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REGISTERED NUMBER: 04351803 (England and Wales)















Tax Management for Clergy Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Tax Management for Clergy Limited (Registered number: 04351803)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Tax Management for Clergy Limited

Company Information
for the Year Ended 31 March 2024







Directors: Mrs M Moreton
M J Bowler
C A J Moreton
D L Foston





Secretary: C A J Moreton





Registered office: Stanton House
31 Westgate
Grantham
Lincolnshire
NG31 6LX





Registered number: 04351803 (England and Wales)





Accountants: Rupert King & Company Limited
Stanton House
31 Westgate
Grantham
Lincolnshire
NG31 6LX

Tax Management for Clergy Limited (Registered number: 04351803)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 13,001 14,085

Current assets
Debtors 5 41,821 58,306
Cash at bank and in hand 354,774 336,919
396,595 395,225
Creditors
Amounts falling due within one year 6 120,288 118,671
Net current assets 276,307 276,554
Total assets less current liabilities 289,308 290,639

Provisions for liabilities 7 3,024 2,466
Net assets 286,284 288,173

Capital and reserves
Called up share capital 100 100
Retained earnings 286,184 288,073
Shareholders' funds 286,284 288,173

Tax Management for Clergy Limited (Registered number: 04351803)

Balance Sheet - continued
31 March 2024


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.

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 24 September 2024 and were signed on its behalf by:





Mrs M Moreton - Director


Tax Management for Clergy Limited (Registered number: 04351803)

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

1. Statutory information

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

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 - 33% on reducing balance and 15% 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.

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.

Tax Management for Clergy Limited (Registered number: 04351803)

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

3. Employees and directors

The average number of employees during the year was 14 (2023 - 14 ) .

4. Tangible fixed assets
Fixtures,
fittings Computer
& equipment equipment Totals
£    £    £   
Cost
At 1 April 2023 8,125 27,796 35,921
Additions 350 4,002 4,352
Disposals (233 ) - (233 )
At 31 March 2024 8,242 31,798 40,040
Depreciation
At 1 April 2023 4,376 17,460 21,836
Charge for year 599 4,733 5,332
Eliminated on disposal (129 ) - (129 )
At 31 March 2024 4,846 22,193 27,039
Net book value
At 31 March 2024 3,396 9,605 13,001
At 31 March 2023 3,749 10,336 14,085

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 13,000 39,612
Other debtors 28,821 18,694
41,821 58,306

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 809 820
Taxation and social security 112,081 116,615
Other creditors 7,398 1,236
120,288 118,671

Tax Management for Clergy Limited (Registered number: 04351803)

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

7. Provisions for liabilities
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 3,024 2,466

Deferred
tax
£   
Balance at 1 April 2023 2,466
Provided during year 558
Balance at 31 March 2024 3,024

8. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
D L Foston
Balance outstanding at start of year - -
Amounts advanced 10,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,000 -