Taylor Tripp Limited - Accounts to registrar - small 16.3

REGISTERED NUMBER: 03104289 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

TAYLOR TRIPP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N E R Tripp

R J P Taylor

SECRETARY:

Mrs G Tripp

REGISTERED OFFICE:

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

REGISTERED NUMBER:

03104289 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

BANKERS:

HSBC Bank Plc

25 High Street

Windsor

Berkshire

SL4 1LN

FIXED ASSETS

Tangible assets

4

38,518

48,865

Investments

5

100

100

38,618

48,965

CURRENT ASSETS

Stocks

17,500

22,000

Debtors

6

53,505

81,192

Cash at bank

27,064

-

98,069

103,192

CREDITORS

Amounts falling due within one year

7

76,323

90,287

NET CURRENT ASSETS

21,746

12,905

TOTAL ASSETS LESS CURRENT LIABILITIES

60,364

61,870

CREDITORS

Amounts falling due after more than one year

8

60,000

61,250

NET ASSETS

364

620

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

264

520

SHAREHOLDERS' FUNDS

364

620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 12 April 2017 and were signed on its behalf by:

N E R Tripp - Director

1.	STATUTORY INFORMATION

Taylor Tripp 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Short leasehold

-

10% on cost

Improvements to property

-

10% on cost

Computer and office equipment

-

Straight line over 3 years

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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 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 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.

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 5 .

4.	TANGIBLE FIXED ASSETS

Computer

Improvements

and

Short

to

office

leasehold

property

equipment

Totals

£

£

£

£

COST

At 1 January 2016

1,165

61,411

26,476

89,052

Additions

-

-

1,044

1,044

At 31 December 2016

1,165

61,411

27,520

90,096

DEPRECIATION

At 1 January 2016

350

18,423

21,414

40,187

Charge for year

116

6,141

5,134

11,391

At 31 December 2016

466

24,564

26,548

51,578

NET BOOK VALUE

At 31 December 2016

699

36,847

972

38,518

At 31 December 2015

815

42,988

5,062

48,865

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2016

and 31 December 2016

100

NET BOOK VALUE

At 31 December 2016

100

At 31 December 2015

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

56,385

72,222

Bad debt provision

(2,880

)

-

Other debtors

-

2,970

Prepayments

-

6,000

53,505

81,192

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans and overdrafts

-

3,289

Trade creditors

25,059

42,102

Tax

32,460

25,758

VAT

13,792

15,554

Other creditors

2,084

2,084

Accrued expenses

2,928

1,500

76,323

90,287

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Directors' loan accounts

60,000

61,250

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £119,750 were paid to the directors .

10.	ULTIMATE CONTROLLING PARTY