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REGISTERED NUMBER: 07893066 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

A L LAW ASSOCIATES LIMITED

A L LAW ASSOCIATES LIMITED (REGISTERED NUMBER: 07893066)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A L LAW ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: Ms A Lalli





REGISTERED OFFICE: Dudley House
31 Lower Road
Harrow
HA2 0DE





REGISTERED NUMBER: 07893066 (England and Wales)





ACCOUNTANTS: Scodie Deyong LLP
Chartered Accountants
4 Prince Albert Road
London
NW1 7SN

A L LAW ASSOCIATES LIMITED (REGISTERED NUMBER: 07893066)

BALANCE SHEET
31 DECEMBER 2021

31.12.21 31.12.20
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,939 2,783

CURRENT ASSETS
Stocks 219,848 165,001
Debtors 5 198,463 47,850
Cash at bank 71,160 76,872
489,471 289,723
CREDITORS
Amounts falling due within one year 6 (94,889 ) (74,364 )
NET CURRENT ASSETS 394,582 215,359
TOTAL ASSETS LESS CURRENT
LIABILITIES

402,521

218,142

CREDITORS
Amounts falling due after more than one
year

7

(65,094

)

-

PROVISIONS FOR LIABILITIES 10 (1,508 ) (529 )
NET ASSETS 335,919 217,613

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 335,918 217,612
SHAREHOLDERS' FUNDS 335,919 217,613

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

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

The director acknowledges her 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.

A L LAW ASSOCIATES LIMITED (REGISTERED NUMBER: 07893066)

BALANCE SHEET - continued
31 DECEMBER 2021


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 9 August 2022 and were signed by:





Ms A Lalli - Director


A L LAW ASSOCIATES LIMITED (REGISTERED NUMBER: 07893066)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

A L Law Associates 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.
Improvements to property - evenly over the period of the lease
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Government grants
Grants are recognised over the period in which the associated costs are incurred.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

A L LAW ASSOCIATES LIMITED (REGISTERED NUMBER: 07893066)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


2. ACCOUNTING POLICIES - continued

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 4 (2020 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2021 - 2,012 11,218 13,230
Additions 5,775 - 238 6,013
At 31 December 2021 5,775 2,012 11,456 19,243
DEPRECIATION
At 1 January 2021 - 1,627 8,820 10,447
Charge for year 106 96 655 857
At 31 December 2021 106 1,723 9,475 11,304
NET BOOK VALUE
At 31 December 2021 5,669 289 1,981 7,939
At 31 December 2020 - 385 2,398 2,783

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 23,839 46,622
Other debtors 174,624 1,228
198,463 47,850

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 11,597 -
Trade creditors 10,294 2,218
Taxation and social security 46,840 46,663
Other creditors 26,158 25,483
94,889 74,364

A L LAW ASSOCIATES LIMITED (REGISTERED NUMBER: 07893066)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Bank loans 65,094 -

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.21 31.12.20
£    £   
Within one year 25,000 11,600
Between one and five years 100,000 -
In more than five years 20,833 -
145,833 11,600

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.21 31.12.20
£    £   
Bank loans 76,691 -

The bank loans have been secured by way of fixed and floating charges over any freehold and leasehold property owned by the company; or in which the company holds interest.

10. PROVISIONS FOR LIABILITIES
31.12.21 31.12.20
£    £   
Deferred tax
Accelerated capital allowances 1,508 529

Deferred
tax
£   
Balance at 1 January 2021 529
Provided during year 979
Balance at 31 December 2021 1,508

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
1 Ordinary £1 1 1

A L LAW ASSOCIATES LIMITED (REGISTERED NUMBER: 07893066)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


12. PENSION COMMITMENTS

The company makes payments to a defined contribution scheme on behalf of it's employees. Amounts charged to the profit and loss account were £1,499 for the year (2020: £1,727) There were outstanding contributions of £432 (2020: £306) at the balance sheet date.

13. RELATED PARTY DISCLOSURES

AKL Investment Properties Limited

A Company in which Ms Lalli is a director


During the year the Company loaned £125,403 to AKL Investment Properties Limited, and paid £10,000 (2020; NIL) in rent.

31.12.21 31.12.20
£    £   
Amount due from related party at the balance sheet date 125,403 -