D L Taylor Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04486706 (England and Wales)

D L Taylor Limited

Unaudited Financial Statements

for the Year Ended 31 July 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D.L. Taylor

SECRETARY:

Mrs T A Taylor

REGISTERED OFFICE:

25 Lower Duncan Road

Park Gate

Southampton

Hampshire

SO31 1BE

REGISTERED NUMBER:

04486706 (England and Wales)

ACCOUNTANTS:

Barter Durgan

Chartered Accountants

10, Victoria Road South

Southsea

Hampshire

PO5 2DA

BANKERS:

Barclays Bank

PO Box 156

Fareham

Hampshire

PO16 0AX

FIXED ASSETS

Tangible assets

4

5,322

5,818

CURRENT ASSETS

Debtors

5

550

550

Cash at bank

4,262

2,228

4,812

2,778

CREDITORS

Amounts falling due within one year

6

4,684

7,956

NET CURRENT ASSETS/(LIABILITIES)

128

(5,178

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,450

640

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

5,350

540

SHAREHOLDERS' FUNDS

5,450

640

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 April 2022 and were signed by:

Mr D.L. Taylor - Director

1.	STATUTORY INFORMATION

D L Taylor 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.

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.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 August 2020

11,563

529

12,092

Additions

-

1,047

1,047

At 31 July 2021

11,563

1,576

13,139

DEPRECIATION

At 1 August 2020

5,745

529

6,274

Charge for year

1,455

88

1,543

At 31 July 2021

7,200

617

7,817

NET BOOK VALUE

At 31 July 2021

4,363

959

5,322

At 31 July 2020

5,818

-

5,818

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

550

550

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Taxation

1,640

338

Social security and other taxes

71

290

Directors' current accounts

2,457

6,824

Accrued expenses

516

504

4,684

7,956

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary

£1

100

100

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director D L Taylor.