1 April 2022 false No description of principal activity Taxfiler 2023.10.1 SC494630business:PrivateLimitedCompanyLtd2022-04-012023-03-31 SC4946302022-03-31 SC4946302022-04-012023-03-31 SC494630business:AuditExempt-NoAccountantsReport2022-04-012023-03-31 SC494630business:FilletedAccounts2022-04-012023-03-31 SC4946302023-03-31 SC494630business:Director12022-04-012023-03-31 SC494630business:RegisteredOffice2022-04-012023-03-31 SC4946302022-03-31 SC494630core:WithinOneYear2023-03-31 SC494630core:WithinOneYear2022-03-31 SC494630core:AfterOneYear2023-03-31 SC494630core:AfterOneYear2022-03-31 SC494630core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 SC494630core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 SC494630core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 SC494630core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 SC494630core:PreviouslyStatedAmount2023-03-31 SC494630core:PreviouslyStatedAmount2022-03-31 SC494630business:SmallEntities2022-04-012023-03-31 SC494630countries:Scotland2022-04-012023-03-31 SC494630core:FurnitureFittings2022-04-012023-03-31 SC494630core:ComputerEquipment2022-04-012023-03-31 SC494630core:Goodwill2022-03-31 SC494630core:Goodwill2023-03-31 SC494630core:Goodwill2022-04-012023-03-31 SC494630core:FurnitureFittings2022-03-31 SC494630core:ComputerEquipment2022-03-31 SC494630core:FurnitureFittings2023-03-31 SC494630core:ComputerEquipment2023-03-31 SC494630core:AcceleratedTaxDepreciationDeferredTax2023-03-31 SC494630core:AcceleratedTaxDepreciationDeferredTax2022-03-31 SC494630core:TaxLossesCarry-forwardsDeferredTax2023-03-31 SC494630core:TaxLossesCarry-forwardsDeferredTax2022-03-31 SC4946302021-03-31 SC4946302021-04-012022-03-31 SC494630business:OrdinaryShareClass12022-04-012023-03-31 SC494630business:OrdinaryShareClass12021-04-012022-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC494630 (Scotland)
Health Law Limited Unaudited accounts for the year ended 31 March 2023
Health Law Limited Unaudited accounts Contents
Page
- 2 -
Health Law Limited Company Information for the year ended 31 March 2023
Director
Mr Douglas Simpson
Company Number
SC494630 (Scotland)
Registered Office
21 YOUNG STREET EDINBURGH EH2 4HU SCOTLAND
Accountants
Hawthorn Tax 4 Newton Place Glasgow G3 7PR
- 3 -
Health Law Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
5,000 
7,500 
Tangible assets
4,647 
5,319 
9,647 
12,819 
Current assets
Debtors
58,344 
78,954 
Cash at bank and in hand
10,286 
18,790 
68,630 
97,744 
Creditors: amounts falling due within one year
(19,959)
(49,713)
Net current assets
48,671 
48,031 
Total assets less current liabilities
58,318 
60,850 
Creditors: amounts falling due after more than one year
(29,664)
(30,746)
Provisions for liabilities
Deferred tax
(883)
(175)
Net assets
27,771 
29,929 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
27,671 
29,829 
Shareholders' funds
27,771 
29,929 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 November 2023 and were signed on its behalf by
Mr Douglas Simpson Director Company Registration No. SC494630
- 4 -
Health Law Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Health Law Limited is a private company, limited by shares, registered in Scotland, registration number SC494630. The registered office is 21 YOUNG STREET, EDINBURGH, EH2 4HU, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Computer equipment
25% reducing balance
Goodwill & Intangible Assets
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years. 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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
Health Law Limited Notes to the Accounts for the year ended 31 March 2023
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
25,000 
At 31 March 2023
25,000 
Amortisation
At 1 April 2022
17,500 
Charge for the year
2,500 
At 31 March 2023
20,000 
Net book value
At 31 March 2023
5,000 
At 31 March 2022
7,500 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
1,566 
14,528 
16,094 
Additions
- 
1,101 
1,101 
At 31 March 2023
1,566 
15,629 
17,195 
Depreciation
At 1 April 2022
987 
9,788 
10,775 
Charge for the year
313 
1,460 
1,773 
At 31 March 2023
1,300 
11,248 
12,548 
Net book value
At 31 March 2023
266 
4,381 
4,647 
At 31 March 2022
579 
4,740 
5,319 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
20,815 
28,824 
Other debtors
37,529 
50,130 
58,344 
78,954 
- 6 -
Health Law Limited Notes to the Accounts for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,560 
19,254 
VAT
3,263 
6,904 
Taxes and social security
4,944 
16,961 
Other creditors
(8)
5,594 
Accruals
1,200 
1,000 
19,959 
49,713 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
29,664 
30,746 
9
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
883 
1,011 
Tax losses carried forward
- 
(836)
883 
175 
2023 
2022 
£ 
£ 
Provision at start of year
175 
- 
Charged to the profit and loss account
708 
175 
Provision at end of year
883 
175 
10
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
11
Transactions with related parties
Other debtors includes an amount owed to the company by a director of £40,178 (2022: £40,179). The same director was paid a salary of £15,500 in the period (2022: £33,500) and was paid dividends of £33,650 in the period (2022: £40,291)
12
Controlling party
The ultimate controlling party is Mr D Simpson
13
Average number of employees
During the year the average number of employees was 4 (2022: 4).
- 7 -