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Registered number: 08064224

TAXPEDIA LTD

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024

Prepared By:
BR Accountants LTD
14a
Mary Rose Mall
Beckton
London
E6 5LX

TAXPEDIA LTD

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
MEMBERS
Ana STOLEA
REGISTERED OFFICE
Office 4, First Floor 241 High Street
High Road Leyton
London
E17 7BH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08064224
ACCOUNTANTS
BR Accountants LTD
14a
Mary Rose Mall
Beckton
London
E6 5LX

TAXPEDIA LTD

ACCOUNTS
FOR THEYEARENDED31/05/2024
CONTENTS
Page
Members' Report3
Accountants' Report4
Statement Of Comprehensive Income5
Balance Sheet6
Notes To The Accounts7
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account11
Profit And Loss Account Summaries12

TAXPEDIA LTD

DIRECTORS' REPORT
FOR THEYEARENDED31/05/2024
The directors present their report and accounts for theyearended31/05/2024
DIRECTORS
The directors who served during theyearwere as follows:
Ana STOLEA
STATEMENT OF DIRECTORS RESPONSIBILITIES
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulation.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements the directors are required to:
- Select suitable accounting policies and then apply them consistently;
- Make judgements and accounting estimates that are reasonable and prudent;
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The report of the directors has been prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.
This report was approved by the board on20/11/2024
Ana STOLEA
Director

TAXPEDIA LTD

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED ACCOUNTS
OF TAXPEDIA LTD, FOR THE YEAR ENDED 31/05/2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of TAXPEDIA LTD for the year ended 31/05/2024 as set out on pages 5 to 10 from the company's accounting records and from information and explanations you have given us.
As a practising member of the AAT, we are subject to its ethical and other professional requirements which are detailed on their website.
This report is made solely to the Board of Directors of TAXPEDIA LTD, as a body, in accordance with the terms of our engagement letter dated 01/11/2013. Our work has been undertaken solely to prepare for your approval the accounts of TAXPEDIA LTD and state those matters that we have agreed to state to the Board of Directors of TAXPEDIA LTD, as a body, in this report, in accordance with the requirements of the AAT as detailed on their website. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TAXPEDIA LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that TAXPEDIA LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profitability of TAXPEDIA LTD. You consider that TAXPEDIA LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of TAXPEDIA LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
BR Accountants LTD
14a
Mary Rose Mall
Beckton
London
E6 5LX

TAXPEDIA LTD

STATEMENT OF COMPREHENSIVE INCOME
FOR THEYEARENDED31/05/2024
Notes20242023
££
TURNOVER95,98561,729
GROSS PROFIT95,98561,729
Distribution costs and selling expenses(955)(559)
Administrative expenses(62,138)(65,024)
OPERATING PROFIT / (LOSS)32,892(3,854)
PROFIT / (LOSS) ON ORDINARY ACTIVITIES BEFORE TAXATION32,892(3,854)
Tax on profit on ordinary activities5(70)-
PROFIT / (LOSS) ON ORDINARY ACTIVITIES AFTER TAXATION32,822(3,854)

TAXPEDIA LTD

BALANCE SHEET AT 31/05/2024
20242023
Notes££
FIXED ASSETS
Tangible assets72,3332,116
CURRENT ASSETS
Debtors81,2001,200
Cash at bank and in hand44,8459,417
46,04510,617
CREDITORS: Amounts falling due within one year94,323-
NET CURRENT ASSETS41,72210,617
TOTAL ASSETS LESS CURRENT LIABILITIES44,05512,733
CAPITAL AND RESERVES
Called up share capital1011
Profit and loss account44,05412,732
TOTAL CAPITAL AND RESERVES44,05512,733
For the year ending 31/05/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board on 20/11/2024 and signed on their behalf by
.............................
Ana STOLEA
Member

TAXPEDIA LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
1c. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

TAXPEDIA LTD

2. EMPLOYEES
20242023
No.No.
Average number of employees23
3. DIRECTORS REMUNERATION
20242023
££
Total remuneration12,7498,021
4. PENSION CONTRIBUTIONS
20242023
££
Pension contributions444-
444-
5. TAX ON ORDINARY ACTIVITIES
20242023
££
Corporation tax70-
70-

TAXPEDIA LTD

6. DIVIDENDS 20242023
££
Ordinary dividends:
Final paid1,500-
1,500-
7. TANGIBLE FIXED ASSETS
Plant and
Machinery Etc.Total
££
Cost
At 01/06/20232,1162,116
Additions729729
At 31/05/20242,8452,845
Depreciation
For the year512512
At 31/05/2024512512
Net Book Amounts
At 31/05/20242,3332,333
At 31/05/20232,1162,116
8. DEBTORS 20242023
££
Amounts falling due within one year:
Other debtors1,2001,200
1,2001,200

TAXPEDIA LTD

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Trade creditors4,253-
Taxation and social security70-
4,323-
10. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11

TAXPEDIA LTD

TRADING AND PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31/05/2024
20242023
££
Turnover95,98561,729
Cost of Sales:
Gross Profit95,98561,729
95,98561,729
Less:
Distribution costs955559
Administrative expenses62,13865,024
63,09365,583
Net profit / (loss) for the year before taxation32,892(3,854)
Taxation70-
Net profit / (loss) for the year after taxation32,822(3,854)
Final dividends1,500-
1,500-
31,322(3,854)
Retained profits brought forward12,73216,586
Retained profits carried forward44,05412,732
This page does not form part of the Company's Statutory Accounts and is prepared for the information of the Directors only.

TAXPEDIA LTD

PROFIT AND LOSS ACCOUNT SUMMARIES
FOR THE YEAR ENDED 31/05/2024
20242023
££
Distribution Costs:
Advertising and sales promotion60-
Travel720-
Business entertaining175559
955559
Administrative Expenses:
Service charge4,895-
Rent14,40014,400
Repairs and renewals-442
Directors salaries12,7498,021
Wages - regular18,88831,194
Pension contributions444-
Training-1,460
Software4,2503,886
Accountancy fees480480
Legal costs (revenue)2,0901,145
Insurance-725
Stationery & office supplies100442
Telephone 1,8681,890
Subscriptions-13
Charitable donations1,360360
Bank charges102102
Depreciation and Amortisation:
Depreciation of plant and machinery512464
62,13865,024
This page does not form part of the Company's Statutory Accounts and is prepared for the information of the Directors only.