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Company Registration No. 07579153 (England and Wales)
Julian Taylor Design Associates Limited Unaudited accounts for the year ended 31 March 2023
Julian Taylor Design Associates Limited Unaudited accounts Contents
Page
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Julian Taylor Design Associates Limited Company Information for the year ended 31 March 2023
Directors
Mr J G R Taylor Mrs C Taylor
Company Number
07579153 (England and Wales)
Registered Office
Highland House Mayflower Close Eastleigh Hampshire SO53 4AR
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Julian Taylor Design Associates Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
28,800 
81,000 
Tangible assets
508 
816 
29,308 
81,816 
Current assets
Debtors
11,633 
13,902 
Cash at bank and in hand
547,206 
499,626 
558,839 
513,528 
Creditors: amounts falling due within one year
(147,824)
(153,396)
Net current assets
411,015 
360,132 
Total assets less current liabilities
440,323 
441,948 
Provisions for liabilities
Deferred tax
(127)
(204)
Net assets
440,196 
441,744 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
440,096 
441,644 
Shareholders' funds
440,196 
441,744 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by
Mr J G R Taylor Director Company Registration No. 07579153
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Julian Taylor Design Associates Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Julian Taylor Design Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 07579153. The registered office is Highland House, Mayflower Close, Eastleigh, Hampshire, SO53 4AR. The principal place of business is 20 Botley Road, Romsey, Hampshire , SO51 5AH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
These financial statements have been prepared in accordance with FRS102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1. The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Reducing balance
Computer equipment
3 Years Straight Line
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, was originally being amortised evenly over its estimated useful life of twenty years. Following the adoption of FRS102 in 2016, the goodwill was deemed to have a remaining useful life of ten years, and is therefore being amortised evenly over these remaining ten years. The charge in the accounts for amortisation includes an additional amount of £37,800 to bring the charge to date in line with the policy of ten years.
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Julian Taylor Design Associates Limited Notes to the Accounts for the year ended 31 March 2023
Financial Assets
The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial Liabilities
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Equity Instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 taxation
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.
Pension costs
Contributions to defined contribution plans are expensed in the period to which they relate.
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Julian Taylor Design Associates Limited Notes to the Accounts for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
180,000 
At 31 March 2023
180,000 
Amortisation
At 1 April 2022
99,000 
Charge for the year
52,200 
At 31 March 2023
151,200 
Net book value
At 31 March 2023
28,800 
At 31 March 2022
81,000 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
1,236 
8,785 
10,021 
At 31 March 2023
1,236 
8,785 
10,021 
Depreciation
At 1 April 2022
1,030 
8,175 
9,205 
Charge for the year
31 
277 
308 
At 31 March 2023
1,061 
8,452 
9,513 
Net book value
At 31 March 2023
175 
333 
508 
At 31 March 2022
206 
610 
816 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,250 
12,519 
Accrued income and prepayments
1,383 
1,383 
11,633 
13,902 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
11,194 
1,863 
Taxes and social security
29,700 
24,598 
Other creditors
140 
43 
Loans from directors
98,688 
118,488 
Accruals
8,102 
8,404 
147,824 
153,396 
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Julian Taylor Design Associates Limited Notes to the Accounts for the year ended 31 March 2023
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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