Taylor HR Solutions Limited - Accounts to registrar (filleted) - small 18.2

Taylor HR Solutions Limited

Financial Statements for the Year Ended 31 March 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs N F Taylor

Mr P M Taylor

SECRETARY:

Mrs N F Taylor

REGISTERED OFFICE:

35 Verulam Rd

Hitchin

Hertfordshire

SG5 1QE

REGISTERED NUMBER:

06323360 (England and Wales)

ACCOUNTANTS:

Hargreaves Owen Ltd

Chartered Certified Accountants

Red Sky House

Fairclough Hall, Halls Green

Weston

Hertfordshire

SG4 7DP

FIXED ASSETS

Tangible assets

4

456

900

CURRENT ASSETS

Debtors

5

13,843

16,540

Cash at bank

3,109

22,041

16,952

38,581

CREDITORS

Amounts falling due within one year

6

8,650

20,843

NET CURRENT ASSETS

8,302

17,738

TOTAL ASSETS LESS CURRENT LIABILITIES

8,758

18,638

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

8,756

18,636

SHAREHOLDERS' FUNDS

8,758

18,638

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 22 December 2020 and were signed on its behalf by:

Mrs N F Taylor - Director

1.	STATUTORY INFORMATION

Taylor HR Solutions 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 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.

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 reducing balance

Computer equipment

-

33% on cost

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 3 (2019 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2019

and 31 March 2020

1,239

6,258

7,497

DEPRECIATION

At 1 April 2019

897

5,700

6,597

Charge for year

85

359

444

At 31 March 2020

982

6,059

7,041

NET BOOK VALUE

At 31 March 2020

257

199

456

At 31 March 2019

342

558

900

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

13,843

16,540

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

1,358

1,604

Corporation tax

(527

)

6,635

PAYE

-

1,960

VAT

5,892

6,474

Other creditors

-

1,000

Pension fund

567

-

Directors' current accounts

562

2,371

Accrued expenses

798

799

8,650

20,843