Registered number
08535346
Complete Accounts and Tax Ltd
Filleted Accounts
31 May 2024
Complete Accounts and Tax Ltd
Registered number: 08535346
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 1,165 982
Current assets
Debtors 5 13,012 14,516
Cash at bank and in hand 15,174 19,068
28,186 33,584
Creditors: amounts falling due within one year 6 (22,889) (21,633)
Net current assets 5,297 11,951
Total assets less current liabilities 6,462 12,933
Provisions for liabilities (221) (187)
Net assets 6,241 12,746
Capital and reserves
Called up share capital 100 100
Profit and loss account 6,141 12,646
Shareholder's funds 6,241 12,746
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Philippa McDermott
Director
Approved by the board on 21 February 2025
Complete Accounts and Tax Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
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
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. 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. Current and deferred tax liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2023 10,000
At 31 May 2024 10,000
Amortisation
At 1 June 2023 10,000
At 31 May 2024 10,000
Net book value
At 31 May 2024 -
Goodwill was written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 3,608
Additions 580
Disposals (100)
At 31 May 2024 4,088
Depreciation
At 1 June 2023 2,626
Charge for the year 397
On disposals (100)
At 31 May 2024 2,923
Net book value
At 31 May 2024 1,165
At 31 May 2023 982
5 Debtors 2024 2023
£ £
Trade debtors 5,391 7,000
Other debtors 7,621 7,516
13,012 14,516
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 100 74
Taxation and social security costs 6,411 7,218
Other creditors 16,378 14,341
22,889 21,633
7 Other information
Complete Accounts and Tax Ltd is a private company limited by shares and incorporated in England. Its registered office is:
3 The Avenue
Flitwick
Bedford
MK45 1BP
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