Inheritance Tax Solutions Limited

Inheritance Tax Solutions Limited
Statement of Financial Position
As at 30 June 2025

	2025		2024
	£	£	£	£
Fixed assets		8		180
Current assets	3,491		3,511
Prepayments and accrued income	293		275
Creditors: amount falling due within one year	(4,801)		(3,962)
Net current assets		(1,017)		(176)
Total assets less current liabilities		(1,009)		4
Net assets		(1,009)		4


Capital and reserves		(1,009)		4

NOTES TO THE ACCOUNTS

General Information

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

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings	15% Straight Line
Computer Equipment	33 % Straight Line

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 01 July 2024	1,688	2,772	4,460
Additions	-	-	-
Disposals	-	-	-
At 30 June 2025	1,688	2,772	4,460
Depreciation
At 01 July 2024	1,686	2,595	4,281
Charge for year	-	172	172
On disposals	-	-	-
At 30 June 2025	1,686	2,767	4,453
Net book values
Closing balance as at 30 June 2025	2	5	7
Opening balance as at 01 July 2024	2	177	179

3.	Average number of employees Average number of employees during the year was 2 (2024 : 2).

For the year ended 30 June 2025 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.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 10 November 2025 and were signed on its behalf by:

--------------------------------
D M F Murphy
Director

Registered Number: 04799893
England and Wales
INHERITANCE TAX SOLUTIONS LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 July 2024 End date: 30 June 2025