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REGISTERED NUMBER: 13074125 (England and Wales)















HSR LAW LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2023






HSR LAW LIMITED (REGISTERED NUMBER: 13074125)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HSR LAW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: F Braithwaite
A W Best
Mrs R Hailstone
R J Morgan
Mrs A Fields





REGISTERED OFFICE: 7 South Parade
Doncaster
South Yorkshire
DN1 2DY





REGISTERED NUMBER: 13074125 (England and Wales)






HSR LAW LIMITED (REGISTERED NUMBER: 13074125)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 138,867 90,966

CURRENT ASSETS
Stocks 130,725 110,653
Debtors 5 374,637 317,069
Cash at bank and in hand 719,476 555,096
1,224,838 982,818
CREDITORS
Amounts falling due within one year 6 855,760 758,034
NET CURRENT ASSETS 369,078 224,784
TOTAL ASSETS LESS CURRENT
LIABILITIES

507,945

315,750

CREDITORS
Amounts falling due after more than one
year

7

(131,674

)

(182,840

)

PROVISIONS FOR LIABILITIES (34,180 ) (16,889 )
NET ASSETS 342,091 116,021

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 341,791 115,721
342,091 116,021

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

HSR LAW LIMITED (REGISTERED NUMBER: 13074125)

BALANCE SHEET - continued
31 MARCH 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 5 October 2023 and were signed on its behalf by:




F Braithwaite - Director A W Best - Director




Mrs R Hailstone - Director


HSR LAW LIMITED (REGISTERED NUMBER: 13074125)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

HSR 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 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 - 20% on cost, 10% on cost, 5% on cost and Straight line over 5 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

HSR LAW LIMITED (REGISTERED NUMBER: 13074125)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 58 (2022 - 48 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 109,699
Additions 65,082
At 31 March 2023 174,781
DEPRECIATION
At 1 April 2022 18,733
Charge for year 17,181
At 31 March 2023 35,914
NET BOOK VALUE
At 31 March 2023 138,867
At 31 March 2022 90,966

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 340,239 281,765
Other debtors 34,398 35,304
374,637 317,069

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 350,346 333,559
Other creditors 505,414 424,475
855,760 758,034

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 131,674 182,840

HSR LAW LIMITED (REGISTERED NUMBER: 13074125)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 80,101 62,170
Between one and five years 316,224 207,769
396,325 269,939

9. RELATED PARTY DISCLOSURES

Included in creditors is £261,373 (2022: £200,228) due to the directors, representing the balance due on the directors loan accounts. The loan is interest free and has no formal repayment terms.