Registration number: 04633463

R Taylor Contractors Ltd

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 4

R Taylor Contractors Ltd

(Registration number: 04633463)
Balance Sheet as at 31 January 2025

	Note	2025 £		2024 £
Fixed assets
Tangible assets	3		1,882		2,509
Current assets
Cash at bank and in hand		494		-
Creditors: Amounts falling due within one year	4	(35,031)		(27,215)
Net current liabilities			(34,537)		(27,215)
Total assets less current liabilities			(32,655)		(24,706)
Creditors: Amounts falling due after more than one year	4		(23,278)		(28,528)
Net liabilities			(55,933)		(53,234)
Capital and reserves
Called up share capital		1		1
Profit and loss account		(55,934)		(53,235)
Total equity			(55,933)		(53,234)

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

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 November 2025
 

......................................... Mr Robert William Taylor Director

R Taylor Contractors Ltd

Notes to the Financial Statements For The Year Ended 31 January 2025

1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when, the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% Reducing balance
Commercial motor vehicles	25% Reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

R Taylor Contractors Ltd

Notes to the Financial Statements For The Year Ended 31 January 2025

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% Straight line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

3	Tangible assets

	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 February 2024	18,877	8,539	27,416
At 31 January 2025	18,877	8,539	27,416
Depreciation
At 1 February 2024	16,988	7,919	24,907
Charge for the year	472	155	627
At 31 January 2025	17,460	8,074	25,534
Carrying amount
At 31 January 2025	1,417	465	1,882
At 31 January 2024	1,889	620	2,509

R Taylor Contractors Ltd

Notes to the Financial Statements For The Year Ended 31 January 2025

4

Creditors

	2025 £	2024 £
Due within one year
Loans and borrowings	4,500	3,750
Other creditors	30,531	23,465
	35,031	27,215
Due after one year
Loans and borrowings	23,278	28,528