Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-312true2022-08-01falseNo description of principal activity2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08101991 2022-08-01 2023-07-31 08101991 2021-08-01 2022-07-31 08101991 2023-07-31 08101991 2022-07-31 08101991 c:Director1 2022-08-01 2023-07-31 08101991 d:OfficeEquipment 2022-08-01 2023-07-31 08101991 d:OfficeEquipment 2023-07-31 08101991 d:OfficeEquipment 2022-07-31 08101991 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 08101991 d:CurrentFinancialInstruments 2023-07-31 08101991 d:CurrentFinancialInstruments 2022-07-31 08101991 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 08101991 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 08101991 d:ShareCapital 2023-07-31 08101991 d:ShareCapital 2022-07-31 08101991 d:RetainedEarningsAccumulatedLosses 2023-07-31 08101991 d:RetainedEarningsAccumulatedLosses 2022-07-31 08101991 c:FRS102 2022-08-01 2023-07-31 08101991 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 08101991 c:FullAccounts 2022-08-01 2023-07-31 08101991 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 08101991 2 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure
Registered number: 08101991









LSW LEGAL RECRUITMENT LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023














 
LSW LEGAL RECRUITMENT LTD
REGISTERED NUMBER:08101991

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
501
1,402

  
501
1,402

Current assets
  

Debtors: amounts falling due within one year
 5 
40,053
4,153

Cash at bank and in hand
  
2,725
90,794

  
42,778
94,947

Creditors: amounts falling due within one year
 6 
(43,081)
(64,095)

Net current (liabilities)/assets
  
 
 
(303)
 
 
30,852

Total assets less current liabilities
  
198
32,254

  

Net assets
  
198
32,254


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
197
32,253

  
198
32,254


Page 1

 
LSW LEGAL RECRUITMENT LTD
REGISTERED NUMBER:08101991
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

The directors consider 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 directors acknowledge their 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 income and retained earnings 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 on 3 October 2023.




................................................
S Dart
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
LSW LEGAL RECRUITMENT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

LSW Legal Legal Recruitment Limited is a company, limited by shares, domiciled in England and Wales. The registered office is Uplands Business Centre, 81 Heavitree Road, Exeter EX1 2LX.

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

Going concern

The directors confirm that, having considered their expectations and intentions for the next twelve months, and the availability of working capital, the company is a going concern.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Rendering of services

Revenue 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 revenue 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.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Interest income

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

Page 3

 
LSW LEGAL RECRUITMENT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

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 basis:

Office equipment
-
3 years 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.

 
2.8

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.

 
2.9

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 4

 
LSW LEGAL RECRUITMENT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.11

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 2 (2022 - 2).

Page 5

 
LSW LEGAL RECRUITMENT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 August 2022
5,622


Disposals
(1,362)



At 31 July 2023

4,260



Depreciation


At 1 August 2022
4,220


Charge for the year on owned assets
488


Disposals
(949)



At 31 July 2023

3,759



Net book value



At 31 July 2023
501



At 31 July 2022
1,402


5.


Debtors

2023
2022
£
£


Trade debtors
18,375
4,153

Other debtors
21,503
-

Prepayments and accrued income
175
-

40,053
4,153


Page 6

 
LSW LEGAL RECRUITMENT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
209
185

Corporation tax
31,621
49,013

Other taxation and social security
10,488
13,376

Other creditors
293
1,083

Accruals and deferred income
470
438

43,081
64,095


 
Page 7