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TAX HAPPY LTD

Registered Number
11148393
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

TAX HAPPY LTD
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

SMITH, Callum
CDS MANAGEMENT LIMITED

Registered Address

37 Oakleigh
Tuebrook
Liverpool
L13 7EN

Registered Number

11148393 (England and Wales)
TAX HAPPY LTD
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets10,0313,446
10,0313,446
Current assets
Debtors14,5975,149
Cash at bank and on hand1,776672
16,3735,821
Creditors amounts falling due within one year3(8,517)(1,841)
Net current assets (liabilities)7,8563,980
Total assets less current liabilities17,8877,426
Creditors amounts falling due after one year4(8,346)(1,401)
Net assets9,5416,025
Capital and reserves
Called up share capital(3)(3)
Profit and loss account9,5446,028
Shareholders' funds9,5416,025
The financial statements were approved and authorised for issue by the Board of Directors on 18 February 2025, and are signed on its behalf by:
SMITH, Callum
Director
Registered Company No. 11148393
TAX HAPPY LTD
Notes to the Financial Statements
for the year ended 31 December 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20242023
Average number of employees during the year00
3.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables5,164-
Bank borrowings and overdrafts486-
Taxation and social security2,8671,841
Total8,5171,841
4.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts8,3461,401
Total8,3461,401