| L & A TAYLOR LIMITED |
| Registered number: |
08593614 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
2,435 |
|
|
1,980 |
|
| Current assets |
| Stocks |
|
|
12,876 |
|
|
15,818 |
| Debtors |
5 |
|
85,054 |
|
|
80,580 |
| Cash at bank and in hand |
|
|
19,011 |
|
|
14,247 |
|
|
|
116,941 |
|
|
110,645 |
|
| Creditors: amounts falling due within one year |
6 |
|
(110,147) |
|
|
(87,038) |
|
| Net current assets |
|
|
|
6,794 |
|
|
23,607 |
|
| Total assets less current liabilities |
|
|
|
9,229 |
|
|
25,587 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(14,413) |
|
|
(24,448) |
|
|
|
| Net (liabilities)/assets |
|
|
|
(5,184) |
|
|
1,139 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1,000 |
|
|
1,000 |
| Profit and loss account |
|
|
|
(6,184) |
|
|
139 |
|
| Shareholders' funds |
|
|
|
(5,184) |
|
|
1,139 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
| L R TAYLOR |
| Director |
| Approved by the board on 17 November 2025 |
|
| L & A TAYLOR LIMITED |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the goods have transferred to the buyer. Turnover from the rendering of services is recognised when the service has been completed. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulated amortisation and any accumulated impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures and fittings |
At 16.67% straight line from the month of purchase |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. Rentals paid under operating leases are written off in the period to which they relate. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
16 |
|
15 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 April 2024 |
90,000 |
|
At 31 March 2025 |
90,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2024 |
90,000 |
|
At 31 March 2025 |
90,000 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Goodwill has been written off in equal annual instalments over its estimated economic life of 7 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
8,742 |
|
102,920 |
|
111,662 |
|
Additions |
- |
|
2,500 |
|
2,500 |
|
At 31 March 2025 |
8,742 |
|
105,420 |
|
114,162 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
7,162 |
|
102,520 |
|
109,682 |
|
Charge for the year |
1,580 |
|
465 |
|
2,045 |
|
At 31 March 2025 |
8,742 |
|
102,985 |
|
111,727 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
- |
|
2,435 |
|
2,435 |
|
At 31 March 2024 |
1,580 |
|
400 |
|
1,980 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Directors' loan accounts |
|
|
|
|
72,097 |
|
68,849 |
|
Other debtors and prepayments |
12,957 |
|
11,731 |
|
|
|
|
|
|
85,054 |
|
80,580 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
10,000 |
|
10,000 |
|
Trade creditors |
57,297 |
|
47,269 |
|
Taxation and social security costs |
23,079 |
|
21,249 |
|
Accruals |
2,681 |
|
2,822 |
|
Other creditors |
17,090 |
|
5,698 |
|
|
|
|
|
|
110,147 |
|
87,038 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
14,413 |
|
24,448 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other financial commitments |
2025 |
|
2024 |
| £ |
£ |
|
|
Total future minimum payments under non-cancellable operating leases |
|
32,219 |
|
29,167 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Related party transactions |
|
|
Dividends paid to directors amount to Nil (2024 - £16,500). |
|
|
The directors have personally guaranteed the payment of rent due under the company's lease and have also guaranteed the performance of certain conditions required under the franchise agreement with The Headmasters Partnership Limited. |
|
|
| 10 |
Controlling party |
|
|
Throughout this and the previous period the company has been under the control of Ms A D Taylor and Ms L R Taylor, both of whom are directors and shareholders. |
|
|
| 11 |
Other information |
|
|
L & A TAYLOR LIMITED is a private company limited by shares and incorporated in England. Its registered office is Dawes Court House, Dawes Court, High Street, Esher, KT10 9QD. |