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REGISTERED NUMBER: SC453145 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

J LAW LIMITED

J LAW LIMITED (REGISTERED NUMBER: SC453145)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J LAW LIMITED

Company Information
for the Year Ended 30 September 2023







DIRECTORS: John Michael Law
John Allan Law
Gillian Margaret Law
Christopher Law





SECRETARY: John Michael Law





REGISTERED OFFICE: 66 Sinclair Road
Torry
Aberdeen
AB11 9PP





REGISTERED NUMBER: SC453145 (Scotland)






J LAW LIMITED (REGISTERED NUMBER: SC453145)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 120,521 100,791
Investments 5 159,000 159,000
279,521 259,791

CURRENT ASSETS
Debtors 6 409,035 428,315
Cash at bank 219,042 249,116
628,077 677,431
CREDITORS
Amounts falling due within one year 7 485,765 531,635
NET CURRENT ASSETS 142,312 145,796
TOTAL ASSETS LESS CURRENT
LIABILITIES

421,833

405,587

PROVISIONS FOR LIABILITIES 29,344 18,464
NET ASSETS 392,489 387,123

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 392,389 387,023
392,489 387,123

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

J LAW LIMITED (REGISTERED NUMBER: SC453145)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 19 January 2024 and were signed on its behalf by:





John Allan Law - Director


J LAW LIMITED (REGISTERED NUMBER: SC453145)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

J Law Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 33% on cost and 20% on reducing balance
Motor vehicles - 25% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

J LAW LIMITED (REGISTERED NUMBER: SC453145)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2022 - 38 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2022 2,995 199,859 2,347 - 205,201
Additions - - - 46,741 46,741
At 30 September 2023 2,995 199,859 2,347 46,741 251,942
DEPRECIATION
At 1 October 2022 300 103,043 1,067 - 104,410
Charge for year 300 19,363 532 6,816 27,011
At 30 September 2023 600 122,406 1,599 6,816 131,421
NET BOOK VALUE
At 30 September 2023 2,395 77,453 748 39,925 120,521
At 30 September 2022 2,695 96,816 1,280 - 100,791

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2022
and 30 September 2023 159,000
NET BOOK VALUE
At 30 September 2023 159,000
At 30 September 2022 159,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 348,740 363,801
Other debtors 60,295 64,514
409,035 428,315

J LAW LIMITED (REGISTERED NUMBER: SC453145)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 137,987 127,984
Taxation and social security 125,998 107,521
Other creditors 221,780 296,130
485,765 531,635

8. ULTIMATE CONTROLLING PARTY

The controlling party is the directors.