ABD Legal Services Limited 02012755 false 2021-04-01 2022-03-31 2022-03-31 The principal activity of the company is the supply of staff and related services to Awdry, Bailey & Douglas Digita Accounts Production Advanced 6.30.9574.0 true 02012755 2021-04-01 2022-03-31 02012755 2022-03-31 02012755 core:RetainedEarningsAccumulatedLosses 2022-03-31 02012755 core:ShareCapital 2022-03-31 02012755 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 02012755 bus:SmallEntities 2021-04-01 2022-03-31 02012755 bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 02012755 bus:FullAccounts 2021-04-01 2022-03-31 02012755 bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 02012755 bus:RegisteredOffice 2021-04-01 2022-03-31 02012755 bus:CompanySecretary1 2021-04-01 2022-03-31 02012755 bus:Director4 2021-04-01 2022-03-31 02012755 bus:Director5 2021-04-01 2022-03-31 02012755 bus:Director6 2021-04-01 2022-03-31 02012755 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 02012755 bus:Agent1 2021-04-01 2022-03-31 02012755 core:ParentEntities 2021-04-01 2022-03-31 02012755 countries:AllCountries 2021-04-01 2022-03-31 02012755 2020-04-01 2021-03-31 02012755 2021-03-31 02012755 core:RetainedEarningsAccumulatedLosses 2021-03-31 02012755 core:ShareCapital 2021-03-31 02012755 core:CurrentFinancialInstruments core:WithinOneYear 2021-03-31 iso4217:GBP xbrli:pure

Registration number: 02012755

Prepared for the registrar

ABD Legal Services Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2022

 

ABD Legal Services Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

ABD Legal Services Limited

Company Information

Directors

A M Everett

A L David

T M Hotchkiss

Company secretary

D Turley

Registered office

33 St John's Street
Devizes
Wiltshire
SN10 1BW

Bankers

Handelsbanken
Windmill Hill Business Park
Whitehill Way
Swindon
SN5 6NX

Accountants

Hazlewoods LLP
Chartered Accountants
Windsor House
Bayshill Road
Cheltenham
GL50 3AT

 

ABD Legal Services Limited

(Registration number: 02012755)
Balance Sheet as at 31 March 2022

Note

2022
 £

2021
 £

Current assets

 

Debtors

4

1,328,260

1,099,516

Cash at bank and in hand

 

212,584

144,603

 

1,540,844

1,244,119

Creditors: Amounts falling due within one year

5

(631,404)

(368,054)

Net assets

 

909,440

876,065

Capital and reserves

 

Called up share capital

6

6

Profit and loss account

909,434

876,059

Total equity

 

909,440

876,065

For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 1 September 2022 and signed on its behalf by:
 


A M Everett
Director

 

ABD Legal Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
33 St John's Street
Devizes
Wiltshire
SN10 1BW

 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
 

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Revenue recognition

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to Awdry, Bailey and Douglas.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

ABD Legal Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was as follows:

 

ABD Legal Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

 

4

Debtors

2022
 £

2021
 £

Trade debtors

1,277,892

876,566

Other debtors

10,029

179,223

Prepayments

40,339

43,727

 

1,328,260

1,099,516

 

5

Creditors

2022
 £

2021
 £

Due within one year

Bank overdraft

281,047

148,924

Trade creditors

20,474

2,974

Social security and other taxes

211,905

141,975

Outstanding defined contribution pension costs

23,211

19,982

Other creditors

45,035

-

Accrued expenses

8,559

21,098

Corporation tax liability

41,173

33,101

631,404

368,054

 

6

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of operating lease commitments not included in the balance sheet is £106,977 (2021 - £178,465).

 

7

Related party transactions

Summary of transactions with parent

Awdry Bailey & Douglas LLP
 An LLP which holds 100% of the share capital of ABD Legal Services Limited.
The company has taken advantage of the exemption from the requirement under FRS 102 section 33.1, to disclose transactions with Awdry Bailey & Douglas LLP.