REGISTERED NUMBER: 10986795 (England and Wales)

Financial Statements

for the Period 30 September 2023 to 31 October 2024

for

Taylor & Marin Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs S Taylor

REGISTERED OFFICE:

116 Duke Street

Liverpool

Merseyside

L1 5JW

REGISTERED NUMBER:

10986795 (England and Wales)

ACCOUNTANTS:

Cobham Murphy

116 Duke Street

Liverpool

Merseyside

L1 5JW

FIXED ASSETS

Tangible assets

4

4,269

14,233

CURRENT ASSETS

Debtors

5

652,288

556,504

Cash at bank

52,755

42,281

705,043

598,785

CREDITORS

Amounts falling due within one year

6

581,349

429,106

NET CURRENT ASSETS

123,694

169,679

TOTAL ASSETS LESS CURRENT LIABILITIES

127,963

183,912

CREDITORS

Amounts falling due after more than one year

7

-

(46,863

)

PROVISIONS FOR LIABILITIES

(379

)

(849

)

NET ASSETS

127,584

136,200

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

127,484

136,100

127,584

136,200

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 February 2025 and were signed by:

Mrs S Taylor - Director

1.	STATUTORY INFORMATION

Taylor & Marin Limited 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.

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

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover

Turnover is measured at the fair value of the recruitment service fees received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised when the services are complete.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost

Financial instruments

Directors loans and other loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Taxation

Taxation for the period 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 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 period 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 period was 5 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 30 September 2023

29,614

Disposals

(15,642

)

At 31 October 2024

13,972

DEPRECIATION

At 30 September 2023

15,381

Charge for period

1,265

Eliminated on disposal

(6,943

)

At 31 October 2024

9,703

NET BOOK VALUE

At 31 October 2024

4,269

At 29 September 2023

14,233

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

29.9.23

£

£

Trade debtors

199,958

236,135

Amounts owed by associates

437,821

320,369

Other debtors

14,509

-

652,288

556,504

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

29.9.23

£

£

Bank loans and overdrafts

42,697

50,000

Trade creditors

4,382

8,697

Amounts owed to associates

226,334

84,108

Taxation and social security

163,628

182,300

Other creditors

144,308

104,001

581,349

429,106

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.24

29.9.23

£

£

Bank loans

-

46,863

8.	RELATED PARTY DISCLOSURES

Included in debtors at 31st October 2024 is £196,835 owed from a related party under common control. The loan is repayable on demand and interest free.