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REGISTERED NUMBER: 08775720 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 August 2021

for

Serious Accident Lawyers Limited

Serious Accident Lawyers Limited (Registered number: 08775720)

Contents of the Financial Statements
for the Year Ended 31 August 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Serious Accident Lawyers Limited

Company Information
for the Year Ended 31 August 2021







DIRECTOR: S Abbas





REGISTERED OFFICE: Bradford Chambers Business Park
New Lane
Laisterdyke
Bradford
West Yorkshire
BD4 8BX





REGISTERED NUMBER: 08775720 (England and Wales)





ACCOUNTANTS: Lindley Adams Limited Chartered Accountants
28 Prescott Street
Halifax
West Yorkshire
HX1 2LG

Serious Accident Lawyers Limited (Registered number: 08775720)

Balance Sheet
31 August 2021

31.8.21 31.8.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,540 5,585

CURRENT ASSETS
Debtors 5 3,324,195 2,937,445
Cash at bank 10,240 17,504
3,334,435 2,954,949
CREDITORS
Amounts falling due within one year 6 651,646 666,279
NET CURRENT ASSETS 2,682,789 2,288,670
TOTAL ASSETS LESS CURRENT LIABILITIES 2,690,329 2,294,255

CREDITORS
Amounts falling due after more than one year 7 (314,738 ) (381,533 )

PROVISIONS FOR LIABILITIES (1,277 ) (871 )
NET ASSETS 2,374,314 1,911,851

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 2,374,313 1,911,850
SHAREHOLDERS' FUNDS 2,374,314 1,911,851

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 12 August 2022 and were signed by:




S Abbas - Director


Serious Accident Lawyers Limited (Registered number: 08775720)

Notes to the Financial Statements
for the Year Ended 31 August 2021


1. STATUTORY INFORMATION

Serious Accident Lawyers 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 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.

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 - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 3 ) .

Serious Accident Lawyers Limited (Registered number: 08775720)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2021


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2020 13,204
Additions 4,468
At 31 August 2021 17,672
DEPRECIATION
At 1 September 2020 7,619
Charge for year 2,513
At 31 August 2021 10,132
NET BOOK VALUE
At 31 August 2021 7,540
At 31 August 2020 5,585

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.21 31.8.20
£    £   
Trade debtors 98,458 113,921
Amounts recoverable on contract 384,106 269,106
Other debtors 2,841,631 2,554,418
3,324,195 2,937,445

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.21 31.8.20
£    £   
Bank loans and overdrafts 67,721 6,467
Trade creditors 269,870 318,435
Taxation and social security 310,301 328,006
Other creditors 3,754 13,371
651,646 666,279

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.21 31.8.20
£    £   
Bank loans 314,738 381,533

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 71,133

Serious Accident Lawyers Limited (Registered number: 08775720)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2021


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2021 and 31 August 2020:

31.8.21 31.8.20
£    £   
S Abbas
Balance outstanding at start of year 321,987 262,587
Amounts advanced 93,642 145,880
Amounts repaid (96,296 ) (86,480 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 319,333 321,987