| Taylor Wade Limited |
| Registered number: |
05669160 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
71,686 |
|
|
72,107 |
| Investments |
4 |
|
|
150 |
|
|
150 |
|
|
|
|
71,836 |
|
|
72,257 |
|
| Current assets |
| Debtors |
5 |
|
104,650 |
|
|
134,146 |
| Cash at bank and in hand |
|
|
3,418 |
|
|
1,596 |
|
|
|
108,068 |
|
|
135,742 |
|
| Creditors: amounts falling due within one year |
6 |
|
(39,354) |
|
|
(4,947) |
|
| Net current assets |
|
|
|
68,714 |
|
|
130,795 |
|
| Total assets less current liabilities |
|
|
|
140,550 |
|
|
203,052 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(34,542) |
|
|
(100,465) |
|
|
|
| Net assets |
|
|
|
106,008 |
|
|
102,587 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Revaluation reserve |
8 |
|
|
20,450 |
|
|
20,450 |
| Profit and loss account |
|
|
|
85,458 |
|
|
82,037 |
|
| Shareholders' funds |
|
|
|
106,008 |
|
|
102,587 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| 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. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr D S Williams |
| Director |
| Approved by the board on 22 September 2025 |
|
| Taylor Wade Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Investment property |
|
In accordance with SSAP 19, investment properties are revalued annually and the aggregate surplus or deficit is transferred to a revaluation reserve and no depreciation is provided in respect of freehold properties. The director considers that this accounting policy results in the financial statements giving a true and fair view. Depreciation is only one of many factors reflected in the annual valuation and the amount which otherwise might have been shown cannot be separately identified or quantified. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
70,000 |
|
4,000 |
|
74,000 |
|
At 31 March 2025 |
70,000 |
|
4,000 |
|
74,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
- |
|
1,893 |
|
1,893 |
|
Charge for the year |
- |
|
421 |
|
421 |
|
At 31 March 2025 |
- |
|
2,314 |
|
2,314 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
70,000 |
|
1,686 |
|
71,686 |
|
At 31 March 2024 |
70,000 |
|
2,107 |
|
72,107 |
|
|
| 4 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 April 2024 |
150 |
|
|
At 31 March 2025 |
150 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Deferred tax asset |
|
|
|
|
5,700 |
|
5,700 |
|
Other debtors |
98,950 |
|
128,446 |
|
|
|
|
|
|
104,650 |
|
134,146 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Corporation tax |
901 |
|
3,963 |
|
Other creditors |
38,453 |
|
984 |
|
|
|
|
|
|
39,354 |
|
4,947 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
34,542 |
|
100,465 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Non distributable reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 April 2024 |
20,450 |
|
44,750 |
|
Loss on revaluation of land and buildings |
- |
|
(24,300) |
|
|
At 31 March 2025 |
20,450 |
|
20,450 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Mr D S Williams |
|
Directors Loan Account |
(65,923) |
|
67,000 |
|
(1,077) |
|
- |
|
|
Mrs F M G Fletcher |
|
Directors Loan Account |
(34,542) |
|
- |
|
- |
|
(34,542) |
|
|
|
(100,465) |
|
67,000 |
|
(1,077) |
|
(34,542) |
|
|
|
|
|
|
|
|
|
|
| 10 |
Related party transactions |
|
|
Taylor Wade Limited owns 50% of the shares of Williams Properties (Cardiff) Limited. At the year-end the balance owing to Williams Properties (Cardiff) Limited of was £98,9500 (2024: £98,950). The loan is interest free and repayable on demand. Taylor Wade Limited owns 100% of the shares in Beca Properties Limited. At the year end of Taylor Wade Limited owed Beca Properties Limited £37,504(2024: Beca Properties Limited owed Taylor Wade Limited £29,496). |
|
|
| 11 |
Controlling party |
|
|
The company is controlled by the directors by virtue of their shareholding. |
|
|
| 12 |
Other information |
|
|
Taylor Wade Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
1 Crocus Close |
|
Rogerstone |
|
Newport |
|
Gwent |
|
NP10 9LA |