Caseware UK (AP4) 2024.0.164 2024.0.164 2025-04-30 2025-04-30 0 The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £166,661 (2024 - £141,327). Contributions totalling £nil (2024 - £nil) were payable to the fund at the balance sheet date. Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.12 true 2024-05-01 false No description of principal activity 10 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05422659 2024-05-01 2025-04-30 05422659 2023-05-01 2024-04-30 05422659 2025-04-30 05422659 2024-04-30 05422659 c:Director2 2024-05-01 2025-04-30 05422659 d:Buildings d:ShortLeaseholdAssets 2024-05-01 2025-04-30 05422659 d:Buildings d:ShortLeaseholdAssets 2025-04-30 05422659 d:Buildings d:ShortLeaseholdAssets 2024-04-30 05422659 d:PlantMachinery 2024-05-01 2025-04-30 05422659 d:PlantMachinery 2025-04-30 05422659 d:PlantMachinery 2024-04-30 05422659 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 05422659 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-05-01 2025-04-30 05422659 d:MotorVehicles 2024-05-01 2025-04-30 05422659 d:MotorVehicles 2025-04-30 05422659 d:MotorVehicles 2024-04-30 05422659 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 05422659 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-05-01 2025-04-30 05422659 d:FurnitureFittings 2024-05-01 2025-04-30 05422659 d:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 05422659 d:LeasedAssetsHeldAsLessee 2024-05-01 2025-04-30 05422659 d:PatentsTrademarksLicencesConcessionsSimilar 2024-05-01 2025-04-30 05422659 d:PatentsTrademarksLicencesConcessionsSimilar 2025-04-30 05422659 d:PatentsTrademarksLicencesConcessionsSimilar 2024-04-30 05422659 d:CurrentFinancialInstruments 2025-04-30 05422659 d:CurrentFinancialInstruments 2024-04-30 05422659 d:Non-currentFinancialInstruments 2025-04-30 05422659 d:Non-currentFinancialInstruments 2024-04-30 05422659 d:CurrentFinancialInstruments d:WithinOneYear 2025-04-30 05422659 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 05422659 d:Non-currentFinancialInstruments d:AfterOneYear 2025-04-30 05422659 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 05422659 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-04-30 05422659 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 05422659 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-04-30 05422659 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 05422659 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2025-04-30 05422659 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-04-30 05422659 d:ShareCapital 2025-04-30 05422659 d:ShareCapital 2024-04-30 05422659 d:RetainedEarningsAccumulatedLosses 2025-04-30 05422659 d:RetainedEarningsAccumulatedLosses 2024-04-30 05422659 d:AcceleratedTaxDepreciationDeferredTax 2025-04-30 05422659 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 05422659 c:OrdinaryShareClass1 2024-05-01 2025-04-30 05422659 c:OrdinaryShareClass1 2025-04-30 05422659 c:OrdinaryShareClass1 2024-04-30 05422659 c:OrdinaryShareClass2 2024-05-01 2025-04-30 05422659 c:OrdinaryShareClass2 2025-04-30 05422659 c:OrdinaryShareClass2 2024-04-30 05422659 c:OrdinaryShareClass3 2024-05-01 2025-04-30 05422659 c:OrdinaryShareClass3 2025-04-30 05422659 c:OrdinaryShareClass3 2024-04-30 05422659 c:OrdinaryShareClass4 2024-05-01 2025-04-30 05422659 c:OrdinaryShareClass4 2025-04-30 05422659 c:OrdinaryShareClass4 2024-04-30 05422659 c:OrdinaryShareClass5 2024-05-01 2025-04-30 05422659 c:OrdinaryShareClass5 2025-04-30 05422659 c:OrdinaryShareClass5 2024-04-30 05422659 c:FRS102 2024-05-01 2025-04-30 05422659 c:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 05422659 c:FullAccounts 2024-05-01 2025-04-30 05422659 c:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 05422659 d:HirePurchaseContracts d:WithinOneYear 2025-04-30 05422659 d:HirePurchaseContracts d:WithinOneYear 2024-04-30 05422659 d:HirePurchaseContracts d:BetweenOneFiveYears 2025-04-30 05422659 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-04-30 05422659 2 2024-05-01 2025-04-30 05422659 3 2025-04-30 05422659 3 2024-04-30 05422659 f:PoundSterling 2024-05-01 2025-04-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 05422659 T C & N TAYLOR LTD UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
T C & N TAYLOR LTD REGISTERED NUMBER: 05422659 BALANCE SHEET AS AT 30 APRIL 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 4,002,792 |  | 4,702,514
Investments | 6 |  | 193,928 |  | 193,928
|  |  | 4,196,720 |  | 4,896,442
Current assets |  |  |  |  |
Stocks |  | 1,473,063 |  | 1,383,574 |
Debtors: amounts falling due within one year | 7 | 5,353,947 |  | 5,014,969 |
Cash at bank and in hand |  | 433,170 |  | 123,183 |
|  | 7,260,180 |  | 6,521,726 |
Creditors: amounts falling due within one year | 8 | (2,677,882) |  | (1,946,671) |
Net current assets |  |  | 4,582,298 |  | 4,575,055
Total assets less current liabilities |  |  | 8,779,018 |  | 9,471,497
Creditors: amounts falling due after more than one year | 9 |  | (1,626,021) |  | (2,146,748)
Provisions for liabilities |  |  |  |  |
Deferred tax | 12 | (961,193) |  | (960,317) |
|  |  | (961,193) |  | (960,317)
Net assets |  |  | 6,191,804 |  | 6,364,432
Capital and reserves |  |  |  |  |
Called up share capital | 13 |  | 100 |  | 100
Profit and loss account |  |  | 6,191,704 |  | 6,364,332
|  |  | 6,191,804 |  | 6,364,432
Page 1
T C & N TAYLOR LTD REGISTERED NUMBER: 05422659 BALANCE SHEET (CONTINUED) AS AT 30 APRIL 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
Mr N Taylor
Director
Date: 8 December 2025
The notes on pages 3 to 13 form part of these financial statements. Page 2
T C & N TAYLOR LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
1. | General information
T C & N Taylor Ltd (company number 5422659) is a limited company, limited by shares, incorporated in England and Wales, with it's registered office and principal place of business at Home Farm, Astley, Shrewsbury, Shropshire SY4 4DD. The company is a farming business. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
| 2.2 | Going concern
After making enquiries, the Directors have reasonable expectation that the Company has adequate reserves to continue to trade for the foreseeable furure, and therefore continue to adopt the going concern basis in preparing the accounts.
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably. Page 3
T C & N TAYLOR LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.Accounting policies (continued)
| 2.4 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.6 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.7 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.8 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds. Page 4
T C & N TAYLOR LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.Accounting policies (continued)
| 2.9 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.10 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. The estimated useful lives range as follows:
|  |  |  | Basic payment entitlements | - | 3 | years
| 2.11 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 5
T C & N TAYLOR LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.Accounting policies (continued)
| 2.11 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Leasehold property | - |  | not depreciated
|  |  |  | Plant and machinery | - | 20% | reducing balance
|  |  |  | Motor vehicles | - | 25% | reducing balance
|  |  |  | Tractors | - | 25% | reducing balance (included within plant & machinery)
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.12 | Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
| 2.13 | Stocks
Farming stocks are valued in accordance with the HM Revenue & Customs helpsheet HS232.
| 2.14 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.15 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.16 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 6
T C & N TAYLOR LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.Accounting policies (continued)
| 2.17 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees, including directors, during the year was 10 (2024 - 12).
4. | Intangible assets
|  | Basic Payment Entitlements
|  | £
| Cost |
| At 1 May 2024 | 7,963
| At 30 April 2025 | 7,963
| Amortisation |
| At 1 May 2024 | 7,963
| At 30 April 2025 | 7,963
| Net book value |
| At 30 April 2025 | -
| At 30 April 2024 | -
Page 7
T C & N TAYLOR LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
5. | Tangible fixed assets
|  | Short-term leasehold property | Plant and machinery | Motor vehicles | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 May 2024 | 729,576 | 8,601,693 | 356,058 | 9,687,327
| Additions | - | 1,479,240 | 49,577 | 1,528,817
| Disposals | (729,576) | (663,341) | (75,955) | (1,468,872)
| At 30 April 2025 | - | 9,417,592 | 329,680 | 9,747,272
| Depreciation |  |  |  |
| At 1 May 2024 | - | 4,830,448 | 154,365 | 4,984,813
| Charge for the year on owned assets | - | 532,879 | 37,041 | 569,920
| Charge for the year on financed assets | - | 508,844 | 17,256 | 526,100
| Disposals | - | (294,479) | (41,874) | (336,353)
| At 30 April 2025 | - | 5,577,692 | 166,788 | 5,744,480
| Net book value |  |  |  |
| At 30 April 2025 | - | 3,839,900 | 162,892 | 4,002,792
| At 30 April 2024 | 729,576 | 3,771,245 | 201,693 | 4,702,514
Page 8
T C & N TAYLOR LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
6. | Fixed asset investments
|  | Investment property
|  | £
| Cost or valuation |
| At 1 May 2024 | 193,928
| At 30 April 2025 | 193,928
| Net book value |
| At 30 April 2025 | 193,928
| At 30 April 2024 | 193,928
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 969,282 | 1,017,102
| Amounts owed by group undertakings | 3,848,149 | 3,429,425
| Other debtors | 321,903 | 301,212
| Prepayments and accrued income | 214,613 | 267,230
|  | 5,353,947 | 5,014,969
Page 9
T C & N TAYLOR LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 381,583 | 370,583
| Payments received on account | 14,512 | 14,871
| Trade creditors | 1,402,093 | 557,444
| Corporation tax | 45,335 | 18,497
| Other taxation and social security | 15,371 | 9,766
| Obligations under finance lease and hire purchase contracts | 485,760 | 634,252
| Other creditors | 307,020 | 322,667
| Accruals and deferred income | 26,208 | 18,591
|  | 2,677,882 | 1,946,671
| The company bank loan is secured by the personal assets of Mr TC Taylor (Director). Creditors:amounts falling due within one year includes hire purchase £485,760 (2024:£634,252), which is secured against plant and machinery owned by the company.
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 1,443,380 | 1,833,044
| Net obligations under finance leases and hire purchase contracts | 182,641 | 313,704
|  | 1,626,021 | 2,146,748
| The company bank loan is secured by the personal assets of Mr TC Taylor (Director). Creditors:amounts falling due after more than one year includes hire purchase £182,641 (2024:£313,704), which is secured against plant and machinery owned by the company.
Page 10
T C & N TAYLOR LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
10. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 381,583 | 370,583
|  | 381,583 | 370,583
| Amounts falling due 1-2 years |  |
| Bank loans | 309,399 | 379,583
|  | 309,399 | 379,583
| Amounts falling due 2-5 years |  |
| Bank loans | 906,000 | 894,678
|  | 906,000 | 894,678
| Amounts falling due after more than 5 years |  |
| Bank loans | 227,980 | 558,783
|  | 227,980 | 558,783
|  | 1,824,962 | 2,203,627
11. | Hire purchase and finance leases
| Minimum lease payments under hire purchase fall due as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Within one year | 485,760 | 634,235
| Between 1-5 years | 182,641 | 313,721
|  | 668,401 | 947,956
Page 11
T C & N TAYLOR LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
12. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (960,317)
| Charged to profit or loss | (876)
| At end of year | (961,193)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (961,193) | (960,317)
|  | (961,193) | (960,317)
13. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Authorised, allotted, called up and fully paid |  |
|  | 20 (2024 - 20) Ordinary 'A' shares of £1.00 each | 20 | 20
|  | 20 (2024 - 20) Ordinary 'B' shares of £1.00 each | 20 | 20
|  | 20 (2024 - 20) Ordinary 'C' shares of £1.00 each | 20 | 20
|  | 20 (2024 - 20) Ordinary 'D' shares of £1.00 each | 20 | 20
|  | 20 (2024 - 20) Ordinary 'E' shares of £1.00 each | 20 | 20
|  |  | 100 | 100
14. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £166,661 (2024 - £141,327). Contributions totalling £nil (2024 - £nil) were payable to the fund at the balance sheet date.
15. | Related party transactions
| During the year, the company has operated loan accounts with connected parties. At the year end the loan account balances due to connected parties totalled £255,946 (2024:£296,214).
Page 12
T C & N TAYLOR LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
16. | Controlling party
The controlling party is Home Farm (Shropshire) Ltd. The parent and the group headed by it qualify as small within the meaning of the Act. The company is exempt from the obligation to prepare and deliver group accounts. The registered address of the parent undertaking is: Home Farm, Ebrey Wood, Astley, Shrewsbury, United Kingdom, SY4 4DD.
Page 13