2023-07-012024-06-302024-06-30false08113080TASK FINANCE LIMITED2025-01-12falseiso4217:GBPxbrli:pure081130802023-07-01081130802024-06-30081130802023-07-012024-06-30081130802022-07-01081130802023-06-30081130802022-07-012023-06-3008113080bus:SmallEntities2023-07-012024-06-3008113080bus:AuditExempt-NoAccountantsReport2023-07-012024-06-3008113080bus:AbridgedAccounts2023-07-012024-06-3008113080bus:PrivateLimitedCompanyLtd2023-07-012024-06-3008113080core:WithinOneYear2024-06-3008113080core:AfterOneYear2024-06-3008113080core:WithinOneYear2023-06-3008113080core:AfterOneYear2023-06-3008113080core:ShareCapital2024-06-3008113080core:SharePremium2024-06-3008113080core:RevaluationReserve2024-06-3008113080core:OtherReservesSubtotal2024-06-3008113080core:RetainedEarningsAccumulatedLosses2024-06-3008113080core:ShareCapital2023-06-3008113080core:SharePremium2023-06-3008113080core:RevaluationReserve2023-06-3008113080core:OtherReservesSubtotal2023-06-3008113080core:RetainedEarningsAccumulatedLosses2023-06-3008113080core:LandBuildings2024-06-3008113080core:PlantMachinery2024-06-3008113080core:Vehicles2024-06-3008113080core:FurnitureFittings2024-06-3008113080core:OfficeEquipment2024-06-3008113080core:NetGoodwill2024-06-3008113080core:IntangibleAssetsOtherThanGoodwill2024-06-3008113080core:ListedExchangeTraded2024-06-3008113080core:UnlistedNon-exchangeTraded2024-06-3008113080core:LandBuildings2023-06-3008113080core:PlantMachinery2023-06-3008113080core:Vehicles2023-06-3008113080core:FurnitureFittings2023-06-3008113080core:OfficeEquipment2023-06-3008113080core:NetGoodwill2023-06-3008113080core:IntangibleAssetsOtherThanGoodwill2023-06-3008113080core:ListedExchangeTraded2023-06-3008113080core:UnlistedNon-exchangeTraded2023-06-3008113080core:LandBuildings2023-07-012024-06-3008113080core:PlantMachinery2023-07-012024-06-3008113080core:Vehicles2023-07-012024-06-3008113080core:FurnitureFittings2023-07-012024-06-3008113080core:OfficeEquipment2023-07-012024-06-3008113080core:NetGoodwill2023-07-012024-06-3008113080core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3008113080core:ListedExchangeTraded2023-07-012024-06-3008113080core:UnlistedNon-exchangeTraded2023-07-012024-06-3008113080core:MoreThanFiveYears2023-07-012024-06-3008113080core:Non-currentFinancialInstruments2024-06-3008113080core:Non-currentFinancialInstruments2023-06-3008113080dpl:CostSales2023-07-012024-06-3008113080dpl:DistributionCosts2023-07-012024-06-3008113080core:LandBuildings2023-07-012024-06-3008113080core:PlantMachinery2023-07-012024-06-3008113080core:Vehicles2023-07-012024-06-3008113080core:FurnitureFittings2023-07-012024-06-3008113080core:OfficeEquipment2023-07-012024-06-3008113080dpl:AdministrativeExpenses2023-07-012024-06-3008113080core:NetGoodwill2023-07-012024-06-3008113080core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3008113080dpl:GroupUndertakings2023-07-012024-06-3008113080dpl:ParticipatingInterests2023-07-012024-06-3008113080dpl:GroupUndertakingscore:ListedExchangeTraded2023-07-012024-06-3008113080core:ListedExchangeTraded2023-07-012024-06-3008113080dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-07-012024-06-3008113080core:UnlistedNon-exchangeTraded2023-07-012024-06-3008113080dpl:CostSales2022-07-012023-06-3008113080dpl:DistributionCosts2022-07-012023-06-3008113080core:LandBuildings2022-07-012023-06-3008113080core:PlantMachinery2022-07-012023-06-3008113080core:Vehicles2022-07-012023-06-3008113080core:FurnitureFittings2022-07-012023-06-3008113080core:OfficeEquipment2022-07-012023-06-3008113080dpl:AdministrativeExpenses2022-07-012023-06-3008113080core:NetGoodwill2022-07-012023-06-3008113080core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3008113080dpl:GroupUndertakings2022-07-012023-06-3008113080dpl:ParticipatingInterests2022-07-012023-06-3008113080dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-06-3008113080core:ListedExchangeTraded2022-07-012023-06-3008113080dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-06-3008113080core:UnlistedNon-exchangeTraded2022-07-012023-06-3008113080core:NetGoodwill2024-06-3008113080core:IntangibleAssetsOtherThanGoodwill2024-06-3008113080core:LandBuildings2024-06-3008113080core:PlantMachinery2024-06-3008113080core:Vehicles2024-06-3008113080core:FurnitureFittings2024-06-3008113080core:OfficeEquipment2024-06-3008113080core:AfterOneYear2024-06-3008113080core:WithinOneYear2024-06-3008113080core:ListedExchangeTraded2024-06-3008113080core:UnlistedNon-exchangeTraded2024-06-3008113080core:ShareCapital2024-06-3008113080core:SharePremium2024-06-3008113080core:RevaluationReserve2024-06-3008113080core:OtherReservesSubtotal2024-06-3008113080core:RetainedEarningsAccumulatedLosses2024-06-3008113080core:NetGoodwill2023-06-3008113080core:IntangibleAssetsOtherThanGoodwill2023-06-3008113080core:LandBuildings2023-06-3008113080core:PlantMachinery2023-06-3008113080core:Vehicles2023-06-3008113080core:FurnitureFittings2023-06-3008113080core:OfficeEquipment2023-06-3008113080core:AfterOneYear2023-06-3008113080core:WithinOneYear2023-06-3008113080core:ListedExchangeTraded2023-06-3008113080core:UnlistedNon-exchangeTraded2023-06-3008113080core:ShareCapital2023-06-3008113080core:SharePremium2023-06-3008113080core:RevaluationReserve2023-06-3008113080core:OtherReservesSubtotal2023-06-3008113080core:RetainedEarningsAccumulatedLosses2023-06-3008113080core:NetGoodwill2022-07-0108113080core:IntangibleAssetsOtherThanGoodwill2022-07-0108113080core:LandBuildings2022-07-0108113080core:PlantMachinery2022-07-0108113080core:Vehicles2022-07-0108113080core:FurnitureFittings2022-07-0108113080core:OfficeEquipment2022-07-0108113080core:AfterOneYear2022-07-0108113080core:WithinOneYear2022-07-0108113080core:ListedExchangeTraded2022-07-0108113080core:UnlistedNon-exchangeTraded2022-07-0108113080core:ShareCapital2022-07-0108113080core:SharePremium2022-07-0108113080core:RevaluationReserve2022-07-0108113080core:OtherReservesSubtotal2022-07-0108113080core:RetainedEarningsAccumulatedLosses2022-07-0108113080core:AfterOneYear2023-07-012024-06-3008113080core:WithinOneYear2023-07-012024-06-3008113080core:Non-currentFinancialInstrumentscore:CostValuation2023-07-012024-06-3008113080core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-07-012024-06-3008113080core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-07-012024-06-3008113080core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-07-012024-06-3008113080core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-07-012024-06-3008113080core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-07-012024-06-3008113080core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3008113080core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3008113080core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3008113080core:Non-currentFinancialInstrumentscore:CostValuation2024-06-3008113080core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-06-3008113080core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-06-3008113080core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-06-3008113080core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-06-3008113080core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-06-3008113080core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-06-3008113080core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-06-3008113080core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-06-3008113080core:Non-currentFinancialInstrumentscore:CostValuation2023-06-3008113080core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-06-3008113080core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-06-3008113080core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-06-3008113080core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-06-3008113080core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-06-3008113080core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-06-3008113080core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-06-3008113080core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-06-3008113080bus:Director12023-07-012024-06-30

TASK FINANCE LIMITED

Registered Number
08113080
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

TASK FINANCE LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

Stuart Richard Diggles

Company Secretary

DIGGLES, Stuart Richard

Registered Address

35 Ketteringham Drive Great Sankey
Warrington
WA5 3UD

Registered Number

08113080 (England and Wales)
TASK FINANCE LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets4165,250155,000
Investments6100100
165,350155,100
Current assets
Debtors53,61154,242
Cash at bank and on hand127,27345,309
180,88499,551
Creditors amounts falling due within one year(23,162)(1,589)
Net current assets (liabilities)157,72297,962
Total assets less current liabilities323,072253,062
Provisions for liabilities(8,563)(6,474)
Net assets314,509246,588
Capital and reserves
Called up share capital100100
Revaluation reserve41,20433,292
Profit and loss account273,205213,196
Shareholders' funds314,509246,588
The financial statements were approved and authorised for issue by the Director on 12 January 2025, and are signed on its behalf by:
Stuart Richard Diggles
Director
Registered Company No. 08113080
TASK FINANCE LIMITED
Notes to the Financial Statements
for the year ended 30 June 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.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
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.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. 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 year00
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 July 23155,000
Additions250
Revaluations10,000
At 30 June 24165,250
Net book value
At 30 June 24165,250
At 30 June 23155,000
5.Revaluation of property, plant and equipment
The property was valued by the director at 30th June 2024, based on an appraisal of property prices on the market.

2024

2023

££
Property, plant and equipment / tangible fixed assets165,000155,000
6.Fixed asset investments

Total

£
Cost or valuation
At 01 July 23100
At 30 June 24100
Net book value
At 30 June 24100
At 30 June 23100
7.Related party transactions
Included in other debtors is a loan of £53,500 to TASK Property Holdings Limited, a company controlled by the director Mr S R Diggles. The loan is interest free, unsecured and repayable on demand.