OVERPAIDTAX LTD,Ltd - AccountsLtd - Accounts
OVERPAIDTAX LTD,Ltd - AccountsLtd - Accounts
| Registered Number:06911701 |
For the year ended 31 May 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2021
OVERPAIDTAX LTD
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
| Registered Number : |
| As at |
OVERPAIDTAX LTD
Statement of Financial Position
| £ |
| £ |
2020
2021
| Notes |
| Fixed assets |
| Property, plant and equipment |
2
| Current assets |
| Trade and other receivables |
3
| Cash and cash equivalents |
| Trade and other payables: amounts falling due within one year |
(8,089 )
(3,988 )
4
83,241
(570 )
Net current liabilities
| Total assets less current liabilities |
| Trade and other payables: amounts falling due after more than one year |
(50,000 )
5
Net assets
| Capital and reserves |
| Called up share capital |
| Retained earnings |
Shareholders' funds
| 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| These financial statements were approved and authorised for issue by the Board on |
| The notes form part of these financial statements |
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4
For the year ended 31 May 2021
OVERPAIDTAX LTD
Notes to the Financial Statements
Statutory Information
| OVERPAIDTAX LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 06911701. |
| Registered address: |
The Media Centre
7 Northumberland Street
Huddersfield
HD1 1RL
| The presentation currency is £ sterling. |
| 1. Accounting policies |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Property, plant and equipment
Computer equipment
Motor vehicles
Fixtures and fittings
| The company''s freehold properties were professionally valued in 0. This valuation has been reduced by subsequent depreciation. Under |
| the transitional provisions of the Financial Reporting Standard for Smaller Entities (effective January 2015) the properties continue to be |
| stated at that valuation less accumulated depreciation to date and that valuation has not been updated. |
| The company''s freehold properties are revalued in full every five years. Interim valuations are carried out when it is likely that there has |
| been a material change in value. |
Government grants
Hire purchase and leasing commitments
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5
For the year ended 31 May 2021
OVERPAIDTAX LTD
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
| Total |
| Computer |
| equipment |
Fixtures and fittings
Motor vehicles
| £ |
| £ |
| £ |
| £ |
| Cost or valuation |
| At 01 June 2020 |
| Additions |
| At 31 May 2021 |
| Provision for depreciation and impairment |
| At 01 June 2020 |
Charge for year
| At 31 May 2021 |
| At 31 May 2021 |
| Net book value |
(23 )
| At 31 May 2020 |
(23 )
| 3. Trade and other receivables |
2020
2021
| £ |
| £ |
| Trade debtors |
| Other debtors |
| The debtors above include the following amounts falling due after more than one year: |
| Trade debtors |
| 4. Trade and other payables: amounts falling due within one year |
2020
2021
| £ |
| £ |
| Trade creditors |
| Taxation and social security |
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6
For the year ended 31 May 2021
OVERPAIDTAX LTD
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due after more than one year |
2020
2021
| £ |
| £ |
| Bank loans and overdraft |
| Other creditors |
| 6. Average number of persons employed |
During the year the average number of employees was 7 (2020 : 7 )
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