Taylor Cobby LLP Filleted Accounts Cover
Taylor Cobby LLP
Registered No. OC391286
Information for Filing with the Registrar
31 March 2025
Taylor Cobby LLP Balance Sheet Registrar
at
31 March 2025
Registered No.
OC391286
Notes
2025
2024
£
£
Fixed assets
Tangible assets
5
18,576
22,860
18,576
22,860
Current assets
Cash at bank and in hand
5,236
4,882
5,236
4,882
Creditors: Amounts falling due within one year
6
(4,191)
(4,068)
Net current assets
1,045
814
Total assets less current liabilities
19,621
23,674
Creditors: Amounts falling due after more than one year
7
(892)
(4,435)
Net assets attributable to members
18,729
19,239
Represented by:
Members' other interests
Other reserves
18,729
19,239
18,729
19,239
18,729
19,239
These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
For the year ended 31 March 2025 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) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the members have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the members on 05 July 2025 and signed on its behalf by:
S. Cobby
Designated member
05 July 2025
Taylor Cobby LLP Notes to the Accounts Registrar
for the year ended 31 March 2025
1
General information
Taylor Cobby LLP is a limited liability partnership and incorporated in England and Wales.
Its registered number is: OC391286
Its registered office is:
Peveril House, Pilgrims Way
Westhumble
Dorking
Surrey
RH5 6AW
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and in accordance with the Statement of Recommended Practice 'Accounting for Limited Liability Partnerships' issued in December 2018.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Members' remuneration and division of profits
Remuneration is paid to certain members under a contract of employment and is included as an expense in the profit and loss account.

In addition, the LLP agreement provides that fixed amounts, determined for each member each year, be paid to members, irrespective of the profits of the LLP. These amounts are included within members' remuneration charged as an expense.

Profits are treated as being available for discretionary division only if the the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Once agreement has been reached to divide the profits, a members' share in the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses remain included within 'other reserves'.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Freehold buildings
10% Straight line
Motor vehicles
20% reducing balance basis
Furniture, fittings and equipment
20% reducing balance basis
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Information in relation to members
2025
2024
Number
Number
The average number of members during the year :
2
2
4
Employees
2025
2024
Number
Number
The average number of persons employed during the year was:
0
1
5
Tangible fixed assets
Land and buildings
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
£
Cost
At 1 April 2024
14,35529,6851,20045,240
At 31 March 2025
14,35529,6851,20045,240
Depreciation
At 1 April 2024
5,74115,6001,03922,380
Charge for the year
1,4352,817324,284
At 31 March 2025
7,17618,4171,07126,664
Net book values
At 31 March 2025
7,17911,26812918,576
At 31 March 2024
8,614
14,085
161
22,860
6
Creditors:
amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
3,5433,445
Accruals and deferred income
648623
4,1914,068
7
Creditors:
amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
8924,435
8924,435
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
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