Taylor Goodchild Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07686939

TAYLOR GOODCHILD LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

29 November 2024

TAYLOR GOODCHILD LIMITED

STATEMENT OF FINANCIAL POSITION

29 November 2024

	2024		2023
Note	£	£	£	£

FIXED ASSETS

Tangible assets	7		1,985		1,063

CURRENT ASSETS

Debtors	8	489,315	629,327
Cash at bank and in hand		6,506	63,286
		---------	---------
		495,821	692,613

CREDITORS: amounts falling due within one year	9	( 153,720)		( 135,820)
		---------		---------
NET CURRENT ASSETS			342,101		556,793
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			344,086		557,856

CREDITORS: amounts falling due after more than one year	10	( 5,000)	( 15,000)
		---------	---------
NET ASSETS		339,086	542,856
		---------	---------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	338,986	542,756
	---------	---------
SHAREHOLDERS FUNDS	339,086	542,856
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 29 November 2024 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

TAYLOR GOODCHILD LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

29 November 2024

These financial statements were approved by the board of directors and authorised for issue on 1 October 2025 , and are signed on behalf of the board by:

L Goodchild

Director

Company registration number: 07686939

TAYLOR GOODCHILD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 29 NOVEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Woodlands Road, Middlesbrough, Cleveland, TS1 3BE.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of services supplied, exclusive of Value Added Tax.

Income tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

Goodwill

Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the Balance Sheet and amortised over its useful economic life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years. Useful ecomonic lives are reviewed at the end of each reporting period and revised if necessary, subject to the constraint that the revised life shall not exceed 20 years from the date of acquisition. The carrying amount at the date of revision is depreciated over the revised estimate of remaining useful economic life.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	Over 3 Years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	20% straight line

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 7 (2023: 7 ).

5. TAX ON (LOSS)/PROFIT

Major components of tax (income)/expense

	2024	2023
	£	£

Current tax:

UK current tax expense	–	32,698
Adjustments in respect of prior periods	–	179
Corporation tax repayable	( 32,697)	–
	--------	--------
Total current tax	( 32,697)	32,877
	--------	--------
	--------	--------
Tax on (loss)/profit	( 32,697)	32,877
	--------	--------

6. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 1 December 2023 and 29 November 2024	900,000
	---------
Amortisation
At 1 December 2023 and 29 November 2024	900,000
	---------
Carrying amount
At 29 November 2024	–
	---------
At 30 November 2023	–
	---------

7. TANGIBLE ASSETS

	Equipment	Total
	£	£
Cost
At 1 December 2023	7,456	7,456
Additions	1,484	1,484
	-------	-------
At 29 November 2024	8,940	8,940
	-------	-------
Depreciation
At 1 December 2023	6,393	6,393
Charge for the year	562	562
	-------	-------
At 29 November 2024	6,955	6,955
	-------	-------
Carrying amount
At 29 November 2024	1,985	1,985
	-------	-------
At 30 November 2023	1,063	1,063
	-------	-------

8. DEBTORS

	2024	2023
	£	£
Other debtors	489,315	629,327
	---------	---------

9. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	47,656	166
Corporation tax	–	32,698
Social security and other taxes	31,175	26,079
Other creditors	64,889	66,877
	---------	---------
	153,720	135,820
	---------	---------

10. CREDITORS: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	5,000	15,000
	-------	--------