REGISTERED NUMBER: 04483349 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Taylor Packaging (Bishop Auckland)

Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Taylor

S C Taylor

L Taylor MBE

B O'Hare

SECRETARY:

B O'Hare

REGISTERED OFFICE:

Meadowfield Avenue

Green Lane Industrial Estate

Spennymoor

County Durham

DL16 6YJ

REGISTERED NUMBER:

04483349 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

Kepier House

Belmont Business Park

Durham

DH1 1TW

FIXED ASSETS

Tangible assets

4

3,421

2,614

CURRENT ASSETS

Stocks

395,152

406,219

Debtors

742,632

743,229

Cash at bank and in hand

764,055

657,730

1,901,839

1,807,178

CREDITORS

Amounts falling due within one year

(1,170,106

)

(951,659

)

NET CURRENT ASSETS

731,733

855,519

TOTAL ASSETS LESS CURRENT LIABILITIES

735,154

858,133

PROVISIONS FOR LIABILITIES

5

-

(653

)

NET ASSETS

735,154

857,480

CAPITAL AND RESERVES

Called up share capital

6

25,000

25,000

Retained earnings

710,154

832,480

SHAREHOLDERS' FUNDS

735,154

857,480

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

S C Taylor - Director

1.	STATUTORY INFORMATION

Taylor Packaging (Bishop Auckland) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group or those conducted at market rate.

Turnover

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

Income recognition

Income is recognised at the point at which the risks and rewards of the goods are transferred to the customer.

Tangible fixed assets

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

Plant and machinery

-

33% on cost

Tangible fixed assets are held at cost less accumulated depreciation and impairment.

Stocks

Stocks are valued at the lower of cost and selling price less costs to sell.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 16 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

4,007

Additions

4,970

Disposals

(2,500

)

At 31 March 2025

6,477

DEPRECIATION

At 1 April 2024

1,393

Charge for year

2,287

Eliminated on disposal

(624

)

At 31 March 2025

3,056

NET BOOK VALUE

At 31 March 2025

3,421

At 31 March 2024

2,614

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

5.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

-

653

Deferred

tax

£

Balance at 1 April 2024

653

Accelerated capital allowances

(653

)

Balance at 31 March 2025

-

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

25,000

Ordinary

£1

25,000

25,000

7.	ULTIMATE PARENT COMPANY

The ultimate parent company is T.P. Enterprises Limited. Their registered office address is Meadowfield Avenue, Green Lane Industrial Estate, Spennymoor, Co Durham, DL16 6YJ.