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REGISTERED NUMBER: 04177553 (England and Wales)











Unaudited Financial Statements for the Year Ended 30 September 2024

for

Tax Automation Ltd

Tax Automation Ltd (Registered number: 04177553)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tax Automation Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Ms B J Clinton
N Rainer





SECRETARY: N Rainer





REGISTERED OFFICE: Reading Enterprise Centre
Whiteknights Road
Reading
Berkshire
RG6 6BU





REGISTERED NUMBER: 04177553 (England and Wales)





ACCOUNTANTS: E J Business Consultants Ltd
2 Toomers Wharf
Canal Walk
Newbury
Berkshire
RG14 1DY

Tax Automation Ltd (Registered number: 04177553)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 693 2,602
693 2,602

CURRENT ASSETS
Stocks - 5,000
Debtors 6 214,528 213,840
Cash at bank 656,548 615,375
871,076 834,215
CREDITORS
Amounts falling due within one year 7 693,068 642,288
NET CURRENT ASSETS 178,008 191,927
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,701

194,529

PROVISIONS FOR LIABILITIES 173 651
NET ASSETS 178,528 193,878

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 178,428 193,778
SHAREHOLDERS' FUNDS 178,528 193,878

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Tax Automation Ltd (Registered number: 04177553)

Balance Sheet - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 January 2025 and were signed on its behalf by:





Ms B J Clinton - Director


Tax Automation Ltd (Registered number: 04177553)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Tax Automation Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in accordance with applicable accounting standards.

Turnover
Turnover represents net invoiced sales of goods and services, adjusted for work in progress and deferred income, and excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, has been written off evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment - 33% on cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Tax Automation Ltd (Registered number: 04177553)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 3,912
AMORTISATION
At 1 October 2023
and 30 September 2024 3,912
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

Tax Automation Ltd (Registered number: 04177553)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 October 2023 675 30,389 31,064
Additions - 517 517
Disposals - (1,020 ) (1,020 )
At 30 September 2024 675 29,886 30,561
DEPRECIATION
At 1 October 2023 450 28,012 28,462
Charge for year 225 2,201 2,426
Eliminated on disposal - (1,020 ) (1,020 )
At 30 September 2024 675 29,193 29,868
NET BOOK VALUE
At 30 September 2024 - 693 693
At 30 September 2023 225 2,377 2,602

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 210,233 210,140
Prepayments and accrued income 4,295 3,700
214,528 213,840

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 17,077 4,412
Corporation tax 65,455 60,284
Social security and other taxes 89,521 85,170
Directors' loan accounts 224 285
Accruals and deferred income 520,791 492,137
693,068 642,288

8. ULTIMATE CONTROLLING PARTY

The company is under the control of its directors Ms B J Clinton and N Rainer.