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REGISTERED NUMBER: 13694405 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Welland Valley Legal Ltd

Welland Valley Legal Ltd (Registered number: 13694405)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Welland Valley Legal Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mrs N L Biggin





REGISTERED OFFICE: Blaston Lodge
Blaston Road
Blaston
Market Harborough
Leicestershire
LE16 8DB





REGISTERED NUMBER: 13694405 (England and Wales)





ACCOUNTANTS: Knights Lowe Chartered Accountants
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR

Welland Valley Legal Ltd (Registered number: 13694405)

Balance Sheet
31 March 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 2,332

CURRENT ASSETS
Debtors 5 30,114
Cash at bank 52,041
82,155
CREDITORS
Amounts falling due within one year 6 50,707
NET CURRENT ASSETS 31,448
TOTAL ASSETS LESS CURRENT LIABILITIES 33,780

PROVISIONS FOR LIABILITIES 7 443
NET ASSETS 33,337

CAPITAL AND RESERVES
Called up share capital 8 1
Retained earnings 33,336
SHAREHOLDERS' FUNDS 33,337

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 director acknowledges her 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.

Welland Valley Legal Ltd (Registered number: 13694405)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2023 and were signed by:





Mrs N L Biggin - Director


Welland Valley Legal Ltd (Registered number: 13694405)

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

1. STATUTORY INFORMATION

Welland Valley Legal Ltd 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 - 20% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred 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 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.

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 year 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.

Amounts due on contracts
Included within debtors are amounts due on contracts, this being an accrual for work completed at the year end that has yet to be billed. This is recognised at selling price, reduced for any provision of time unlikely to be billed or recovered.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

Welland Valley Legal Ltd (Registered number: 13694405)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
Additions 518 2,095 2,613
At 31 March 2023 518 2,095 2,613
DEPRECIATION
Charge for year 25 256 281
At 31 March 2023 25 256 281
NET BOOK VALUE
At 31 March 2023 493 1,839 2,332

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 23,247
Amounts recoverable on contract 4,758
Other debtors 2,109
30,114

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 1,329
Taxation and social security 16,267
Other creditors 33,111
50,707

7. PROVISIONS FOR LIABILITIES
£   
Deferred tax
Accelerated capital allowances 443

Deferred
tax
£   
Provided during year 443
Balance at 31 March 2023 443

Welland Valley Legal Ltd (Registered number: 13694405)

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

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal
value: £   
1 Share capital 1 £1 1

9. RELATED PARTY DISCLOSURES

The company received a £30,000 interest free loan upon start-up from East County Investments Ltd a company registered in England and Wales. The company is controlled by a close family member of the director. The loan is repayable on demand.