Taylor's Joinery and Plastics Limited 31/10/2025 iXBRL

Company registration number: 04929786

Taylor's Joinery and Plastics Limited

Unaudited filleted financial statements

For the year ended

31 October 2025

Taylor's Joinery and Plastics Limited

Contents

Statement of financial position

Notes to the financial statements

Taylor's Joinery and Plastics Limited

Statement of financial position

31 October 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	3	213,462		312,953
		________		________
			213,462		312,953

Current assets
Stocks		96,000		96,000
Debtors	4	367,850		335,142
Cash at bank and in hand		1,480,866		981,074
		________		________
		1,944,716		1,412,216
Creditors: amounts falling due
within one year	5	( 703,856)		( 604,849)
		________		________
Net current assets			1,240,860		807,367
			________		________
Total assets less current liabilities			1,454,322		1,120,320

Creditors: amounts falling due
after more than one year	6		( 147,966)		( 175,167)

Provisions for liabilities			-		( 11,268)

			________		________
Net assets			1,306,356		933,885
			________		________

Capital and reserves
Called up share capital			202		202
Profit and loss account			1,306,154		933,683
			________		________
Shareholders funds			1,306,356		933,885
			________		________

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 14 July 2026 , and are signed on behalf of the board by:

Mr S M Taylor

Director

Company registration number: 04929786

Taylor's Joinery and Plastics Limited

Notes to the financial statements

Year ended 31 October 2025

1. Accounting policies

General information

The company is a private company limited by shares, registered in England and Wales, registration number 04929786 . The address of the registered office is Seaton Cote, Branthwaite Lane, Seaton, Workington, CA14 1HD.

Basis of preparation

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied with the same financial statements.

The financial statements have been prepared under the historical cost convention and in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS 102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible fixed assets are included at cost less depreciation.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold and leasehold properties	-	20 %	straight line
Plant and machinery	-	20 %	straight line
Fittings fixtures and equipment	-	20 %	straight line
Motor vehicles	-	25 %	straight line
Registration plates	-	10 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and net realisable value.

Provisions

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.Tax deferred or accelerated is accounted for in respect of all material timing differences.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for fixed asset investments which are measured at fair value, with changes recognised in the fair value reserve.

Defined contribution plans

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in comprehensive income when due.

2. Employee numbers

The average number of persons employed by the company during the year amounted to 20 (2024: 20 ).

3. Tangible assets

	Freehold and leasehold properties	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Registration plates	Total
	£	£	£	£	£	£
Cost
At 1 November 2024	42,967	81,031	51,284	428,589	5,473	609,344
Additions	-	-	-	26,800	-	26,800
Disposals	-	-	-	( 16,000)	-	( 16,000)
	________	________	________	________	________	________
At 31 October 2025	42,967	81,031	51,284	439,389	5,473	620,144
	________	________	________	________	________	________
Depreciation
At 1 November 2024	15,483	60,043	44,956	171,670	4,239	296,391
Charge for the year	8,593	9,477	2,165	101,509	547	122,291
Disposals	-	-	-	( 12,000)	-	( 12,000)
	________	________	________	________	________	________
At 31 October 2025	24,076	69,520	47,121	261,179	4,786	406,682
	________	________	________	________	________	________
Carrying amount
At 31 October 2025	18,891	11,511	4,163	178,210	687	213,462
	________	________	________	________	________	________
At 31 October 2024	27,484	20,988	6,328	256,919	1,234	312,953
	________	________	________	________	________	________

4. Debtors

	2025	2024
	£	£
Trade debtors	206,622	255,551
Other debtors	161,228	79,591
	________	________
	367,850	335,142
	________	________

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	503,732	441,879
Corporation tax	159,900	132,746
Other creditors	40,224	30,224
	________	________
	703,856	604,849
	________	________

Net obligations under hire purchase contracts and finance leases are secured on the assets to which they relate.

6. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	147,966	175,167
	________	________

Net obligations under hire purchase contracts and finance leases are secured on the assets to which they relate.

7. Pension commitments

The company operates defined contribution pension schemes for certain employees. The assets of the schemes are held seperately from those of the company in independently administered funds. At the balance sheet date, 31 October 2025, unpaid contributions of £5,179 (2024: £4,081) were due to the fund.

8. Directors advances, credits and guarantees

During the year the company made advances to Mr S Taylor, a director, totalling £30,678 (2024: £5, 548). Repayments of £5,548 were made by 31 October 2025 and so the balance outstanding at the year end, 31 October 2025, was £30,678 (2024: £5,548). During the year the company made advances to Mrs J Taylor, a director, totalling £30,678 (2024: £5, 548). Repayments of £5,548 were made by 31 October 2025 and so the balance outstanding at the year end, 31 October 2025, was £30,678 (2024: £5,548). Where applicable, interest is charged on overdrawn loan accounts at the rate of 2.25% per annum to 5 April 2025 then 3.75% per annum thereafter, loans are repayable on demand.