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Report of the Director and |
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Unaudited Financial Statements for the Year Ended 31 May 2015 |
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A Taylor Electrical Limited |
REGISTERED NUMBER:
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Report of the Director and |
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Unaudited Financial Statements for the Year Ended 31 May 2015 |
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for |
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A Taylor Electrical Limited |
A Taylor Electrical Limited (Registered number: 07244435) |
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Contents of the Financial Statements |
for the Year Ended 31 May 2015 |
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Company Information | 1 |
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Report of the Director | 2 |
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Profit and Loss Account | 3 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 5 |
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A Taylor Electrical Limited |
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Company Information |
for the Year Ended 31 May 2015 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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A Taylor Electrical Limited (Registered number: 07244435) |
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Report of the Director |
for the Year Ended 31 May 2015 |
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The director presents his report with the financial statements of the company for the year ended 31 May 2015. |
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COMMENCEMENT OF TRADING |
The company commenced trading on 1st June 2014. |
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DIRECTOR |
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This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to |
small companies. |
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ON BEHALF OF THE BOARD: |
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A Taylor Electrical Limited (Registered number: 07244435) |
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Profit and Loss Account |
for the Year Ended 31 May 2015 |
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31.5.15 | 31.5.14 |
Notes | £ | £ |
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TURNOVER |
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Cost of sales |
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GROSS PROFIT |
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Administrative expenses |
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OPERATING PROFIT and |
PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION |
2 |
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Tax on profit on ordinary activities | 3 |
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PROFIT FOR THE FINANCIAL YEAR |
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A Taylor Electrical Limited (Registered number: 07244435) |
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Balance Sheet |
31 May 2015 |
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31.5.15 | 31.5.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | 8 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Profit and loss account | 10 |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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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. |
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The financial statements were approved by the director on
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A Taylor Electrical Limited (Registered number: 07244435) |
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Notes to the Financial Statements |
for the Year Ended 31 May 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Turnover represents the total invoice value, excluding value added tax, of services rendered during the year. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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2. | OPERATING PROFIT |
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The operating profit is stated after charging: |
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31.5.15 | 31.5.14 |
£ | £ |
Depreciation - owned assets |
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Director's remuneration and other benefits etc |
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3. | TAXATION |
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Analysis of the tax charge |
The tax charge on the profit on ordinary activities for the year was as follows: |
31.5.15 | 31.5.14 |
£ | £ |
Current tax: |
UK corporation tax |
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Deferred tax |
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Tax on profit on ordinary activities |
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4. | DIVIDENDS |
31.5.15 | 31.5.14 |
£ | £ |
Ordinary share of 1 |
Final | 28,000 | - |
A Taylor Electrical Limited (Registered number: 07244435) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 May 2015 |
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5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
Additions |
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At 31 May 2015 |
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DEPRECIATION |
Charge for year |
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At 31 May 2015 |
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NET BOOK VALUE |
At 31 May 2015 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.15 | 31.5.14 |
£ | £ |
Trade debtors | 2,600 | - |
Other debtors | 4,331 | 1 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.15 | 31.5.14 |
£ | £ |
Taxation and social security |
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Other creditors |
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8. | PROVISIONS FOR LIABILITIES |
31.5.15 | 31.5.14 |
£ | £ |
Deferred tax |
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Deferred |
tax |
£ |
Charge for the year | 108 |
Balance at 31 May 2015 |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.5.15 | 31.5.14 |
value: | £ | £ |
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Ordinary | 1 |
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A Taylor Electrical Limited (Registered number: 07244435) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 May 2015 |
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10. | RESERVES |
Profit |
and loss |
account |
£ |
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Profit for the year |
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Dividends | ( |
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At 31 May 2015 |
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11. | RELATED PARTY DISCLOSURES |
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Mr. A.O. Taylor, the director of the company, owns 100% of the issued share capital. |
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At the balance sheet date, Mr. Taylor owed the company £4,331 (2014 - £nil). This sum was repaid shortly after |
the year end. |
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Dividends were paid as follows:- |
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2015 2014 |
£ £ |
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A.O. Taylor 28,000 - |
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