D Taylor Builders Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05370995

Unaudited Financial Statements for the Year Ended 28 February 2022

for

D Taylor Builders Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr. D A Taylor

SECRETARY:

Mrs C H Taylor

REGISTERED OFFICE:

Blaenwaun Isaf

Blaencelyn Road

Plwmp

Llandysul

Ceredigion

SA44 6EU

REGISTERED NUMBER:

05370995

ACCOUNTANTS:

Thomas Croft Limited

Accountants And Taxation Consultants

Solent House

107a Alma Road

Portswood

Southampton

Hampshire

SO14 6UY

FIXED ASSETS

Tangible assets

4

44,901

33,095

CURRENT ASSETS

Stocks

5

11,939

3,701

Debtors

6

10,023

21,187

Cash at bank

11,353

25,354

33,315

50,242

CREDITORS

Amounts falling due within one year

7

15,541

20,640

NET CURRENT ASSETS

17,774

29,602

TOTAL ASSETS LESS CURRENT LIABILITIES

62,675

62,697

CREDITORS

Amounts falling due after more than one year

8

2,728

6,365

NET ASSETS

59,947

56,332

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10

59,946

56,331

SHAREHOLDERS' FUNDS

59,947

56,332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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

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

The financial statements were approved by the director and authorised for issue on 19 July 2022 and were signed by:

Mr. D A Taylor - Director

1.	STATUTORY INFORMATION

D Taylor Builders Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Short

Plant and

Motor

Computer

leasehold

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2021

-

30,703

28,802

7,456

66,961

Additions

18,814

1,953

-

280

21,047

At 28 February 2022

18,814

32,656

28,802

7,736

88,008

DEPRECIATION

At 1 March 2021

-

20,459

8,967

4,440

33,866

Charge for year

-

2,921

4,959

1,361

9,241

At 28 February 2022

-

23,380

13,926

5,801

43,107

NET BOOK VALUE

At 28 February 2022

18,814

9,276

14,876

1,935

44,901

At 28 February 2021

-

10,244

19,835

3,016

33,095

5.

STOCKS

28.2.22

28.2.21

£

£

Stocks

10,979

3,701

Work-in-progress

960

-

11,939

3,701

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.22

28.2.21

£

£

Trade debtors

8,218

19,511

Prepayments and accrued income

1,805

1,676

10,023

21,187

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.22

28.2.21

£

£

Bank loans and overdrafts

-

160

Trade creditors

819

3,852

Corporation tax

2,589

4,035

Social security and other taxes

1,774

2,043

VAT

6,578

7,482

Other creditors

451

426

Directors' current accounts

2,407

1,769

Accrued expenses

923

873

15,541

20,640

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.22

28.2.21

£

£

Bank loans - 2-5 years

2,728

6,365

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.22

28.2.21

value:

£

£

1

Ordinary

1

1

1

10.

RESERVES

Retained

earnings

£

At 1 March 2021

56,331

Profit for the year

3,615

At 28 February 2022

59,946

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2022 and 28 February 2021:

28.2.22

28.2.21

£

£

Mr. D A Taylor

Balance outstanding at start of year

(1,769

)

(8,859

)

Amounts advanced

-

9,590

Amounts repaid

(638

)

(2,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,407

)

(1,769

)

12.	RELATED PARTY DISCLOSURES

The company was under the control of Mr D A Taylor throughout the current and previous year. Mr D A Taylor is the managing director and majority shareholder.

No transactions with related parties were undertaken such as are required to be disclosed under Section 1a (Small Entities) for Financial Reporting Standard 102.