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REGISTERED NUMBER: 09867684 (England and Wales)














Unaudited Financial Statements

for the Period 30 November 2021 to 18 April 2023

for

Instalaw Limited

Instalaw Limited (Registered number: 09867684)






Contents of the Financial Statements
for the Period 30 November 2021 to 18 April 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Instalaw Limited (Registered number: 09867684)

Balance Sheet
18 April 2023

2023 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 59,962 205,301

CURRENT ASSETS
Debtors 5 707,005 1,560,308
Cash at bank and in hand 22,218 37,498
729,223 1,597,806
CREDITORS
Amounts falling due within one year 6 514,065 617,567
NET CURRENT ASSETS 215,158 980,239
TOTAL ASSETS LESS CURRENT LIABILITIES 275,120 1,185,540

CREDITORS
Amounts falling due after more than one
year

7

(76,566

)

(216,601

)

PROVISIONS FOR LIABILITIES - (38,757 )
NET ASSETS 198,554 930,182

CAPITAL AND RESERVES
Called up share capital 200 300
Capital redemption reserve 100 -
Retained earnings 198,254 929,882
SHAREHOLDERS' FUNDS 198,554 930,182

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 18 April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 18 April 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.

Instalaw Limited (Registered number: 09867684)

Balance Sheet - continued
18 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:





Mr R A Welsh - Director


Instalaw Limited (Registered number: 09867684)

Notes to the Financial Statements
for the Period 30 November 2021 to 18 April 2023

1. STATUTORY INFORMATION

Instalaw Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09867684

Registered office: 2nd Floor, Copthall House
King Street
Newcastle
Staffordshire
ST5 1UE

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


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.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Instalaw Limited (Registered number: 09867684)

Notes to the Financial Statements - continued
for the Period 30 November 2021 to 18 April 2023

2. ACCOUNTING POLICIES - continued
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 period 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 period was 29 (2021 - 30 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 30 November 2021 16,753 302,355 58,626 377,734
Additions - - 10,997 10,997
Disposals (15,758 ) (200,445 ) (62,292 ) (278,495 )
At 18 April 2023 995 101,910 7,331 110,236
DEPRECIATION
At 30 November 2021 6,086 132,281 34,066 172,433
Charge for period 2,267 - 11,917 14,184
Eliminated on disposal (7,817 ) (87,695 ) (40,831 ) (136,343 )
At 18 April 2023 536 44,586 5,152 50,274
NET BOOK VALUE
At 18 April 2023 459 57,324 2,179 59,962
At 29 November 2021 10,667 170,074 24,560 205,301

Instalaw Limited (Registered number: 09867684)

Notes to the Financial Statements - continued
for the Period 30 November 2021 to 18 April 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 30 November 2021 302,355
Disposals (200,445 )
At 18 April 2023 101,910
DEPRECIATION
At 30 November 2021 132,281
Eliminated on disposal (87,695 )
At 18 April 2023 44,586
NET BOOK VALUE
At 18 April 2023 57,324
At 29 November 2021 170,074

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Trade debtors 180,361 399,219
Other debtors 526,644 1,161,089
707,005 1,560,308

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Bank loans and overdrafts 42,916 24,790
Hire purchase contracts 5,857 29,289
Trade creditors 139,255 -
Taxation and social security 319,000 555,948
Other creditors 7,037 7,540
514,065 617,567

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2021
£    £   
Bank loans 21,667 35,833
Hire purchase contracts 54,899 180,768
76,566 216,601

Instalaw Limited (Registered number: 09867684)

Notes to the Financial Statements - continued
for the Period 30 November 2021 to 18 April 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2021
£    £   
Bank overdrafts 32,916 14,790
Hire purchase contracts 60,756 210,057
93,672 224,847

The bank overdraft is secured under a fixed and floating charge over all the assets of the company.
Hire Purchase contracts are secured on the assets to which they relate.

9. OTHER FINANCIAL COMMITMENTS

Financial commitments not disclosed on the Balance Sheet amount to £11,065 (2021 £72,194).
This represents the remaining payments on 4 leases ending in 2023 and 12 months worth of payment to a lease with no fixed end date.