1 May 2023 false No description of principal activity Taxfiler 2024.5 4401280business:PrivateLimitedCompanyLtd2023-05-012024-04-30 44012802023-04-30 44012802023-05-012024-04-30 4401280business:AuditExempt-NoAccountantsReport2023-05-012024-04-30 4401280business:AbridgedAccounts2023-05-012024-04-30 44012802024-04-30 44012802023-04-30 4401280core:WithinOneYear2024-04-30 4401280core:WithinOneYear2023-04-30 4401280core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 4401280core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 4401280core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 4401280core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 4401280core:PreviouslyStatedAmount2024-04-30 4401280core:PreviouslyStatedAmount2023-04-30 4401280business:SmallEntities2023-05-012024-04-30 4401280business:Director12023-05-012024-04-30 4401280countries:EnglandWales2023-05-012024-04-30 4401280business:RegisteredOffice2023-05-012024-04-30 4401280core:PlantMachinery2023-05-012024-04-30 4401280business:OrdinaryShareClass12023-05-012024-04-30 4401280business:OrdinaryShareClass12022-05-012023-04-30 44012802022-05-012023-04-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 4401280 (England and Wales)
Taxworld Financial Ltd Unaudited accounts for the year ended 30 April 2024
Taxworld Financial Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
35,000 
35,000 
Tangible assets
1,562 
1,735 
36,562 
36,735 
Current assets
Cash at bank and in hand
9,239 
1,172 
Creditors: amounts falling due within one year
1,267 
(3,659)
Net current assets/(liabilities)
10,506 
(2,487)
Net assets
47,068 
34,248 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
46,968 
34,148 
Shareholders' funds
47,068 
34,248 
For the year ending 30 April 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 12 August 2024 and were signed on its behalf by
A Hickson Director Company Registration No. 4401280
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Taxworld Financial Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Taxworld Financial Ltd is a private company, limited by shares, registered in England and Wales, registration number 4401280. The registered office is 4 Broad Oak Close, West Hill, Ottery St Mary, Devon, EX11 1XW.
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.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10 per cent on a reducing balance
Intangible fixed assets
No adjustment has been made.
4
Intangible fixed assets
Total 
£ 
Cost
At 1 May 2023
35,000 
At 30 April 2024
35,000 
Amortisation
At 1 May 2023
- 
At 30 April 2024
- 
Net book value
At 30 April 2024
35,000 
At 30 April 2023
35,000 
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Taxworld Financial Ltd Notes to the Accounts for the year ended 30 April 2024
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 May 2023
16,836 
At 30 April 2024
16,836 
Depreciation
At 1 May 2023
15,101 
Charge for the year
173 
At 30 April 2024
15,274 
Net book value
At 30 April 2024
1,562 
At 30 April 2023
1,735 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Average number of employees
During the year the average number of employees was 1 (2023: 2).
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