Taylor Metcalf Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07940710 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

TAYLOR METCALF LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

G M Taylor

SECRETARY:

Mrs A Taylor

REGISTERED OFFICE:

Metcalf House

33 Downleaze

Stoke Bishop

Bristol

BS9 1LX

REGISTERED NUMBER:

07940710 (England and Wales)

ACCOUNTANTS:

PJE Chartered Accountants

4 Clifton Road

Clifton

Bristol

BS8 1AG

FIXED ASSETS

Tangible assets

4

1,702

4,019

CURRENT ASSETS

Debtors

5

3,561

3,326

Cash at bank

13,383

26,730

16,944

30,056

CREDITORS

Amounts falling due within one year

6

720

4,298

NET CURRENT ASSETS

16,224

25,758

TOTAL ASSETS LESS CURRENT LIABILITIES

17,926

29,777

PROVISIONS FOR LIABILITIES

803

803

NET ASSETS

17,123

28,974

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

17,122

28,973

SHAREHOLDERS' FUNDS

17,123

28,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 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 director on 29 December 2017 and were signed by:

G M Taylor - Director

1.	STATUTORY INFORMATION

Taylor Metcalf 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.

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2016

and 31 March 2017

3,758

7,710

11,468

DEPRECIATION

At 1 April 2016

1,669

5,780

7,449

Charge for year

939

1,378

2,317

At 31 March 2017

2,608

7,158

9,766

NET BOOK VALUE

At 31 March 2017

1,150

552

1,702

At 31 March 2016

2,089

1,930

4,019

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

-

1,250

Directors' loan accounts

1,495

-

Tax

2,066

2,066

Prepayments

-

10

3,561

3,326

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Social security and other taxes

-

718

Other creditors

-

1,534

Directors' loan accounts

-

530

Accrued expenses

720

1,516

720

4,298

7.	RELATED PARTY DISCLOSURES

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G M Taylor.

The following reproduces the text of the report prepared for the director and members in respect of

the company's annual unaudited financial statements. In accordance with the Companies Act 2006,

the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement

and certain other primary statements and the Report of the Director are not required to be filed with

the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2017 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

PJE Chartered Accountants

4 Clifton Road

Clifton

Bristol

BS8 1AG

29 December 2017