Effective Tax Solutions Ltd - Limited company - abbreviated - 11.0.0

Effective Tax Solutions Ltd - Limited company - abbreviated - 11.0.0


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REGISTERED NUMBER: 06793529 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 January 2014

for

Effective Tax Solutions Ltd
Trading as
HowarthLynch

Effective Tax Solutions Ltd (Registered number: 06793529)
Trading as HowarthLynch






Contents of the Abbreviated Accounts
for the Year Ended 31 January 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Report of the Accountants 6

Effective Tax Solutions Ltd
Trading as HowarthLynch

Company Information
for the Year Ended 31 January 2014







DIRECTORS: A Lynch
Mr A S Ralston
Mr J Moxon





SECRETARY: Mr J Moxon





REGISTERED OFFICE: Gardeners Cottage Beauchief Hall
Beauchief Drive
Sheffield
SOUTH YORKSHIRE
S8 7BA





REGISTERED NUMBER: 06793529 (England and Wales)





ACCOUNTANTS: LINDRICK ACCOUNTANCY SERVICES LTD.
205 OUTGANG LANE
DINNINGTON
SHEFFIELD
S25 3QY

Effective Tax Solutions Ltd (Registered number: 06793529)
Trading as HowarthLynch

Abbreviated Balance Sheet
31 January 2014

31.1.14 31.1.13
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 113,158 127,003
113,158 127,003

CURRENT ASSETS
Debtors 1,531,172 960,539
Cash at bank and in hand 855,749 667,433
2,386,921 1,627,972
CREDITORS
Amounts falling due within one year 514,525 489,107
NET CURRENT ASSETS 1,872,396 1,138,865
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,985,554

1,265,868

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 1,985,454 1,265,768
SHAREHOLDERS' FUNDS 1,985,554 1,265,868

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2014 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.

Effective Tax Solutions Ltd (Registered number: 06793529)
Trading as HowarthLynch

Abbreviated Balance Sheet - continued
31 January 2014


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 28 July 2014 and were signed
on its behalf by:





A Lynch - Director


Effective Tax Solutions Ltd (Registered number: 06793529)
Trading as HowarthLynch

Notes to the Abbreviated Accounts
for the Year Ended 31 January 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in
accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

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

Long leasehold - not provided
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

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 the profit and loss account in the period to which
they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2013
and 31 January 2014 30,000
AMORTISATION
At 1 February 2013
and 31 January 2014 30,000
NET BOOK VALUE

At 31 January 2014 -
At 31 January 2013 -

Effective Tax Solutions Ltd (Registered number: 06793529)
Trading as HowarthLynch

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 January 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2013 171,817
Additions 3,000
At 31 January 2014 174,817
DEPRECIATION
At 1 February 2013 44,814
Charge for year 16,845
At 31 January 2014 61,659
NET BOOK VALUE
At 31 January 2014 113,158
At 31 January 2013 127,003

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.14 31.1.13
value: £    £   
100 Ordinary £1 100 100

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended
31 January 2014 and 31 January 2013:

31.1.14 31.1.13
£    £   
A Lynch
Balance outstanding at start of year 216,534 216,689
Amounts advanced 49,586 -
Amounts repaid - (155 )
Balance outstanding at end of year 266,120 216,534

The Directors overdrawn loan account was repaid in full within nine months of the year end.

Effective Tax Solutions Ltd
Trading as HowarthLynch

Report of the Accountants to the Directors of
Effective Tax Solutions Ltd

The following reproduces the text of the report prepared for the directors in respect of the
company's annual unaudited financial statements, from which the unaudited abbreviated
accounts (set out on pages two to five) have been prepared.

In accordance with our terms of engagement and in order to assist you to fulfil your duties under the
Companies Act 2006, we have compiled the financial statements of the company for the year ended
31 January 2014 which comprise the Profit and Loss Account, the Balance Sheet and the related
notes from the accounting records and information and explanations you have given to us.

This report is made to the company's director, in accordance with the terms of our engagement. Our
work has been undertaken so that we might compile the financial statements that we have been
engaged to compile, report to the company's director that we have done so, and state those matters
that we have agreed to state to her in this report and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responsibility to anyone other than the company and
the company's director, for our work or for this report.

You have acknowledged on the Balance Sheet as at 31 January 2014 your duty to ensure that the
company has kept proper accounting records and to prepare financial statements that give a true and
fair view under the Companies Act 2006. You consider that the company is exempt from the
statutory requirement for an audit for the .
year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we
have not verified the accuracy or completeness of the accounting records or information and
explanations you have given to us and we do not, therefore, express any opinion on the financial
statements.






LINDRICK ACCOUNTANCY SERVICES LTD.
205 OUTGANG LANE
DINNINGTON
SHEFFIELD
S25 3QY


Date: .............................................