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Registered Number: 12568241
England and Wales

 

 

 


Abridged Accounts


for the year ended 31 December 2024

for

BLUEWATER TAX ACCOUNTING LIMITED

Bluewater Tax Accounting Limited
Contents Page
For the year ended 31 December 2024
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Intangible fixed assets 3 102,187    114,449 
Tangible fixed assets 4 5,144    3,738 
107,331    118,187 
Current assets      
Debtors 25,785    28,396 
Cash at bank and in hand 6,845    19,836 
32,630    48,232 
Creditors: amount falling due within one year (200,950)   (214,209)
Net current assets (168,320)   (165,977)
 
Total assets less current liabilities (60,989)   (47,790)
Net assets (60,989)   (47,790)
 

Capital and reserves 		     
Called up share capital 5 100    100 
Profit and loss account (61,089)   (47,890)
Shareholders' funds (60,989)   (47,790)
 


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

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The director of the company has elected not to include the Income Statement within the financial statements.
The financial statements were approved by the director on 19 December 2025 and were signed by:


-------------------------------
A A Qayyum
Director
1
General Information
Bluewater Tax Accounting Limited is a private company, limited by shares and is incorporated in England and Wales. The address of the registered office is Quadrant Court, 49 Calthorpe Road, Birmingham, B15 1TH. The nature of the company's operations and its principal activity was that of an accountancy practice.
1.

Accounting policies

Significant accounting policies
The company's financial statements have been prepared in compliance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention and on a going concern basis. The financial statements comprise the unaudited financial statements of the company up to 31 December 2022 in the current period and 30 April 2022 in the prior period, and are stated in pound sterling, the company's functional and presentational currency.

The principal accounting policies applied in the preparation of these financial statements are set out below, these policies have been applied consistently to all the years presented, unless otherwise stated.
Going concern basis
The director has formed a judgement, at the time of approving the financial statements, that there is an expectation that the Company, with the support of its shareholders, has adequate resources to continue in operational existence for the foreseeable future being at least twelve months from the date of the financial statements. For this reason, they continue to adopt the going concern basis in preparing the financial statements as set out in the going concern section of the Directors' Report.
Turnover
Turnover comprises the invoiced value of services rendered by the company, exclusive of Value Added Tax.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
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 20% Straight Line
Computer Equipment 20% Straight Line
2.

Employees and Directors

Average number of employees during the year was 7 (2023 : 6).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 January 2024 122,624    122,624 
Additions -    - 
Disposals -    - 
At 31 December 2024 122,624    122,624 
Amortisation
At 01 January 2024 8,175    8,175 
Charge for year 12,262    12,262 
On disposals -    - 
At 31 December 2024 20,437    20,437 
Net book values
At 31 December 2024 102,187    102,187 
At 31 December 2023 114,449    114,449 


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 January 2024 2,762    1,715    4,477 
Additions 413    2,739    3,152 
Disposals -    -    - 
At 31 December 2024 3,175    4,454    7,629 
Depreciation
At 01 January 2024 358    381    739 
Charge for year 635    1,111    1,746 
On disposals -    -    - 
At 31 December 2024 993    1,492    2,485 
Net book values
Closing balance as at 31 December 2024 2,182    2,962    5,144 
Opening balance as at 01 January 2024 2,404    1,334    3,738 


5.

Share Capital

Authorised
100 Ordinary shares of £1.00 each
Allotted, called up and fully paid
2024
£		   2023
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

2