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REGISTERED NUMBER: 10431262 (England and Wales)






























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

WBR TAX LIMITED

WBR TAX LIMITED (REGISTERED NUMBER: 10431262)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WBR TAX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr L Harding-Cox
Mr T Moore



REGISTERED OFFICE: 5a Dominus Way
Meridian Business Park
Leicester
LE19 1RP



REGISTERED NUMBER: 10431262 (England and Wales)



SENIOR STATUTORY AUDITOR: Mr Andrew Turner FCA FMAAT



AUDITORS: Mark J Rees LLP Chartered Accountants
and Statutory Auditors
Granville Hall
Granville Road
Leicester
LE1 7RU

WBR TAX LIMITED (REGISTERED NUMBER: 10431262)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 641 956

CURRENT ASSETS
Debtors 5 997,081 928,166
Cash at bank 9,193 10,245
1,006,274 938,411
CREDITORS
Amounts falling due within one year 6 506,374 482,061
NET CURRENT ASSETS 499,900 456,350
TOTAL ASSETS LESS CURRENT
LIABILITIES

500,541

457,306

CREDITORS
Amounts falling due after more than one
year

7

(322,333

)

(91,666

)

PROVISIONS FOR LIABILITIES (59,373 ) (239 )
NET ASSETS 118,835 365,401

CAPITAL AND RESERVES
Called up share capital 90 90
Retained earnings 118,745 365,311
118,835 365,401

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by:





Mr T Moore - Director


WBR TAX LIMITED (REGISTERED NUMBER: 10431262)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

WBR Tax 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

To the extent that fees are recognised in advance of billing they are included as accrued income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Office equipment - 33% on cost

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

WBR TAX LIMITED (REGISTERED NUMBER: 10431262)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 19,292 1,304 20,596
DEPRECIATION
At 1 April 2023 19,292 348 19,640
Charge for year - 315 315
At 31 March 2024 19,292 663 19,955
NET BOOK VALUE
At 31 March 2024 - 641 641
At 31 March 2023 - 956 956

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 87,452 129,901
Amounts owed by group undertakings 892,090 792,090
Other debtors 17,539 6,175
997,081 928,166

WBR TAX LIMITED (REGISTERED NUMBER: 10431262)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 33,333 33,333
Trade creditors 36,835 25,946
Amounts owed to group undertakings 82,658 -
Taxation and social security 23,354 46,853
Other creditors 330,194 375,929
506,374 482,061

There is a loan of £88,000 within other creditors.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 58,333 91,666
Other creditors 264,000 -
322,333 91,666

There is a loan of £264,000 within other creditors.

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 91,666 124,999
Other creditors 352,000 -
443,666 124,999

The bank loan and loan within other creditors is secured via a fixed and floating charges on the assets of the company.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Andrew Turner FCA FMAAT (Senior Statutory Auditor)
for and on behalf of Mark J Rees LLP Chartered Accountants

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

WBR TAX LIMITED (REGISTERED NUMBER: 10431262)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. RELATED PARTY DISCLOSURES - continued

The company is 100% owned by WBR Group Holdings Limited which is a holding company registered in England and Wales and owns all of the share capital of WBR Tax Limited.