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Company Registration No. 07265876 (England and Wales)
Taxsense Accountants Limited Unaudited accounts for the year ended 31 August 2024
Taxsense Accountants Limited Unaudited accounts Contents
Page
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Taxsense Accountants Limited Company Information for the year ended 31 August 2024
Directors
Michelle Eames Mark Eames
Company Number
07265876 (England and Wales)
Registered Office
203 WEST STREET FAREHAM HAMPSHIRE PO16 0EN
Accountants
Taxsense 203 West Street Fareham Hants PO16 0EN
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Taxsense Accountants Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,140 
22,637 
Current assets
Debtors
253,461 
112,407 
Cash at bank and in hand
266,811 
358,077 
520,272 
470,484 
Creditors: amounts falling due within one year
(482,964)
(435,500)
Net current assets
37,308 
34,984 
Net assets
58,448 
57,621 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
58,447 
57,620 
Shareholders' funds
58,448 
57,621 
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by
Mark Eames Director Company Registration No. 07265876
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Taxsense Accountants Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Taxsense Accountants Limited is a private company, limited by shares, registered in England and Wales, registration number 07265876. The registered office is 203 WEST STREET, FAREHAM, HAMPSHIRE, PO16 0EN.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
30,174 
202 
25,810 
56,186 
Additions
- 
- 
5,550 
5,550 
At 31 August 2024
30,174 
202 
31,360 
61,736 
Depreciation
At 1 September 2023
22,997 
182 
10,370 
33,549 
Charge for the year
1,794 
5 
5,248 
7,047 
At 31 August 2024
24,791 
187 
15,618 
40,596 
Net book value
At 31 August 2024
5,383 
15 
15,742 
21,140 
At 31 August 2023
7,177 
20 
15,440 
22,637 
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Taxsense Accountants Limited Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
42,541 
18,467 
Amounts due from group undertakings etc.
208,362 
90,882 
Other debtors
2,558 
3,058 
253,461 
112,407 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
69,318 
28,005 
Trade creditors
34,579 
17,330 
Amounts owed to group undertakings and other participating interests
80,129 
152,222 
Taxes and social security
85,464 
7,150 
Other creditors
86,168 
106,168 
Loans from directors
27,306 
- 
Accruals
100,000 
124,625 
482,964 
435,500 
7
Controlling party
Taxsense Accountants Ltd is a subsidiary of EMS Hampshire Ltd.
8
Average number of employees
During the year the average number of employees was 27 (2023: 22).
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