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Registered Number: 11637989
England and Wales

 

 

 

TAX RELAX LTD


Abridged Accounts
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 62,286    32,286 
Investments 4 50,000   
112,286    32,286 
Current assets      
Debtors 36,722    28,519 
Cash at bank and in hand 42,571    61,391 
79,293    89,910 
Creditors: amount falling due within one year (77)   (3,133)
Net current assets 79,216    86,777 
 
Total assets less current liabilities 191,502    119,063 
Creditors: amount falling due after more than one year (77,441)   (84,583)
Provisions for liabilities (30,000)  
Net assets 84,061    34,480 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 83,961    33,485 
Shareholders' funds 84,061    33,585 
 


For the year ended 31 March 2024 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 their 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 financial statements were approved by the director on 29 August 2024 and were signed by:


-------------------------------
Grant Hutton
Director
1
General Information
TAX RELAX LTD is a private company, limited by shares, registered in England and Wales, registration number 11637989, registration address 37 OAKLAND STREET, BEDLINOG TREHARRIS, CF46 6TE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
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:
Motor Vehicles 20% Reducing Balance
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 3 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 April 2023   7,127    5,974    13,101 
Additions 58,500        58,500 
Disposals      
At 31 March 2024 58,500    7,127    5,974    71,601 
Depreciation
At 01 April 2023   1,425    1,195    2,620 
Charge for year 4,550    1,125    1,020    6,695 
On disposals      
At 31 March 2024 4,550    2,550    2,215    9,315 
Net book values
Closing balance as at 31 March 2024 53,950    4,577    3,759    62,286 
Opening balance as at 01 April 2023 23,950    4,577    3,759    32,286 


4.

Investments

Cost Loans to group undertakings   Total
  £   £
At 01 April 2023  
Additions 50,000    50,000 
Transfer to/from tangible fixed assets  
Disposals  
At 31 March 2024 50,000    50,000 

2