Registered number
09396874
TAXNSAVE LTD
Filleted Accounts
31 January 2024
TAXNSAVE LTD
Registered number: 09396874
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,800 3,420
Current assets
Debtors 4 37,003 41,275
Cash at bank and in hand 20,493 20,961
57,496 62,236
Creditors: amounts falling due within one year 5 (24,819) (21,443)
Net current assets 32,677 40,793
Total assets less current liabilities 34,477 44,213
Creditors: amounts falling due after more than one year 6 (34,228) (43,258)
Net assets 249 955
Capital and reserves
Called up share capital 2 2
Profit and loss account 247 953
Shareholder's funds 249 955
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 and delivered 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.
Hatem Letaief
Director
Approved by the board on 27 October 2024
TAXNSAVE LTD
Notes to the Accounts
for the year ended 31 January 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 (as applied to small entities by section 1A of the standard).
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.
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:
Fixtures, fittings, tools and equipment over 5 years
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 109 127
3 Tangible fixed assets
Fixtures, fittings, tools and equipment
£
Cost
At 1 February 2023 8,100
At 31 January 2024 8,100
Depreciation
At 1 February 2023 4,680
Charge for the year 1,620
At 31 January 2024 6,300
Net book value
At 31 January 2024 1,800
At 31 January 2023 3,420
4 Debtors 2024 2023
£ £
Other debtors 37,003 41,275
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 20,275 17,120
Other creditors 4,544 4,323
24,819 21,443
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 34,228 43,258
7 Other information
TAXNSAVE LTD is a private company limited by shares and incorporated in England. Its registered office is:
Weatherhill House
23 Whitestone way
Croydon
CR0 4WF
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