Registered number |
Accountancy 4 Wealth Limited |
Accountants and Business Advisors |
33 Wolverhampton Road |
Cannock |
Staffordshire |
WS11 1AP |
Registered number: 06616033 | |||||||
Balance Sheet | |||||||
as at |
|||||||
Notes | 2024 | 2023 | |||||
£ | £ | ||||||
Net current assets | - | - | |||||
Net assets | - | - | |||||
Capital and reserves | |||||||
Called up share capital | |||||||
Profit and loss account | ( |
( |
|||||
Shareholders' funds | - | - | |||||
Alex Dann | |||||||
Director | |||||||
Approved by the board on |
|||||||
Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
2 | Employees | 2024 | 2023 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Related party transactions | |||||||
4 | Controlling party | |||||||
5 | Contingent Liabilities | |||||||
During the period since the company ceased trading, the company has been notified by HMRC that they consider transactions entered into in 2015, despite having previously confirmed to the contrary, to be abusive tax avoidance under the general anti abuse rule and have issued protective assessments for PAYE and NI totalling £142,233. The company has joined a group action to challenge the legitimacy of these notices and the amounts are currently postponed pending the outcome of this hearing. The company is also subject to a demand for an accelerated payment of £104,624 previously unproven tax, the legitimacy of which is awaiting the outcome of a judicial review hearing. Should this hearing be unsuccessful, the company would be required to make this payment despite the fact that all specialist advice received to date by the directors is that no tax would ultimately be payable and that that any amounts paid would ultimately be refundable. Having ceased trading some years back the company, if unsuccessful in its defence of either of these matters, would be unable to make any payments without external funding and would as a result most likely be forced into liquidation. |