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Company Registration No. 12005653 (England and Wales)
Accounts & Tax Ltd Unaudited accounts for the year ended 31 May 2024
Accounts & Tax Ltd Unaudited accounts Contents
Page
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Accounts & Tax Ltd Company Information for the year ended 31 May 2024
Director
Fakhre Alam Khan
Company Number
12005653 (England and Wales)
Registered Office
27 Mayesbrook Road Dagenham Essex RM8 2EA
Accountants
Accounts & Tax Advisor Ltd 27 Mayesbrook Road Dagenham Essex RM8 2EA
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Accounts & Tax Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,799 
1,165 
Current assets
Debtors
48,107 
16,868 
Cash at bank and in hand
49,577 
15,167 
97,684 
32,035 
Creditors: amounts falling due within one year
(79,690)
(14,951)
Net current assets
17,994 
17,084 
Net assets
19,793 
18,249 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
19,693 
18,149 
Shareholders' funds
19,793 
18,249 
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 28 May 2025 and were signed on its behalf by
Fakhre Alam Khan Director Company Registration No. 12005653
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Accounts & Tax Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Accounts & Tax Ltd is a private company, limited by shares, registered in England and Wales, registration number 12005653. The registered office is 27 Mayesbrook Road, Dagenham, Essex, RM8 2EA.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Computer equipment
33.33% straight line basis
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2023
5,758 
Additions
1,700 
At 31 May 2024
7,458 
Depreciation
At 1 June 2023
4,593 
Charge for the year
1,066 
At 31 May 2024
5,659 
Net book value
At 31 May 2024
1,799 
At 31 May 2023
1,165 
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Accounts & Tax Ltd Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
20,718 
12,808 
Amounts due from group undertakings etc.
24,389 
4,060 
Other debtors
3,000 
- 
48,107 
16,868 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
213 
33 
Other creditors
29,332 
3,759 
Loans from directors
50,145 
11,159 
79,690 
14,951 
7
Transactions with related parties
The company has given an interest free loan to Accounts & Tax Advisor Ltd, a UK company where the director has material interest. At 31st May 2024 the loan balance receivable was £24,389 (2023 : £4,060).
8
Controlling party
The company is controlled by the directors by virtue of their shareholdings.
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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