Company Registration No. 06039015 (England and Wales)
RELAX TAX LIMITED
Unaudited accounts
for the year ended 31 January 2023
RELAX TAX LIMITED
Unaudited accounts
Contents
RELAX TAX LIMITED
Company Information
for the year ended 31 January 2023
Company Number
06039015 (England and Wales)
Registered Office
5 Central Parade
Station Road
Sidcup
Kent
DA15 7DH
RELAX TAX LIMITED
Statement of financial position
as at 31 January 2023
Tangible assets
611,585
3,004
Cash at bank and in hand
62,937
34,988
Creditors: amounts falling due within one year
(63,890)
(22,453)
Net current assets
10,501
18,632
Total assets less current liabilities
622,086
21,636
Creditors: amounts falling due after more than one year
(589,917)
-
Called up share capital
2
2
Profit and loss account
32,167
21,634
Shareholders' funds
32,169
21,636
For the year ending 31 January 2023 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 October 2023 and were signed on its behalf by
Himal Bhattrai
Director
Company Registration No. 06039015
RELAX TAX LIMITED
Notes to the Accounts
for the year ended 31 January 2023
RELAX TAX LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06039015. The registered office is 5 Central Parade, Station Road, Sidcup, Kent, DA15 7DH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance method
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2022
-
9,864
-
9,864
Additions
561,450
247
59,515
621,212
At 31 January 2023
561,450
10,111
59,515
631,076
At 1 February 2022
-
6,860
-
6,860
Charge for the year
-
813
11,818
12,631
At 31 January 2023
-
7,673
11,818
19,491
At 31 January 2023
561,450
2,438
47,697
611,585
At 31 January 2022
-
3,004
-
3,004
RELAX TAX LIMITED
Notes to the Accounts
for the year ended 31 January 2023
Amounts falling due within one year
Trade debtors
11,454
6,097
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
18,600
-
Obligations under finance leases and hire purchase contracts
9,840
-
Trade creditors
12,807
3,057
Taxes and social security
968
11,837
Loans from directors
12,800
1,007
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
28,455
-
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).