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TAXOLOGY SERVICES LTD

Registered Number
12959863
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

TAXOLOGY SERVICES LTD
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

Mohammed Azeem

Registered Address

104 Stoney Lane
Balsall Heath
Birmingham
B12 8AF

Registered Number

12959863 (England and Wales)
TAXOLOGY SERVICES LTD
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors92,841107,243
Cash at bank and on hand111,38297,949
204,223205,192
Creditors amounts falling due within one year(74,031)(104,586)
Net current assets (liabilities)130,192100,606
Total assets less current liabilities130,192100,606
Net assets130,192100,606
Capital and reserves
Called up share capital100100
Profit and loss account130,092100,506
Shareholders' funds130,192100,606
The financial statements were approved and authorised for issue by the Director on 24 March 2025, and are signed on its behalf by:
Mohammed Azeem
Director
Registered Company No. 12959863
TAXOLOGY SERVICES LTD
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2.Average number of employees

20242023
Average number of employees during the year66
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 July 232,638
At 30 June 242,638
Depreciation and impairment
At 01 July 232,638
At 30 June 242,638
Net book value
At 30 June 24-
At 30 June 23-