Registration number: 09513903

Taylor Farm Supplies Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 9

Taylor Farm Supplies Ltd

Company Information

Directors

Mr Peter Taylor Mrs Helen Taylor

Registered office

Unit 3 Canterbury Works 18 Ashchurch Road Tewkesbury GL20 8BT

Accountants

Cashtrac Ltd 15 Westgate House Westgate Street Gloucester Gloucestershire GL1 2RU

Taylor Farm Supplies Ltd

(Registration number: 09513903)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	97,807	90,014
Current assets
Stocks	6	138,731	116,259
Debtors	7	153,029	159,702
Cash at bank and in hand		102,344	87,815
		394,104	363,776
Creditors: Amounts falling due within one year	8	(228,132)	(185,653)
Net current assets		165,972	178,123
Net assets		263,779	268,137
Capital and reserves
Called up share capital	9	2	2
Retained earnings		263,777	268,135
Shareholders' funds		263,779	268,137

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 December 2025 and signed on its behalf by:
 

......................................... Mr Peter Taylor Director

Taylor Farm Supplies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales .

The address of its registered office is:
Unit 3 Canterbury Works
18 Ashchurch Road
Tewkesbury
GL20 8BT
United Kingdom

These financial statements were authorised for issue by the Board on 2 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures & Fittings	25% reducing balance
Commercial Property	3% reducing balance

Taylor Farm Supplies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Intangible assets

Separately acquired trademarks, franchises and licences are shown at historical cost.

Trademarks, franchises and licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Franchise	20% straight line

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Taylor Farm Supplies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

Taylor Farm Supplies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	4,320	4,320
At 31 March 2025	4,320	4,320
Amortisation
At 1 April 2024	4,320	4,320
At 31 March 2025	4,320	4,320
Carrying amount
At 31 March 2025	-	-

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	74,000	6,195	42,277	122,472
Additions	-	1,047	19,890	20,937
Disposals	-	-	(7,345)	(7,345)
At 31 March 2025	74,000	7,242	54,822	136,064
Depreciation
At 1 April 2024	10,126	4,115	18,217	32,458
Charge for the year	1,916	541	9,016	11,473
Eliminated on disposal	-	-	(5,674)	(5,674)
At 31 March 2025	12,042	4,656	21,559	38,257
Carrying amount
At 31 March 2025	61,958	2,586	33,263	97,807
At 31 March 2024	63,874	2,080	24,060	90,014

Included within the net book value of land and buildings above is £61,958 (2024 - £63,874) in respect of freehold land and buildings.
 

Taylor Farm Supplies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Stocks

	2025 £	2024 £
Merchandise	138,731	116,259

7

Debtors

Current	2025 £	2024 £
Trade debtors	140,650	151,901
Prepayments	5,750	7,771
Other debtors	6,629	30
	153,029	159,702

Taylor Farm Supplies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	118,240	92,731
Taxation and social security	28,870	18,448
Other creditors	81,022	74,474
	228,132	185,653

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	2	2	2	2

10

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £48,000.00 (2024 - £26,000.00) per each Ordinary		96,000		52,000

11	Related party transactions

Taylor Farm Supplies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	25,128	25,128