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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
Page
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RELAX TAX LIMITED Company Information for the year ended 31 January 2023
Director
Himal Bhattrai
Company Number
06039015 (England and Wales)
Registered Office
5 Central Parade Station Road Sidcup Kent DA15 7DH
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RELAX TAX LIMITED Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
611,585 
3,004 
Current assets
Debtors
11,454 
6,097 
Cash at bank and in hand
62,937 
34,988 
74,391 
41,085 
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)
- 
Net assets
32,169 
21,636 
Capital and reserves
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
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RELAX TAX LIMITED Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 
Depreciation
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 
Net book value
At 31 January 2023
561,450 
2,438 
47,697 
611,585 
At 31 January 2022
- 
3,004 
- 
3,004 
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RELAX TAX LIMITED Notes to the Accounts for the year ended 31 January 2023
5
Debtors
2023 
2022 
£ 
£ 
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 
- 
VAT
3,263 
6,091 
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 
Accruals
5,612 
461 
63,890 
22,453 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
561,462 
- 
Obligations under finance leases and hire purchase contracts
28,455 
- 
589,917 
- 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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