Company Registration No. 12083959 (England and Wales)
Frank Taylor & Ays Ltd
Unaudited accounts
for the year ended 31 December 2025
Frank Taylor & Ays Ltd
Statement of financial position
as at 31 December 2025
Intangible assets
48,000
60,000
Tangible assets
159,894
87,238
Cash at bank and in hand
66,276
30,980
Creditors: amounts falling due within one year
(312,824)
(184,148)
Net current (liabilities)/assets
(11,846)
37,013
Net assets
196,048
184,251
Called up share capital
100
100
Profit and loss account
195,948
184,151
Shareholders' funds
196,048
184,251
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2026 and were signed on its behalf by
Imran Raja
Director
Company Registration No. 12083959
Frank Taylor & Ays Ltd
Notes to the Accounts
for the year ended 31 December 2025
Frank Taylor & Ays Ltd is a private company, limited by shares, registered in England and Wales, registration number 12083959. The registered office is Frank Taylor Chemists, Leeds Road, Nelson, Lancashire, BB9 8EH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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 within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
4 Years Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 31 December 2025
120,000
Charge for the year
12,000
At 31 December 2025
72,000
At 31 December 2025
48,000
At 31 December 2024
60,000
Frank Taylor & Ays Ltd
Notes to the Accounts
for the year ended 31 December 2025
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2025
101,100
18,161
5,300
5,575
130,136
Additions
-
109,562
250
12,047
121,859
Disposals
-
(18,161)
-
-
(18,161)
At 31 December 2025
101,100
109,562
5,550
17,622
233,834
At 1 January 2025
26,410
11,457
2,586
2,445
42,898
Charge for the year
10,110
27,391
593
4,405
42,499
On disposals
-
(11,457)
-
-
(11,457)
At 31 December 2025
36,520
27,391
3,179
6,850
73,940
At 31 December 2025
64,580
82,171
2,371
10,772
159,894
At 31 December 2024
74,690
6,704
2,714
3,130
87,238
Amounts falling due within one year
Trade debtors
192,930
158,939
Accrued income and prepayments
-
1,640
Other debtors
11,297
12,567
7
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
85,355
-
Trade creditors
80,363
59,772
Taxes and social security
33,702
27,796
Other creditors
10,991
4,285
Loans from directors
13,679
18,559
Deferred income
87,434
71,498
8
Average number of employees
During the year the average number of employees was 10 (2024: 6).