Company registration number 2806971 (England and Wales)
TAXSHIELD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
TAXSHIELD LIMITED
COMPANY INFORMATION
Directors
D E Price
C Cooper
Miss S Garrington
Miss R Common
Mrs J Long
Secretary
C Cooper
Company number
2806971
Registered office
Finch House
28-30 Wolverhampton Street
Dudley
West Midlands
DY1 1DB
TAXSHIELD LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
TAXSHIELD LIMITED
BALANCE SHEET
AS AT 31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
175
175
Cash at bank and in hand
1
1
176
176
Creditors: amounts falling due within one year
(280)
(280)
Net current liabilities
(104)
(104)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(204)
(204)
Total equity
(104)
(104)

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 11 September 2023 and are signed on its behalf by:
C Cooper
Director
Company Registration No. 2806971
TAXSHIELD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information

Taxshield Limited is a private company limited by shares incorporated in England and Wales. The registered office is Finch House, 28-30 Wolverhampton Street, Dudley, West Midlands, DY1 1DB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has elected to retain its accounting policies for reported assets, liabilities and equity at the date of transition to FRS102 until there is a change to those balances or the company undertakes any new transactions.

1.2
Going concern

The accounts have been drawn up on a going concern basis. The company's continued activities are dependent upon the ongoing support of the immediate holding company. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount and provide for any further liabilities that may arise.true

1.3
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.4
Derivatives

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

1.5
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

TAXSHIELD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 3 -
1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
5
5
4
Parent company

The parent company is Price Pearson Limited a company registered in England and Wales and its registered office address is Finch House, 28-30 Wolverhampton Street, Dudley, West Midlands, DY1 1DB.

2023-03-31 2022-04-01 true CCH Software CCH Accounts Production 2023.200 No description of principal activity D E Price Miss S Garrington Miss R Common Mrs J Long Mrs Jennifer Long Cooper 2806971 2022-04-01 2023-03-31 2806971 bus:Director1 2022-04-01 2023-03-31 2806971 bus:CompanySecretaryDirector1 2022-04-01 2023-03-31 2806971 bus:Director2 2022-04-01 2023-03-31 2806971 bus:Director3 2022-04-01 2023-03-31 2806971 bus:Director4 2022-04-01 2023-03-31 2806971 bus:Director5 2022-04-01 2023-03-31 2806971 bus:CompanySecretary1 2022-04-01 2023-03-31 2806971 bus:RegisteredOffice 2022-04-01 2023-03-31 2806971 2023-03-31 2806971 2022-03-31 2806971 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 2806971 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 2806971 core:ShareCapital 2023-03-31 2806971 core:ShareCapital 2022-03-31 2806971 core:RetainedEarningsAccumulatedLosses 2023-03-31 2806971 core:RetainedEarningsAccumulatedLosses 2022-03-31 2806971 2021-04-01 2022-03-31 2806971 bus:EntityNoLongerTradingButTradedInPast 2022-04-01 2023-03-31 2806971 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 2806971 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 2806971 bus:FRS102 2022-04-01 2023-03-31 2806971 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 2806971 bus:FullAccounts 2022-04-01 2023-03-31 xbrli:pure xbrli:shares iso4217:GBP