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Company Registration No. 07512821 (England and Wales)
VW Taxation Ltd Unaudited accounts for the year ended 31 March 2024
VW Taxation Ltd Unaudited accounts Contents
Page
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VW Taxation Ltd Company Information for the year ended 31 March 2024
Director
Gary 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 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
70,667 
86,667 
Tangible assets
3,949 
27,402 
74,616 
114,069 
Current assets
Debtors
103,456 
41,943 
Cash at bank and in hand
5,486 
2,913 
108,942 
44,856 
Creditors: amounts falling due within one year
(123,616)
(120,301)
Net current liabilities
(14,674)
(75,445)
Total assets less current liabilities
59,942 
38,624 
Creditors: amounts falling due after more than one year
(95,264)
(36,113)
Net (liabilities)/assets
(35,322)
2,511 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(35,422)
2,411 
Shareholders' funds
(35,322)
2,511 
For the year ending 31 March 2024 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 1 August 2024 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 2024
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 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
160,000 
At 31 March 2024
160,000 
Amortisation
At 1 April 2023
73,333 
Charge for the year
16,000 
At 31 March 2024
89,333 
Net book value
At 31 March 2024
70,667 
At 31 March 2023
86,667 
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
14,583 
5,087 
26,653 
46,323 
Disposals
- 
(5,087)
(26,653)
(31,740)
At 31 March 2024
14,583 
- 
- 
14,583 
Depreciation
At 1 April 2023
6,988 
4,154 
7,779 
18,921 
Charge for the year
3,646 
424 
8,686 
12,756 
On disposals
- 
(4,578)
(16,465)
(21,043)
At 31 March 2024
10,634 
- 
- 
10,634 
Net book value
At 31 March 2024
3,949 
- 
- 
3,949 
At 31 March 2023
7,595 
933 
18,874 
27,402 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
15,526 
Accrued income and prepayments
22,776 
1,737 
Other debtors
80,680 
24,680 
103,456 
41,943 
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VW Taxation Ltd Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
63,660 
44,003 
VAT
8,428 
3,962 
Obligations under finance leases and hire purchase contracts
2,478 
2,478 
Trade creditors
24,285 
44,929 
Taxes and social security
24,765 
24,929 
123,616 
120,301 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
73,058 
26,429 
Obligations under finance leases and hire purchase contracts
7,206 
9,684 
Other creditors
15,000 
- 
95,264 
36,113 
9
Share capital
2024 
2023 
£ 
£ 
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 (2023: 3).
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