L & A TAYLOR LIMITED - Filleted accounts

Registered number

08593614

L & A TAYLOR LIMITED

Unaudited Filleted Accounts

31 March 2026

L & A TAYLOR LIMITED
Registered number:		08593614
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	4		1,602			2,435

Current assets
Stocks		11,039			12,876
Debtors	5	83,797			85,054
Cash at bank and in hand		11,258			19,011
		106,094			116,941

Creditors: amounts falling due within one year	6	(100,267)			(110,147)

Net current assets			5,827			6,794

Total assets less current liabilities			7,429			9,229

Creditors: amounts falling due after more than one year	7		(4,125)			(14,413)



Net assets/(liabilities)			3,304			(5,184)

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			2,304			(6,184)

Shareholders' funds			3,304			(5,184)

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 members have 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.



L R TAYLOR
Director
Approved by the board on 9 October 2026

L & A TAYLOR 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 goods have transferred to the buyer. Turnover from the rendering of services is recognised when the service has been completed.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulated amortisation and any accumulated impairment losses.

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

	Fixtures and fittings	At 16.67% straight line from the month of purchase

	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.

	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.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. Rentals paid under operating leases are written off in the period to which they relate.

	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				16		16


3	Intangible fixed assets						£
	Goodwill:

	Cost
	At 1 April 2025						90,000
	At 31 March 2026						90,000

	Amortisation
	At 1 April 2025						90,000
	At 31 March 2026						90,000

	Net book value
	At 31 March 2026						-

	Goodwill has been written off in equal annual instalments over its estimated economic life of 7 years.


4	Tangible fixed assets
			Land and buildings		Plant and machinery etc		Total
£				£		£
	Cost
	At 1 April 2025		8,742		105,420		114,162
	At 31 March 2026		8,742		105,420		114,162

	Depreciation
	At 1 April 2025		8,742		102,985		111,727
	Charge for the year		-		833		833
	At 31 March 2026		8,742		103,818		112,560

	Net book value
	At 31 March 2026		-		1,602		1,602
	At 31 March 2025		-		2,435		2,435


5	Debtors				2026		2025
£						£

	Loan accounts				73,644		72,097
	Other debtors and prepayments				10,153		12,957
					83,797		85,054


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

	Bank loans and overdrafts				10,000		10,000
	Trade creditors				58,551		57,297
	Taxation and social security costs				29,389		23,079
	Accruals				2,327		2,681
	Other creditors				-		17,090
					100,267		110,147


7	Creditors: amounts falling due after one year				2026		2025
£						£

	Bank loans				4,125		14,413


8	Other financial commitments				2026		2025
£						£

	Total future minimum payments under non-cancellable operating leases				134,167		32,219


9	Related party transactions

	Dividends paid to directors amount to £1,000 (2025 - £Nil).

	The directors have personally guaranteed the payment of rent due under the company's lease and have also guaranteed the performance of certain conditions required under the franchise agreement with The Headmasters Partnership Limited.


10	Controlling party

	Throughout this and the previous period the company has been under the control of Ms A D Taylor and Ms L R Taylor, both of whom are directors and shareholders.


11	Other information

	L & A TAYLOR LIMITED is a private company limited by shares and incorporated in England. Its registered office is Dawes Court House, Dawes Court, High Street, Esher, KT10 9QD.