G Taylor & Son Ltd - Filleted accounts

Registered number

05378413

G Taylor & Son Ltd

Filleted Accounts

31 March 2025

G Taylor & Son Ltd
Registered number:		05378413
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		75,339			89,171

Current assets
Stocks		-			143,353
Debtors	4	581,824			425,907
Cash at bank and in hand		311,839			718,258
		893,663			1,287,518

Creditors: amounts falling due within one year	5	(136,875)			(333,940)

Net current assets			756,788			953,578

Total assets less current liabilities			832,127			1,042,749


Provisions for liabilities			(14,314)			(16,942)


Net assets			817,813			1,025,807

Capital and reserves
Called up share capital			91			102
Profit and loss account			817,722			1,025,705

Shareholders' funds			817,813			1,025,807

The directors are 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 directors acknowledge their 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.




E Astbury
Director
Approved by the board on 3 November 2025

G Taylor & Son Ltd
Notes to the Accounts
for the year ended 31 March 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:

	Freehold buildings			not depreciated
	Computer equioment			over 4 years
	Plant and machinery			over 4 years
	Fixtures, fittings, tools and equipment			15% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					10		13


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	49,886		44,618		92,728		187,232
	Additions	692		312		-		1,004
	At 31 March 2025	50,578		44,930		92,728		188,236

	Depreciation
	At 1 April 2024	-		33,747		64,314		98,061
	Charge for the year	-		3,591		11,245		14,836
	At 31 March 2025	-		37,338		75,559		112,897

	Net book value
	At 31 March 2025	50,578		7,592		17,169		75,339
	At 31 March 2024	49,886		10,871		28,414		89,171


4	Debtors					2025		2024
£							£

	Trade debtors					138,951		234,771
	Other debtors					442,873		191,136
						581,824		425,907


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

	Trade creditors					16,500		45,725
	Taxation and social security costs					114,785		283,052
	Other creditors					5,590		5,163
						136,875		333,940


6	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	G Taylor
	Directors Loan Account	24,321		129,010		(33,077)		120,254

	V Taylor
	Directors Loan Account	19,484		152,724		(32,867)		139,341

	E Astbury
	Directors Loan Account	76,067		52,579		(70,718)		57,928

		119,872		334,313		(136,662)		317,523


7	Controlling party

	The company was under the control of Mr G Taylor and Mrs V Taylor by virtue of them owning the majority of the issued share capital.


8	Other information

	G Taylor & Son Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	12 Granary Wharf Business Park
	Wetmore Road
	Burton upon Trent
	Staffordshire
	DE14 1DU