Company Registration No. 12005653 (England and Wales)
Accounts & Tax Ltd
Unaudited accounts
for the year ended 31 May 2023
Accounts & Tax Ltd
Unaudited accounts
Contents
Accounts & Tax Ltd
Company Information
for the year ended 31 May 2023
Company Number
12005653 (England and Wales)
Registered Office
27 Mayesbrook Road
Dagenham
Essex
RM8 2EA
Accountants
Accounts & Tax Advisor Ltd
27 Mayesbrook Road
Dagenham
Essex
RM8 2EA
Accounts & Tax Ltd
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
15,167
4,263
Creditors: amounts falling due within one year
(14,951)
(7,550)
Net current assets
17,084
17,071
Called up share capital
100
100
Profit and loss account
18,149
17,785
Shareholders' funds
18,249
17,885
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 July 2023 and were signed on its behalf by
Fakhre Alam Khan
Director
Company Registration No. 12005653
Accounts & Tax Ltd
Notes to the Accounts
for the year ended 31 May 2023
Accounts & Tax Ltd is a private company, limited by shares, registered in England and Wales, registration number 12005653. The registered office is 27 Mayesbrook Road, Dagenham, Essex, RM8 2EA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.33% straight line basis
4
Tangible fixed assets
Computer equipment
Accounts & Tax Ltd
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
Trade debtors
12,808
2,345
Amounts due from group undertakings etc.
4,060
16,632
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Creditors: amounts falling due within one year
2023
2022
Taxes and social security
33
992
Other creditors
3,759
3,262
Loans from directors
11,159
3,296
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Transactions with related parties
The company has given an interest free loan to Accounts & Tax Advisor Ltd, a UK company where the director has material interest.
At 31st May 2023 the loan balance receivable was £4,060 (2022 : £16,632).
The company is controlled by the directors by virtue of their shareholdings.
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Average number of employees
During the year the average number of employees was 3 (2022: 3).
