Easy Tax Solutions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09191044 (England and Wales)

EASY TAX SOLUTIONS LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M C Howarth

A D Howarth

D Wilmot

REGISTERED OFFICE:

Unit 12 Bates Industrial Estate

Church Road

Romford

Essex

RM3 0HU

REGISTERED NUMBER:

09191044 (England and Wales)

ACCOUNTANTS:

Howard & Stapleton

2nd Floor Offices

26-28 West Street

Market Square

Rochford

Essex

SS4 1AJ

FIXED ASSETS

Intangible assets

4

24,083

37,219

Tangible assets

5

1,615

357

Investments

6

100

25,798

37,676

CURRENT ASSETS

Debtors

7

1,140,914

1,489,579

Cash at bank and in hand

1,700,771

1,313,376

2,841,685

2,802,955

CREDITORS

Amounts falling due within one year

8

517,366

749,317

NET CURRENT ASSETS

2,324,319

2,053,638

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,350,117

2,091,314

PROVISIONS FOR LIABILITIES

9

404

89

NET ASSETS

2,349,713

2,091,225

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

11

2,349,613

2,091,125

SHAREHOLDERS' FUNDS

2,349,713

2,091,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

A D Howarth - Director

1.	STATUTORY INFORMATION

Easy Tax Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Our revenue recognition policy has 5 principles: -

(1) Client engagement has been confirmed and the relevant contingent fee percentage agreed.

(2) Collection of the fee is probable based on the quality of the R&D for tax purposes.

(3) Our consultancy, tax and technical obligations under the engagement have been fulfilled and the clients' claim submitted.

(4) Revenue earned is recognised at the point of submission to HMRC.

(5) All costs per claim are allocated in the same year as submission.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 January 2024

and 31 December 2024

65,680

AMORTISATION

At 1 January 2024

28,461

Amortisation for year

13,136

At 31 December 2024

41,597

NET BOOK VALUE

At 31 December 2024

24,083

At 31 December 2023

37,219

Software is being written off in equal instalments over its estimated economic life of 5 years.

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 January 2024

18,926

23,080

42,006

Additions

-

1,456

At 31 December 2024

18,926

24,536

43,462

DEPRECIATION

At 1 January 2024

18,926

22,723

41,649

Charge for year

-

198

At 31 December 2024

18,926

22,921

41,847

NET BOOK VALUE

At 31 December 2024

-

1,615

At 31 December 2023

-

357

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

179,586

234,776

Other debtors

961,328

1,254,803

1,140,914

1,489,579

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

2,783

8,070

Amounts owed to group undertakings

100

Taxation and social security

150,634

175,914

Other creditors

363,849

565,233

517,366

749,317

9.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

Deferred tax

404

89

Deferred

tax

£

Balance at 1 January 2024

89

Provided during year

315

Balance at 31 December 2024

404

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

100,000

Ordinary

0.001

100

11.

RESERVES

Retained

earnings

£

At 1 January 2024

2,091,125

Profit for the year

258,488

At 31 December 2024

2,349,613

12.	RELATED PARTY DISCLOSURES

During the year £25,000 was repaid by a company under common control. A total of £125,000 remained unpaid at the year end and is included in other debtors, is interest free and has no fixed repayment date.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A Howarth by virtue of his majority ownership of the company.