G Taylor & Son Ltd - Filleted accounts

Registered number

05378413

G Taylor & Son Ltd

Filleted Accounts

31 March 2026

G Taylor & Son Ltd
Registered number:		05378413
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		61,075			75,339

Current assets
Debtors	4	559,628			581,824
Cash at bank and in hand		102,992			311,839
		662,620			893,663

Creditors: amounts falling due within one year	5	(84,667)			(136,875)

Net current assets			577,953			756,788

Total assets less current liabilities			639,028			832,127


Provisions for liabilities			(11,852)			(14,314)


Net assets			627,176			817,813

Capital and reserves
Called up share capital			71			91
Profit and loss account			627,105			817,722

Shareholders' funds			627,176			817,813

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.




E Astbury
Director
Approved by the board on 30 June 2026

G Taylor & Son Ltd
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 significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by 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.

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

	Motor vehicles			over 4 years
	Plant and machinery			over 4 years
	Fixtures, fittings, tools and equipment			over 4 years & 15% RBM

	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.

	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.

	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.

	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					10		10


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2025	50,578		44,929		92,728		188,235
	At 31 March 2026	50,578		44,929		92,728		188,235

	Depreciation
	At 1 April 2025	-		37,338		75,558		112,896
	Charge for the year	-		3,019		11,245		14,264
	At 31 March 2026	-		40,357		86,803		127,160

	Net book value
	At 31 March 2026	50,578		4,572		5,925		61,075
	At 31 March 2025	50,578		7,591		17,170		75,339


4	Debtors					2026		2025
£							£

	Trade debtors					117,107		138,951
	Other debtors					442,521		442,873
						559,628		581,824


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

	Trade creditors					6,068		16,500
	Taxation and social security costs					73,844		114,785
	Other creditors					4,755		5,590
						84,667		136,875


6	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	G Taylor
	Diretcors Loan Account	120,255		189,955		(31,570)		278,640

	V Taylor (Resigned 23rd March 2026)
	Diretcors Loan Account	139,341		40,053		(179,394)		-

	E Astbury
	Diretcors Loan Account	57,928		56,885		(61,536)		53,277

		317,524		286,893		(272,500)		331,917


7	Controlling party

	The company was under the control of Mr G Taylor by virtue of him owning the majority of the issued share capital.


8	Other information

	G Taylor & Son Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	12 Granary Wharf Business Park
	Wetmore Road
	Burton upon Trent
	Staffordshire
	DE14 1DU