REGISTERED NUMBER: 03190037 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

TAYLORS AUTOS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B B Luck

B P Luck

SECRETARY:

Sophic Secretaries Ltd

REGISTERED OFFICE:

10 Reading Arch Road

Redhill

Surrey

RH1 1HG

REGISTERED NUMBER:

03190037 (England and Wales)

ACCOUNTANTS:

Sophic Finance Ltd

Chartered Accountants

Little Coombe

Longfield Road

Dorking

Surrey

RH4 3DE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

245,079

237,135

245,079

237,135

CURRENT ASSETS

Stocks

6

1,900

1,850

Debtors

7

12,501

10,607

Cash at bank and in hand

66,399

54,427

80,800

66,884

CREDITORS

Amounts falling due within one year

8

536,219

538,788

NET CURRENT LIABILITIES

(455,419

)

(471,904

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(210,340

)

(234,769

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(210,342

)

(234,771

)

SHAREHOLDERS' FUNDS

(210,340

)

(234,769

)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2025 and were signed on its behalf by:

B B Luck - Director

1.	STATUTORY INFORMATION

Taylors Autos 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

Going concern

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.

These financial statements have been prepared on the going concern basis on the assumption that the company will continue to receive the financial support of its parent company. The parent company will not demand amounts owed to it by Taylors Autos Limited until all other creditors have been settled. The directors consider that with the support of its parent company and its bankers, the company will be able to meet its day to day working capital requirements. The financial statements do not include any adjustments that would result from a withdrawal of the financial support from its parent company.

Turnover

Turnover consists of income derived from the normal operating activities of the company during the year, net of discounts and VAT.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1996, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Short leasehold

-

between 10% and 50% on cost

Improvements to property

-

in accordance with the property

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

21,750

AMORTISATION

At 1 April 2024

and 31 March 2025

21,750

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 April 2024

391,211

18,933

95,069

Additions

-

-

13,077

At 31 March 2025

391,211

18,933

108,146

DEPRECIATION

At 1 April 2024

168,883

18,933

82,084

Charge for year

6,175

-

3,241

At 31 March 2025

175,058

18,933

85,325

NET BOOK VALUE

At 31 March 2025

216,153

-

22,821

At 31 March 2024

222,328

-

12,985

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2024

14,486

16,293

535,992

Additions

-

4,750

17,827

At 31 March 2025

14,486

21,043

553,819

DEPRECIATION

At 1 April 2024

14,355

14,602

298,857

Charge for year

44

423

9,883

At 31 March 2025

14,399

15,025

308,740

NET BOOK VALUE

At 31 March 2025

87

6,018

245,079

At 31 March 2024

131

1,691

237,135

6.

STOCKS

2025

2024

£

£

Stocks

1,900

1,850

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

12,501

10,607

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

69,017

63,994

Taxation and social security

19,095

13,816

Other creditors

448,107

460,978

536,219

538,788

9.	RELATED PARTY DISCLOSURES

The ultimate holding company is Dorking Autos Limited. Other Creditors includes the amount due to the holding company, which was owed £403,676 (2024 - £403,676).