REGISTERED NUMBER: 07863281 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Taylor Fawcett Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S E Taylor

C L Farndon

REGISTERED OFFICE:

14 Albert Street

Harrogate

North Yorkshire

HG1 1JT

REGISTERED NUMBER:

07863281 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

260,474

296,844

260,474

296,844

CURRENT ASSETS

Debtors

6

331,343

386,856

Prepayments and accrued income

86,001

31,765

Cash at bank

269,407

214,989

686,751

633,610

CREDITORS

Amounts falling due within one year

7

119,712

207,834

NET CURRENT ASSETS

567,039

425,776

TOTAL ASSETS LESS CURRENT LIABILITIES

827,513

722,620

PROVISIONS FOR LIABILITIES

16,191

17,393

NET ASSETS

811,322

705,227

CAPITAL AND RESERVES

Called up share capital

50

50

Capital redemption reserve

50

50

Retained earnings

811,222

705,127

SHAREHOLDERS' FUNDS

811,322

705,227

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2025 and were signed on its behalf by:

Mrs S E Taylor - Director

1.	STATUTORY INFORMATION

Taylor Fawcett 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.

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 represents the value of services and disbursements delivered to clients during the year excluding value added tax.

Work in progress is valued at selling price less costs to completion.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, has been amortised fully 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

-

20% on cost

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

200,000

AMORTISATION

At 1 April 2024

and 31 March 2025

200,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

411,790

15,297

5,000

27,564

459,651

Additions

-

-

-

9,903

9,903

At 31 March 2025

411,790

15,297

5,000

37,467

469,554

DEPRECIATION

At 1 April 2024

119,940

14,981

1,250

26,636

162,807

Charge for year

41,179

79

1,250

3,765

46,273

At 31 March 2025

161,119

15,060

2,500

30,401

209,080

NET BOOK VALUE

At 31 March 2025

250,671

237

2,500

7,066

260,474

At 31 March 2024

291,850

316

3,750

928

296,844

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

331,343

386,856

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

110,930

117,646

Other creditors

8,782

90,188

119,712

207,834

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S E Taylor.