6 30/11/2023 2023-11-30 false false false false false false false false false false true false false true false false false false true false false No description of principal activities is disclosed 2022-06-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 12609827 2022-06-01 2023-11-30 12609827 2023-11-30 12609827 2022-05-31 12609827 bus:RegisteredOffice 2022-06-01 2023-11-30 12609827 bus:OrdinaryShareClass1 2022-06-01 2023-11-30 12609827 bus:LeadAgentIfApplicable 2022-06-01 2023-11-30 12609827 bus:Director1 2022-06-01 2023-11-30 12609827 bus:Director2 2022-06-01 2023-11-30 12609827 core:WithinOneYear 2023-11-30 12609827 core:WithinOneYear 2022-05-31 12609827 core:ShareCapital 2023-11-30 12609827 core:ShareCapital 2022-05-31 12609827 core:RetainedEarningsAccumulatedLosses 2023-11-30 12609827 core:RetainedEarningsAccumulatedLosses 2022-05-31 12609827 bus:OrdinaryShareClass1 core:ShareCapital 2023-11-30 12609827 bus:OrdinaryShareClass1 core:ShareCapital 2022-05-31 12609827 bus:SmallEntities 2022-06-01 2023-11-30 12609827 bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-11-30 12609827 bus:FullAccounts 2022-06-01 2023-11-30 12609827 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-11-30 12609827 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-11-30
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
Directors Mr Anthony David Chorlton
Mr David William Parry (Resigned 14th September 22)
Company number 12609827
Registered office Crossens Way, Marine Drive
Southport
Merseyside
PR9 9LY
Accountants Forshaws Accountants Limited
Crossens Way Business Park
Crossens Way
Southport
PR9 9LY
Pockex Tax Limited
Statement of financial position
30 November 2023
30/11/23 31/05/22
Note £ £ £ £
Current assets
Debtors 5 105,650 69,840
Cash at bank and in hand 220,820 ( 42,832)
_______ _______
326,470 27,008
Creditors: amounts falling due
within one year 6 ( 262,688) ( 26,934)
_______ _______
Net current assets 63,782 74
_______ _______
Total assets less current liabilities 63,782 74
_______ _______
Net assets 63,782 74
_______ _______
Capital and reserves
Called up share capital 8 100 100
Profit and loss account 63,683 ( 197)
_______ _______
Shareholders funds/(deficit) 63,783 ( 97)
_______ _______
Suspense account (-) 170
_______ _______
63,783 73
_______ _______
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:
- 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;
- 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
30/11/23 31/05/22
£ £
Trade debtors 77,364 65,355
Other debtors 28,286 4,485
_______ _______
105,650 69,840
_______ _______
6. Creditors: amounts falling due within one year
30/11/23 31/05/22
£ £
Trade creditors 80,373 576
Corporation tax 15,259 -
Social security and other taxes 2,100 748
Other creditors 164,956 25,610
_______ _______
262,688 26,934
_______ _______
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
30/11/23 31/05/22
No £ No £
Ordinary Shares shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______