E. A. Tailby Components Limited

Registered number

02940892

Filleted Accounts

31 March 2026

E. A. Tailby Components Limited
Registered number:		02940892
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		222,682			239,524

Current assets
Stocks		198,184			152,144
Debtors	4	107,912			98,293
Cash at bank and in hand		131,436			108,651
		437,532			359,088

Creditors: amounts falling due within one year	5	(138,777)			(97,380)

Net current assets			298,755			261,708

Net assets			521,437			501,232

Capital and reserves
Called up share capital			2			2
Profit and loss account			521,435			501,230

Shareholder's funds			521,437			501,232

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 member has 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.




S M Tailby
Director
Approved by the board on 8 June 2026

E. A. Tailby Components Limited
Notes to the Accounts
for the year ended 31 March 2026


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 significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative 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:

	Plant, machinery and office equipment	10% reducing balance
	Motor vehicles	25% reducing balance

	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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		12		13


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2025				723,101
	Additions				8,602
	At 31 March 2026				731,703

	Depreciation
	At 1 April 2025				483,577
	Charge for the year				25,444
	At 31 March 2026				509,021

	Net book value
	At 31 March 2026				222,682
	At 31 March 2025				239,524


4	Debtors		2026		2025
£				£

	Trade debtors		102,600		90,711
	Other debtors		5,312		7,582
			107,912		98,293


5	Creditors: amounts falling due within one year		2026		2025
£				£

	Obligations under finance lease and hire purchase contracts		-		732
	Trade creditors		47,360		19,360
	Amounts owed to group undertakings and undertakings in which the company has a participating interest		63,378		63,378
	Taxation and social security costs		18,470		2,655
	Other creditors		9,569		11,255
			138,777		97,380


6	Related party transactions

E.A Tailby Ltd
Parent company
Rental chagres from related party	27,000	25,200
Equipment hire from related party	-	-
Inter company balance due to related party	63,378	63,378



7	Controlling party

	The controlling party are the directors' who own the parent company E.A. Tailby Ltd.


8	Other information

	E. A. Tailby Components Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Bath Road
	Kettering
	Northants
	NN16 8NL