Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31No description of principal activity52022-02-01false6truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07484670 2022-02-01 2023-01-31 07484670 2021-02-01 2022-01-31 07484670 2023-01-31 07484670 2022-01-31 07484670 2021-02-01 07484670 c:Director1 2022-02-01 2023-01-31 07484670 d:Buildings 2022-02-01 2023-01-31 07484670 d:Buildings 2023-01-31 07484670 d:Buildings 2022-01-31 07484670 d:Buildings d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 07484670 d:Buildings d:ShortLeaseholdAssets 2022-02-01 2023-01-31 07484670 d:FurnitureFittings 2022-02-01 2023-01-31 07484670 d:OfficeEquipment 2022-02-01 2023-01-31 07484670 d:ComputerEquipment 2022-02-01 2023-01-31 07484670 d:OtherPropertyPlantEquipment 2022-02-01 2023-01-31 07484670 d:OtherPropertyPlantEquipment 2023-01-31 07484670 d:OtherPropertyPlantEquipment 2022-01-31 07484670 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 07484670 d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 07484670 d:Goodwill 2023-01-31 07484670 d:Goodwill 2022-01-31 07484670 d:CurrentFinancialInstruments 2023-01-31 07484670 d:CurrentFinancialInstruments 2022-01-31 07484670 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 07484670 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 07484670 d:ShareCapital 2022-02-01 2023-01-31 07484670 d:ShareCapital 2023-01-31 07484670 d:ShareCapital 2022-01-31 07484670 d:ShareCapital 2021-02-01 07484670 d:CapitalRedemptionReserve 2023-01-31 07484670 d:CapitalRedemptionReserve 2022-01-31 07484670 d:CapitalRedemptionReserve 2021-02-01 07484670 d:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 07484670 d:RetainedEarningsAccumulatedLosses 2023-01-31 07484670 d:RetainedEarningsAccumulatedLosses 2021-02-01 2022-01-31 07484670 d:RetainedEarningsAccumulatedLosses 2022-01-31 07484670 d:RetainedEarningsAccumulatedLosses 2021-02-01 07484670 c:OrdinaryShareClass1 2022-02-01 2023-01-31 07484670 c:OrdinaryShareClass1 2023-01-31 07484670 c:OrdinaryShareClass1 2022-01-31 07484670 c:FRS102 2022-02-01 2023-01-31 07484670 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 07484670 c:FullAccounts 2022-02-01 2023-01-31 07484670 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 07484670 2 2022-02-01 2023-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07484670









DSLAW LIMITED

(FORMERLY DAYSPARKES LIMITED)
 
FILLETED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




































 
DSLAW LIMITED
 
(FORMERLY DAYSPARKES LIMITED)
REGISTERED NUMBER: 07484670

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
11,127
17,802

  
11,127
17,802

Current assets
  

Debtors: amounts falling due within one year
 6 
731,433
717,569

Cash at bank and in hand
 7 
249,401
670,382

  
980,834
1,387,951

Creditors: amounts falling due within one year
 8 
(179,237)
(290,144)

Net current assets
  
 
 
801,597
 
 
1,097,807

Total assets less current liabilities
  
812,724
1,115,609

Provisions for liabilities
  

Deferred tax
  
(2,646)
(4,322)

  
 
 
(2,646)
 
 
(4,322)

Net assets
  
810,078
1,111,287

Page 1

 
DSLAW LIMITED
 
(FORMERLY DAYSPARKES LIMITED)
REGISTERED NUMBER: 07484670
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023

2023
2022
£
£

Capital and reserves
  

Called up share capital 
 10 
1
2

Capital redemption reserve
  
1
-

Profit and loss account
  
810,076
1,111,285

  
810,078
1,111,287


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr M J Sparkes
Director

Date: 10 October 2023


The notes on pages 4 to 11 form part of these financial statements.

Page 2

 
DSLAW LIMITED
 
(FORMERLY DAYSPARKES LIMITED)
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2023


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£


At 1 February 2021
2
-
1,055,922
1,055,924


Comprehensive income for the year

Profit for the year

-
-
669,363
669,363

Dividends: Equity capital
-
-
(614,000)
(614,000)



At 1 February 2022
2
-
1,111,285
1,111,287


Comprehensive income for the year

Profit for the year

-
-
329,991
329,991


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(390,000)
(390,000)

Purchase of own shares
-
1
(241,200)
(241,199)

Shares cancelled during the year
(1)
-
-
(1)


At 31 January 2023
1
1
810,076
810,078


The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
DSLAW LIMITED

(FORMERLY DAYSPARKES LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

DSLaw Limited is a private company limited by shares and is incorporated in England. 
The address of its registered office is Second Floor (South), 3 Gray's Inn Square,Gray's Inn, London, WC1R 5AH.
The company's principal activity is providing solicitors' services.
The company's name was changed from DaySparkes Limited on 27 June 2023.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
DSLAW LIMITED

(FORMERLY DAYSPARKES LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 5

 
DSLAW LIMITED

(FORMERLY DAYSPARKES LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

S/Term Leasehold Property
-
Over the life of the lease
Fixtures & fittings
-
25% straight line
Office equipment
-
25% straight line
Computer equipment
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
DSLAW LIMITED

(FORMERLY DAYSPARKES LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 6).

Page 7

 
DSLAW LIMITED

(FORMERLY DAYSPARKES LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 February 2022
120,000



At 31 January 2023

120,000



Amortisation


At 1 February 2022
120,000



At 31 January 2023

120,000



Net book value



At 31 January 2023
-



At 31 January 2022
-



Page 8

 
DSLAW LIMITED

(FORMERLY DAYSPARKES LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

5.


Tangible fixed assets





Leasehold property improvements
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 February 2022
4,988
34,867
39,855


Additions
-
567
567



At 31 January 2023

4,988
35,434
40,422



Depreciation


At 1 February 2022
2,217
19,836
22,053


Charge for the year on owned assets
1,663
5,579
7,242



At 31 January 2023

3,880
25,415
29,295



Net book value



At 31 January 2023
1,108
10,019
11,127



At 31 January 2022
2,771
15,031
17,802


6.


Debtors

2023
2022
£
£


Trade debtors
268,611
378,296

Other debtors
72,688
969

Prepayments and accrued income
36,958
32,184

Amounts recoverable on long term contracts
353,176
306,120

731,433
717,569


Page 9

 
DSLAW LIMITED

(FORMERLY DAYSPARKES LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
249,401
670,382



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
842
3,773

Corporation tax
83,092
157,373

Other taxation and social security
72,822
101,648

Other creditors
4,080
1,902

Accruals and deferred income
18,401
25,448

179,237
290,144



9.


Operating lease commitments

The total amount of commitments, guarantees and contingencies at the year end date is £34,366 (2022 - £97,598).


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 2) Ordinary share of £1.00
1
2


During the year, the company undertook a purchase of own shares of 1 ordinary share.


Page 10

 
DSLAW LIMITED

(FORMERLY DAYSPARKES LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £6,884 (2022 - £7,574). Contributions totalling £1,450 (2022 - £1,387) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 11