2023-12-01 13043981 2024-11-30 13043981 2023-12-01 2024-11-30 13043981 2023-11-30 13043981 2022-12-01 2023-11-30 13043981 uk-core:WithinOneYear 2023-11-30 13043981 uk-core:WithinOneYear 2024-11-30 13043981 uk-core:ShareCapital 2024-11-30 13043981 uk-core:ShareCapital 2023-11-30 13043981 uk-core:RetainedEarningsAccumulatedLosses 2024-11-30 13043981 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 13043981 uk-bus:Director1 2023-12-01 2024-11-30 13043981 uk-core:ComputerEquipment 2023-12-01 2024-11-30 13043981 uk-core:WithinOneYear 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure 13043981 uk-bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 13043981 uk-bus:FRS102 2023-12-01 2024-11-30 13043981 uk-bus:FullAccounts 2023-12-01 2024-11-30 13043981 uk-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30
Outsourced Tax Partner Ltd
Registered Number:13043981
For the year ended 30 November 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 November 2024
Outsourced Tax Partner Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
13043981
As at 30 November 2024
Outsourced Tax Partner Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
2,018
2,295
2
2,018
2,295
Current assets
Trade and other receivables
9,696
5,961
3
148,559
Cash and cash equivalents
171,730
177,691
158,255
Trade and other payables: amounts falling due within one
year
(16,456)
(18,241)
4
141,799
159,450
Net current assets
Total assets less current liabilities
161,468
144,094
(383)
(409)
Provisions for liabilities
161,085
Net assets
143,685
Capital and reserves
Called up share capital
100
100
Retained earnings
160,985
143,585
161,085
143,685
Shareholders' funds
For the year ended 30 November 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 of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
G P Fox Director
These financial statements were approved and authorised for issue by the Board on 03 May 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 November 2024
Outsourced Tax Partner Ltd
Notes to the Financial Statements
Statutory Information
Outsourced Tax Partner Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 13043981.
Registered address:
9 Orchard Court
Ivybridge
Devon
PL21 9UB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates, for the provision of tax advice.
Property, plant and equipment
Property, plant and equipment are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Reducing balance
Computer Equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Property, plant and equipment
Computer
Equipment
£
Cost or
valuation
At 01 December 2023
3,184
227
Additions
At 30 November 2024
3,411
Provision for depreciation and impairment
At 01 December 2023
889
Charge for year
504
At 30 November 2024
1,393
At 30 November 2024
Net book value
2,018
At 30 November 2023
2,295
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5
For the year ended 30 November 2024
Outsourced Tax Partner Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Trade debtors
5,323
7,673
Other debtors
638
2,023
9,696
5,961
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
17,520
15,736
Other creditors
721
720
18,241
16,456
Included within taxation and social security is corporation tax of £17,513 (2023: £15,736).
5. Related party transactions
A dividend of £45,073 was paid to the shareholder in the year.
The company is under the effective control of its director.
6. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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