AHMTAX Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 06038663 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2019

for

AHMTAX Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Moore

Mrs H Moore

SECRETARY:

Mr A Moore

REGISTERED OFFICE:

25 BROADLANDS

BRAMLEY

ROTHERHAM

S66 1WD

REGISTERED NUMBER:

06038663 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,170

751

1,170

751

CURRENT ASSETS

Debtors

6

6,465

7,530

Cash at bank

35,231

43,178

41,696

50,708

CREDITORS

Amounts falling due within one year

7

2,448

8,007

NET CURRENT ASSETS

39,248

42,701

TOTAL ASSETS LESS CURRENT LIABILITIES

40,418

43,452

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

40,318

43,352

SHAREHOLDERS' FUNDS

40,418

43,452

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 8 March 2019 and were signed on its behalf by:

Mrs H Moore - Director

1.	STATUTORY INFORMATION

AHMTAX 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 2007, 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

-

15% 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.

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 2 (2018 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2018

and 31 January 2019

29,000

AMORTISATION

At 1 February 2018

and 31 January 2019

29,000

NET BOOK VALUE

At 31 January 2019

-

At 31 January 2018

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 February 2018

1,013

3,194

4,207

Additions

-

625

625

At 31 January 2019

1,013

3,819

4,832

DEPRECIATION

At 1 February 2018

1,013

2,443

3,456

Charge for year

-

206

206

At 31 January 2019

1,013

2,649

3,662

NET BOOK VALUE

At 31 January 2019

-

1,170

1,170

At 31 January 2018

-

751

751

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Trade debtors

6,465

7,530

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Taxation and social security

2,003

3,756

Other creditors

445

4,251

2,448

8,007