TaxAssist Accountants (B&H) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 05659284

		31 December 2025		31 December 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		119,380		65,339

			119,380		65,339
CURRENT ASSETS
Stocks	5	48,490		48,490
Debtors	6	873,209		516,787
Cash at bank and in hand		10,079		12,708

		931,778		577,985
Creditors: Amounts Falling Due Within One Year	7	(714,358 )		(441,236 )

NET CURRENT ASSETS (LIABILITIES)			217,420		136,749

TOTAL ASSETS LESS CURRENT LIABILITIES			336,800		202,088

NET ASSETS			336,800		202,088

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			336,700		201,988

SHAREHOLDERS' FUNDS			336,800		202,088

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TaxAssist Accountants (B&H) Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Nicholas Redfern

Director

25/06/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

TaxAssist Accountants (B&H) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05659284 . The registered office is 126 Southdown Road, Harpenden, Hertfordshire, AL5 1QQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	25% Straight Line Method
Fixtures & Fittings	25% Straight Line Method
Computer Equipment	33% Straight Line Method

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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TaxAssist Accountants (B&H) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 15 (2024: 15)

4. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2025	189,267	50,179	58,834	298,280
Additions	87,888	-	-	87,888

As at 31 December 2025	277,155	50,179	58,834	386,168

Depreciation
As at 1 January 2025	132,337	49,439	51,165	232,941
Provided during the period	26,845	493	6,509	33,847

As at 31 December 2025	159,182	49,932	57,674	266,788

Net Book Value
As at 31 December 2025	117,973	247	1,160	119,380

As at 1 January 2025	56,930	740	7,669	65,339

5. Stocks

	31 December 2025	31 December 2024
	£	£
Work in progress	48,490	48,490

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TaxAssist Accountants (B&H) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Debtors

	31 December 2025	31 December 2024
	£	£
Due within one year
Trade debtors	86,213	63,627
Prepayments and accrued income	28,144	44,088
QBSG	-	309,558
Adam Accounts Ltd	96,659	54,514
Interco- Quartet	375,969	-
TAXASSIST DIRECT Intercompany	-	10,000
Treasury Interco- TaxAssist Ltd	-	35,000
Interco- TaxAssist Group Services Ltd	247,166	-
Interco- TaxAssist Accountants Ltd	8,615	-
Interco- Hammersmith	30,443	-

	873,209	516,787

7. Creditors: Amounts Falling Due Within One Year

	31 December 2025	31 December 2024
	£	£
Trade creditors	50,200	47,536
Bank loans and overdrafts	2,479	-
Corporation tax	45,793	75,408
Other taxes and social security	594	8,973
VAT	35,465	36,805
Net wages	203	-
Payments in advance from client	217,074	217,074
Interco- TaxAssist Ltd	5,345	5,345
Pension liability	43	4,819
Interco- Group	131,022	32,835
IGN Refund Clearing Account	(9,017 )	1,615
Monies Collected from HMRC due to client	659	-
Interco- Practices	233,704	-
Accruals and deferred income	794	10,826

	714,358	441,236

8. Share Capital

	31 December 2025	31 December 2024
	£	£
Allotted, Called up and fully paid	100	100

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