Loates-Taylor Shannon Limited 31/03/2026 iXBRL

Company registration number: 04996666

Loates-Taylor Shannon Limited

Unaudited filleted financial statements

31 March 2026

Loates-Taylor Shannon Limited

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Loates-Taylor Shannon Limited

Directors and other information


	Director	Mr G Shannon


	Secretary	Ms R Clarke


	Company number	04996666


	Registered office	Ground And Lower Ground Floor
		66 Wentworth Street
		London
		E1 7BB

Loates-Taylor Shannon Limited

Statement of financial position

31 March 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	5	28,486		31,626
		_______		_______
			28,486		31,626

Current assets
Debtors	6	108,690		241,834
Cash at bank and in hand		129,019		94,803
		_______		_______
		237,709		336,637
Creditors: amounts falling due
within one year	7	( 184,564)		( 318,556)
		_______		_______
Net current assets			53,145		18,081
			_______		_______
Total assets less current liabilities			81,631		49,707

Creditors: amounts falling due
after more than one year	8		-		( 1,667)
			_______		_______
Net assets			81,631		48,040
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			81,531		47,940
			_______		_______
Shareholder funds			81,631		48,040
			_______		_______

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

- The director acknowledges his 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 income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 21 August 2026 , and are signed on behalf of the board by:

Mr G Shannon

Director

Company registration number: 04996666

Loates-Taylor Shannon Limited

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ground And Lower Ground Floor, 66 Wentworth Street, London, E1 7BB.

2. Statement of compliance

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'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

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.

No provision for deferred taxation has been provided for in the financial statements, due to the amount not being material.

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 assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

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:


Short leasehold property	-	Straight line over the life of the lease
Fittings fixtures and equipment	-	15 %	reducing balance
Computer equipment	-	15 %	reducing balance

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.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 13 (2025: 12).

5. Tangible assets

	Short leasehold property	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2025	32,780	21,933	30,926	85,639
Additions	-	780	5,882	6,662
	_______	_______	_______	_______
At 31 March 2026	32,780	22,713	36,808	92,301
	_______	_______	_______	_______
Depreciation
At 1 April 2025	27,280	11,907	14,826	54,013
Charge for the year	5,500	1,524	2,778	9,802
	_______	_______	_______	_______
At 31 March 2026	32,780	13,431	17,604	63,815
	_______	_______	_______	_______
Carrying amount
At 31 March 2026	-	9,282	19,204	28,486
	_______	_______	_______	_______
At 31 March 2025	5,500	10,026	16,100	31,626
	_______	_______	_______	_______

6. Debtors

	2026	2025
	£	£
Trade debtors	107,870	241,301
Other debtors	820	533
	_______	_______
	108,690	241,834
	_______	_______

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	1,667	71,932
Trade creditors	16,979	44,406
Corporation tax	85,725	79,656
Social security and other taxes	67,555	105,965
Other creditors	12,638	16,597
	_______	_______
	184,564	318,556
	_______	_______

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

	2026	2025
	£	£
Bank loans and overdrafts	-	1,667
	_______	_______

9. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	70,000	87,963
Later than 1 year and not later than 5 years	175,000	307,854
	_______	_______
	245,000	395,817
	_______	_______

10. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2026
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr G Shannon	-	331	-	331
		_______	_______	_______	_______

2025
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr G Shannon	46,188	26,750	( 72,938)	-
		_______	_______	_______	_______