REGISTERED NUMBER: 05212558 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

Michael Taylor (Plymouth) Ltd

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

8

Directors:

M Taylor

Mrs S Taylor

Secretary:

Mrs S Taylor

Registered office:

38 Owen Drive

Woodford Grange

Plymouth

Devon

PL7 4RN

Registered number:

05212558 (England and Wales)

Accountants:

Websters

129 North Hill

Plymouth

Devon

PL4 8JY

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

20,184

21,183

20,184

21,183

Current assets

Debtors

6

2,898

3,668

Cash at bank

39,069

28,991

41,967

32,659

Creditors

Amounts falling due within one year

7

30,366

34,572

Net current assets/(liabilities)

11,601

(1,913

)

Total assets less current liabilities

31,785

19,270

Creditors

Amounts falling due after more than one year

8

-

(4,016

)

Provisions for liabilities

9

(5,000

)

(4,000

)

Net assets

26,785

11,254

Capital and reserves

Called up share capital

10

100

100

Retained earnings

26,685

11,154

Shareholders' funds

26,785

11,254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 June 2026 and were signed on its behalf by:

M Taylor - Director

1.	STATUTORY INFORMATION

Michael Taylor ( Plymouth) Ltd 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 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.

Turnover

Turnover is measured at the fair value of the consideration 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 goods have transferred to the buyer. Turnover from the rendering of services is recognised by the 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.

Goodwill

Goodwill was being written off in equal installments over the directors' estimate of its useful economic life by the end of 2019.

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.

Plant and machinery etc

-

15% on reducing balance

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.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 April 2025

and 31 March 2026

50,000

Amortisation

At 1 April 2025

and 31 March 2026

50,000

Net book value

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

Cost

At 1 April 2025

49,091

Additions

1,158

At 31 March 2026

50,249

Depreciation

At 1 April 2025

27,908

Charge for year

2,157

At 31 March 2026

30,065

Net book value

At 31 March 2026

20,184

At 31 March 2025

21,183

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

2,208

3,333

Prepayments and accrued income

690

335

2,898

3,668

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loan

4,332

4,179

Trade creditors

3,864

4,405

Taxation and social security

14,724

10,685

Other creditors

7,446

15,303

30,366

34,572

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loan

-

4,016

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

5,000

4,000

Deferred

tax

£

Balance at 1 April 2025

4,000

Provided during year

1,000

Balance at 31 March 2026

5,000

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary shares

£1

100

100

11.	RELATED PARTY DISCLOSURES AND TRANSACTIONS WITH DIRECTORS

At the balance sheet date, the company owed the following amounts to related parties:

Name Relationship Amount

Mr Taylor Director & shareholder £2,752

Mrs Taylor Director & shareholder £2,752

The company paid rents of £2,000 during the year to the directors for hire of storage facilities.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is M Taylor.