Report of the Directors and Financial Statements for the year ended 31 March 2010 For Taylor Owen Limited
Taylor Owen Limited
Contents of the Financial Statements For the year ended 31 March 2010
Company Information
Page 1
Report of the Directors
2
Balance Sheet
3
Notes to the Financial Statements
4
Taylor Owen Limited Company Information For the year ended 31 March 2010
DIRECTORS:
A P Owen
S A Owen
SECRETARY:
REGISTERED OFFICE:
REGISTERED NUMBER:
A P Owen
20 Llay Court Estate Llay Wrexham LL12 OPN
2115567 (England & Wales)
Taylor Owen Limited Report of the Directors For the year ended 31 March 2010
The Directors present their report with the Financial Statements of the Company for the year ended 31 March 2010
PRINCIPAL ACTIVITY The principal activity of the company in the year under review is that of management services. The directors during the year under review were: A P Owen S A Owen The beneficial interests of the directors holding office on 31 March 2006 in the issued share capital of the company were as follows: Ordinary ÂŁ1.00 shares
31.3.2010
A P Owen
5,000
This report has been prepared in accordance with the special provisions of Part VII of the Companies Act 1985 relating to small companies.
ON BEHALF OF THE BOARD
S A Owen Director Dated 4 January 2011
Taylor Owen Limited Profit and Loss Account For the year ended 31 March 2010
TURNOVER Administrative expenses,
0 3,056
OPERATING PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION
(3,056)
Tax on profit on ordinary Activities
0
PROFIT FOR THE FINANCIAL YEAR AFTER TAXATION
(3,056)
RETAINED PROFIT CARRIED FORWARD
398
Taylor Owen Limited Balance Sheet 31 March 2010
£
£
FIXED ASSETS (notes 3) 28,548 CURRENT ASSETS: Debtors (notes 4) Cash at bank CREDITORS (notes 5) Amounts falling due within one year
185 23,335
NET CURRENT ASSETS:
5,398
TOTAL ASSETS LESS CURRENT LIABILITIES:
5,398
CAPITAL AND RESERVES: Called up share capital (notes 6) Profit and loss account
5,000 398
Shareholders funds
5,398
For the year ending 31 March 2010 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These financial statements have been prepared in accordance with the special provisions of part VII of the companies’ act 1985 relating to small companies and with the financial reporting standard for smaller entities (effective March 2000)
ON BEHALF OF THE BOARD:
S A Owen – DIRECTOR Approved by the Board on 4 January 2011
Taylor Owen Limited Notes to the Financial Statements For the year ended 31 March 2010 1.
ACCOUNTING POLICIES 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 March 2000). Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Deferred taxation
Provision is made at the current rates for taxation deferred in respect of all material timing differences except to the extent that, in the opinion of the directors, there is reasonable probability that the liability will not arise in the foreseeable future. 1.
OPPERATING PROFIT The operating profit is stated after charging: 31.3.2010 £ Depreciation
2,850 FIXED ASSETS
2. COST: At 1 April 2009
31,398
DEPRECIATION Charge for year
(2,850)
NET BOOK VALUE: At 31 March 2010
28,548 DEBTORS:
3.
Amounts falling due within one year
£
Prepayments & accrued income
-
Taylor Owen Limited Notes to the Financial Statements For the year ended 31 March 2010 4.
CREDITOR: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdraft Trade creditors Taxation Directors current account 23,335
5.
23,335
CALLED UP SHARE CAPITAL
Authorised Number:
Class:
Nominal Value:
1,000
Ordinary
£1.00
Allotted issued and fully paid: Number: Class:
Nominal value:
2
£1.00
Ordinary
£ 5,000 £ 5,000
Taylor Owen Profit and Loss Account For the year ended 31 March 2010
£ Income Expenditure: Admin, charges & expenses Depreciation NET PROFIT
0
206 2,850 3,056 (3,056)