2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 10051567 2023-05-01 2024-04-30 10051567 2024-04-30 10051567 2023-04-30 10051567 2022-05-01 2023-04-30 10051567 2023-04-30 10051567 2022-04-30 10051567 core:FurnitureFittings 2023-05-01 2024-04-30 10051567 bus:Director1 2023-05-01 2024-04-30 10051567 core:FurnitureFittings 2023-04-30 10051567 core:FurnitureFittings 2024-04-30 10051567 core:WithinOneYear 2024-04-30 10051567 core:WithinOneYear 2023-04-30 10051567 core:ShareCapital 2024-04-30 10051567 core:ShareCapital 2023-04-30 10051567 core:RetainedEarningsAccumulatedLosses 2024-04-30 10051567 core:RetainedEarningsAccumulatedLosses 2023-04-30 10051567 core:FurnitureFittings 2023-04-30 10051567 bus:SmallEntities 2023-05-01 2024-04-30 10051567 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 10051567 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10051567 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10051567 bus:FullAccounts 2023-05-01 2024-04-30 10051567 core:ComputerEquipment 2023-04-30 10051567 core:ComputerEquipment 2023-05-01 2024-04-30 10051567 core:ComputerEquipment 2024-04-30 10051567 core:KeyManagementPersonnel 2023-05-01 2024-04-30 10051567 core:KeyManagementPersonnel 2022-05-01 2023-04-30
COMPANY REGISTRATION NUMBER: 10051567
Blackshaw Tax Ltd
Filleted Unaudited Financial Statements
For the year ended
30 April 2024
Blackshaw Tax Ltd
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
3,576
2,186
Current assets
Debtors
6
23,337
21,239
Cash at bank and in hand
54,363
76,918
---------
---------
77,700
98,157
Creditors: Amounts falling due within one year
7
39,228
30,429
---------
---------
Net current assets
38,472
67,728
---------
---------
Total assets less current liabilities
42,048
69,914
Provisions
823
503
---------
---------
Net assets
41,225
69,411
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
41,125
69,311
---------
---------
Shareholders funds
41,225
69,411
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Blackshaw Tax Ltd
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 16 January 2025 , and are signed on behalf of the board by:
L A Blackshaw
Director
Company registration number: 10051567
Blackshaw Tax Ltd
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 43 Mayors Road, Altrincham, Cheshire, WA15 9RW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Deferred taxation
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office Equipment
-
20% straight line
Equipment
-
25%, 33.3% & 50% straight line
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 May 2023
1,227
7,080
8,307
Additions
974
2,032
3,006
Disposals
( 1,651)
( 1,651)
-------
-------
-------
At 30 April 2024
2,201
7,461
9,662
-------
-------
-------
Depreciation
At 1 May 2023
54
6,067
6,121
Charge for the year
490
1,126
1,616
Disposals
( 1,651)
( 1,651)
-------
-------
-------
At 30 April 2024
544
5,542
6,086
-------
-------
-------
Carrying amount
At 30 April 2024
1,657
1,919
3,576
-------
-------
-------
At 30 April 2023
1,173
1,013
2,186
-------
-------
-------
6. Debtors
2024
2023
£
£
Trade debtors
21,336
19,559
Other debtors
2,001
1,680
---------
---------
23,337
21,239
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
22,760
23,256
Social security and other taxes
15,768
6,418
Other creditors
700
755
---------
---------
39,228
30,429
---------
---------
8. Related party transactions
During the year the company paid a dividend of £ 78,375 (2023:£ 85,120 ) to the director of the company.