Talbot & Sons Ltd - Filleted accounts

Registered number

11795026

Talbot & Sons Ltd

Filleted Accounts

31 January 2025

Talbot & Sons Ltd
Registered number:		11795026
Balance Sheet
as at 31 January 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		30,263			26,376
			30,263			26,376

Current assets
Cash at bank and in hand		197,714			173,561
		197,714			173,561

Creditors: amounts falling due within one year	4	(93,035)			(58,817)

Net current assets			104,679			114,744

Total assets less current liabilities			134,942			141,120

Creditors: amounts falling due after more than one year	5		(7,336)			(9,334)


Net assets			127,606			131,786

Capital and reserves
Called up share capital			1			1
Profit and loss account			127,605			131,785

Shareholder's funds			127,606			131,786

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 member has 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.




James Talbot
Director
Approved by the board on 22 October 2025

Talbot & Sons Ltd
Notes to the Accounts
for the year ended 31 January 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	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			1		1


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 February 2024	3,129		35,492		38,621
	Additions	-		14,250		14,250
	Disposals	-		-		-
	At 31 January 2025	3,129		49,742		52,871

	Depreciation
	At 1 February 2024	1,055		11,190		12,245
	Charge for the year	415		9,948		10,363
	On disposals	-		-		-
	At 31 January 2025	1,470		21,138		22,608

	Net book value
	At 31 January 2025	1,659		28,604		30,263
	At 31 January 2024	2,074		24,302		26,376


4	Creditors: amounts falling due within one year			2025		2024
£					£

	Taxation and social security costs			31,897		32,967
	Other creditors			61,138		25,850
				93,035		58,817

5	Creditors: amounts falling due after one year			2025		2024
£					£

	Obligations under finance lease and hire purchase contracts			7,336		9,334
				7,336		9,334

6	Other information

	Talbot & Sons Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Lenview, 49 High Street
	Maidstone
	Kent
	ME17 2QB