Taylor & Co (Marine) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03546900 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

TAYLOR & CO (MARINE) LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mr C R Taylor

REGISTERED OFFICE:

Butterworth Barlow House

10 Derby Street

Prescot

L34 3LG

REGISTERED NUMBER:

03546900 (England and Wales)

ACCOUNTANTS:

Butterworth Barlow

Chartered Accountants

Butterworth Barlow House

10 Derby Street

Prescot

Liverpool

Merseyside

L34 3LG

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Taylor & Co (Marine) Limited for the year ended 30 April 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Taylor & Co (Marine) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Taylor & Co (Marine) Limited and state those matters that we have agreed to state to the director of Taylor & Co (Marine) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Taylor & Co (Marine) Limited and its director for our work or for this report.

It is your duty to ensure that Taylor & Co (Marine) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Taylor & Co (Marine) Limited. You consider that Taylor & Co (Marine) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Taylor & Co (Marine) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Butterworth Barlow

Chartered Accountants

Liverpool

28 November 2025

FIXED ASSETS

Tangible assets

4

17,905

21,064

CURRENT ASSETS

Stocks

5

126,460

50,850

Debtors

6

98,836

133,522

Cash at bank

88,850

808

314,146

185,180

CREDITORS

Amounts falling due within one year

7

276,300

205,671

NET CURRENT ASSETS/(LIABILITIES)

37,846

(20,491

)

TOTAL ASSETS LESS CURRENT LIABILITIES

55,751

573

CAPITAL AND RESERVES

Called up share capital

23

Retained earnings

55,728

550

SHAREHOLDERS' FUNDS

55,751

573

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2025 and were signed by:

Mr C R Taylor - Director

1.	STATUTORY INFORMATION

Taylor & Co (Marine) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 May 2024

and 30 April 2025

82,767

DEPRECIATION

At 1 May 2024

61,703

Charge for year

3,159

At 30 April 2025

64,862

NET BOOK VALUE

At 30 April 2025

17,905

At 30 April 2024

21,064

5.

STOCKS

30.4.25

30.4.24

£

Work-in-progress

126,460

50,850

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

Trade debtors

78,201

104,711

Amounts owed by group undertakings

2,500

Directors' loan accounts

-

22,176

Prepayments

18,135

4,135

98,836

133,522

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

Bank loans and overdrafts

1,875

56,951

Trade creditors

102,083

92,706

Amounts owed to group undertakings

24,602

Tax

44,871

9,815

Social security and other taxes

2,027

4,000

VAT

14,036

10,950

Other creditors

2,200

2,447

Directors' loan accounts

467

-

Accrued expenses

84,139

4,200

276,300

205,671