Silverfin false 31/01/2023 01/02/2022 31/01/2023 Ms N Mackintosh 16/11/2017 Ms Z Bolwig 29/06/2020 18 October 2023 The principal activity of the Company during the financial year was the provision of legal services. 11067651 2023-01-31 11067651 bus:Director1 2023-01-31 11067651 bus:Director2 2023-01-31 11067651 2022-01-31 11067651 core:CurrentFinancialInstruments 2023-01-31 11067651 core:CurrentFinancialInstruments 2022-01-31 11067651 core:ShareCapital 2023-01-31 11067651 core:ShareCapital 2022-01-31 11067651 core:RetainedEarningsAccumulatedLosses 2023-01-31 11067651 core:RetainedEarningsAccumulatedLosses 2022-01-31 11067651 core:Goodwill 2022-01-31 11067651 core:Goodwill 2023-01-31 11067651 core:FurnitureFittings 2022-01-31 11067651 core:OfficeEquipment 2022-01-31 11067651 core:FurnitureFittings 2023-01-31 11067651 core:OfficeEquipment 2023-01-31 11067651 bus:OrdinaryShareClass1 2023-01-31 11067651 2022-02-01 2023-01-31 11067651 bus:FullAccounts 2022-02-01 2023-01-31 11067651 bus:SmallEntities 2022-02-01 2023-01-31 11067651 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 11067651 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 11067651 bus:Director1 2022-02-01 2023-01-31 11067651 bus:Director2 2022-02-01 2023-01-31 11067651 core:Goodwill core:TopRangeValue 2022-02-01 2023-01-31 11067651 core:FurnitureFittings core:TopRangeValue 2022-02-01 2023-01-31 11067651 core:OfficeEquipment core:TopRangeValue 2022-02-01 2023-01-31 11067651 2021-02-01 2022-01-31 11067651 core:Goodwill 2022-02-01 2023-01-31 11067651 core:FurnitureFittings 2022-02-01 2023-01-31 11067651 core:OfficeEquipment 2022-02-01 2023-01-31 11067651 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 11067651 bus:OrdinaryShareClass1 2021-02-01 2022-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11067651 (England and Wales)

MACKINTOSH LAW LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2023
Pages for filing with the registrar

MACKINTOSH LAW LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2023

Contents

MACKINTOSH LAW LIMITED

COMPANY INFORMATION

For the financial year ended 31 January 2023
MACKINTOSH LAW LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 January 2023
DIRECTORS Ms N Mackintosh
Ms Z Bolwig
REGISTERED OFFICE 103 Borough High Street
London
SE1 1NL
United Kingdom
COMPANY NUMBER 11067651 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon EX2 7XE
MACKINTOSH LAW LIMITED

BALANCE SHEET

As at 31 January 2023
MACKINTOSH LAW LIMITED

BALANCE SHEET (continued)

As at 31 January 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 21,000 24,500
Tangible assets 4 10,176 11,010
31,176 35,510
Current assets
Debtors 5 727,358 553,775
Cash at bank and in hand 1,286,690 944,839
2,014,048 1,498,614
Creditors: amounts falling due within one year 6 ( 235,535) ( 223,299)
Net current assets 1,778,513 1,275,315
Total assets less current liabilities 1,809,689 1,310,825
Provision for liabilities ( 35,861) ( 22,021)
Net assets 1,773,828 1,288,804
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 1,773,728 1,288,704
Total shareholder's funds 1,773,828 1,288,804

For the financial year ending 31 January 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Mackintosh Law Limited (registered number: 11067651) were approved and authorised for issue by the Board of Directors on 18 October 2023. They were signed on its behalf by:

Ms N Mackintosh
Director
MACKINTOSH LAW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2023
MACKINTOSH LAW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Mackintosh Law Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 103 Borough High Street, London, SE1 1NL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents the value of services rendered during the year (excluding VAT) and comprises of both completed work (gross fees billed) and incomplete unbilled work (accrued income).

Gross fees billed represent the amounts (excluding VAT) derived from the provision of completed work for clients during the year.

Accrued income is recognised in accordance with the principles of FRS 102. The movement in accrued income is included in turnover for the year.

Accrued income in respect of patters of a non-contingent nature is recognised based upon the value of work performed but not yet billed at the year end. The value of accrued income is calculated based upon the time spent on matters in progress at the firm's billing rates, reduced to an expected realisable amount.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Fixtures and fittings 5 years straight line
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income. A total of £nil (2022: £625) has been recognised in the accounts to match the revenue grant against the related costs.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 10 10

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 February 2022 35,000 35,000
At 31 January 2023 35,000 35,000
Accumulated amortisation
At 01 February 2022 10,500 10,500
Charge for the financial year 3,500 3,500
At 31 January 2023 14,000 14,000
Net book value
At 31 January 2023 21,000 21,000
At 31 January 2022 24,500 24,500

4. Tangible assets

Fixtures and fittings Office equipment Total
£ £ £
Cost
At 01 February 2022 11,468 15,910 27,378
Additions 0 5,529 5,529
At 31 January 2023 11,468 21,439 32,907
Accumulated depreciation
At 01 February 2022 7,052 9,316 16,368
Charge for the financial year 1,947 4,416 6,363
At 31 January 2023 8,999 13,732 22,731
Net book value
At 31 January 2023 2,469 7,707 10,176
At 31 January 2022 4,416 6,594 11,010

5. Debtors

2023 2022
£ £
Trade debtors 29,816 51,261
Amounts owed by directors 19,339 43,006
Prepayments and accrued income 677,225 459,508
Other debtors 978 0
727,358 553,775

6. Creditors: amounts falling due within one year

2023 2022
£ £
Accruals 14,531 20,073
Taxation and social security 219,676 201,782
Other creditors 1,328 1,444
235,535 223,299

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Directors Loan Account 19,339 43,006

Directors Loan Account Charged at HMRC's official rate

9. Off Balance Sheet arrangements

The total amount of financial commitments not included in the balance sheet is £80,000 (2022: £160,000)