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
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
Taxsense Accountants Limited
Statement of financial position
as at 31 August 2024
Tangible assets
21,140
22,637
Cash at bank and in hand
266,811
358,077
Creditors: amounts falling due within one year
(482,964)
(435,500)
Net current assets
37,308
34,984
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
Taxsense Accountants Limited
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 August 2024
30,174
202
31,360
61,736
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
At 31 August 2024
5,383
15
15,742
21,140
At 31 August 2023
7,177
20
15,440
22,637
Taxsense Accountants Limited
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Trade debtors
42,541
18,467
Amounts due from group undertakings etc.
208,362
90,882
6
Creditors: amounts falling due within one year
2024
2023
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
-
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).