IRIS Accounts Production v23.3.0.418 07475628 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure074756282022-03-31074756282023-03-31074756282022-04-012023-03-31074756282021-03-31074756282021-04-012022-03-31074756282022-03-3107475628ns16:EnglandWales2022-04-012023-03-3107475628ns15:PoundSterling2022-04-012023-03-3107475628ns11:Director12022-04-012023-03-3107475628ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3107475628ns11:SmallEntities2022-04-012023-03-3107475628ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3107475628ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3107475628ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3107475628ns11:FullAccounts2022-04-012023-03-310747562812022-04-012023-03-3107475628ns6:CurrentFinancialInstruments2023-03-3107475628ns6:CurrentFinancialInstruments2022-03-3107475628ns6:ShareCapital2023-03-3107475628ns6:ShareCapital2022-03-3107475628ns6:RetainedEarningsAccumulatedLosses2023-03-3107475628ns6:RetainedEarningsAccumulatedLosses2022-03-3107475628ns11:RegisteredOffice2022-04-012023-03-3107475628ns6:NetGoodwill2022-04-012023-03-3107475628ns6:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3107475628ns6:FurnitureFittings2022-04-012023-03-3107475628ns6:ComputerEquipment2022-04-012023-03-3107475628ns6:NetGoodwill2022-03-3107475628ns6:NetGoodwill2023-03-3107475628ns6:NetGoodwill2022-03-3107475628ns6:FurnitureFittings2022-03-3107475628ns6:ComputerEquipment2022-03-3107475628ns6:FurnitureFittings2023-03-3107475628ns6:ComputerEquipment2023-03-3107475628ns6:FurnitureFittings2022-03-3107475628ns6:ComputerEquipment2022-03-3107475628ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3107475628ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3107475628ns11:Director112022-03-3107475628ns11:Director112021-03-3107475628ns11:Director112022-04-012023-03-3107475628ns11:Director112021-04-012022-03-3107475628ns11:Director112023-03-3107475628ns11:Director112022-03-3107475628ns11:Director22022-04-012023-03-31074756282ns11:Director22022-03-31074756282ns11:Director22021-03-31074756282ns11:Director22022-04-012023-03-31074756282ns11:Director22021-04-012022-03-31074756282ns11:Director22023-03-31074756282ns11:Director22022-03-31
REGISTERED NUMBER: 07475628 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Lawmatix Limited

Lawmatix Limited (Registered number: 07475628)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Lawmatix Limited (Registered number: 07475628)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,050 3,743
6,050 3,743

CURRENT ASSETS
Debtors 6 311,117 334,864
Cash at bank 857,692 475,883
1,168,809 810,747
CREDITORS
Amounts falling due within one year 7 (111,985 ) (70,577 )
NET CURRENT ASSETS 1,056,824 740,170
TOTAL ASSETS LESS CURRENT LIABILITIES 1,062,874 743,913

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,062,872 743,911
1,062,874 743,913

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by:





Ms A J Kearsley - Director


Lawmatix Limited (Registered number: 07475628)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Lawmatix 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: 07475628

Registered office: Toddbrook
Start Lane
Whaley Bridge
SK23 7BP

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, net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 cost
Office equipment - 33% on cost

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Lawmatix Limited (Registered number: 07475628)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 74,890
AMORTISATION
At 1 April 2022
and 31 March 2023 74,890
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 9,295 22,883 32,178
Additions 1,134 4,977 6,111
At 31 March 2023 10,429 27,860 38,289
DEPRECIATION
At 1 April 2022 8,195 20,240 28,435
Charge for year 781 3,023 3,804
At 31 March 2023 8,976 23,263 32,239
NET BOOK VALUE
At 31 March 2023 1,453 4,597 6,050
At 31 March 2022 1,100 2,643 3,743

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 32,722 43,641
Other debtors 278,395 291,223
311,117 334,864

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 108,595 67,376
Other creditors 3,390 3,201
111,985 70,577

Lawmatix Limited (Registered number: 07475628)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
Ms A J Kearsley
Balance outstanding at start of year 98,373 64,831
Amounts advanced 112,355 186,578
Amounts repaid (107,357 ) (153,036 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 103,371 98,373

Ms L M Inger
Balance outstanding at start of year 133,910 190,991
Amounts advanced 76,501 46,687
Amounts repaid (87,525 ) (103,768 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 122,886 133,910

Loan incur interest at 2% per annum.