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Company Registration No. 07512821 (England and Wales)
VW Taxation Ltd Unaudited accounts for the year ended 31 March 2023
VW Taxation Ltd Unaudited accounts Contents
Page
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VW Taxation Ltd Company Information for the year ended 31 March 2023
Directors
Gary Ellis Elizabeth Ellis
Company Number
07512821 (England and Wales)
Registered Office
82A HIGH STREET COSHAM PORTSMOUTH HAMPSHIRE PO6 3AJ
Accountants
VW Taxation Ltd 82a High Street Cosham Hampshire PO6 3AJ
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VW Taxation Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
86,667 
102,667 
Tangible assets
27,402 
42,778 
114,069 
145,445 
Current assets
Debtors
41,943 
2,538 
Cash at bank and in hand
2,913 
4,156 
44,856 
6,694 
Creditors: amounts falling due within one year
(120,301)
(123,394)
Net current liabilities
(75,445)
(116,700)
Total assets less current liabilities
38,624 
28,745 
Creditors: amounts falling due after more than one year
(36,113)
(42,887)
Net assets/(liabilities)
2,511 
(14,142)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,411 
(14,242)
Shareholders' funds
2,511 
(14,142)
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by
Gary Ellis Director Company Registration No. 07512821
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VW Taxation Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
VW Taxation Ltd is a private company, limited by shares, registered in England and Wales, registration number 07512821. The registered office is 82A HIGH STREET, COSHAM, PORTSMOUTH, HAMPSHIRE, PO6 3AJ.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is calculated so as to write off the cost of an asset, less it's estimated residual value, over the useful life of that asset as follows: Goodwill - 10 years straight line
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:
Motor vehicles
25% Straight Line
Fixtures & fittings
33.33% Straight Line
Computer equipment
33.33% Straight Line
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VW Taxation Ltd Notes to the Accounts for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
160,000 
At 31 March 2023
160,000 
Amortisation
At 1 April 2022
57,333 
Charge for the year
16,000 
At 31 March 2023
73,333 
Net book value
At 31 March 2023
86,667 
At 31 March 2022
102,667 
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
14,583 
5,087 
31,825 
51,495 
Additions
- 
- 
25,860 
25,860 
Disposals
- 
- 
(31,032)
(31,032)
At 31 March 2023
14,583 
5,087 
26,653 
46,323 
Depreciation
At 1 April 2022
3,342 
2,458 
2,917 
8,717 
Charge for the year
3,646 
1,696 
17,792 
23,134 
On disposals
- 
- 
(12,930)
(12,930)
At 31 March 2023
6,988 
4,154 
7,779 
18,921 
Net book value
At 31 March 2023
7,595 
933 
18,874 
27,402 
At 31 March 2022
11,241 
2,629 
28,908 
42,778 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
15,526 
- 
Accrued income and prepayments
1,737 
2,538 
Other debtors
24,680 
- 
41,943 
2,538 
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VW Taxation Ltd Notes to the Accounts for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
44,003 
36,965 
VAT
3,962 
- 
Obligations under finance leases and hire purchase contracts
2,478 
2,478 
Trade creditors
44,929 
45,333 
Taxes and social security
24,929 
17,572 
Loans from directors
- 
16,900 
Accruals
- 
4,146 
120,301 
123,394 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
26,429 
30,725 
Obligations under finance leases and hire purchase contracts
9,684 
12,162 
36,113 
42,887 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 3 (2022: 2).
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