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
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
B&L TaxKings Ltd
Statement of financial position
as at 31 August 2024
Intangible assets
150,600
175,700
Tangible assets
(1,646)
2,188
Cash at bank and in hand
6,727
29,413
Creditors: amounts falling due within one year
(167,438)
(223,049)
Net current liabilities
(164,425)
(188,829)
Net liabilities
(15,471)
(10,941)
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
B&L TaxKings Ltd
Notes to the Accounts
for the year ended 31 August 2024
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.
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:
Computer equipment
33% on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 1 September 2023
251,000
At 1 September 2023
75,300
Charge for the year
25,100
B&L TaxKings Ltd
Notes to the Accounts
for the year ended 31 August 2024
5
Tangible fixed assets
Computer equipment
At 1 September 2023
11,501
Amounts falling due within one year
Amounts due from group undertakings etc.
(5,000)
-
7
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
27,286
27,441
Taxes and social security
13,365
12,316
Loans from directors
117,440
172,921
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).