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REGISTERED NUMBER: 08598544 (England and Wales)













Financial Statements

for the Year Ended 30 April 2018

for

Teesside Law Limited

Teesside Law Limited (Registered number: 08598544)






Contents of the Financial Statements
for the Year Ended 30 April 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Teesside Law Limited

Company Information
for the Year Ended 30 April 2018







DIRECTORS: P Dixon
A J Foster
A McGloin
A Turton





SECRETARY: A Turton





REGISTERED OFFICE: 19 Queen Street
REDCAR
Cleveland
TS10 1AB





REGISTERED NUMBER: 08598544 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
County Durham
DL3 7RT

Teesside Law Limited (Registered number: 08598544)

Balance Sheet
30 April 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 84,000 268,000
Tangible assets 5 115,900 112,414
199,900 380,414

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 6 143,565 208,446
Cash at bank and in hand 32,835 69,051
178,400 279,497
CREDITORS
Amounts falling due within one year 7 229,590 417,216
NET CURRENT LIABILITIES (51,190 ) (137,719 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,710

242,695

CREDITORS
Amounts falling due after more than one
year

8

(33,709

)

(99,331

)

PROVISIONS FOR LIABILITIES 10 (8,022 ) (7,788 )
NET ASSETS 106,979 135,576

CAPITAL AND RESERVES
Called up share capital 11 150 150
Revaluation reserve 12 32,216 31,504
Capital redemption reserve 60 60
Retained earnings 74,553 103,862
SHAREHOLDERS' FUNDS 106,979 135,576

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

Teesside Law Limited (Registered number: 08598544)

Balance Sheet - continued
30 April 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 4 October 2018 and were signed on its behalf by:





A Turton - Director


Teesside Law Limited (Registered number: 08598544)

Notes to the Financial Statements
for the Year Ended 30 April 2018

1. STATUTORY INFORMATION

Teesside Law Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.

Turnover
Turnover represents net invoiced provision of services, excluding value added tax, except in respect of service
contracts where turnover is recognised when the company obtains right to consideration.

Income recognition
Income is recognised when a contract for the sale of goods is determined as unconditional.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, 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.
Freehold property - not provided
Law library - not provided
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,
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.


Teesside Law Limited (Registered number: 08598544)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2018

2. ACCOUNTING POLICIES - continued
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 17 (2017 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2017
and 30 April 2018 920,000
AMORTISATION
At 1 May 2017 652,000
Amortisation for year 184,000
At 30 April 2018 836,000
NET BOOK VALUE
At 30 April 2018 84,000
At 30 April 2017 268,000

Teesside Law Limited (Registered number: 08598544)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2018

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Law and Computer
property library fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 May 2017 100,000 2,000 3,374 19,216 124,590
Additions - - 1,216 5,098 6,314
At 30 April 2018 100,000 2,000 4,590 24,314 130,904
DEPRECIATION
At 1 May 2017 - - 1,470 10,706 12,176
Charge for year - - 350 2,478 2,828
At 30 April 2018 - - 1,820 13,184 15,004
NET BOOK VALUE
At 30 April 2018 100,000 2,000 2,770 11,130 115,900
At 30 April 2017 100,000 2,000 1,904 8,510 112,414

Cost or valuation at 30 April 2018 is represented by:

Fixtures
Freehold Law and Computer
property library fittings equipment Totals
£    £    £    £    £   
Valuation in 2014 38,504 - - - 38,504
Cost 61,496 2,000 4,590 24,314 92,400
100,000 2,000 4,590 24,314 130,904

If freehold property had not been revalued it would have been included at the following historical cost:

2018 2017
£    £   
Cost 61,496 61,496

Freehold property was valued on an open market basis on 6 May 2014 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 87,480 82,475
Amounts recoverable on contracts 50,322 119,603
Prepayments 5,763 6,368
143,565 208,446

Teesside Law Limited (Registered number: 08598544)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 6,057 5,812
Trade creditors 5,393 4,898
Corporation tax 26,442 65,061
Taxation and social security 30,635 43,565
Other creditors 68,858 80,388
Directors' current accounts 84,254 200,245
Accruals and deferred income 7,951 17,247
229,590 417,216

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans 24,286 30,344
Other creditors 9,423 68,987
33,709 99,331

9. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 30,343 36,156

Bank loans are secured against the freehold property of the business.

10. PROVISIONS FOR LIABILITIES
2018 2017
£    £   
Deferred tax 8,022 7,788

Deferred
tax
£   
Balance at 1 May 2017 7,788
Accelerated capital allowances 946
Deferred tax on revaluation (712 )
Balance at 30 April 2018 8,022

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
150 Ordinary £1 150 150

Teesside Law Limited (Registered number: 08598544)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2018

12. RESERVES
Revaluation
reserve
£   
At 1 May 2017 31,504
Deferred tax on revaluation 712

At 30 April 2018 32,216

13. RELATED PARTY DISCLOSURES

20182017
££

Amounts due to directors84,254200,245
No interest has been charged.