Taylor HR Solutions Limited - Accounts to registrar (filleted) - small 22.3

Taylor HR Solutions Limited

Financial Statements for the Year Ended 31 March 2022

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

1,584

1,436

CURRENT ASSETS

Stocks

-

3,582

Debtors

5

50,961

33,379

Cash at bank

43,642

32,433

94,603

69,394

CREDITORS

Amounts falling due within one year

6

52,318

40,379

NET CURRENT ASSETS

42,285

29,015

TOTAL ASSETS LESS CURRENT LIABILITIES

43,869

30,451

CREDITORS

Amounts falling due after more than one year

7

22,457

28,904

NET ASSETS

21,412

1,547

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

21,410

1,545

SHAREHOLDERS' FUNDS

21,412

1,547

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 14 December 2022 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

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 6 (2021 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2021

1,759

7,518

9,277

Additions

-

1,067

1,067

At 31 March 2022

1,759

8,585

10,344

DEPRECIATION

At 1 April 2021

1,176

6,665

7,841

Charge for year

145

774

919

At 31 March 2022

1,321

7,439

8,760

NET BOOK VALUE

At 31 March 2022

438

1,146

1,584

At 31 March 2021

583

853

1,436

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

43,740

33,379

Prepayments

7,221

-

50,961

33,379

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

5,781

5,781

Trade creditors

23,513

11,800

Corporation tax

4,267

-

PAYE

-

3,790

VAT

10,615

9,625

Directors' current accounts

7,342

8,583

Accrued expenses

800

800

52,318

40,379

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans - 1-2 years

6,937

6,937

Bank loans - 2-5 years

15,520

21,967

22,457

28,904