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TAYLOR AND RALTON LIMITED - Company Information

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Taylor & Ralton Ltd

Registered Number:SC341845

For the year ended 31 March 2019

Scotland

Unaudited Financial Statements

As at 31 March 2019

Taylor & Ralton Ltd

Statement of Financial Position

Registered Number :

SC341845

2018

2019

Notes

Fixed assets

Property, plant and equipment

4,891

6,150

4,891

6,150

Current assets

Inventories

4,913

4,597

Trade and other receivables

7,306

20,441

21,790

Cash and cash equivalents

28,734

53,772

34,009

Trade and other payables: amounts falling due within one

year

(28,236)

(35,461)

5,773

18,311

Net current assets

Total assets less current liabilities

23,202

11,923

23,202

Net assets

11,923

Capital and reserves

Called up share capital

100

Retained earnings

23,102

11,823

23,202

11,923

Shareholders' funds

For the year ended 31 March 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of

each financial year and of its profit or loss for each financial year in accordance with the requirements of Section

394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial

statements, so far as applicable to the company.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Mrs Norma Buchan Director

These financial statements were approved and authorised for issue by the Board on 22 October 2019 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2019

Taylor & Ralton Ltd

Notes to the Financial Statements

Statutory Information

Taylor & Ralton Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number

SC341845.

Registered address:

The Bistro at the Brunton Theatre

Brunton Hall

Ladywell Way

EH21 6AF

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of 4 years.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery

20% Reducing balance

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

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For the year ended 31 March 2019

Taylor & Ralton Ltd

Notes to the Financial Statements Continued

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 April 2018

16,000

At 31 March 2019

16,000

Amortisation

At 01 April 2018

16,000

At 31 March 2019

16,000

Net book value

At 31 March 2019

At 31 March 2018

3. Property, plant and equipment

Plant and

machinery

Cost or

valuation

At 01 April 2018

19,901

At 31 March 2019

19,901

Provision for depreciation and impairment

At 01 April 2018

13,751

Charge for year

1,259

At 31 March 2019

15,010

At 31 March 2019

Net book value

4,891

At 31 March 2018

6,150

In respect of certain fixed assets stated at valuations, the comparable historical cost and depreciation values are as

follows:

Historical cost

16,000

At 01 April 2018

Depreciation

16,000

At 01 April 2018

At 31 March 2019

16,000

Net historical cost value:

At 31 March 2018

At 31 March 2019

16,000

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For the year ended 31 March 2019

Taylor & Ralton Ltd

Notes to the Financial Statements Continued

4. Inventories

2018

2019

Stocks

4,597

4,913

5. Trade and other receivables

2018

2019

Trade debtors

15,821

2,563

Other debtors

4,620

4,743

7,306

20,441

6. Trade and other payables: amounts falling due within one year

2018

2019

Trade creditors

7,375

3,182

Taxation and social security

25,580

22,841

Other creditors

2,506

2,213

35,461

28,236

7. Guarantees and other financial commitments

Guarantees and contingent assets and liabilities

There was a contingent liabiltiy at the year-end of £24,602 for statutory redundancy pay which may or may not

arise due to circumstances beyond the Company's control.

8. Average number of persons employed

During the year the average number of employees was 16 (2018 : 17)

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