Company Registration No. 08453016 (England and Wales)
Taylors Interiors Limited
Unaudited accounts
for the year ended 31 March 2025
Taylors Interiors Limited
Unaudited accounts
Contents
Taylors Interiors Limited
Company Information
for the year ended 31 March 2025
Directors
Priscilla Taylor
Tom Taylor-Preston
Company Number
08453016 (England and Wales)
Registered Office
27 George Elliot House
Longmore Gardens
Vauxhall Bridge Road
London
SW1V 2SR
Accountants
MIB Accountants Limited
Kingfisher House
21-23 Elmfield Road
Bromley
Kent
BR1 1LT
Taylors Interiors Limited
Statement of financial position
as at 31 March 2025
Tangible assets
3,466
4,333
Cash at bank and in hand
98,968
83,182
Creditors: amounts falling due within one year
(45,460)
(47,519)
Net current assets
93,555
75,470
Called up share capital
2
2
Profit and loss account
97,019
79,801
Shareholders' funds
97,021
79,803
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2025 and were signed on its behalf by
Priscilla Taylor
Director
Company Registration No. 08453016
Taylors Interiors Limited
Notes to the Accounts
for the year ended 31 March 2025
Taylors Interiors Limited is a private company, limited by shares, registered in England and Wales, registration number 08453016. The registered office is 27 George Elliot House, Longmore Gardens, Vauxhall Bridge Road, London, SW1V 2SR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Taylors Interiors Limited
Notes to the Accounts
for the year ended 31 March 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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 or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Other debtors
40,047
38,247
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
-
2,662
Other creditors
2,082
1,825
Loans from directors
35,242
41,104
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).