TAYLOR_CARRIDGE_LIMITED - Accounts

TAYLOR CARRIDGE LIMITED - Company Information

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Company Registration No. 07829982 (England and Wales)

TAYLOR CARRIDGE LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

TAYLOR CARRIDGE LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

3 - 4

TAYLOR CARRIDGE LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TAYLOR CARRIDGE LIMITED FOR THE YEAR ENDED 31 MARCH 2015

- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Taylor Carridge Limited for the year ended 31 March 2015 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of Taylor Carridge Limited, as a body, in accordance with the terms of our engagement letter dated. Our work has been undertaken solely to prepare for your approval the financial statements of Taylor Carridge Limited and state those matters that we have agreed to state to the Board of Directors of Taylor Carridge Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Taylor Carridge Limited and it's Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Taylor Carridge Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Taylor Carridge Limited. You consider that Taylor Carridge Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Taylor Carridge Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moore and Smalley LLP

Chartered Accountants

Richard House

9 Winckley Square

Preston

PR1 3HP

12 November 2015

TAYLOR CARRIDGE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 2 -

2015

2014

Notes

Fixed assets

Tangible assets

433

542

Current assets

Stocks

11,674

31,245

Debtors

19,779

18,059

Cash at bank and in hand

416

2,094

31,869

51,398

Creditors: amounts falling due within one year

(52,564)

(82,515)

Net current liabilities

(20,695)

(31,117)

Total assets less current liabilities

(20,262)

(30,575)

(20,262)

(30,575)

Capital and reserves

Called up share capital

100

Profit and loss account

(20,362)

(30,675)

Shareholders' funds

(20,262)

(30,575)

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 11 November 2015

Mr D Myers

Director

Company Registration No. 07829982

TAYLOR CARRIDGE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The directors have confirmed that the company has adequate cash funds and the support of the David H Myers group of companies for at least the next twelve months, following the balance sheet signing date. As a consequence the financial statements are prepared on a going concern basis.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts invoiced for products net of VAT and trade discounts. Income is deferred if the product was not despatched at the balance sheet date. Similarly, income is accrued if the product has been despatched at the same date, but no invoice yet raised.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

15% per annum straight line

1.5

Stock

Stock is valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving items.

1.6

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.7

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exception:

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

1.8

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

TAYLOR CARRIDGE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 4 -

Fixed assets

Tangible assets

Cost

At 1 April 2014 & at 31 March 2015

711

Depreciation

At 1 April 2014

171

Charge for the year

107

At 31 March 2015

278

Net book value

At 31 March 2015

433

At 31 March 2014

542

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £17,620 (2014 - £16,079).

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100