REGISTERED NUMBER: OC358445 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2025

FOR

TAYLOR MADE FINANCIAL PLANNING LLP

Page

Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

5

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

3,959

7,828

3,959

7,828

CURRENT ASSETS

Debtors

7

287,141

223,978

Cash at bank and in hand

93,319

59,921

380,460

283,899

CREDITORS

Amounts falling due within one year

8

189,988

103,553

NET CURRENT ASSETS

190,472

180,346

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

194,431

188,174

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

74,431

168,174

MEMBERS' OTHER INTERESTS

Capital accounts

120,000

20,000

194,431

188,174

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

74,431

168,174

Members' other interests

120,000

20,000

194,431

188,174

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 26 August 2025 and were signed by:

Mrs A K Hender - Designated member

1.	STATUTORY INFORMATION

Taylor Made Financial Planning LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC358445

Registered office:

1st Floor, Torrington House

111 Hare Lane

Claygate

Esher

Surrey

KT10 0QY

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of three years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

25% straight line and 10% straight line

All fixed assets are initially recorded at cost.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Members' remuneration

Remuneration is paid to certain members under a contract of employment and is included as an expense in the profit and loss account after arriving at 'profit for the financial year before members' remuneration and profit shares'.

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 also included within members' remuneration charged to the profit and loss account.

A member's share of the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4.	EMPLOYEE INFORMATION

The average number of employees during the period was 24 (2023 - 26 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2023

and 31 March 2025

110,000

AMORTISATION

At 1 November 2023

and 31 March 2025

110,000

NET BOOK VALUE

At 31 March 2025

-

At 31 October 2023

-

6.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 November 2023

and 31 March 2025

46,010

DEPRECIATION

At 1 November 2023

38,182

Charge for period

3,869

At 31 March 2025

42,051

NET BOOK VALUE

At 31 March 2025

3,959

At 31 October 2023

7,828

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Trade debtors

261,815

203,068

Other debtors

25,326

20,910

287,141

223,978

Included in other debtors is £24,578 (2023: £20,162) in relation to prepayments and accrued income.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Bank loans and overdrafts

26,943

25,283

Trade creditors

1,983

9,333

Taxation and social security

27,122

25,560

Other creditors

133,940

43,377

189,988

103,553

Included in other creditors is £23,085 (2023: £36,241) in relation to accruals and deferred income.

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2023

£

£

Bank loans

-

5,268

Bank loans are secured by way of a debenture, borrowed under the Coronavirus Business Interruption Loan Scheme. The UK Government has provided the lender with a limited guarantee of up to 80% of the outstanding facility balance.

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up, amounts in 'Loans and other debts due to members' (other than members' capital classified as debt) would rank pari passu with other creditors who are unsecured. There is no protection afforded to creditors in such an event which is legally enforceable and cannot be revoked solely by a decision of the members.

There are no restrictions or limitations existing on the ability of the members to reduce the amount of 'Members' other interests'.

11.	OTHER FINANCIAL COMMITMENTS

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £78,202 (2023: £223,448).

This amount is in relation to operating lease commitments which are payable over the next year (2023: 2 years).