Silverfin false 30/04/2023 01/05/2022 30/04/2023 R Amey 21/02/2006 A Batchelor 01/05/2022 13/05/2005 R Castle 01/05/2021 M Davenport 01/05/2022 11/04/2007 S Funiciello 01/05/2022 J Gilbert 21/02/2006 C Grazier 01/07/2014 S Harvey 01/07/2005 S Howell 01/07/2005 L Kennedy 01/05/2022 13/05/2005 I Lambert 11/04/2007 J Marwood 01/05/2017 A Moat 01/08/2013 D North 01/05/2018 R Saunders 01/05/2023 M Sharkey 01/05/2023 24 October 2023 OC313211 2023-04-30 OC313211 bus:Director1 2023-04-30 OC313211 bus:Director2 2023-04-30 OC313211 bus:Director3 2023-04-30 OC313211 bus:Director4 2023-04-30 OC313211 bus:Director5 2023-04-30 OC313211 bus:Director6 2023-04-30 OC313211 bus:Director7 2023-04-30 OC313211 bus:Director8 2023-04-30 OC313211 bus:Director9 2023-04-30 OC313211 bus:Director10 2023-04-30 OC313211 bus:Director11 2023-04-30 OC313211 bus:Director12 2023-04-30 OC313211 bus:Director13 2023-04-30 OC313211 bus:Director14 2023-04-30 OC313211 bus:Director15 2023-04-30 OC313211 bus:Director16 2023-04-30 OC313211 2022-04-30 OC313211 core:CurrentFinancialInstruments 2023-04-30 OC313211 core:CurrentFinancialInstruments 2022-04-30 OC313211 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2022-04-30 OC313211 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-04-30 OC313211 core:LeaseholdImprovements 2022-04-30 OC313211 core:Vehicles 2022-04-30 OC313211 core:FurnitureFittings 2022-04-30 OC313211 core:ComputerEquipment 2022-04-30 OC313211 core:LeaseholdImprovements 2023-04-30 OC313211 core:Vehicles 2023-04-30 OC313211 core:FurnitureFittings 2023-04-30 OC313211 core:ComputerEquipment 2023-04-30 OC313211 core:CostValuation 2022-04-30 OC313211 core:CostValuation 2023-04-30 OC313211 core:OtherSubsidiariesTotalIndividuallyImmaterialSubsidiaries core:CurrentFinancialInstruments 2023-04-30 OC313211 core:OtherSubsidiariesTotalIndividuallyImmaterialSubsidiaries core:CurrentFinancialInstruments 2022-04-30 OC313211 core:OtherProvisionsContingentLiabilities 2022-04-30 OC313211 core:OtherProvisionsContingentLiabilities 2023-04-30 OC313211 core:WithinOneYear 2023-04-30 OC313211 core:WithinOneYear 2022-04-30 OC313211 core:BetweenOneFiveYears 2023-04-30 OC313211 core:BetweenOneFiveYears 2022-04-30 OC313211 2022-05-01 2023-04-30 OC313211 bus:FullAccounts 2022-05-01 2023-04-30 OC313211 bus:SmallEntities 2022-05-01 2023-04-30 OC313211 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 OC313211 bus:LimitedLiabilityPartnershipLLP 2022-05-01 2023-04-30 OC313211 bus:Director1 2022-05-01 2023-04-30 OC313211 bus:Director2 2022-05-01 2023-04-30 OC313211 bus:Director3 2022-05-01 2023-04-30 OC313211 bus:Director4 2022-05-01 2023-04-30 OC313211 bus:Director5 2022-05-01 2023-04-30 OC313211 bus:Director6 2022-05-01 2023-04-30 OC313211 bus:Director7 2022-05-01 2023-04-30 OC313211 bus:Director8 2022-05-01 2023-04-30 OC313211 bus:Director9 2022-05-01 2023-04-30 OC313211 bus:Director10 2022-05-01 2023-04-30 OC313211 bus:Director11 2022-05-01 2023-04-30 OC313211 bus:Director12 2022-05-01 2023-04-30 OC313211 bus:Director13 2022-05-01 2023-04-30 OC313211 bus:Director14 2022-05-01 2023-04-30 OC313211 bus:Director15 2022-05-01 2023-04-30 OC313211 bus:Director16 2022-05-01 2023-04-30 OC313211 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2022-05-01 2023-04-30 OC313211 core:OtherResidualIntangibleAssets 2022-05-01 2023-04-30 OC313211 core:Vehicles core:TopRangeValue 2022-05-01 2023-04-30 OC313211 core:FurnitureFittings core:TopRangeValue 2022-05-01 2023-04-30 OC313211 core:ComputerEquipment core:TopRangeValue 2022-05-01 2023-04-30 OC313211 2021-05-01 2022-04-30 OC313211 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2022-05-01 2023-04-30 OC313211 core:LeaseholdImprovements 2022-05-01 2023-04-30 OC313211 core:Vehicles 2022-05-01 2023-04-30 OC313211 core:FurnitureFittings 2022-05-01 2023-04-30 OC313211 core:ComputerEquipment 2022-05-01 2023-04-30 OC313211 core:CurrentFinancialInstruments 2022-05-01 2023-04-30 OC313211 core:OtherProvisionsContingentLiabilities 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Company No: OC313211 (England and Wales)

HARTNELL TAYLOR COOK LLP

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

HARTNELL TAYLOR COOK LLP

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

HARTNELL TAYLOR COOK LLP

STATEMENT OF FINANCIAL POSITION

As at 30 April 2023
HARTNELL TAYLOR COOK LLP

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 19,271 30,646
Tangible assets 4 429,466 375,228
Investments 5 158 158
448,895 406,032
Current assets
Debtors 6 2,423,534 2,117,926
Cash at bank and in hand 472,505 783,410
2,896,039 2,901,336
Creditors: amounts falling due within one year 7 ( 1,937,263) ( 1,890,962)
Net current assets 958,776 1,010,374
Total assets less current liabilities 1,407,671 1,416,406
Provision for liabilities 8 ( 100,000) ( 70,000)
Net assets attributable to members 1,307,671 1,346,406
Represented by
Loans and other debts due to members within one year
Other amounts 867,428 906,163
867,428 906,163
Members' other interests
Members' capital classified as equity 440,243 440,243
440,243 440,243
1,307,671 1,346,406
Total members' interests
Loans and other debts due to members 867,428 906,163
Members' other interests 440,243 440,243
1,307,671 1,346,406

For the financial year ending 30 April 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

The financial statements of Hartnell Taylor Cook LLP (registered number: OC313211) were approved and authorised for issue by the Director on 24 October 2023. They were signed on its behalf by:

S Howell
Designated member
HARTNELL TAYLOR COOK LLP

RECONCILIATION OF MEMBERS' INTERESTS

For the financial year ended 30 April 2023
HARTNELL TAYLOR COOK LLP

RECONCILIATION OF MEMBERS' INTERESTS (continued)

For the financial year ended 30 April 2023
EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Members' capital (classified as equity) Other amounts Total
£ £ £
Amounts due from members 512,485
Balance at 01 May 2021 440,243 512,485 952,728
Members' remuneration charged as an expense, including employment and retirement benefit costs 0 2,076,959 2,076,959
Members' interest after result for the financial year 440,243 2,589,444 3,029,687
Drawings 0 (1,150,424) (1,150,424)
Tax payments 0 (532,857) (532,857)
Amounts due to members 906,163
Balance at 30 April 2022 440,243 906,163 1,346,406
Members' remuneration charged as an expense, including employment and retirement benefit costs 0 1,777,053 1,777,053
Members' interest after result for the financial year 440,243 2,683,216 3,123,459
Drawings 0 (1,505,207) (1,505,207)
Tax payments 0 (474,290) (474,290)
Introduced by members 0 163,709 163,709
Amounts due to members 867,428
Balance at 30 April 2023 440,243 867,428 1,307,671

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests

HARTNELL TAYLOR COOK LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
HARTNELL TAYLOR COOK LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hartnell Taylor Cook LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is Nightingale House Redland Hill, Redland, Bristol, BS6 6SH, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The members have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the LLP and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs 5 years straight line
Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Intangible assets are not amortised until the assets are available for use.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Leasehold improvements depreciated over the life of the lease
Vehicles 5 years straight line
Fixtures and fittings 5 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The LLP as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

The LLP as lessor
Amounts due from lessees under finance leases are recognised as receivables at the amount of the company’s net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the company’s net investment outstanding in respect of leases.

Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Provisions

Provisions are recognised when the LLP has a present obligation (legal or constructive) as a result of a past event, it is probable that the LLP will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Prior year restatement

The accounts have been restated to incorporate the impact of a reclassification of direct costs from adminstrative expenses and rental income from administrative expenses. The change has resulted adminstrative expenses decreasing by £53,916 in the year ended 30 April 2022, with cost of sales increasing by £74,388 and turnover increasing by £20,472.

There is no change to the net profit for the year.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the LLP, including members, during the year 102 93

3. Intangible assets

Website costs Total
£ £
Cost
At 01 May 2022 34,125 34,125
At 30 April 2023 34,125 34,125
Accumulated amortisation
At 01 May 2022 3,479 3,479
Charge for the financial year 11,375 11,375
At 30 April 2023 14,854 14,854
Net book value
At 30 April 2023 19,271 19,271
At 30 April 2022 30,646 30,646

4. Tangible assets

Leasehold improve-
ments
Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £
Cost
At 01 May 2022 285,937 49,367 79,971 646,841 1,062,116
Additions 17,602 18,830 1,395 119,527 157,354
Disposals 0 ( 19,365) 0 0 ( 19,365)
At 30 April 2023 303,539 48,832 81,366 766,368 1,200,105
Accumulated depreciation
At 01 May 2022 70,494 49,367 28,497 538,530 686,888
Charge for the financial year 24,752 625 18,699 59,040 103,116
Disposals 0 ( 19,365) 0 0 ( 19,365)
At 30 April 2023 95,246 30,627 47,196 597,570 770,639
Net book value
At 30 April 2023 208,293 18,205 34,170 168,798 429,466
At 30 April 2022 215,443 0 51,474 108,311 375,228

5. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 May 2022 158
At 30 April 2023 158
Carrying value at 30 April 2023 158
Carrying value at 30 April 2022 158

6. Debtors

2023 2022
£ £
Trade debtors 1,588,917 1,315,155
Prepayments and accrued income 819,691 791,227
Other debtors 14,926 11,544
2,423,534 2,117,926

7. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 409,822 428,587
Amounts owed to fellow subsidiaries 158 158
Accruals and deferred income 926,029 936,827
Other taxation and social security 558,253 488,766
Other creditors 43,001 36,624
1,937,263 1,890,962

There are no amounts included above in respect of which any security has been given by the small entity.

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

8. Provision for liabilities

2023 2022
£ £
Other provisions 100,000 70,000
Other Total
£ £
At 01 May 2022 70,000 70,000
Charged to the Statement of Comprehensive Income 30,000 30,000
At 30 April 2023 100,000 100,000

9. Financial commitments

Commitments

Capital commitments are as follows:

2023 2022
£ £
Contracted for but not provided for:
- finance leases entered into 492,067 808,955

Total future minimum lease payments under non-cancellable operating leases are as follows:

2023 2022
£ £
- within one year 316,888 316,888
- between one and five years 175,179 492,067
492,067 808,955