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Logo On Report
Registered Number: 14705166
England and Wales

 

 

 

PRACTICE TAX LTD


Abridged Accounts
 


Period of accounts

Start date: 03 March 2023

End date: 31 March 2024
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 March 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Titus Accounts Ltd
31 March 2024



....................................................

Titus Accounts Ltd

Kemp House
152-160 City Road
London
EC1V 2NX
28 November 2024
1
 
 
Notes
 
2024
£
Fixed assets    
Intangible fixed assets 3 3,336 
3,336 
Current assets    
Cash at bank and in hand 590 
Creditors: amount falling due within one year (4,323)
Net current assets (3,733)
 
Total assets less current liabilities (397)
Net assets (397)
 

Capital and reserves
   
Called up share capital 4 1 
Profit and loss account (398)
Shareholders' funds (397)
 


For the period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 28 November 2024 and were signed by:


-------------------------------
Jack Peter MOORLEY
Director
2
General Information
PRACTICE TAX LTD is a private company, limited by shares, registered in England and Wales, registration number 14705166, registration address C/O TITUS ACCOUNTS REGUS, CENTRAL BOULEVARD, BLYTHE VALLEY BUSINESS PARK SOLIHULL, B90 8AG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Development expenditures
Research and development expenditure is charged to the income statement in the period in which it is incurred. However, where the directors are satisfied as to the technical, commercial and financial viability of individual projects, development expenditure is deferred and amortised over 100 years during which the company is expected to benefit.
2.

Average number of employees

Average number of employees during the period was 1.
3.

Intangible fixed assets

Cost Research and Development   Total
  £   £
At 03 March 2023  
Additions 3,336    3,336 
Disposals  
At 31 March 2024 3,336    3,336 
Amortisation
At 03 March 2023  
Charge for period  
On disposals  
At 31 March 2024  
Net book values
At 31 March 2024 3,336    3,336 
At 02 March 2023  


4.

Share Capital

Allotted, called up and fully paid
2024
£
1 Class A share of £1.00 each

3