Registration number: 02833863

US Tax And Financial Services Limited

Contents

Company Information	1
Accountants' Report	2
Statement of Financial Position	3 to 4
Notes to the Unaudited Financial Statements	5 to 10

US Tax And Financial Services Limited

Company Information

Directors

Ms D F Hart A C Aldridge Ms N Rothrock

Registered office

Staple Court 11 Staple Inn London WC1V 7QH

Accountants

Innovi Advisors Ltd Chartered Certified Accountants163 Herne Hill London SE24 9LR

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
US Tax And Financial Services Limited
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of US Tax And Financial Services Limited for the year ended 31 December 2024 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of US Tax And Financial Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of US Tax And Financial Services Limited and state those matters that we have agreed to state to the Board of Directors of US Tax And Financial Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than US Tax And Financial Services Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that US Tax And Financial Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of US Tax And Financial Services Limited. You consider that US Tax And Financial Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of US Tax And Financial Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Innovi Advisors Ltd
Chartered Certified Accountants
163 Herne Hill
London
SE24 9LR

22 September 2025

US Tax And Financial Services Limited

(Registration number: 02833863)
Statement of Financial Position as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	178,448	75,412
Current assets
Work in Progress	5	261,600	300,300
Debtors	6	1,573,151	1,236,727
Cash at bank and in hand		192,771	229,539
		2,027,522	1,766,566
Creditors: Amounts falling due within one year	7	(1,782,575)	(1,491,321)
Net current assets		244,947	275,245
Total assets less current liabilities		423,395	350,657
Creditors: Amounts falling due after more than one year	7	(14,416)	(24,466)
Provisions for liabilities		(33,023)	(13,226)
Net assets		375,956	312,965
Capital and reserves
Called up share capital		414	414
Retained earnings		375,542	312,551
Shareholders' funds		375,956	312,965

US Tax And Financial Services Limited

(Registration number: 02833863)
Statement of Financial Position as at 31 December 2024 (continued)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 22 September 2025 and signed on its behalf by:
 

......................................... Ms D F Hart Director

US Tax And Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Staple Court
11 Staple Inn
London
WC1V 7QH

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is Pound Sterling (£) rounded to the nearest Pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

US Tax And Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings leasehold	Over the term of the lease
Computer equipment	25% straight line on cost
Fixtures, fittings & equipment	25% reducing balance basis

Work in progress and accrued income
Accrued income relates to work which has been undertaken for clients but has not yet been billed or received. Accrued income has been valued based on the net realisable value of the work in progress.

US Tax And Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 39 (2023 - 39).

US Tax And Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4	Tangible assets

	Land and buildings £	Plant and machinery etc £	Total £
Cost or valuation
At 1 January 2024	98,533	157,875	256,408
Additions	44,067	91,273	135,340
Disposals	(98,533)	(65,388)	(163,921)
At 31 December 2024	44,067	183,760	227,827
Depreciation
At 1 January 2024	98,533	82,463	180,996
Charge for the year	-	26,521	26,521
Eliminated on disposal	(98,533)	(59,605)	(158,138)
At 31 December 2024	-	49,379	49,379
Carrying amount
At 31 December 2024	44,067	134,381	178,448
At 31 December 2023	-	75,412	75,412

5

Stocks

	2024 £	2023 £
Work in progress	261,600	300,300

US Tax And Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

6

Debtors

Group balances are repayable on demand.

Current	Note	2024 £	2023 £
Trade debtors		611,911	473,980
Amounts owed by related parties		498,969	340,676
Prepayments		220,272	229,414
Other debtors		241,999	192,657
		1,573,151	1,236,727

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	8	30,768	20,204
Trade creditors		357,994	234,799
Amounts owed to group undertakings		97,187	122,620
Taxation and social security		331,971	232,057
Accruals and deferred income		659,328	664,823
Other creditors		305,327	216,818
		1,782,575	1,491,321

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	8	14,416	24,466

US Tax And Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

8	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Hire purchase contracts	14,416	24,466

Current loans and borrowings

	2024 £	2023 £
Hire purchase contracts	30,768	20,204

9 Pension commitments

At the year end there were unpaid contributions of £45,309 (2023 - £59,123) included in other creditors.

10 Ultimate controlling party

The immediate parent is US Tax and Financial Services Group Limited, registered in England and Wales, and the ultimate controlling party is Ms D F Hart.