1 September 2023 false No description of principal activity Taxfiler 2024.6 SC421320business:PrivateLimitedCompanyLtd2023-09-012024-08-31 SC4213202023-08-31 SC4213202023-09-012024-08-31 SC421320business:AuditExempt-NoAccountantsReport2023-09-012024-08-31 SC421320business:FilletedAccounts2023-09-012024-08-31 SC4213202024-08-31 SC421320business:Director12023-09-012024-08-31 SC421320business:Director22023-09-012024-08-31 SC421320business:RegisteredOffice2023-09-012024-08-31 SC4213202023-08-31 SC421320core:WithinOneYear2024-08-31 SC421320core:WithinOneYear2023-08-31 SC421320core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 SC421320core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 SC421320core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 SC421320core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 SC421320core:PreviouslyStatedAmount2024-08-31 SC421320core:PreviouslyStatedAmount2023-08-31 SC421320business:SmallEntities2023-09-012024-08-31 SC421320countries:Scotland2023-09-012024-08-31 SC421320core:ComputerEquipment2023-09-012024-08-31 SC421320core:Goodwill2023-08-31 SC421320core:Goodwill2024-08-31 SC421320core:Goodwill2023-09-012024-08-31 SC421320core:ComputerEquipment2023-08-31 SC421320core:ComputerEquipment2024-08-31 SC421320business:OrdinaryShareClass12023-09-012024-08-31 SC421320business:OrdinaryShareClass12022-09-012023-08-31 SC4213202022-09-012023-08-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC421320 (Scotland)
B&L TaxKings Ltd Unaudited accounts for the year ended 31 August 2024
B&L TaxKings Ltd Unaudited accounts Contents
Page
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B&L TaxKings Ltd Company Information for the year ended 31 August 2024
Directors
Iain Rankin Andrea Rankin
Company Number
SC421320 (Scotland)
Registered Office
4th Floor, 176 Bath Street Glasgow G2 4HG
Accountants
TaxKings Ltd 4th Floor, 176 Bath Street Glasgow G2 4HG
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B&L TaxKings Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
150,600 
175,700 
Tangible assets
(1,646)
2,188 
148,954 
177,888 
Current assets
Debtors
(3,714)
4,807 
Cash at bank and in hand
6,727 
29,413 
3,013 
34,220 
Creditors: amounts falling due within one year
(167,438)
(223,049)
Net current liabilities
(164,425)
(188,829)
Net liabilities
(15,471)
(10,941)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(16,471)
(11,941)
Shareholders' funds
(15,471)
(10,941)
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 16 May 2025 and were signed on its behalf by
Iain Rankin Director Company Registration No. SC421320
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B&L TaxKings Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
B&L TaxKings Ltd is a private company, limited by shares, registered in Scotland, registration number SC421320. The registered office is 4th Floor, 176 Bath Street, Glasgow, G2 4HG.
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:
Computer equipment
33% on cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2023
251,000 
At 31 August 2024
251,000 
Amortisation
At 1 September 2023
75,300 
Charge for the year
25,100 
At 31 August 2024
100,400 
Net book value
At 31 August 2024
150,600 
At 31 August 2023
175,700 
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B&L TaxKings Ltd Notes to the Accounts for the year ended 31 August 2024
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2023
11,501 
At 31 August 2024
11,501 
Depreciation
At 1 September 2023
9,313 
Charge for the year
3,834 
At 31 August 2024
13,147 
Net book value
At 31 August 2024
(1,646)
At 31 August 2023
2,188 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,286 
4,807 
Amounts due from group undertakings etc.
(5,000)
- 
(3,714)
4,807 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
9,131 
8,201 
Amounts owed to group undertakings and other participating interests
27,286 
27,441 
Taxes and social security
13,365 
12,316 
Other creditors
216 
2,170 
Loans from directors
117,440 
172,921 
167,438 
223,049 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
9
Average number of employees
During the year the average number of employees was 2 (2023: 4).
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