Company registration number:
12609827
Pockex Tax Limited
Unaudited filleted financial statements
30 November 2023
Pockex Tax Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Pockex Tax Limited
Directors and other information
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Directors |
Mr Anthony David Chorlton |
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Mr David William Parry |
(Resigned 14th September 22) |
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Company number |
12609827 |
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Registered office |
Crossens Way, Marine Drive |
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Southport |
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Merseyside |
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PR9 9LY |
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Accountants |
Forshaws Accountants Limited |
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Crossens Way Business Park |
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Crossens Way |
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Southport |
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PR9 9LY |
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Pockex Tax Limited
Statement of financial position
30 November 2023
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30/11/23 |
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31/05/22 |
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Note |
£ |
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£ |
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£ |
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£ |
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Current assets |
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Debtors |
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5 |
105,650 |
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69,840 |
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Cash at bank and in hand |
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220,820 |
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(
42,832) |
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_______ |
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_______ |
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326,470 |
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27,008 |
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Creditors: amounts falling due |
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within one year |
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6 |
(
262,688) |
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(
26,934) |
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_______ |
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_______ |
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Net current assets |
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63,782 |
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74 |
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_______ |
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_______ |
Total assets less current liabilities |
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63,782 |
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74 |
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_______ |
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Net assets |
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63,782 |
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74 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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8 |
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100 |
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100 |
Profit and loss account |
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63,683 |
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(
197) |
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_______ |
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Shareholders funds/(deficit) |
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63,783 |
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(
97) |
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_______ |
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Suspense account |
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(-) |
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170 |
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_______ |
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_______ |
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63,783 |
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73 |
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_______ |
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_______ |
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For the period ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
29 August 2024
, and are signed on behalf of the board by:
Mr Anthony David Chorlton
Director
Company registration number:
12609827
Pockex Tax Limited
Notes to the financial statements
Period ended 30 November 2023
1.
General information
The company is a private company limited by shares, registered in . The address of the registered office is Railex Business Centre, Crossens Way, Marine Drive, Southport, Merseyside, PR9 9LY.
The principal activity of the company is tax consultancy.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
6
(2022: Nil).
5.
Debtors
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30/11/23 |
31/05/22 |
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£ |
£ |
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Trade debtors |
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77,364 |
65,355 |
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Other debtors |
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28,286 |
4,485 |
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_______ |
_______ |
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105,650 |
69,840 |
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_______ |
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6.
Creditors: amounts falling due within one year
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30/11/23 |
31/05/22 |
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£ |
£ |
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Trade creditors |
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80,373 |
576 |
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Corporation tax |
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15,259 |
- |
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Social security and other taxes |
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2,100 |
748 |
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Other creditors |
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164,956 |
25,610 |
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_______ |
_______ |
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262,688 |
26,934 |
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_______ |
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7.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
8.
Called up share capital
Issued, called up and fully paid
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30/11/23 |
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31/05/22 |
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No |
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£ |
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No |
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£ |
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Ordinary Shares shares of £
1.00 each |
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100 |
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100 |
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100 |
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100 |
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