TAYLOR AIREY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J R Airey

P Taylor

REGISTERED OFFICE:

C/O Wilkinson and Partners

Fairfax House, 6A Mill Field Road

Cottingley Business Park

Bingley

West Yorkshire

BD16 1PY

REGISTERED NUMBER:

09490976 (England and Wales)

ACCOUNTANTS:

Wilkinson and Partners

Chartered Accountants

Fairfax House

6a Mill Field Road

Cottingley Business Park

Bradford

West Yorkshire

BD16 1PY

FIXED ASSETS

Tangible assets

4

894

1,800

CURRENT ASSETS

Stocks

5

87,001

110,018

Debtors

6

534,238

640,791

Cash at bank

2,196,611

1,776,009

2,817,850

2,526,818

CREDITORS

Amounts falling due within one year

7

548,881

559,027

NET CURRENT ASSETS

2,268,969

1,967,791

TOTAL ASSETS LESS CURRENT LIABILITIES

2,269,863

1,969,591

PROVISIONS FOR LIABILITIES

9

170

342

NET ASSETS

2,269,693

1,969,249

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

2,269,691

1,969,247

SHAREHOLDERS' FUNDS

2,269,693

1,969,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

P Taylor - Director

J R Airey - Director

1.	STATUTORY INFORMATION

Taylor Airey 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.

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 17 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

43,856

Disposals

(17,596

)

At 31 March 2025

26,260

DEPRECIATION

At 1 April 2024

42,056

Charge for year

906

Eliminated on disposal

(17,596

)

At 31 March 2025

25,366

NET BOOK VALUE

At 31 March 2025

894

At 31 March 2024

1,800

5.

STOCKS

31.3.25

31.3.24

£

£

Work-in-progress

87,001

110,018

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

472,633

605,523

Other debtors

48,171

31,090

Prepayments

13,434

4,178

534,238

640,791

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

18,249

161,486

Tax

225,522

135,786

Social security and other taxes

37,386

32,041

VAT

172,689

110,099

Other creditors

17,619

14,473

Directors' current accounts

2

43,452

Accrued expenses

77,414

61,690

548,881

559,027

The directors' loan accounts are repayable on demand and attract interest at a commercial rate.

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

102,480

102,000

Between one and five years

25,620

34,000

128,100

136,000

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

170

342

Deferred

tax

£

Balance at 1 April 2024

342

Accelerated capital allowances

(172

)

Balance at 31 March 2025

170

The provision for deferred taxation consists entirely of accelerated capital allowances.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

2

Ordinary

1.00

2

2

11.	RELATED PARTY DISCLOSURES

Dividends of £370,000 (2024: £174,000) were paid to Taylor Airey Group Limited, the ultimate holding company.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Taylor Airey Group Limited.