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REGISTERED NUMBER: 09597881 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Inghams Tax and Accounting Limited

Inghams Tax and Accounting Limited (Registered number: 09597881)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Inghams Tax and Accounting Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Ms E Joyce





SECRETARY: DJ Ingham





REGISTERED OFFICE: Suite 1, 31 Sheephouse
Farnham
Surrey
GU9 8LR





REGISTERED NUMBER: 09597881 (England and Wales)






Inghams Tax and Accounting Limited (Registered number: 09597881)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,010 3,022

CURRENT ASSETS
Debtors 5 26,753 18,089
Cash at bank 63,943 64,996
90,696 83,085
CREDITORS
Amounts falling due within one year 6 21,760 21,918
NET CURRENT ASSETS 68,936 61,167
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,946

64,189

PROVISIONS FOR LIABILITIES 1,052 695
NET ASSETS 72,894 63,494

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 72,794 63,394
SHAREHOLDERS' FUNDS 72,894 63,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 November 2024 and were signed by:



Ms E Joyce - Director


Inghams Tax and Accounting Limited (Registered number: 09597881)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Inghams Tax and Accounting 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.

Revenue recognition
Turnover is measured at fair value and comprises income derived from the ordinary activities of the business during the year excluding vat. The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.

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 cost and 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Financial instruments
Basic financial instruments are recognised at amortised cost, with any changes in fair value being recognised in the profit and loss.

Inghams Tax and Accounting Limited (Registered number: 09597881)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 7,559
Additions 6,949
Disposals (4,408 )
At 30 September 2024 10,100
DEPRECIATION
At 1 October 2023 4,537
Charge for year 3,334
Eliminated on disposal (2,781 )
At 30 September 2024 5,090
NET BOOK VALUE
At 30 September 2024 5,010
At 30 September 2023 3,022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 15,175 12,545
Other debtors 11,578 5,544
26,753 18,089

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Taxation and social security 21,719 21,348
Other creditors 41 570
21,760 21,918

Inghams Tax and Accounting Limited (Registered number: 09597881)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
Ms E Joyce
Balance outstanding at start of year - -
Amounts advanced 7,498 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,498 -