Taylor Hawkes Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08923193

Financial Statements for the Year Ended 31 March 2020

for

Taylor Hawkes Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N Hawkes

L Taylor

L Hayes

SECRETARY:

Best4Business Limited (Corporate)

REGISTERED OFFICE:

45 Beaufort Court

Admirals Way

London

E14 9XL

REGISTERED NUMBER:

08923193

ACCOUNTANTS:

Taylor Keeble LLP

Chartered Accountants

9 Caxton House

Broad Street

Cambourne

Cambridgeshire

CB23 6JN

FIXED ASSETS

Intangible assets

4

2,160

3,240

Tangible assets

5

2,377

8,517

4,537

11,757

CURRENT ASSETS

Debtors

6

165,890

89,705

Cash at bank

99,315

32,335

265,205

122,040

CREDITORS

Amounts falling due within one year

7

(131,833

)

(79,656

)

NET CURRENT ASSETS

133,372

42,384

TOTAL ASSETS LESS CURRENT LIABILITIES

137,909

54,141

PROVISIONS FOR LIABILITIES

(1,601

)

(1,448

)

NET ASSETS

136,308

52,693

CAPITAL AND RESERVES

Called up share capital

40

40

Retained earnings

136,268

52,653

SHAREHOLDERS' FUNDS

136,308

52,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 29 October 2020 and were signed on its behalf by:

N T Hawkes - Director

L Taylor - Director

1.	STATUTORY INFORMATION

Taylor Hawkes Ltd is a private company, limited by shares , registered in Not specified/Other. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 7 (2019 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2019

and 31 March 2020

5,400

AMORTISATION

At 1 April 2019

2,160

Charge for year

1,080

At 31 March 2020

3,240

NET BOOK VALUE

At 31 March 2020

2,160

At 31 March 2019

3,240

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2019

29,662

Additions

3,278

At 31 March 2020

32,940

DEPRECIATION

At 1 April 2019

21,145

Charge for year

9,418

At 31 March 2020

30,563

NET BOOK VALUE

At 31 March 2020

2,377

At 31 March 2019

8,517

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

141,804

49,708

Other debtors

24,086

39,997

165,890

89,705

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

(1,101

)

1,785

Taxation and social security

119,229

77,336

Other creditors

13,705

535

131,833

79,656

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2020 and 31 March 2019:

2020

2019

£

£

N T Hawkes and L Taylor

Balance outstanding at start of year

12,992

(732

)

Amounts advanced

174,750

189,724

Amounts repaid

(176,000

)

(176,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

11,742

12,992

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are N Hawkes and L Taylor who collectively own and control 99.5% of the issued ordinary share capital of the Company.