Acorah Software Products - Accounts Production 16.5.460 false true 30 November 2023 1 December 2022 false true No description of principal activity 1 December 2023 30 November 2024 30 November 2024 13029751 Mrs Stephanie Gemson Mr Christopher Hallsworth Mr Charles Mark Downing iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13029751 2023-11-30 13029751 2024-11-30 13029751 2023-12-01 2024-11-30 13029751 frs-core:CurrentFinancialInstruments 2024-11-30 13029751 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 13029751 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 13029751 frs-bus:Micro-entities 2023-12-01 2024-11-30 13029751 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 13029751 frs-bus:Director1 2023-12-01 2024-11-30 13029751 frs-bus:Director2 2023-12-01 2024-11-30 13029751 frs-bus:Director3 2023-12-01 2024-11-30 13029751 2022-11-30 13029751 2023-11-30 13029751 2022-12-01 2023-11-30 13029751 frs-core:CurrentFinancialInstruments 2023-11-30
Registered number: 13029751
Taxgem Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
TaxGem Ltd
Taxgem Limited
Balance Sheet
As At 30 November 2024
Balance Sheet
Registered number: 13029751

| 2024 | 2023
--- | --- | ---
|  | £ | £
Fixed assets |  | 32,211 | 35,413
Current assets |  | 300,658 | 90,387
Prepayments and accrued income |  | 5,037 | -
Creditors: Amounts Falling Due Within One Year |  | (68,069 ) | (23,159 )
NET CURRENT ASSETS |  | 237,626 | 67,228
TOTAL ASSETS LESS CURRENT LIABILITIES |  | 269,837 | 102,641
Accruals and deferred income |  | (106,431 ) | -
NET ASSETS |  | 163,406 | 102,641
CAPITAL AND RESERVES |  | 163,406 | 102,641

## Notes

1. General Information
Taxgem Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13029751 . The registered office is 67 Hough Lane, Leyland, PR25 2SA.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 3)
5 3
3. Disclosure notes
Revenue Recognition
The company recognises revenue from its monthly recurring service agreements over the period in which the services are delivered. Where invoices have been raised in advance of the period to which the services relate, the associated income is deferred at the year end to reflect only the revenue earned to the balance sheet date. This ensures that income is recognised in the period in which the related work is performed.
Change in Estimate – Depreciation of Tangible Fixed Assets
During the year, the directors reviewed the basis on which depreciation is charged on the company’s tangible fixed assets. As a result of this review, the depreciation model was changed from 33% straight-line to 20% reducing balance.
This has been treated as a change in accounting estimate rather than a change in accounting policy, in accordance with FRS 105 paragraph 10.15, as it reflects a reassessment of the pattern in which the assets’ future economic benefits are expected to be consumed.
The directors consider that the 20% reducing balance method more appropriately reflects the useful economic lives and consumption pattern of the company’s equipment. The change has been applied prospectively from 1 December 2023, and the impact on the current year’s depreciation charge is not considered material.
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Taxgem Limited
Balance Sheet (continued)
As At 30 November 2024
For the year ending 30 November 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board

Mrs Stephanie Gemson Director
14/10/2025