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Registered Number: 12568241
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 December 2023

for

BLUEWATER TAX ACCOUNTING LIMITED

 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 114,449   
Tangible fixed assets 4 3,738   
118,187   
Current assets      
Debtors 28,396    100 
Cash at bank and in hand 19,836   
48,232    100 
Creditors: amount falling due within one year (214,209)   (4,772)
Net current assets (165,977)   (4,672)
 
Total assets less current liabilities (47,790)   (4,672)
Net assets (47,790)   (4,672)
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account (47,890)   (4,772)
Shareholders' funds (47,790)   (4,672)
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

  2. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The director of the company has elected not to include the Income Statement within the financial statements.
The financial statements were approved by the director on 09 August 2024 and were signed by:


-------------------------------
A A Qayyum
Director
1
General Information
Bluewater Tax Accounting Limited is a private company, limited by shares and is incorporated in England and Wales. The address of the registered office is Quadrant Court, 49 Calthorpe Road, Birmingham, B15 1TH. The nature of the company's operations and its principal activity was that of an accountancy practice.
1.

Accounting policies

Significant accounting policies
The company's financial statements have been prepared in compliance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention and on a going concern basis. The financial statements comprise the unaudited financial statements of the company up to 31 December 2022 in the current period and 30 April 2022 in the prior period, and are stated in pound sterling, the company's functional and presentational currency.

The principal accounting policies applied in the preparation of these financial statements are set out below, these policies have been applied consistently to all the years presented, unless otherwise stated.
Group accounts
The company is a subsidiary company subject to the small companies regime. The company is part of a group that comprises a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
Turnover
Turnover comprises the invoiced value of services rendered by the company, exclusive of Value Added Tax.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation expense for the period comprises current tax recognised in the period. Current tax is the amount of UK corporation tax payable in respect of the taxable profit for the year or prior years calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20% Straight Line
Computer Equipment 20% Straight Line
2.

Average number of employees including directors

Average number of employees during the year was 6 (2022 : 0).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 January 2023  
Additions 122,624    122,624 
Disposals  
At 31 December 2023 122,624    122,624 
Amortisation
At 01 January 2023  
Charge for year 8,175    8,175 
On disposals  
At 31 December 2023 8,175    8,175 
Net book values
At 31 December 2023 114,449    114,449 
At 31 December 2022  


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 January 2023    
Additions 2,762    1,715    4,477 
Disposals    
At 31 December 2023 2,762    1,715    4,477 
Depreciation
At 01 January 2023    
Charge for year 358    381    739 
On disposals    
At 31 December 2023 358    381    739 
Net book values
Closing balance as at 31 December 2023 2,404    1,334    3,738 
Opening balance as at 01 January 2023    


5.

Share Capital

Authorised
100 Ordinary shares of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

2