Company Registration No. 11037782 (England and Wales)
Auxilium Tax Limited
Unaudited financial statements
for the year ended 31 March 2025
Auxilium Tax Limited
Unaudited financial statements
Contents
Auxilium Tax Limited
Statement of financial position
as at 31 March 2025
Tangible assets
104,586
963
Cash at bank and in hand
267,383
236,321
Creditors: amounts falling due within one year
(157,566)
(129,156)
Net current assets
169,653
229,322
Total assets less current liabilities
274,240
230,286
Provisions for liabilities
Deferred tax
(26,146)
(240)
Net assets
248,094
230,046
Called up share capital
100
100
Profit and loss account
247,994
229,946
Shareholders' funds
248,094
230,046
For the year ending 31 March 2025 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by
Sylwia Markowska
Director
Company Registration No. 11037782
Auxilium Tax Limited
Notes to the Accounts
for the year ended 31 March 2025
Auxilium Tax Limited is a private company, limited by shares, registered in England and Wales, registration number 11037782. The registered office is 43 Corringway, London, W5 3AB, England.
2
Compliance with accounting standards
The financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and Presentation currency
The Company's functional and presentational currency is GBP.
Foreign currency translation
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering or services
Revenue from a contract to provide service is recognised in the period in which the services are provided in accordance with stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably;
- the costs incurred and the costs to complete the contract can be measured reliably
Auxilium Tax Limited
Notes to the Accounts
for the year ended 31 March 2025
Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantially enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:
- the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Tangible fixed assets and depreciation
Tangible fixed assets under the cost model are included at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% straight line basis less estimated residual value
Computer equipment
33.33% reducing balance
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Auxilium Tax Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
-
13,209
13,209
Additions
113,680
-
113,680
At 31 March 2025
113,680
13,209
126,889
At 1 April 2024
-
12,246
12,246
Charge for the year
9,094
963
10,057
At 31 March 2025
9,094
13,209
22,303
At 31 March 2025
104,586
-
104,586
At 31 March 2024
-
963
963
5
Investments
Subsidiary undertakings
Valuation at 1 April 2024
1
Valuation at 31 March 2025
1
Amounts falling due within one year
Trade debtors
9,836
72,157
Other debtors
50,000
50,000
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
2,903
2,990
Taxes and social security
51,716
72,890
Other creditors
7,568
4,089
Loans from directors
206
2,839
8
Average number of employees
During the year the average number of employees was 4 (2024: 4).