IRIS Accounts Production v22.3.3.48 08879093 Board of Directors 3.1.22 2.1.23 2.1.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure088790932022-01-02088790932023-01-02088790932022-01-032023-01-02088790932021-01-02088790932021-01-032022-01-02088790932022-01-0208879093ns16:EnglandWales2022-01-032023-01-0208879093ns15:PoundSterling2022-01-032023-01-0208879093ns11:Director12022-01-032023-01-0208879093ns11:PrivateLimitedCompanyLtd2022-01-032023-01-0208879093ns11:SmallEntities2022-01-032023-01-0208879093ns11:AuditExempt-NoAccountantsReport2022-01-032023-01-0208879093ns11:SmallCompaniesRegimeForDirectorsReport2022-01-032023-01-0208879093ns11:SmallCompaniesRegimeForAccounts2022-01-032023-01-0208879093ns11:FullAccounts2022-01-032023-01-0208879093ns11:Director22022-01-032023-01-0208879093ns11:CompanySecretary12022-01-032023-01-0208879093ns11:RegisteredOffice2022-01-032023-01-0208879093ns6:CurrentFinancialInstruments2023-01-0208879093ns6:CurrentFinancialInstruments2022-01-0208879093ns6:Non-currentFinancialInstruments2023-01-0208879093ns6:Non-currentFinancialInstruments2022-01-0208879093ns6:ShareCapital2023-01-0208879093ns6:ShareCapital2022-01-0208879093ns6:RetainedEarningsAccumulatedLosses2023-01-0208879093ns6:RetainedEarningsAccumulatedLosses2022-01-0208879093ns6:FurnitureFittings2022-01-032023-01-0208879093ns6:ComputerEquipment2022-01-032023-01-0208879093ns6:FurnitureFittings2022-01-0208879093ns6:ComputerEquipment2022-01-0208879093ns6:FurnitureFittings2023-01-0208879093ns6:ComputerEquipment2023-01-0208879093ns6:FurnitureFittings2022-01-0208879093ns6:ComputerEquipment2022-01-0208879093ns6:WithinOneYearns6:CurrentFinancialInstruments2023-01-0208879093ns6:WithinOneYearns6:CurrentFinancialInstruments2022-01-0208879093ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2023-01-0208879093ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-01-0208879093ns11:Director32022-01-032023-01-02088790933ns11:Director32022-01-02088790933ns11:Director32021-01-02088790933ns11:Director32022-01-032023-01-02088790933ns11:Director32021-01-032022-01-02088790933ns11:Director32023-01-02088790933ns11:Director32022-01-02
REGISTERED NUMBER: 08879093 (England and Wales)












Unaudited Financial Statements

for the Year Ended 2 January 2023

for

Diligent Law Limited

Diligent Law Limited (Registered number: 08879093)






Contents of the Financial Statements
for the Year Ended 2 January 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Diligent Law Limited

Company Information
for the Year Ended 2 January 2023







DIRECTORS: S P Burton
H Ito-Burton





SECRETARY: S P Burton





REGISTERED OFFICE: Suite 2
20 Churchill Square
Kings Hill
West Malling
Kent
ME19 4YU





REGISTERED NUMBER: 08879093 (England and Wales)





ACCOUNTANTS: Ardor Business Solutions Limited
Chartered Certified Accountants
Unit 1
Shrine Barn
Sanding Road
Hythe
Kent
CT21 4HE

Diligent Law Limited (Registered number: 08879093)

Statement of Financial Position
2 January 2023

2/1/23 2/1/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,769 1,712

CURRENT ASSETS
Stocks 95,498 87,369
Debtors 6 48,652 42,396
Cash at bank and in hand 53,096 52,435
197,246 182,200
CREDITORS
Amounts falling due within one year 7 76,844 81,039
NET CURRENT ASSETS 120,402 101,161
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,171

102,873

CREDITORS
Amounts falling due after more than one
year

8

(45,336

)

(45,336

)

PROVISIONS FOR LIABILITIES (716 ) -
NET ASSETS 78,119 57,537

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 78,019 57,437
78,119 57,537

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 2 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 2 January 2023 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.

Diligent Law Limited (Registered number: 08879093)

Statement of Financial Position - continued
2 January 2023


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 Board of Directors and authorised for issue on 23 February 2023 and were signed on its behalf by:





S P Burton - Director


Diligent Law Limited (Registered number: 08879093)

Notes to the Financial Statements
for the Year Ended 2 January 2023

1. STATUTORY INFORMATION

Diligent 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Diligent Law Limited (Registered number: 08879093)

Notes to the Financial Statements - continued
for the Year Ended 2 January 2023

3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 3 January 2022 941 2,541 3,482
Additions - 2,721 2,721
At 2 January 2023 941 5,262 6,203
DEPRECIATION
At 3 January 2022 604 1,166 1,770
Charge for year 50 614 664
At 2 January 2023 654 1,780 2,434
NET BOOK VALUE
At 2 January 2023 287 3,482 3,769
At 2 January 2022 337 1,375 1,712

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2/1/23 2/1/22
£    £   
Trade debtors 34,246 22,054
Other debtors 1,730 1,730
Directors' current accounts - 7,377
Prepayments 12,676 11,235
48,652 42,396

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2/1/23 2/1/22
£    £   
Bank loans and overdrafts 2,664 2,664
Trade creditors 6,293 6,162
Taxation 18,691 18,480
Social security and other taxes - 383
Pension liability 213 144
VAT 3,168 2,278
Other creditors - 2,751
Directors' current accounts 39,206 44,077
Accruals and deferred income 6,609 4,100
76,844 81,039

Diligent Law Limited (Registered number: 08879093)

Notes to the Financial Statements - continued
for the Year Ended 2 January 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2/1/23 2/1/22
£    £   
Bank loans - 2-5 years 45,336 45,336

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 2 January 2023 and 2 January 2022:

2/1/23 2/1/22
£    £   
B M Mc Nicholas
Balance outstanding at start of year 7,377 9,737
Amounts repaid (7,377 ) (2,360 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 7,377

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S P Burton.