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REGISTERED NUMBER: 09191044 (England and Wales)















EASY TAX SOLUTIONS LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






EASY TAX SOLUTIONS LIMITED (REGISTERED NUMBER: 09191044)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EASY TAX SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M C Howarth
A D Howarth
D Wilmot





REGISTERED OFFICE: Unit 12 Bates Industrial Estate
Church Road
Romford
Essex
RM3 0HU





REGISTERED NUMBER: 09191044 (England and Wales)





ACCOUNTANTS: Howard & Stapleton
2nd Floor Offices
26-28 West Street
Market Square
Rochford
Essex
SS4 1AJ

EASY TAX SOLUTIONS LIMITED (REGISTERED NUMBER: 09191044)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 37,219 50,355
Tangible assets 5 357 7,541
Investments 6 100 100
37,676 57,996

CURRENT ASSETS
Debtors 7 1,489,579 1,484,484
Cash at bank and in hand 1,313,376 1,005,651
2,802,955 2,490,135
CREDITORS
Amounts falling due within one year 8 749,317 763,788
NET CURRENT ASSETS 2,053,638 1,726,347
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,091,314

1,784,343

PROVISIONS FOR LIABILITIES 9 89 1,885
NET ASSETS 2,091,225 1,782,458

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 2,091,125 1,782,358
SHAREHOLDERS' FUNDS 2,091,225 1,782,458

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

EASY TAX SOLUTIONS LIMITED (REGISTERED NUMBER: 09191044)

BALANCE SHEET - continued
31 DECEMBER 2023


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 9 May 2024 and were signed on its behalf by:





A D Howarth - Director


EASY TAX SOLUTIONS LIMITED (REGISTERED NUMBER: 09191044)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Easy Tax Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Our revenue recognition policy has 5 principles: -

(1) Client engagement has been confirmed and the relevant contingent fee percentage agreed.

(2) Collection of the fee is probable based on the quality of the R&D for tax purposes.

(3) Our consultancy, tax and technical obligations under the engagement have been fulfilled and the clients' claim submitted.

(4) Revenue earned is recognised at the point of submission to HMRC.

(5) All costs per claim are allocated in the same year as submission.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost


EASY TAX SOLUTIONS LIMITED (REGISTERED NUMBER: 09191044)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 11 ) .

EASY TAX SOLUTIONS LIMITED (REGISTERED NUMBER: 09191044)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 January 2023
and 31 December 2023 65,680
AMORTISATION
At 1 January 2023 15,325
Amortisation for year 13,136
At 31 December 2023 28,461
NET BOOK VALUE
At 31 December 2023 37,219
At 31 December 2022 50,355

Software is being written off in equal instalments over its estimated economic life of 5 years.

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 18,926 22,638 41,564
Additions - 442 442
At 31 December 2023 18,926 23,080 42,006
DEPRECIATION
At 1 January 2023 15,942 18,081 34,023
Charge for year 2,984 4,642 7,626
At 31 December 2023 18,926 22,723 41,649
NET BOOK VALUE
At 31 December 2023 - 357 357
At 31 December 2022 2,984 4,557 7,541

EASY TAX SOLUTIONS LIMITED (REGISTERED NUMBER: 09191044)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 100
NET BOOK VALUE
At 31 December 2023 100
At 31 December 2022 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 234,776 178,675
Other debtors 1,254,803 1,305,809
1,489,579 1,484,484

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 8,070 31,213
Amounts owed to group undertakings 100 100
Taxation and social security 175,914 199,850
Other creditors 565,233 532,625
749,317 763,788

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 89 1,885

Deferred
tax
£   
Balance at 1 January 2023 1,885
Provided during year (1,796 )
Balance at 31 December 2023 89

EASY TAX SOLUTIONS LIMITED (REGISTERED NUMBER: 09191044)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100,000 Ordinary 0.001 100 100

11. RESERVES
Retained
earnings
£   

At 1 January 2023 1,782,358
Profit for the year 308,767
At 31 December 2023 2,091,125

12. RELATED PARTY DISCLOSURES

During the year a further £50,000 was advanced to a company under common control. A total of £150,000 remained unpaid at the year end and is included in other debtors, is interest free and has no fixed repayment date.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A Howarth by virtue of his majority ownership of the company.