Taylor Hawkes Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08923193 (England and Wales)

Financial Statements for the Year Ended 31 March 2023

for

Taylor Hawkes Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Hawkes

L Taylor

L Hayes

SECRETARY:

Best4Business Limited (Corporate)

REGISTERED OFFICE:

45 Beaufort Court

Admirals Way

London

E14 9XL

REGISTERED NUMBER:

08923193 (England and Wales)

ACCOUNTANTS:

Taylor Keeble LLP

Chartered Accountants

9 Caxton House

Broad Street

Cambourne

Cambridgeshire

CB23 6JN

FIXED ASSETS

Intangible assets

4

12,930

4,750

Tangible assets

5

52,217

16,405

65,147

21,155

CURRENT ASSETS

Debtors

6

353,961

326,662

Cash at bank

568,371

478,264

922,332

804,926

CREDITORS

Amounts falling due within one year

7

(425,612

)

(324,126

)

NET CURRENT ASSETS

496,720

480,800

TOTAL ASSETS LESS CURRENT LIABILITIES

561,867

501,955

CREDITORS

Amounts falling due after more than one year

8

(435,293

)

(186,461

)

PROVISIONS FOR LIABILITIES

(13,054

)

(3,117

)

NET ASSETS

113,520

312,377

CAPITAL AND RESERVES

Called up share capital

40

40

Retained earnings

113,480

312,337

SHAREHOLDERS' FUNDS

113,520

312,377

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 30 November 2023 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 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.

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 23 (2022 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2022

10,400

Additions

10,800

At 31 March 2023

21,200

AMORTISATION

At 1 April 2022

5,650

Charge for year

2,620

At 31 March 2023

8,270

NET BOOK VALUE

At 31 March 2023

12,930

At 31 March 2022

4,750

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2022

57,826

Additions

55,425

At 31 March 2023

113,251

DEPRECIATION

At 1 April 2022

41,421

Charge for year

19,613

At 31 March 2023

61,034

NET BOOK VALUE

At 31 March 2023

52,217

At 31 March 2022

16,405

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

238,900

253,455

Amounts owed by group undertakings

2,611

25,312

Other debtors

112,450

47,895

353,961

326,662

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

105,146

45,044

Trade creditors

36,787

5,302

Amounts owed to group undertakings

62,383

-

Taxation and social security

178,527

245,728

Other creditors

42,769

28,052

425,612

324,126

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

435,293

186,461

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023

2022

£

£

N T Hawkes and L Taylor

Balance outstanding at start of year

11,649

11,649

Amounts advanced

400,144

323,600

Amounts repaid

(472,800

)

(323,600

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(61,007

)

11,649

10.	RELATED PARTY DISCLOSURES

The company sales, on normal commercial terms, management recharge services to Taylor Hawkes Consulting Ltd, a company registered in England with number 13668654, of which the directors, Mr N Hawkes and Ms Lucy Taylor are the ultimate controlling parties.

The value of such sales during the financial period being reported (excluding VAT) was £19,120 (2022: £2,280). The total balance due from Taylor Hawkes Consulting Ltd at the end of the year was £nil (2022:£nil).

The company purchase, on normal commercial terms, commission recharge services from Taylor Hawkes Consulting Ltd, a company registered in England with number 13668654, of which the directors, Mr N Hawkes and Ms Lucy Taylor are the ultimate controlling parties.

The value of such sales during the financial period being reported (excluding VAT) was £1,857 (2022: £2,020). The total balance due to Taylor Hawkes Consulting Ltd at the end of the year was £nil (2022: £nil).

The company sales, on normal commercial terms, management recharge services to Taylor Hawkes Media & Creative Ltd, a company registered in England with number 14443883, of which the director, Mr N Hawkes is the ultimate controlling parties.

The value of such sales during the financial period being reported (excluding VAT) was £8,591 (2022: £nil). The total balance due from Taylor Hawkes Media & Creative Ltd at the end of the year was £nil (2022:£nil).

The company sales, on normal commercial terms, management recharge services to Taylor Hawkes Property & Real Estate Ltd, a company registered in England with number 14387433, of which the director, Mr N Hawkes is the ultimate controlling parties.

The value of such sales during the financial period being reported (excluding VAT) was £8,310 (2022: £nil). The total balance due from Taylor Hawkes Property & Real Estate Ltd at the end of the year was £nil (2022:£nil).

11.	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.