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REGISTERED NUMBER: 05079178 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

WWW.TAXREBATESERVICES.CO.UK Limited

WWW.TAXREBATESERVICES.CO.UK Limited (Registered number: 05079178)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


WWW.TAXREBATESERVICES.CO.UK Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: T Donohoe
P Donohoe





SECRETARY: T Donohoe





REGISTERED OFFICE: 12 Randall Street
Carlisle
Cumbria
CA2 5DW





REGISTERED NUMBER: 05079178 (England and Wales)





ACCOUNTANTS: James W A Cruickshank & Co
Chartered Accountants
Chartered Tax Advisers
Inglewood
Wreay
Carlisle
Cumbria
CA4 0RL

WWW.TAXREBATESERVICES.CO.UK Limited (Registered number: 05079178)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 265,046 265,885

CURRENT ASSETS
Debtors 3,416 5,921
Cash at bank - 21,036
3,416 26,957
CREDITORS
Amounts falling due within one year 24,231 56,868
NET CURRENT LIABILITIES (20,815 ) (29,911 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

244,231

235,974

CREDITORS
Amounts falling due after more than one
year

5

(34,259

)

(39,814

)

PROVISIONS FOR LIABILITIES (299 ) (452 )
NET ASSETS 209,673 195,708

CAPITAL AND RESERVES
Called up share capital 105 105
Retained earnings 209,568 195,603
SHAREHOLDERS' FUNDS 209,673 195,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

WWW.TAXREBATESERVICES.CO.UK Limited (Registered number: 05079178)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2024 and were signed on its behalf by:




P Donohoe - Director



T Donohoe - Director


WWW.TAXREBATESERVICES.CO.UK Limited (Registered number: 05079178)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

WWW.TAXREBATESERVICES.CO.UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services plus those services performed where the company has a right to consideration, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Accounting for employee benefits
The company holiday year is coterminous with the financial year. The company does not allow any carry forward of holidays nor does it allow any holidays to be taken in advance of accrued holiday entitlement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

WWW.TAXREBATESERVICES.CO.UK Limited (Registered number: 05079178)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 281,082
Additions 842
At 31 March 2024 281,924
DEPRECIATION
At 1 April 2023 15,197
Charge for year 1,681
At 31 March 2024 16,878
NET BOOK VALUE
At 31 March 2024 265,046
At 31 March 2023 265,885

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.3.24 31.3.23
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 34,259 39,814