George Taylor Holdings Limited 30/11/2020 iXBRL
George Taylor Holdings Limited 30/11/2020 iXBRL
REGISTRAR
Company registration number:
SC032367
Unaudited filleted financial statements
Contents
Statement of financial position
Notes to the financial statements
Statement of financial position
30 November 2020
2020 | 2019 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Investments | 6 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Debtors | 7 | - |
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Cash at bank and in hand |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year | 8 |
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_______ | _______ | ||||||||
Net current assets |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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Provisions for liabilities |
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_______ | _______ | ||||||||
Net assets |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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Share premium account |
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Capital redemption reserve |
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Profit and loss account |
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_______ | _______ | ||||||||
Shareholders funds |
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_______ | _______ | ||||||||
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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
07 June 2021
, and are signed on behalf of the board by:
Director
Director
Company registration number:
SC032367
Notes to the financial statements
Year ended 30 November 2020
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Kemp Street, Hamilton, Lanarkshire, ML3 6PQ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
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.
Taxation
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
Provisions
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2019:
3
).
5.
Tangible assets
Freehold property | Total | ||
£ | £ | ||
Cost or valuation | |||
At 1 December 2019 |
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Additions | 113,630 | 113,630 | |
Revaluation |
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_______ | _______ | ||
At 30 November 2020 |
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_______ | _______ | ||
Depreciation | |||
At 1 December 2019 and 30 November 2020 | - | - | |
_______ | _______ | ||
Carrying amount | |||
At 30 November 2020 |
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_______ | _______ | ||
At 30 November 2019 |
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_______ | _______ | ||
6.
Investments
Other investments other than loans | Total | ||
£ | £ | ||
Cost | |||
At 1 December 2019 and 30 November 2020 |
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_______ | _______ | ||
Impairment | |||
At 1 December 2019 and 30 November 2020 | - | - | |
_______ | _______ | ||
Carrying amount | |||
At 30 November 2020 |
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_______ | _______ | ||
At 30 November 2019 |
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_______ | _______ | ||
7.
Debtors
2020 | 2019 | |||
£ | £ | |||
Trade debtors | - |
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Other debtors | - |
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_______ | _______ | |||
- |
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_______ | _______ | |||
8.
Creditors: amounts falling due within one year
2020 | 2019 | |||
£ | £ | |||
Trade creditors | - |
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Corporation tax |
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Social security and other taxes |
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- | ||
Other creditors |
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_______ | _______ | |||
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_______ | _______ | |||
9.
Controlling party