Taylor Power Environmental Ltd Filleted accounts for Companies House (small and micro)

TAYLOR POWER ENVIRONMENTAL LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03418937

Taylor Power Environmental Ltd

Filleted Unaudited Financial Statements

30 September 2018

Taylor Power Environmental Ltd

Statement of Financial Position

30 September 2018

	2018		2017
Note	£	£	£

Current assets

Debtors	4	42,056	100,000
Investments	5	27,804	–
Cash at bank and in hand		536,234	–
		---------	---------
		606,094	100,000

Creditors: amounts falling due within one year	6	168,986		–
		---------		---------
Net current assets			437,108	100,000
			---------	---------
Total assets less current liabilities			437,108	100,000
			---------	---------
Net assets			437,108	100,000
			---------	---------

Capital and reserves

Called up share capital	100,000	100,000
Profit and loss account	337,108	–
	---------	---------
Shareholders funds	437,108	100,000
	---------	---------

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 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.

For the year ending 30 September 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 5 December 2018 , and are signed on behalf of the board by:

Mr W H Taylor

Director

Company registration number: 03418937

Taylor Power Environmental Ltd

Notes to the Financial Statements

Year ended 30 September 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Crane House Rover Way, Cardiff Docks, Cardiff, CF10 4US, South Glamorgan.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Revenue recognition

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 sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

4. Debtors

	2018	2017
	£	£
Other debtors	42,056	100,000
	--------	---------

5. Investments

	2018	2017
	£	£
Other investments	27,804	–
	--------	----

6. Creditors: amounts falling due within one year

	2018	2017
	£	£
Trade creditors	2,532	–
Corporation tax	79,075	–
Other creditors	87,379	–
	---------	----
	168,986	–
	---------	----

7. Directors' advances, credits and guarantees

The advances to the directors were repaid in full within 9 months of the year end.