Taylor Williams Daley Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07444264 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2021

for

Taylor Williams Daley Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M R Williams Bsc FRICS

C C Daley

D Loyd

REGISTERED OFFICE:

74 South Street

Dorking

Surrey

RH4 2HD

REGISTERED NUMBER:

07444264 (England and Wales)

ACCOUNTANTS:

Bullimores LLP

Chartered Accountants

Old Printers Yard

156 South Street

Dorking

Surrey

RH4 2HF

FIXED ASSETS

Intangible assets

4

108,000

120,000

Tangible assets

5

4,615

21,999

112,615

141,999

CURRENT ASSETS

Debtors

6

92,523

134,928

Cash at bank and in hand

73,921

83,541

166,444

218,469

CREDITORS

Amounts falling due within one year

7

63,311

99,484

NET CURRENT ASSETS

103,133

118,985

TOTAL ASSETS LESS CURRENT LIABILITIES

215,748

260,984

CREDITORS

Amounts falling due after more than one year

8

42,118

9,346

NET ASSETS

173,630

251,638

CAPITAL AND RESERVES

Called up share capital

19

19

Other reserves

1

1

Retained earnings

173,610

251,618

SHAREHOLDERS' FUNDS

173,630

251,638

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 12 August 2022 and were signed on its behalf by:

C C Daley - Director

1.	STATUTORY INFORMATION

Taylor Williams Daley Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

Over the term of the lease

Computer equipment

-

50% on cost and 20% on cost

Taxation

Taxation for the year comprises current and deferred 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 or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 8 (2020 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2020

and 30 November 2021

239,997

AMORTISATION

At 1 December 2020

119,997

Charge for year

12,000

At 30 November 2021

131,997

NET BOOK VALUE

At 30 November 2021

108,000

At 30 November 2020

120,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 December 2020

1,985

5,032

25,995

26,662

59,674

Disposals

-

-

(25,995

)

-

(25,995

)

At 30 November 2021

1,985

5,032

-

26,662

33,679

DEPRECIATION

At 1 December 2020

921

3,018

12,131

21,605

37,675

Charge for year

662

1,006

3,033

1,852

6,553

Eliminated on disposal

-

-

(15,164

)

-

(15,164

)

At 30 November 2021

1,583

4,024

-

23,457

29,064

NET BOOK VALUE

At 30 November 2021

402

1,008

-

3,205

4,615

At 30 November 2020

1,064

2,014

13,864

5,057

21,999

Fixed assets, included in the above, which are held under finance leases are as follows:

Motor

vehicles

£

COST

At 1 December 2020

25,995

Disposals

(25,995

)

At 30 November 2021

-

DEPRECIATION

At 1 December 2020

12,131

Charge for year

3,033

Eliminated on disposal

(15,164

)

At 30 November 2021

-

NET BOOK VALUE

At 30 November 2021

-

At 30 November 2020

13,864

6.

DEBTORS

30.11.21

30.11.20

£

£

Amounts falling due within one year:

Trade debtors

52,083

60,568

Amounts recoverable on contract

-

12,475

Other debtors

13

-

Directors' current accounts

27,653

21,701

Tax

-

22,161

Prepayments

3,035

10,919

82,784

127,824

Amounts falling due after more than one year:

Tax

9,739

7,104

Aggregate amounts

92,523

134,928

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

£

Bank loans and overdrafts

636

-

Other loans < 1 year

7,882

-

Finance leases (see note 9)

-

5,067

Trade creditors

9,843

9,882

Tax

13,269

-

Social security and other taxes

-

3,127

VAT

27,213

63,869

Other creditors

495

676

Directors' current accounts

973

476

Accrued expenses

3,000

16,387

63,311

99,484

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.21

30.11.20

£

£

Other loans 1-5 years

42,118

-

Finance leases (see note 9)

-

9,346

42,118

9,346

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases

30.11.21

30.11.20

£

£

Net obligations repayable:

Within one year

-

5,067

Between one and five years

-

9,346

-

14,413

Non-cancellable operating

leases

30.11.21

30.11.20

£

£

Within one year

14,275

5,067

Between one and five years

38,708

9,345

52,983

14,412

10.	SECURED DEBTS

Under a debenture dated 13 April 2011, National Westminster Bank holds a fixed and floating charge over the company and its assets.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2021 and 30 November 2020:

30.11.21

30.11.20

£

£

M R Williams Bsc FRICS

Balance outstanding at start of year

15,586

14,749

Amounts advanced

3,909

837

Amounts repaid

(2,394

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

17,101

15,586

C C Daley

Balance outstanding at start of year

6,115

4,258

Amounts advanced

4,437

1,857

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

10,552

6,115

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £101,333 (2020 - £106,330) were paid to the directors .

13.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

14.	CESSATION OF ACTIVITY

On 30 November 2021 the company ceased providing architect services and its sole business is now that of surveyors.