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REGISTERED NUMBER: 05722385 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Law Firm Solutions Ltd

Law Firm Solutions Ltd (Registered number: 05722385)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Law Firm Solutions Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: A J Holtum
Mrs K Holtum





SECRETARY: A J Holtum





REGISTERED OFFICE: Three Trees
Saltergate Lane
Bamford
Hope Valley
S33 0BE





REGISTERED NUMBER: 05722385 (England and Wales)





ACCOUNTANTS: DLA Chartered Accountants
36A Market Street
New Mills
High Peak
SK22 4AA

Law Firm Solutions Ltd (Registered number: 05722385)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,751 4,458

CURRENT ASSETS
Debtors 5 81,485 63,051
Investments 6 500 500
Cash at bank 57,923 74,126
139,908 137,677
CREDITORS
Amounts falling due within one year 7 92,817 75,527
NET CURRENT ASSETS 47,091 62,150
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,842

66,608

PROVISIONS FOR LIABILITIES 713 847
NET ASSETS 50,129 65,761

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 50,127 65,759
SHAREHOLDERS' FUNDS 50,129 65,761

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 12 May 2023 and were signed on its behalf by:





A J Holtum - Director


Law Firm Solutions Ltd (Registered number: 05722385)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Law Firm Solutions Ltd 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.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

Law Firm Solutions Ltd (Registered number: 05722385)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2022 4,737 2,351 7,088
Additions - 930 930
Disposals - (1,160 ) (1,160 )
At 28 February 2023 4,737 2,121 6,858
DEPRECIATION
At 1 March 2022 927 1,703 2,630
Charge for year 1,184 453 1,637
Eliminated on disposal - (1,160 ) (1,160 )
At 28 February 2023 2,111 996 3,107
NET BOOK VALUE
At 28 February 2023 2,626 1,125 3,751
At 28 February 2022 3,810 648 4,458

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 78,285 61,413
VAT 1,894 653
Prepayments and accrued income 1,306 985
81,485 63,051

6. CURRENT ASSET INVESTMENTS
28.2.23 28.2.22
£    £   
Unlisted investments 500 500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 10,239 26,692
Tax 7,977 9,954
Social security and other taxes 2,261 2,028
Other creditors 417 320
Directors' current accounts 238 538
Accrued expenses 71,685 35,995
92,817 75,527