Registered number
08324739
EE Accountax Limited
Filleted Accounts
31 December 2024
EE Accountax Limited
Registered number: 08324739
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 62,919 64,916
Current assets
Debtors 4 30,847 53,409
Cash at bank and in hand 131,417 89,164
162,264 142,573
Creditors: amounts falling due within one year 5 (26,623) (31,348)
Net current assets 135,641 111,225
Total assets less current liabilities 198,560 176,141
Creditors: amounts falling due after more than one year 6 (7,928) (17,441)
Provisions for liabilities (8,930) (9,310)
Net assets 181,702 149,390
Capital and reserves
Called up share capital 100 100
Profit and loss account 181,602 149,290
Shareholders' funds 181,702 149,390
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Energy Kam Pui Yiu
Director
Approved by the board on 5 June 2025
EE Accountax Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
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).
Turnover
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. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on tangible fixed assets at rates calculated as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 10 years
Vehicles over 10 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 13 13
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 15,917 5,547 58,785 80,249
Additions - 6,170 - 6,170
Disposals - (958) - (958)
At 31 December 2024 15,917 10,759 58,785 85,461
Depreciation
At 1 January 2024 - 1,624 13,709 15,333
Charge for the year - 1,801 5,878 7,679
On disposals - (470) - (470)
At 31 December 2024 - 2,955 19,587 22,542
Net book value
At 31 December 2024 15,917 7,804 39,198 62,919
At 31 December 2023 15,917 3,923 45,076 64,916
4 Debtors 2024 2023
£ £
Trade debtors 30,847 25,709
Other debtors - 27,700
30,847 53,409
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,921 2,262
Taxation and social security costs 22,272 21,842
Other creditors 430 7,244
26,623 31,348
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 7,928 17,441
7 Other information
EE Accountax Limited is a private company limited by shares and incorporated in England. Its registered office is:
129 Allenby Road
Leeds
LS11 5RR
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