Registered number
07911920
Tax Return Adviser Ltd
Filleted Accounts
30 April 2025
Tax Return Adviser Ltd
Registered number: 07911920
Balance Sheet
as at 30 April 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 26,000 39,000
Tangible assets 4 11,755 9,438
37,755 48,438
Current assets
Debtors 5 54,281 34,043
Cash at bank and in hand 59,102 39,811
113,383 73,854
Creditors: amounts falling due within one year 6 (63,515) (43,661)
Net current assets 49,868 30,193
Net assets 87,623 78,631
Capital and reserves
Called up share capital 100 100
Profit and loss account 87,523 78,531
Shareholder's funds 87,623 78,631
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
S H Freedman
Director
Approved by the board on 9 May 2025
Tax Return Adviser Ltd
Notes to the Accounts
for the year ended 30 April 2025
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 12 12
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2024 195,000
At 30 April 2025 195,000
Amortisation
At 1 May 2024 156,000
Provided during the year 13,000
At 30 April 2025 169,000
Net book value
At 30 April 2025 26,000
At 30 April 2024 39,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 15 years.
4 Tangible fixed assets
Fixtures, fittings, tools and equipment
£
Cost
At 1 May 2024 58,647
Additions 5,362
Disposals (42,845)
At 30 April 2025 21,164
Depreciation
At 1 May 2024 49,209
Charge for the year 3,340
On disposals (43,140)
At 30 April 2025 9,409
Net book value
At 30 April 2025 11,755
At 30 April 2024 9,438
5 Debtors 2025 2024
£ £
Trade debtors 48,481 30,343
Other debtors - rent deposits 5,800 3,700
54,281 34,043
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts - 6,703
Trade creditors 7,552 -
Taxation and social security costs 55,963 36,958
63,515 43,661
7 Other information
Tax Return Adviser Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Nower End
Nower Road
Dorking
Surrey
Rh4 3BX
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