for the Period Ended 31 December 2022
Company Information - 3 | |
Report of the Directors - 4 | |
Profit and Loss Account - 5 | |
Balance sheet - 6 | |
Additional notes - 8 | |
Balance sheet notes - 12 |
for the Period Ended 31 December 2022
Director: |
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Registered office: |
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Company Registration Number: |
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The directors present their report with the financial statements of the company for the period ended 31 December 2022
Political and charitable donations
Company policy on the employment of disabled persons
Additional information
Directors
The director(s) shown below were appointed to the company during the period
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
for the Period Ended 31 December 2022
Notes |
13 months to 31 Dec 2022 £ |
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Turnover |
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Gross Profit or (Loss) |
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Administrative Expenses |
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Operating Profit or (Loss) |
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Profit or (Loss) Before Tax |
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Tax on Profit |
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Profit or (Loss) for Period |
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The notes form part of these financial statements
As at
Notes |
13 months to 31 Dec 2022 £ |
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Fixed assets | ||
Intangible assets: | 4 |
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Tangible assets: | 5 |
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Total fixed assets: |
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Current assets | ||
Stocks: |
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Debtors: | 6 |
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Cash at bank and in hand: |
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Total current assets: |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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The notes form part of these financial statements
As at 31 December 2022
Notes |
13 months to 31 Dec 2022 £ |
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Capital and reserves | ||
Called up share capital: |
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Shareholders funds: |
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2022
Basis of measurement and preparation
for the Period Ended 31 December 2022
Other accounting policies
for the Period Ended 31 December 2022
13 months to 31 Dec 2022 |
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Average number of employees during the period |
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im not a big company im a career for my autistic son , who works 2 shifts a month as a support worker to earn extra cash £450 max a month , but unfortunately i had to go as self employed and im now worrying about being fined for a late tax return even though i dont actually owe any tax due to my small earnings
for the Period Ended 31 December 2022
for the Period Ended 31 December 2022
Other | Total | |
---|---|---|
Cost | £ | £ |
Additions | - | - |
Disposals | - | - |
Revaluations | - | - |
Transfers | - | - |
At 31 December 2022 | - | - |
Amortisation | ||
Charge for year | - | - |
On disposals | - | - |
Other adjustments | - | - |
Amortisation at 31 December 2022 | - | - |
Net book value | ||
Net book value at 31 December 2022 | - | - |
In a nutshell this is all new to me and the first time I have ever had to do a tax return , the only reason I opened a company was to allow me to work as a support worker for an agency who were only taking on staff on a self-employed basis. My circumstances are unique , I am the main career for my son who is autistic and is in receipt of disability living allowance , therefore I am entitled to careers allowance as long as I meet certain criteria , one of them being I earn less than £139 a week ( averaged over a year at £7228 due to being self-employed ) . Therefore, to keep things simple I only work 2x 24 hour shifts a month which means my earnings are under £440 a month well under the limit of £603.33 month I which is the highest I’m allowed to earn before my careers allowance is effected and well under the £12.570 tax free personal allowance.
for the Period Ended 31 December 2022
Motor vehicles | Total | |
---|---|---|
Cost | £ | £ |
Additions | - | - |
Disposals | - | - |
Revaluations | - | - |
Transfers | - | - |
At 31 December 2022 | - | - |
Depreciation | ||
Charge for year | - | - |
On disposals | - | - |
Other adjustments | - | - |
At 31 December 2022 | - | - |
Net book value | ||
At 31 December 2022 | - | - |
46 warnerville Road
L13 4BG
UTR 7624225595
Mob- 07719689177
Hi can someone please sort out my company tax return as I have tried several times to do so but cannot do it due to issues with the website, I have tried to call and get through on the phone but cannot get through this is really causing me great anxiety and flaring up my mental health, can someone please respond to this email to let me know this issue is resolved, due to my circumstances and the amount I earn I do not actually owe any tax however I have tried and tried to file my tax return but am struggling.
In a nutshell this is all new to me and the first time I have ever had to do a tax return , the only reason I opened a company was to allow me to work as a support worker for an agency who were only taking on staff on a self-employed basis. My circumstances are unique , I am the main career for my son who is autistic and is in receipt of disability living allowance , therefore I am entitled to careers allowance as long as I meet certain criteria , one of them being I earn less than £139 a week ( averaged over a year at £7228 due to being self-employed ) . Therefore, to keep things simple I only work 2x 24 hour shifts a month which means my earnings are under £440 a month well under the limit of £603.33 month I which is the highest I’m allowed to earn before my careers allowance is effected and well under the £12.570 tax free personal allowance.
However, I am finding the whole process of doing a tax return really frustrating and my anxiety is through the roof because of worry of being fined due to having issues completing a tax return even though I have no tax to pay due to my small earnings.
I do please hope someone can look in to this for me and get back to me to ensure me that this has been resolved and I’m not going to be getting fined as I have tried everything within my power to do the right thing , many thanks Andy Owens.
I will leave some further information below about my circumstances and information I have gathered online about what I can earn without it effecting my careers allowance , thanks again
My circumstances are as follows
-I am currently living with my brother-in-law due to a relationship breakdown with my wife. I receive universal credit (£161.2 pcm ) and careers allowance ( £76.75pw ) the careers allowance is due to being the main career for my son who is autistic.
- Due to my caring commitments and my lack of flexibility to work I have been working with a care company as bank staff with ‘no regular pattern for work’ doing maximum 2 shifts per month (this works out at £480 a month pick up BEFORE expenses)
To receive caress allowance, I must earn less than’ your earnings are £139 or less a week after tax, National Insurance and expenses’ this works out averaged over a year as
£139 x 52weeks = £7228 a year
£7228 / 12 months = £602.33 a month
I’m aware of due to being self-employed on a zero-hour contract and having no regular pattern of work that my wages can be averaged over a longer period of time (please see info from the ‘careers uk website below in blue ink ‘
If you are in employment and have fluctuating earnings, it is possible for your earnings to be averaged out over a recognisable cycle of work or over five weeks, or over another period if this means a more accurate weekly amount can be calculated.
However, this is discretionary, and so you should make sure you discuss your specific circumstances with the Carer's Allowance Unit (or the Disability and Carers Service in Northern Ireland) to get further guidance, and to get clarification as to how your particular earnings will be calculated.
If you are in self-employment your average weekly earnings are normally calculated by looking at a specific trading period, which is normally a year. However if you have only recently started your self-employment, or if there has been a change in your circumstances, then a different period more representative of your average weekly earnings can sometimes be used.
What if there is no regular pattern?
If there is no regular pattern, the decision maker should average your net earnings over five weeks or another period if this leads to a more accurate assessment.
The following amounts are deducted from your gross weekly earnings (if you are in employment) or your net profit (if you are in self-employment) before your earnings are taken into account for Carer’s Allowance:
income Tax
National Insurance
half of your contributions towards an occupational/personal pension
Example
For example, Rakhi has a zero-hour contract and works as and when she can around her father’s care needs. There is no pattern to her work hours or earnings, but she knows that some weeks she earns over the Carer’s Allowance earnings limit.
Rakhi could report her earnings on a weekly basis and keep having her Carer’s Allowance entitlement reviewed, or the alternative is for the decision maker to decide a suitable period to average her net earnings over. Her net earnings for the last five weeks are:
Week 1 £150
Week 2 £80
Week 3 £30
Week 4 £30
Week 5 £100
There is no recognisable pattern so the decision maker averages Rakhi’s earnings over a five-week period by adding all her earnings over the five weeks together and dividing by five. This gives an average of £78 net earnings per week. Even though her net earnings sometimes go over the limit, the weeks where she earns less, bring her average down and this means Rakhi would meet this condition for claiming Carer’s Allowance.
I am also aware that I am exempt from the minimum income floor because I am on universal credit and AM NOT in the ‘all work-related requirements due to being a career and receiving carers allowance ( please read below in blue from citizens advice website )
The minimum income floor might apply to you if you're in gainful self-employment. This means being self-employed is your main job, you work regularly and expect to make a profit.
You’ll also need to be in the ‘all work-related requirements group’ - this means you’re expected to work or look for work.
If you’re not in gainful self-employment and the all work-related requirements group, the DWP won’t use the minimum income floor - they’ll use how much you actually earned to work out your payments.
for the Period Ended 31 December 2022
13 months to 31 Dec 2022 £ |
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Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Total |
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Debtors due after more than one year: |
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46 warnerville Road
L13 4BG
UTR 7624225595
Mob- 07719689177
Hi can someone please sort out my company tax return as I have tried several times to do so but cannot do it due to issues with the website, I have tried to call and get through on the phone but cannot get through this is really causing me great anxiety and flaring up my mental health, can someone please respond to this email to let me know this issue is resolved, due to my circumstances and the amount I earn I do not actually owe any tax however I have tried and tried to file my tax return but am struggling.
In a nutshell this is all new to me and the first time I have ever had to do a tax return , the only reason I opened a company was to allow me to work as a support worker for an agency who were only taking on staff on a self-employed basis. My circumstances are unique , I am the main career for my son who is autistic and is in receipt of disability living allowance , therefore I am entitled to careers allowance as long as I meet certain criteria , one of them being I earn less than £139 a week ( averaged over a year at £7228 due to being self-employed ) . Therefore, to keep things simple I only work 2x 24 hour shifts a month which means my earnings are under £440 a month well under the limit of £603.33 month I which is the highest I’m allowed to earn before my careers allowance is effected and well under the £12.570 tax free personal allowance.
However, I am finding the whole process of doing a tax return really frustrating and my anxiety is through the roof because of worry of being fined due to having issues completing a tax return even though I have no tax to pay due to my small earnings.
I do please hope someone can look in to this for me and get back to me to ensure me that this has been resolved and I’m not going to be getting fined as I have tried everything within my power to do the right thing , many thanks Andy Owens.
I will leave some further information below about my circumstances and information I have gathered online about what I can earn without it effecting my careers allowance , thanks again
My circumstances are as follows
-I am currently living with my brother-in-law due to a relationship breakdown with my wife. I receive universal credit (£161.2 pcm ) and careers allowance ( £76.75pw ) the careers allowance is due to being the main career for my son who is autistic.
- Due to my caring commitments and my lack of flexibility to work I have been working with a care company as bank staff with ‘no regular pattern for work’ doing maximum 2 shifts per month (this works out at £480 a month pick up BEFORE expenses)
To receive caress allowance, I must earn less than’ your earnings are £139 or less a week after tax, National Insurance and expenses’ this works out averaged over a year as
£139 x 52weeks = £7228 a year
£7228 / 12 months = £602.33 a month
I’m aware of due to being self-employed on a zero-hour contract and having no regular pattern of work that my wages can be averaged over a longer period of time (please see info from the ‘careers uk website below in blue ink ‘
If you are in employment and have fluctuating earnings, it is possible for your earnings to be averaged out over a recognisable cycle of work or over five weeks, or over another period if this means a more accurate weekly amount can be calculated.
However, this is discretionary, and so you should make sure you discuss your specific circumstances with the Carer's Allowance Unit (or the Disability and Carers Service in Northern Ireland) to get further guidance, and to get clarification as to how your particular earnings will be calculated.
If you are in self-employment your average weekly earnings are normally calculated by looking at a specific trading period, which is normally a year. However if you have only recently started your self-employment, or if there has been a change in your circumstances, then a different period more representative of your average weekly earnings can sometimes be used.
What if there is no regular pattern?
If there is no regular pattern, the decision maker should average your net earnings over five weeks or another period if this leads to a more accurate assessment.
The following amounts are deducted from your gross weekly earnings (if you are in employment) or your net profit (if you are in self-employment) before your earnings are taken into account for Carer’s Allowance:
Income Tax
National Insurance
half of your contributions towards an occupational/personal pension
Example
For example, Rakhi has a zero-hour contract and works as and when she can around her father’s care needs. There is no pattern to her work hours or earnings, but she knows that some weeks she earns over the Carer’s Allowance earnings limit.
Rakhi could report her earnings on a weekly basis and keep having her Carer’s Allowance entitlement reviewed, or the alternative is for the decision maker to decide a suitable period to average her net earnings over. Her net earnings for the last five weeks are:
Week 1 £150
Week 2 £80
Week 3 £30
Week 4 £30
Week 5 £100
There is no recognisable pattern so the decision maker averages Rakhi’s earnings over a five-week period by adding all her earnings over the five weeks together and dividing by five. This gives an average of £78 net earnings per week. Even though her net earnings sometimes go over the limit, the weeks where she earns less, bring her average down and this means Rakhi would meet this condition for claiming Carer’s Allowance.
I am also aware that I am exempt from the minimum income floor because I am on universal credit and AM NOT in the ‘all work-related requirements ‘ due to being a career and receiving carers allowance ( please read below in blue from citizens advice website )
The minimum income floor might apply to you if you're in gainful self-employment. This means being self-employed is your main job, you work regularly and expect to make a profit.
You’ll also need to be in the ‘all work-related requirements group’ - this means you’re expected to work or look for work.
If you’re not in gainful self-employment and the all work-related requirements group, the DWP won’t use the minimum income floor - they’ll use how much you actually earned to work out your payments.