2022-11-012023-10-312023-10-31false10445962TaxStats Ltd.2024-07-28iso4217:GBPxbrli:pure104459622022-11-01104459622023-10-31104459622022-11-012023-10-31104459622021-11-01104459622022-10-31104459622021-11-012022-10-3110445962bus:SmallEntities2022-11-012023-10-3110445962bus:AuditExempt-NoAccountantsReport2022-11-012023-10-3110445962bus:AbridgedAccounts2022-11-012023-10-3110445962bus:PrivateLimitedCompanyLtd2022-11-012023-10-3110445962core:WithinOneYear2023-10-3110445962core:AfterOneYear2023-10-3110445962core:WithinOneYear2022-10-3110445962core:AfterOneYear2022-10-311044596212022-11-012023-10-3110445962core:ShareCapital2023-10-3110445962core:SharePremium2023-10-3110445962core:RevaluationReserve2023-10-3110445962core:OtherReservesSubtotal2023-10-3110445962core:RetainedEarningsAccumulatedLosses2023-10-3110445962core:ShareCapital2022-10-3110445962core:SharePremium2022-10-3110445962core:RevaluationReserve2022-10-3110445962core:OtherReservesSubtotal2022-10-3110445962core:RetainedEarningsAccumulatedLosses2022-10-3110445962core:LandBuildings2023-10-3110445962core:PlantMachinery2023-10-3110445962core:Vehicles2023-10-3110445962core:FurnitureFittings2023-10-3110445962core:OfficeEquipment2023-10-3110445962core:NetGoodwill2023-10-3110445962core:IntangibleAssetsOtherThanGoodwill2023-10-3110445962core:ListedExchangeTraded2023-10-3110445962core:UnlistedNon-exchangeTraded2023-10-3110445962core:LandBuildings2022-10-3110445962core:PlantMachinery2022-10-3110445962core:Vehicles2022-10-3110445962core:FurnitureFittings2022-10-3110445962core:OfficeEquipment2022-10-3110445962core:NetGoodwill2022-10-3110445962core:IntangibleAssetsOtherThanGoodwill2022-10-3110445962core:ListedExchangeTraded2022-10-3110445962core:UnlistedNon-exchangeTraded2022-10-3110445962core:LandBuildings2022-11-012023-10-3110445962core:PlantMachinery2022-11-012023-10-3110445962core:Vehicles2022-11-012023-10-3110445962core:FurnitureFittings2022-11-012023-10-3110445962core:OfficeEquipment2022-11-012023-10-3110445962core:NetGoodwill2022-11-012023-10-3110445962core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3110445962core:ListedExchangeTraded2022-11-012023-10-3110445962core:UnlistedNon-exchangeTraded2022-11-012023-10-3110445962core:MoreThanFiveYears2022-11-012023-10-3110445962core:Non-currentFinancialInstruments2023-10-3110445962core:Non-currentFinancialInstruments2022-10-3110445962dpl:CostSales2022-11-012023-10-3110445962dpl:DistributionCosts2022-11-012023-10-3110445962core:LandBuildings2022-11-012023-10-3110445962core:PlantMachinery2022-11-012023-10-3110445962core:Vehicles2022-11-012023-10-3110445962core:FurnitureFittings2022-11-012023-10-3110445962core:OfficeEquipment2022-11-012023-10-3110445962dpl:AdministrativeExpenses2022-11-012023-10-3110445962core:NetGoodwill2022-11-012023-10-3110445962core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3110445962dpl:GroupUndertakings2022-11-012023-10-3110445962dpl:ParticipatingInterests2022-11-012023-10-3110445962dpl:GroupUndertakingscore:ListedExchangeTraded2022-11-012023-10-3110445962core:ListedExchangeTraded2022-11-012023-10-3110445962dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-11-012023-10-3110445962core:UnlistedNon-exchangeTraded2022-11-012023-10-3110445962dpl:CostSales2021-11-012022-10-3110445962dpl:DistributionCosts2021-11-012022-10-3110445962core:LandBuildings2021-11-012022-10-3110445962core:PlantMachinery2021-11-012022-10-3110445962core:Vehicles2021-11-012022-10-3110445962core:FurnitureFittings2021-11-012022-10-3110445962core:OfficeEquipment2021-11-012022-10-3110445962dpl:AdministrativeExpenses2021-11-012022-10-3110445962core:NetGoodwill2021-11-012022-10-3110445962core:IntangibleAssetsOtherThanGoodwill2021-11-012022-10-3110445962dpl:GroupUndertakings2021-11-012022-10-3110445962dpl:ParticipatingInterests2021-11-012022-10-3110445962dpl:GroupUndertakingscore:ListedExchangeTraded2021-11-012022-10-3110445962core:ListedExchangeTraded2021-11-012022-10-3110445962dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-11-012022-10-3110445962core:UnlistedNon-exchangeTraded2021-11-012022-10-3110445962core:NetGoodwill2023-10-3110445962core:IntangibleAssetsOtherThanGoodwill2023-10-3110445962core:LandBuildings2023-10-3110445962core:PlantMachinery2023-10-3110445962core:Vehicles2023-10-3110445962core:FurnitureFittings2023-10-3110445962core:OfficeEquipment2023-10-3110445962core:AfterOneYear2023-10-3110445962core:WithinOneYear2023-10-3110445962core:ListedExchangeTraded2023-10-3110445962core:UnlistedNon-exchangeTraded2023-10-3110445962core:ShareCapital2023-10-3110445962core:SharePremium2023-10-3110445962core:RevaluationReserve2023-10-3110445962core:OtherReservesSubtotal2023-10-3110445962core:RetainedEarningsAccumulatedLosses2023-10-3110445962core:NetGoodwill2022-10-3110445962core:IntangibleAssetsOtherThanGoodwill2022-10-3110445962core:LandBuildings2022-10-3110445962core:PlantMachinery2022-10-3110445962core:Vehicles2022-10-3110445962core:FurnitureFittings2022-10-3110445962core:OfficeEquipment2022-10-3110445962core:AfterOneYear2022-10-3110445962core:WithinOneYear202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TaxStats Ltd.

(formerly R JOHNSON LTD.)

Registered Number
10445962
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2023

TaxStats Ltd.
Company Information
for the year from 1 November 2022 to 31 October 2023

Director

JOHNSON, Lanre Robert

Registered Address

Work.Life, Core
30 Brown Street
Manchester
M2 1DH

Registered Number

10445962 (England and Wales)
TaxStats Ltd.
Statement of Financial Position
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets34491,121
Tangible assets53,2026,539
3,6517,660
Current assets
Debtors9,385109,137
Cash at bank and on hand1,2413,827
10,626112,964
Creditors amounts falling due within one year6(167,425)(102,650)
Net current assets (liabilities)(156,799)10,314
Total assets less current liabilities(153,148)17,974
Creditors amounts falling due after one year(5,965)(8,849)
Net assets(159,113)9,125
Capital and reserves
Called up share capital100100
Profit and loss account(159,213)9,025
Shareholders' funds(159,113)9,125
The financial statements were approved and authorised for issue by the Director on 28 July 2024, and are signed on its behalf by:
JOHNSON, Lanre Robert
Director
Registered Company No. 10445962
TaxStats Ltd.
Notes to the Financial Statements
for the year ended 31 October 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The Company director has a reasonable expectation that the Company will be able to continue in operational existence for the forseeable future. Thus, the Company continues to adopt the going concern basis of accounting in preparing the annual financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Intangible assets
Intangible assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20232022
Average number of employees during the year57
3.Intangible assets

Total

£
Cost or valuation
At 01 November 222,381
Disposals(672)
Amortisation and impairment
At 01 November 221,260
At 31 October 23(449)
Net book value
At 31 October 23449
At 31 October 221,121
4.Useful life of intangible assets
Intangible assets are amortised over 5 years.
5.Tangible fixed assets

Total

£
Cost or valuation
At 01 November 2217,283
Additions1,672
Disposals672
At 31 October 2318,955
Depreciation and impairment
At 01 November 2210,744
Charge for year5,681
At 31 October 2315,753
Net book value
At 31 October 233,202
At 31 October 226,539
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables87,88252,773
Bank borrowings and overdrafts-8,892
Taxation and social security79,54339,128
Other creditors-1,857
Total167,425102,650
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.