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ACCLAIM LEGAL SERVICES LIMITED

Unaudited Financial Statements

for the Year Ended 31st March 2023






ACCLAIM LEGAL SERVICES LIMITED (REGISTERED NUMBER: 08669008)






Contents of the Financial Statements
for the year ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ACCLAIM LEGAL SERVICES LIMITED

Company Information
for the year ended 31st March 2023







DIRECTOR: Ms D L Hodge





SECRETARY: Ms D L Hodge





REGISTERED OFFICE: First Floor
43/47 High Street
Mold
Wales
CH7 1BQ





REGISTERED NUMBER: 08669008 (England and Wales)






ACCLAIM LEGAL SERVICES LIMITED (REGISTERED NUMBER: 08669008)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,505 22,991

CURRENT ASSETS
Debtors 5 168,757 240,019
Cash at bank and in hand 357,859 765,717
526,616 1,005,736
CREDITORS
Amounts falling due within one year 6 103,854 347,031
NET CURRENT ASSETS 422,762 658,705
TOTAL ASSETS LESS CURRENT LIABILITIES 442,267 681,696

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 442,266 681,695
SHAREHOLDERS' FUNDS 442,267 681,696

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

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

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 28th November 2023 and were signed by:





Ms D L Hodge - Director


ACCLAIM LEGAL SERVICES LIMITED (REGISTERED NUMBER: 08669008)

Notes to the Financial Statements
for the year ended 31st March 2023

1. STATUTORY INFORMATION

Acclaim Legal Services 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 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.

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.

ACCLAIM LEGAL SERVICES LIMITED (REGISTERED NUMBER: 08669008)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors measured at transaction price less any impairment. Loans 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.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors
Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measures subsequently at amortised cost using the effective interest method.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to / from related parties.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022 38,206
Additions 3,021
Disposals (3,113 )
At 31st March 2023 38,114
DEPRECIATION
At 1st April 2022 15,215
Charge for year 6,507
Eliminated on disposal (3,113 )
At 31st March 2023 18,609
NET BOOK VALUE
At 31st March 2023 19,505
At 31st March 2022 22,991

ACCLAIM LEGAL SERVICES LIMITED (REGISTERED NUMBER: 08669008)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 108,241 198,531
Other debtors 60,516 41,488
168,757 240,019

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 31,667 41,667
Trade creditors 64,088 136,715
Taxation and social security (7,720 ) 156,063
Other creditors 15,819 12,586
103,854 347,031

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £78,500 (2022 - £153,000) were paid to the director .

Amounts owed to the director as at 31 March 2023 is £12,319 (2022 - £9,085).