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Company Registration No. 11779892 (England and Wales)
Tax, Asset & Commercial Strategies Ltd Unaudited accounts for the year ended 31 January 2023
Tax, Asset & Commercial Strategies Ltd Unaudited accounts Contents
Page
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Tax, Asset & Commercial Strategies Ltd Company Information for the year ended 31 January 2023
Directors
Kristin McIntyre Craig McIntyre
Company Number
11779892 (England and Wales)
Registered Office
Suite 115, Maling Exchange Hoults Yard, Walker Road Newcastle upon Tyne Tyne and Wear NE6 2HL England
Accountants
Abacus Accounting (NE) Limited 3a Blue Sky Way Monkton Business Park South Hebburn Tyne and Wear NE31 2EQ
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Tax, Asset & Commercial Strategies Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
22,349 
25,231 
Current assets
Debtors
103,757 
163,267 
Cash at bank and in hand
42,599 
78,591 
146,356 
241,858 
Creditors: amounts falling due within one year
(113,814)
(217,073)
Net current assets
32,542 
24,785 
Total assets less current liabilities
54,891 
50,016 
Creditors: amounts falling due after more than one year
(45,698)
(50,000)
Net assets
9,193 
16 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
9,191 
14 
Shareholders' funds
9,193 
16 
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 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 10 October 2023 and were signed on its behalf by
Kristin McIntyre Director Company Registration No. 11779892
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Tax, Asset & Commercial Strategies Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Tax, Asset & Commercial Strategies Ltd is a private company, limited by shares, registered in England and Wales, registration number 11779892. The registered office is Suite 115, Maling Exchange, Hoults Yard, Walker Road, Newcastle upon Tyne, Tyne and Wear, NE6 2HL, England.
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:
Fixtures & fittings
25% straight line
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tax, Asset & Commercial Strategies Ltd Notes to the Accounts for the year ended 31 January 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 February 2022
28,820 
At 31 January 2023
28,820 
Depreciation
At 1 February 2022
3,589 
Charge for the year
2,882 
At 31 January 2023
6,471 
Net book value
At 31 January 2023
22,349 
At 31 January 2022
25,231 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
75,881 
135,699 
Accrued income and prepayments
15,000 
14,692 
Other debtors
12,876 
12,876 
103,757 
163,267 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
61,176 
146,523 
Trade creditors
6,000 
6,000 
Taxes and social security
46,638 
64,550 
113,814 
217,073 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
45,698 
50,000 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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