REGISTERED NUMBER: 10695684 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

TAYLORHARE ARCHITECTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T E C Hare

Mr C W Taylor

REGISTERED OFFICE:

Mackenzies Accountants

4 Kings Row

Armstrong Road

Maidstone

Kent

ME15 6AQ

REGISTERED NUMBER:

10695684 (England and Wales)

ACCOUNTANTS:

Xeinadin Isle of Wight

1 Langley Court

Pyle Street

Newport

Isle of Wight

PO30 1LA

FIXED ASSETS

Intangible assets

4

8,400

10,800

Tangible assets

5

4,889

3,776

13,289

14,576

CURRENT ASSETS

Stocks

30,448

13,749

Debtors

6

166,354

165,287

Cash at bank and in hand

468

55,888

197,270

234,924

CREDITORS

Amounts falling due within one year

7

192,955

203,631

NET CURRENT ASSETS

4,315

31,293

TOTAL ASSETS LESS CURRENT LIABILITIES

17,604

45,869

CREDITORS

Amounts falling due after more than one year

8

(14,184

)

(35,461

)

PROVISIONS FOR LIABILITIES

9

(557

)

(132

)

NET ASSETS

2,863

10,276

CAPITAL AND RESERVES

Called up share capital

10

12

12

Retained earnings

2,851

10,264

SHAREHOLDERS' FUNDS

2,863

10,276

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

Mr T E C Hare - Director

Mr C W Taylor - Director

1.	STATUTORY INFORMATION

TaylorHare Architects Ltd is a private company, limited by shares , registered in England and Wales. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten 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.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 tax

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2023

and 30 September 2024

24,000

AMORTISATION

At 1 October 2023

13,200

Amortisation for year

2,400

At 30 September 2024

15,600

NET BOOK VALUE

At 30 September 2024

8,400

At 30 September 2023

10,800

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 October 2023

25,504

1,625

31,905

59,034

Additions

-

-

3,842

3,842

At 30 September 2024

25,504

1,625

35,747

62,876

DEPRECIATION

At 1 October 2023

24,035

1,625

29,598

55,258

Charge for year

625

-

2,104

2,729

At 30 September 2024

24,660

1,625

31,702

57,987

NET BOOK VALUE

At 30 September 2024

844

-

4,045

4,889

At 30 September 2023

1,469

-

2,307

3,776

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

30,860

78,069

Other debtors

500

500

Directors' current accounts

88,819

57,862

Tax

37,311

22,712

Prepayments

8,864

6,144

166,354

165,287

Other debtors consists of rent deposit held.

The directors loan accounts were partially repaid within 9 months of the year end, interest is charged on the balance.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

26,140

23,529

Trade creditors

13,572

6,314

Tax

91,734

51,913

Social security and other taxes

4,524

22,921

VAT

51,503

92,132

Other creditors

835

2,457

Directors' current accounts

282

-

Accrued expenses

4,365

4,365

192,955

203,631

Other creditors consists of net wages short paid for £174 (2023: £Nil) and pension contributions for £661 (2023: £2,457) paid after the year end.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

14,184

21,277

Bank loans - 2-5 years

-

14,184

14,184

35,461

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

557

132

Deferred tax

£

Balance at 1 October 2023

132

Provided during year

425

Balance at 30 September 2024

557

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

45

Ordinary A

10p

5

5

45

Ordinary B

10p

5

5

5

Ordinary C

10p

1

1

5

Ordinary D

10p

1

1

12

12

11.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party. The directors, between themselves, hold the majority share capital of the company.