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REGISTERED NUMBER: 08390436















Unaudited Financial Statements for the Year Ended 28 February 2023

for

VATAX ACCOUNTING LIMITED

VATAX ACCOUNTING LIMITED (Registered number: 08390436)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VATAX ACCOUNTING LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mrs Edwards
Mrs B J Shimmen





SECRETARY:





REGISTERED OFFICE: 1st Floor Office Suite
65 Moor End
Edlesborough
Dunstable
Bedfordshire
LU6 2FL





REGISTERED NUMBER: 08390436





ACCOUNTANTS: Vatax Accounting LTD
1st Floor Office
65 Moor End
Edlesborough
Bedfordshire
LU6 2FL

VATAX ACCOUNTING LIMITED (Registered number: 08390436)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 204,123 204,741

CURRENT ASSETS
Debtors 5 177,484 109,784
Cash at bank 17,000 14,199
194,484 123,983
CREDITORS
Amounts falling due within one year 6 61,394 55,330
NET CURRENT ASSETS 133,090 68,653
TOTAL ASSETS LESS CURRENT
LIABILITIES

337,213

273,394

CREDITORS
Amounts falling due after more than
one year

7

204,351

152,444
NET ASSETS 132,862 120,950

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 132,662 120,750
SHAREHOLDERS' FUNDS 132,862 120,950

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

VATAX ACCOUNTING LIMITED (Registered number: 08390436)

Balance Sheet - continued
28 February 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:





Mrs B J Shimmen - Director


VATAX ACCOUNTING LIMITED (Registered number: 08390436)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

VATAX ACCOUNTING LIMITED is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

VATAX ACCOUNTING LIMITED (Registered number: 08390436)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 201,650 6,037 207,687
DEPRECIATION
At 1 March 2022 - 2,946 2,946
Charge for year - 618 618
At 28 February 2023 - 3,564 3,564
NET BOOK VALUE
At 28 February 2023 201,650 2,473 204,123
At 28 February 2022 201,650 3,091 204,741

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 177,284 109,584
Other debtors 200 200
177,484 109,784

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors - 6,006
Taxation and social security 61,394 49,324
61,394 55,330

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.23 28.2.22
£    £   
Other creditors 204,351 152,444

VATAX ACCOUNTING LIMITED (Registered number: 08390436)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
28.2.23 28.2.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 204,351 152,444