Registered number
11913206
TODAY ACCOUNTING AND TAX LIMITED
Filleted Accounts
31 July 2022
TODAY ACCOUNTING AND TAX LIMITED
Registered number: 11913206
Balance Sheet
as at 31 July 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 2,571 -
Current assets
Debtors 4 37,378 15,532
Cash at bank and in hand 99,627 772
137,005 16,304
Creditors: amounts falling due within one year 5 (3,579) (4,657)
Net current assets 133,426 11,647
Net assets 135,997 11,647
Capital and reserves
Called up share capital 200,000 30,000
Profit and loss account (64,003) (18,353)
Shareholders' funds 135,997 11,647
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Xiaoya Fu
Director
Approved by the board on 16 August 2022
TODAY ACCOUNTING AND TAX LIMITED
Notes to the Accounts
for the period from 1 April 2021 to 31 July 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 2,571
At 31 July 2022 2,571
Depreciation
At 31 July 2022 -
Net book value
At 31 July 2022 2,571
4 Debtors 2022 2021
£ £
Other debtors 37,378 15,532
5 Creditors: amounts falling due within one year 2022 2021
£ £
Other creditors 3,579 4,657
6 Capital
Shareholder: Xiaoya Fu
Amount of the shares purchased: 200,000
Value of the shares purchased: £200,000
Xiaoya Fu has invested £200,000 in the form of share capital in Today Accounting and Tax Limited.
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