Registered number
08517848
Certax Accounting Bolton Limited
Directors Report and Financial Statements for the Year Ended
31 May 2024
Certax Accounting Bolton Limited
Registered number: 08517848
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 213 251
Tangible assets 4 4,371 4,726
4,584 4,977
Current assets
Debtors 5 39,320 52,625
Cash at bank and in hand 41,847 20,247
81,167 72,872
Creditors: amounts falling due within one year 6 (21,047) (19,252)
Net current assets 60,120 53,620
Total assets less current liabilities 64,704 58,597
Creditors: amounts falling due after more than one year 7 - (6,061)
Provisions for liabilities - (49)
Net assets 64,704 52,487
Capital and reserves
Called up share capital 100 100
Profit and loss account 64,604 52,387
Shareholder's funds 64,704 52,487
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 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.
Mr Yunus Mulla
Director
Approved by the board on 9 September 2024
Certax Accounting Bolton Limited
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2023 1,275
At 31 May 2024 1,275
Amortisation
At 1 June 2023 1,024
Provided during the year 38
At 31 May 2024 1,062
Net book value
At 31 May 2024 213
At 31 May 2023 251
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 10,397
Additions 415
At 31 May 2024 10,812
Depreciation
At 1 June 2023 5,671
Charge for the year 770
At 31 May 2024 6,441
Net book value
At 31 May 2024 4,371
At 31 May 2023 4,726
5 Debtors 2024 2023
£ £
Trade debtors 37,907 36,211
Prepayments 1,413 16,414
39,320 52,625
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 220 -
Trade creditors 695 701
Corporation tax 5,503 5,663
Other taxes and social security costs 14,611 12,887
Other creditors 18 1
21,047 19,252
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 6,061
8 Other information
Certax Accounting Bolton Limited is a private company limited by shares and incorporated in England. Its registered office is:
268 Deane Road
Bolton
Lancashire
BL3 5HP
Certax Accounting Bolton Limited 08517848 false 2023-06-01 2024-05-31 2024-05-31 VT Final Accounts April 2024 Mr Yunus Mulla No description of principal activity 08517848 2022-06-01 2023-05-31 08517848 core:WithinOneYear 2023-05-31 08517848 core:AfterOneYear 2023-05-31 08517848 core:ShareCapital 2023-05-31 08517848 core:RetainedEarningsAccumulatedLosses 2023-05-31 08517848 2023-06-01 2024-05-31 08517848 bus:EntityNoLongerTradingButTradedInPast 2023-06-01 2024-05-31 08517848 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08517848 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 08517848 bus:Director40 2023-06-01 2024-05-31 08517848 1 2023-06-01 2024-05-31 08517848 2 2023-06-01 2024-05-31 08517848 core:Goodwill 2023-06-01 2024-05-31 08517848 core:PlantMachinery 2023-06-01 2024-05-31 08517848 countries:England 2023-06-01 2024-05-31 08517848 bus:FRS102 2023-06-01 2024-05-31 08517848 bus:FilletedAccounts 2023-06-01 2024-05-31 08517848 2024-05-31 08517848 core:WithinOneYear 2024-05-31 08517848 core:AfterOneYear 2024-05-31 08517848 core:ShareCapital 2024-05-31 08517848 core:RetainedEarningsAccumulatedLosses 2024-05-31 08517848 core:Goodwill 2024-05-31 08517848 core:PlantMachinery 2024-05-31 08517848 2023-05-31 08517848 core:Goodwill 2023-05-31 08517848 core:PlantMachinery 2023-05-31 iso4217:GBP xbrli:pure