reserve £	Revaluation reserve £	Retained earnings £	Total £
At 1 April 2023	9,708	11,156	-	1,561,049	1,581,913
Profit for the year	-	-	-	249,581	249,581
Other comprehensive income	-	-	2,606,974	-	2,606,974
Total comprehensive income	-	-	2,606,974	249,581	2,856,555
At 31 March 2024	9,708	11,156	2,606,974	1,810,630	4,438,468

A.Taylor & Son (Leeds) Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 11, Fusion Court
Aberford Road
Garforth
Leeds
LS25 2GH

These financial statements were authorised for issue by the Board on 11 June 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling (£).

Going concern

The Directors continue to prepare the financial statements on a going concern basis.

Judgements

The preparation of these financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts of assets and liabilities, income and expenses. The significant judgement applied by management in these financial statements is in determining the fair carrying value of the Company's investment property. In making such judgements and estimations management rely on their knowledge and experience to ensure these estimates are as accurate as possible.

Revenue recognition

General Turnover
General turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Rental Income
Rental income is invoiced quarterly in advance, A receivable and deferred income is recognised at the date payment is due providing the directors consider the amount to be collectible. Rental income is shown net of value added tax where applicable.

Lease incentives are spread on a straight line basis over the period of the lease.

Government grants

Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions for the making of the grant will be met.

A.Taylor & Son (Leeds) Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% on reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease. Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

A.Taylor & Son (Leeds) Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

4	Tangible assets

	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	14,950	14,950
Additions	52,469	52,469
Disposals	(14,950)	(14,950)
At 31 March 2025	52,469	52,469
Depreciation
At 1 April 2024	12,955	12,955
Charge for the year	7,650	7,650
Eliminated on disposal	(12,955)	(12,955)
At 31 March 2025	7,650	7,650
Carrying amount
At 31 March 2025	44,819	44,819
At 31 March 2024	1,995	1,995

5	Investment properties

	2025 £
At 1 April	5,000,000
At 31 March	5,000,000

Due to a change in use, the Company's former operating premises have been reclassified as Investment Property. Fair value at the date of transfer has been determined by the Directors, using their knowledge and experience. No independent third party valuation has been undertaken. The Directors believe the carrying value at the end of the accounting period to be not materially different to fair value.

A.Taylor & Son (Leeds) Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	-	17,671
Other debtors	87,132	82,988
Prepayments	5,121	1,943
	92,253	102,602

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Loans and borrowings	8	8,271	-
Trade creditors		30,003	1,063
Taxation and social security		15,580	56,821
Other creditors		372,296	470,672
		426,150	528,556

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Loans and borrowings	8	25,238	-

8	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	8,271	-

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	25,238	-

The bank loan and overdraft facilities were secured by a fixed and floating charge over the assets of the Company, together with a personal guarantee given by Mr J.S. Benson, a director of the Company for £200,000. The bank loan and overdraft were repaid in full during the accounting period and the securities discharged.