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THE PROVINCIAL TAX SHOP LIMITED - Company Information

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The Provincial Tax Shop Limited

Registered Number:08004423

For the year ended 31 March 2018

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2018

The Provincial Tax Shop Limited

Contents Page

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Statement of Financial Position

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Notes to the Financial Statements

As at 31 March 2018

The Provincial Tax Shop Limited

Statement of Financial Position

Registered Number :

08004423

2017

2018

Notes

Fixed assets

Intangible assets

36,063

Property, plant and equipment

853

36,916

Current assets

Trade and other receivables

5,341

47,016

4,059

Cash and cash equivalents

12,375

59,391

9,400

Trade and other payables: amounts falling due within

one year

(18,185)

(13,648)

(8,785)

45,743

Net current assets

Total assets less current liabilities

45,743

28,131

Trade and other payables: amounts falling due after

more than one year

(13,578)

(45,741)

Net assets

14,553

Capital and reserves

Called up share capital

Retained earnings

14,551

14,553

Shareholders' funds

For the year ended 31 March 2018 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 of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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For the year ended 31 March 2018

The Provincial Tax Shop Limited

Statement of Financial Position Continued

Philip Ivor Bowick Director

These financial statements were approved and authorised for issue by the Board on 17 December 2018 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2018

The Provincial Tax Shop Limited

Notes to the Financial Statements

Statutory Information

The Provincial Tax Shop Limited is a private limited company, limited by shares, domiciled in England

and Wales, registration number 08004423.

Registered address:

152 Manchester Road

Higher Ince

Wigan

Lancs

WN2 2EA

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

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of 10 years.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Deferred tax

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

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

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For the year ended 31 March 2018

The Provincial Tax Shop Limited

Notes to the Financial Statements Continued

2. Trade and other receivables

2017

2018

Trade debtors

777

5,001

Other debtors

46,239

340

5,341

47,016

3. Trade and other payables: amounts falling due within one year

2017

2018

Bank loans and overdraft

2,141

Trade creditors

2,747

3,728

Taxation and social security

7,306

12,144

Other creditors

3,595

172

13,648

18,185

4. Trade and other payables: amounts falling due after more than one year

2017

2018

Other creditors

45,741

13,578

5. Related party transactions

The shares in the Company were acquired by Forster & Company Limited on 31 March 2018. The

Company is ultimately controlled by Mrs Danielle Louise Forster.

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