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REGISTERED NUMBER: 09869218 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

SO LEGAL LIMITED

SO LEGAL LIMITED (REGISTERED NUMBER: 09869218)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SO LEGAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: Mrs S A Hussain
Mr H Ovaisi
Mr J P Salvidge
Mr D Mercer



REGISTERED OFFICE: 15 Gildredge Road
Eastbourne
East Sussex
BN21 4RB



REGISTERED NUMBER: 09869218 (England and Wales)



BANKERS: NatWest Bank
Western Avenue
Waterside Court
Chatham
ME4 4RT

SO LEGAL LIMITED (REGISTERED NUMBER: 09869218)

ABRIDGED BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,104 20,171
Investments 5 100 -
33,204 20,171

CURRENT ASSETS
Debtors 6 2,341,968 1,503,017
Cash at bank 443,648 390,660
2,785,616 1,893,677
CREDITORS
Amounts falling due within one year 530,611 459,135
NET CURRENT ASSETS 2,255,005 1,434,542
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,288,209

1,454,713

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 2,287,209 1,453,713
SHAREHOLDERS' FUNDS 2,288,209 1,454,713

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

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

SO LEGAL LIMITED (REGISTERED NUMBER: 09869218)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 October 2023 and were signed on its behalf by:





Mr J P Salvidge - Director


SO LEGAL LIMITED (REGISTERED NUMBER: 09869218)

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

1. STATUTORY INFORMATION

SO Legal 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.

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.

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 reducing balance
Computer equipment - 33% on cost

Government grants
Grants received are credited to profit and loss account in the financial period in which they are received.

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 53 (2022 - 46 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2022 54,622
Additions 21,649
At 31 January 2023 76,271
DEPRECIATION
At 1 February 2022 34,451
Charge for year 8,716
At 31 January 2023 43,167
NET BOOK VALUE
At 31 January 2023 33,104
At 31 January 2022 20,171

SO LEGAL LIMITED (REGISTERED NUMBER: 09869218)

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

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 100
At 31 January 2023 100
NET BOOK VALUE
At 31 January 2023 100

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Due from related parties 1,360,000 813,722

7. SECURED DEBTS

Barclays Security Trustee Limited has fixed and floating charges covering property or undertakings of the Company.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
650 A ordinary £1 650 650
250 B ordinary £1 250 250
100 C ordinary £1 100 100
1,000 1,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
Mr H Ovaisi
Balance outstanding at start of year 100,640 -
Amounts advanced 11,137 100,640
Amounts repaid (100,640 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,137 100,640

The loan is interest free, unsecured and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr H Ovaisi.