REGISTERED NUMBER: 14192348 (England and Wales)

Financial Statements

for the Year Ended 31st August 2025

for

Tax Advisory & Consultancy Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Y A O Wood FCA

D Reynolds FCA CTA

M J Baghurst FCCA

REGISTERED OFFICE:

Suite 4a

Apex

33 Victoria Street

Altrincham

Cheshire

WA14 1AU

REGISTERED NUMBER:

14192348 (England and Wales)

AUDITORS:

Michael Donnan & Co Limited

Oaktree Court Business Centre

Mill Lane

Ness

Cheshire

CH64 8TP

FIXED ASSETS

Intangible assets

4

83,013

126,629

Tangible assets

5

2,487

1,691

85,500

128,320

CURRENT ASSETS

Debtors

6

122,277

111,629

Cash at bank

829

7,327

123,106

118,956

CREDITORS

Amounts falling due within one year

7

125,936

207,108

NET CURRENT LIABILITIES

(2,830

)

(88,152

)

TOTAL ASSETS LESS CURRENT LIABILITIES

82,670

40,168

PROVISIONS FOR LIABILITIES

622

423

NET ASSETS

82,048

39,745

CAPITAL AND RESERVES

Called up share capital

8

3

3

Retained earnings

82,045

39,742

SHAREHOLDERS' FUNDS

82,048

39,745

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 26th May 2026 and were signed on its behalf by:

Y A O Wood FCA - Director

1.	STATUTORY INFORMATION

Tax Advisory & Consultancy Services Ltd 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.

Turnover, representing amounts recoverable from clients for professional services provided during the year, is measured at the fair value of the consideration received or receivable on each client project. This includes expenses and disbursements but excludes discounts and Value Added Tax. Turnover is recognised when the consideration can be measured reliably and it is probable that future economic benefits will flow to the Company.

Accrued income, included within debtors, comprises unbilled revenue on individual client projects and is stated at fee value less provision for foreseeable losses. Where billings exceed revenue on client projects, the excess is shown as a reduction to accrued income.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its 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.

Plant and machinery etc

-

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.

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 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st September 2024

and 31st August 2025

217,503

AMORTISATION

At 1st September 2024

90,874

Charge for year

43,616

At 31st August 2025

134,490

NET BOOK VALUE

At 31st August 2025

83,013

At 31st August 2024

126,629

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st September 2024

4,696

Additions

2,833

At 31st August 2025

7,529

DEPRECIATION

At 1st September 2024

3,005

Charge for year

2,037

At 31st August 2025

5,042

NET BOOK VALUE

At 31st August 2025

2,487

At 31st August 2024

1,691

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

(Unaudited)

£

£

Trade debtors

93,493

96,696

Prepayments

7,613

6,068

Accrued income

21,171

8,865

122,277

111,629

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

(Unaudited)

£

£

Trade creditors

2,913

1,465

Amounts owed to group undertakings

3,308

-

Tax

30,166

20,878

Social security & other taxes

16,708

13,948

VAT

51,286

41,495

Due to related party

-

124,740

Accrued expenses

21,555

4,582

125,936

207,108

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

3

Ordinary

£1

3

3

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Donnan BSc FCA (Senior Statutory Auditor)

for and on behalf of Michael Donnan & Co Limited

10.	RELATED PARTY DISCLOSURES

During the year the company transacted with Bennett Brooks & Co Ltd, a fellow subsidiary of Bennett Brooks Group Ltd. Transactions included the provision of services, amounting to £124,349 (2024: £133,278). The company also received a loan, which at the balance sheet date was £3,308 (2024: £124,740) and is reported within amounts due to related party.

The company's immediate and ultimate parent undertaking is Bennett Brooks Group Limited.

Bennett Brooks Group Limited is the parent undertaking of the smallest and largest group to consolidate these financial statements. Copies of the consolidated financial statements can be obtained from Companies House.

As at 31 August 2025 the ultimate controlling party was Yvonne Wood.