L Taylor Logistics Limited

L Taylor Logistics Limited

L TAYLOR LOGISTICS LIMITED - Company Information

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1 December 2017 false Taxfiler 2019.9.Web 09865214business:PrivateLimitedCompanyLtd2017-12-012018-11-30 098652142017-11-30 098652142017-12-012018-11-30 09865214business:AuditExemptWithAccountantsReport2017-12-012018-11-30 09865214business:FullAccounts2017-12-012018-11-30 098652142018-11-30 09865214business:Director12017-12-012018-11-30 09865214business:Director22017-12-012018-11-30 09865214business:RegisteredOffice2017-12-012018-11-30 098652142017-11-30 09865214core:WithinOneYear2018-11-30 09865214core:WithinOneYear2017-11-30 09865214core:ShareCapital2018-11-30 09865214core:ShareCapital2017-11-30 09865214core:RetainedEarningsAccumulatedLosses2018-11-30 09865214core:RetainedEarningsAccumulatedLosses2017-11-30 09865214business:SmallEntities2017-12-012018-11-30 09865214countries:EnglandWales2017-12-012018-11-30 09865214business:OrdinaryShareClass12017-12-012018-11-30 09865214business:OrdinaryShareClass12016-12-012017-11-30 098652142016-12-012017-11-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09865214 (England and Wales)
L Taylor Logistics Limited Unaudited accounts for the year ended 30 November 2018
L Taylor Logistics Limited Unaudited accounts Contents
Page
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L Taylor Logistics Limited Company Information for the year ended 30 November 2018
Directors
Mr L. Taylor Mrs J. Taylor
Company Number
09865214 (England and Wales)
Registered Office
103 High Street Waltham Cross Hertfordshire EN8 7AN
Accountants
Brindley Goldstein Ltd 103 High Street Waltham Cross Herts. EN8 7AN
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L Taylor Logistics Limited Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of L Taylor Logistics Limited for the year ended 30 November 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of L Taylor Logistics Limited for the year ended 30 November 2018 as set out on pages 5 - 7 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of L Taylor Logistics Limited, as a body, in accordance with the terms of our engagement letter dated 3 August 2016. Our work has been undertaken solely to prepare for your approval the accounts of L Taylor Logistics Limited and state those matters that we have agreed to state to the Board of Directors of L Taylor Logistics Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than L Taylor Logistics Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that L Taylor Logistics Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of L Taylor Logistics Limited. You consider that L Taylor Logistics 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 accounts of L Taylor Logistics 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 accounts.
Brindley Goldstein Ltd Chartered Accountants 103 High Street Waltham Cross Herts. EN8 7AN 9 July 2019
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L Taylor Logistics Limited Statement of financial position as at 30 November 2018
2018 
2017 
Notes
£ 
£ 
Current assets
Debtors
4
- 
1,068 
Cash at bank and in hand
1,075 
1,369 
1,075 
2,437 
Creditors: amounts falling due within one year
5
(4,740)
(4,365)
Net current liabilities
(3,665)
(1,928)
Net liabilities
(3,665)
(1,928)
Capital and reserves
Called up share capital
6
100 
1 
Profit and loss account
(3,765)
(1,929)
Shareholders' funds
(3,665)
(1,928)
For the year ending 30 November 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 9 July 2019.
Mr L. Taylor Director Company Registration No. 09865214
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L Taylor Logistics Limited Notes to the Accounts for the year ended 30 November 2018
1
Statutory information
L Taylor Logistics Limited is a private company, limited by shares, registered in England and Wales, registration number 09865214. The registered office is 103 High Street, Waltham Cross, Hertfordshire, EN8 7AN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
4
Debtors
2018 
2017 
£ 
£ 
Trade debtors
- 
924 
Other debtors
- 
144 
- 
1,068 
5
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Taxes and social security
3,205 
2,856 
Other creditors
144 
- 
Loans from directors
167 
21 
Accruals
1,224 
1,488 
4,740 
4,365 
6
Share capital
2018 
2017 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
1 
Shares issued during the period:
99 Ordinary shares of £1 each
99 
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L Taylor Logistics Limited Notes to the Accounts for the year ended 30 November 2018
7
Transactions with related parties
The company was under the control of Mr L. Taylor throughout the current period. Mr L. Taylor is personally interested in 50% of the company's issued share capital and his wife, Mrs J. Taylor is personally interested in the remaining 50% of the company's issued share capital. Mr L. & Mrs J. Taylor received dividends from the company during the period of £15,500 (2017 £3,000).
8
Average number of employees
During the year the average number of employees was 1 (2017: 2).
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