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HS TAX SERVICES LIMITED

Registered Number
06891126
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

HS TAX SERVICES LIMITED
Company Information
for the year from 1 May 2023 to 30 April 2024

Director

EDWARDS, Gayle Janet

Company Secretary

EDWARDS, Robert Blake

Registered Address

Tremelling
7 Oakhurst Avenue
Harpenden
AL5 2NB

Registered Number

06891126 (England and Wales)
HS TAX SERVICES LIMITED
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors6161
Current asset investments244,738225,302
Cash at bank and on hand2,4107,734
247,209233,097
Creditors amounts falling due within one year(101,590)(100,484)
Net current assets (liabilities)145,619132,613
Total assets less current liabilities145,619132,613
Provisions for liabilities-(999)
Net assets145,619131,614
Capital and reserves
Called up share capital22
Revaluation reserve18,7272,998
Profit and loss account126,890128,614
Shareholders' funds4145,619131,614
The financial statements were approved and authorised for issue by the Director on 23 November 2024, and are signed on its behalf by:
EDWARDS, Gayle Janet
Director
Registered Company No. 06891126
HS TAX SERVICES LIMITED
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investments
Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year22
3.Directors advances, credits and guarantees
Included in creditors is £100,992 (2023: £99,911) due to the director. The advance is provided interest free and is repayable on demand.
4.Revaluation reserve
The investment portfolio has been valued by an independent investment manager, Charles Stanley & Co Ltd

£
Reserve at 01 May 232,998
Revaluations of other assets20,971
Deferred Tax on Revaluations(5,242)
At 30 April 2418,727