Registered number
08324739
EE Accountax Limited
Filleted Accounts
31 December 2023
EE Accountax Limited
Registered number: 08324739
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 64,916 70,414
Current assets
Debtors 4 53,409 59,816
Cash at bank and in hand 89,164 72,048
142,573 131,864
Creditors: amounts falling due within one year 5 (31,348) (21,307)
Net current assets 111,225 110,557
Total assets less current liabilities 176,141 180,971
Creditors: amounts falling due after more than one year 6 (17,441) (26,954)
Provisions for liabilities (9,310) (10,354)
Net assets 149,390 143,663
Capital and reserves
Called up share capital 100 100
Profit and loss account 149,290 143,563
Shareholders' funds 149,390 143,663
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Energy Kam Pui Yiu
Director
Approved by the board on 20 June 2024
EE Accountax Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
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).
Turnover
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. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on tangible fixed assets at rates calculated as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 10 years
Vehicles over 10 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 11 9
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2023 15,917 20,122 58,785 94,824
Additions - 5,771 - 5,771
Disposals - (20,346) - (20,346)
At 31 December 2023 15,917 5,547 58,785 80,249
Depreciation
At 1 January 2023 - 16,579 7,831 24,410
Charge for the year - 841 5,878 6,719
On disposals - (15,796) - (15,796)
At 31 December 2023 - 1,624 13,709 15,333
Net book value
At 31 December 2023 15,917 3,923 45,076 64,916
At 31 December 2022 15,917 3,543 50,954 70,414
4 Debtors 2023 2022
£ £
Trade debtors 25,709 26,076
Other debtors 27,700 33,740
53,409 59,816
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,262 681
Taxation and social security costs 21,842 19,270
Other creditors 7,244 1,356
31,348 21,307
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 17,441 26,954
7 Other information
EE Accountax Limited is a private company limited by shares and incorporated in England. Its registered office is:
129 Allenby Road
Leeds
LS11 5RR
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