Company Registration No. 5432777 (England and Wales)
K-Tax Limited
Unaudited accounts
for the year ended 30 April 2024
K-Tax Limited
Unaudited accounts
Contents
K-Tax Limited
Company Information
for the year ended 30 April 2024
Company Number
5432777 (England and Wales)
Registered Office
VILLA HOUSE
7 HERBERT TERRACE
PENARTH
SOUTH GLAMORGAN
CF64 2AH
Accountants
Evans Entwistle
Villa House
7 Herbert Terrace
Penarth
Vale of Glamorgan
CF64 2AH
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
K-Tax Limited
for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of K-Tax Limited for the year ended 30 April 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
Villa House
7 Herbert Terrace
Penarth
Vale of Glamorgan
CF64 2AH
23 January 2025
K-Tax Limited
Statement of financial position
as at 30 April 2024
Intangible assets
40,000
40,000
Tangible assets
14,580
28,702
Cash at bank and in hand
1,252
7,001
Creditors: amounts falling due within one year
(9,501)
(10,344)
Net current liabilities
(5,384)
(637)
Total assets less current liabilities
49,196
68,065
Creditors: amounts falling due after more than one year
(49,599)
(66,737)
Net (liabilities)/assets
(403)
1,328
Called up share capital
100
100
Profit and loss account
(503)
1,228
Shareholders' funds
(403)
1,328
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 January 2025 and were signed on its behalf by
Mandy Williams
Director
Company Registration No. 5432777
K-Tax Limited
Notes to the Accounts
for the year ended 30 April 2024
K-Tax Limited is a private company, limited by shares, registered in England and Wales, registration number 5432777. The registered office is VILLA HOUSE, 7 HERBERT TERRACE, PENARTH, SOUTH GLAMORGAN, CF64 2AH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives (nil years). Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
4
Intangible fixed assets
Goodwill
K-Tax Limited
Notes to the Accounts
for the year ended 30 April 2024
5
Tangible fixed assets
Motor vehicles
Charge for the year
14,122
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,244
5,183
Taxes and social security
4,057
3,378
8
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
44,041
55,933
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).