Acorah Software Products - Accounts Production 16.4.675 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 03224208 Mrs ROBERTA GARVEY Mr STEVEN SAUNDERS Mr CHRISTOPHER GARVEY Mr CHRISTOPHER GARVEY iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03224208 2023-07-31 03224208 2024-07-31 03224208 2023-08-01 2024-07-31 03224208 frs-core:CurrentFinancialInstruments 2024-07-31 03224208 frs-core:ComputerEquipment 2023-08-01 2024-07-31 03224208 frs-core:FurnitureFittings 2023-08-01 2024-07-31 03224208 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 03224208 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 03224208 frs-core:MotorVehicles 2023-08-01 2024-07-31 03224208 frs-core:PlantMachinery 2024-07-31 03224208 frs-core:PlantMachinery 2023-08-01 2024-07-31 03224208 frs-core:PlantMachinery 2023-07-31 03224208 frs-core:ShareCapital 2024-07-31 03224208 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 03224208 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03224208 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 03224208 frs-bus:SmallEntities 2023-08-01 2024-07-31 03224208 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 03224208 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 03224208 frs-bus:Director1 2023-08-01 2024-07-31 03224208 frs-bus:Director2 2023-08-01 2024-07-31 03224208 frs-bus:Director3 2023-08-01 2024-07-31 03224208 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 03224208 frs-countries:EnglandWales 2023-08-01 2024-07-31 03224208 2022-07-31 03224208 2023-07-31 03224208 2022-08-01 2023-07-31 03224208 frs-core:CurrentFinancialInstruments 2023-07-31 03224208 frs-core:ShareCapital 2023-07-31 03224208 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 03224208
TAX SHOP (1997) LIMITED
Unaudited Financial Statements
For The Year Ended 31 July 2024
Garveys Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 03224208
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 501 346
501 346
CURRENT ASSETS
Debtors 5 11,680 12,165
Cash at bank and in hand 53,946 56,984
65,626 69,149
Creditors: Amounts Falling Due Within One Year 6 (16,818 ) (26,715 )
NET CURRENT ASSETS (LIABILITIES) 48,808 42,434
TOTAL ASSETS LESS CURRENT LIABILITIES 49,309 42,780
NET ASSETS 49,309 42,780
CAPITAL AND RESERVES
Called up share capital 7 200 200
Profit and Loss Account 49,109 42,580
SHAREHOLDERS' FUNDS 49,309 42,780
For the year ending 31 July 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr CHRISTOPHER GARVEY
Director
25/07/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
TAX SHOP (1997) LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 03224208 . The registered office is 7 HONEYCROSS ROAD, HEMEL HEMPSTEAD, HERTS, HP1 2HZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
Leasehold 0%
Plant & Machinery 25%
Motor Vehicles 25%
Fixtures & Fittings 25%
Computer Equipment 25%
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
Page 2
Page 3
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 August 2023 1,856
Additions 322
As at 31 July 2024 2,178
Depreciation
As at 1 August 2023 1,510
Provided during the period 167
As at 31 July 2024 1,677
Net Book Value
As at 31 July 2024 501
As at 1 August 2023 346
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,680 12,165
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,500 7,500
Corporation tax 1,963 3,449
Other creditors 8,751 11,410
Directors' loan accounts 604 4,356
16,818 26,715
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 3