IRIS Accounts Production v25.1.4.42 SC135704 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1357042023-12-31SC1357042024-12-31SC1357042024-01-012024-12-31SC1357042022-12-31SC1357042023-01-012023-12-31SC1357042023-12-31SC135704ns15:Scotland2024-01-012024-12-31SC135704ns14:PoundSterling2024-01-012024-12-31SC135704ns10:Director12024-01-012024-12-31SC135704ns10:PrivateLimitedCompanyLtd2024-01-012024-12-31SC135704ns10:SmallEntities2024-01-012024-12-31SC135704ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-31SC135704ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-31SC135704ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-31SC135704ns10:AbridgedAccounts2024-01-012024-12-31SC13570412024-01-012024-12-31SC135704ns10:OrdinaryShareClass12024-01-012024-12-31SC135704ns10:OrdinaryShareClass22024-01-012024-12-31SC135704ns10:Director22024-01-012024-12-31SC135704ns10:Director32024-01-012024-12-31SC135704ns10:Director42024-01-012024-12-31SC135704ns10:CompanySecretary12024-01-012024-12-31SC135704ns10:RegisteredOffice2024-01-012024-12-31SC135704ns5:CurrentFinancialInstruments2024-12-31SC135704ns5:CurrentFinancialInstruments2023-12-31SC135704ns5:Non-currentFinancialInstruments2024-12-31SC135704ns5:Non-currentFinancialInstruments2023-12-31SC135704ns5:ShareCapital2024-12-31SC135704ns5:ShareCapital2023-12-31SC135704ns5:SharePremium2024-12-31SC135704ns5:SharePremium2023-12-31SC135704ns5:CapitalRedemptionReserve2024-12-31SC135704ns5:CapitalRedemptionReserve2023-12-31SC135704ns5:FurtherSpecificReserve1ComponentTotalEquity2024-12-31SC135704ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-31SC135704ns5:RetainedEarningsAccumulatedLosses2024-12-31SC135704ns5:RetainedEarningsAccumulatedLosses2023-12-31SC135704ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-31SC135704ns5:PatentsTrademarksLicencesConcessionsSimilar2024-01-012024-12-31SC135704ns5:ComputerEquipment2024-01-012024-12-31SC135704ns10:OrdinaryShareClass12024-12-31SC135704ns10:OrdinaryShareClass22024-12-31SC135704ns5:RetainedEarningsAccumulatedLosses2023-12-31SC135704ns5:SharePremium2023-12-31SC135704ns5:CapitalRedemptionReserve2023-12-31SC135704ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-31SC135704ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-31
REGISTERED NUMBER: SC135704 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

The Taylor Clarke Partnership Limited

The Taylor Clarke Partnership Limited (Registered number: SC135704)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


The Taylor Clarke Partnership Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: L Clarke
A Houston
B R Clarke
S P Kujawa





SECRETARY: MCM Secretaries Limited





REGISTERED OFFICE: 20-23 Woodside Place
Glasgow
G3 7QL





REGISTERED NUMBER: SC135704 (Scotland)





ACCOUNTANTS: AMAS Murrison Limited
Chartered Accountants
10 Newton Terrace
Charing Cross
Glasgow
G3 7PJ

The Taylor Clarke Partnership Limited (Registered number: SC135704)

Abridged Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 537 939
537 939

CURRENT ASSETS
Debtors 91,207 187,757
Cash at bank and in hand 236,558 261,820
327,765 449,577
CREDITORS
Amounts falling due within one year 226,584 301,117
NET CURRENT ASSETS 101,181 148,460
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,718

149,399

CREDITORS
Amounts falling due after more than one
year

9,287

19,408
NET ASSETS 92,431 129,991

CAPITAL AND RESERVES
Called up share capital 6 18,882 18,882
Share premium 7 23,281 23,281
Capital redemption reserve 7 3,655 3,655
Other reserves 7 (39,604 ) (39,604 )
Retained earnings 7 86,217 123,777
SHAREHOLDERS' FUNDS 92,431 129,991

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Taylor Clarke Partnership Limited (Registered number: SC135704)

Abridged Statement of Financial Position - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 June 2025 and were signed on its behalf by:





L Clarke - Director


The Taylor Clarke Partnership Limited (Registered number: SC135704)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

The Taylor Clarke Partnership Limited is a private company, limited by shares , registered in Scotland. 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 nil years.

Patents and licenses
It is the policy of the company to write off such expenditure over 3 years on a straight line method.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

The Taylor Clarke Partnership Limited (Registered number: SC135704)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Employee benefit trust
The company operates an Employee Benefit Trust and has de faco control of the funds held by the trust and bears their benefits and risks. The company records certain assets and liabilities of the trust as its own. Finance and administrative costs are charged as they accrue.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024
and 31 December 2024 21,600
AMORTISATION
At 1 January 2024
and 31 December 2024 21,600
NET BOOK VALUE

At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024
and 31 December 2024 29,082
DEPRECIATION
At 1 January 2024 28,143
Charge for year 402
At 31 December 2024 28,545
NET BOOK VALUE
At 31 December 2024 537
At 31 December 2023 939

The Taylor Clarke Partnership Limited (Registered number: SC135704)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
12,500 Ordinary A £1 12,500 12,500
6,382 Ordinary B £1 6,382 6,382
18,882 18,882

7. RESERVES
Capital
Retained Share redemption Other
earnings premium reserve reserves Totals
£    £    £    £    £   

At 1 January 2024 123,777 23,281 3,655 (39,604 ) 111,109
Deficit for the year (37,560 ) (37,560 )
At 31 December 2024 86,217 23,281 3,655 (39,604 ) 73,549

8. RELATED PARTY DISCLOSURES

The company was under the control of Mr L J Clarke, Director, throughout the current and previous year. Mr L J Clarke controls 68% of the Ordinary A share capital and 41% of the Ordinary B share capital.

Included within cash at bank and in hand is an amount of £87 (2023: £86) which is held on behalf of The Taylor Clarke Partnership Limited Employee Benefit Trust.

9. OWN SHARES HELD BY EMPLOYEE BENEFIT TRUST

At the year end date The Taylor Clarke Partnership Employee Benefit Trust owns 850 Ordinary A £1 shares and 1,668 Ordinary B £1 shares.