Registered number
05403337
Legal Skills Development Limited
Unaudited Filleted Accounts
31 March 2023
Legal Skills Development Limited
Registered number: 05403337
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 90 180
Current assets
Cash at bank and in hand 60,717 62,075
Creditors: amounts falling due within one year 5 (3,526) (4,008)
Net current assets 57,191 58,067
Total assets less current liabilities 57,281 58,247
Provisions for liabilities (17) (34)
Net assets 57,264 58,213
Capital and reserves
Called up share capital 1 1
Profit and loss account 57,263 58,212
Shareholder's funds 57,264 58,213
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A. Willis
Director
Approved by the board on 24 October 2023
Legal Skills Development Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities, other than loans from the director, are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 9,200
At 31 March 2023 9,200
Amortisation
At 1 April 2022 9,200
At 31 March 2023 9,200
Net book value
At 31 March 2023 -
Goodwill was written off in equal annual instalments over its estimated economic life of 3 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 270
At 31 March 2023 270
Depreciation
At 1 April 2022 90
Charge for the year 90
At 31 March 2023 180
Net book value
At 31 March 2023 90
At 31 March 2022 180
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 247 927
Other creditors 3,279 3,081
3,526 4,008
6 Controlling party
The company is owned and controlled by the director.
7 Other information
Legal Skills Development Limited is a private company limited by shares and incorporated in England. Its registered office is:
Rockley Farm
Brayford
Devon
EX32 7QR
Legal Skills Development Limited 05403337 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts April 2022 A. Willis No description of principal activity 05403337 2021-04-01 2022-03-31 05403337 core:WithinOneYear 2022-03-31 05403337 core:ShareCapital 2022-03-31 05403337 core:RetainedEarningsAccumulatedLosses 2022-03-31 05403337 2022-04-01 2023-03-31 05403337 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05403337 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 05403337 bus:Director40 2022-04-01 2023-03-31 05403337 1 2022-04-01 2023-03-31 05403337 2 2022-04-01 2023-03-31 05403337 core:PlantMachinery 2022-04-01 2023-03-31 05403337 countries:England 2022-04-01 2023-03-31 05403337 bus:FRS102 2022-04-01 2023-03-31 05403337 bus:FullAccounts 2022-04-01 2023-03-31 05403337 2023-03-31 05403337 core:WithinOneYear 2023-03-31 05403337 core:ShareCapital 2023-03-31 05403337 core:RetainedEarningsAccumulatedLosses 2023-03-31 05403337 core:Goodwill 2023-03-31 05403337 core:PlantMachinery 2023-03-31 05403337 2022-03-31 05403337 core:Goodwill 2022-03-31 05403337 core:PlantMachinery 2022-03-31 iso4217:GBP xbrli:pure