Company Registration No. 12446347 (England and Wales)
Linkilaw Solicitors Limited
Unaudited accounts
for the year ended 30 June 2023
Linkilaw Solicitors Limited
Unaudited accounts
Contents
Linkilaw Solicitors Limited
Company Information
for the year ended 30 June 2023
Directors
Alexandra Isenegger
Roger Levitt
Company Number
12446347 (England and Wales)
Registered Office
107 Kirkgate
Leeds
LS1 6DP
Accountants
Sleek Accounting Ltd
107 Kirkgate
Leeds
West Yorkshire
LS1 6DP
Linkilaw Solicitors Limited
Statement of financial position
as at 30 June 2023
Intangible assets
35,555
-
Tangible assets
8,711
1,804
Cash at bank and in hand
317,071
5,802
Creditors: amounts falling due within one year
(189,384)
(242,810)
Net current assets/(liabilities)
283,792
(121,563)
Total assets less current liabilities
328,058
(119,759)
Creditors: amounts falling due after more than one year
(136,741)
(235,121)
Net assets/(liabilities)
191,317
(354,880)
Called up share capital
100
100
Profit and loss account
191,217
(354,980)
Shareholders' funds
191,317
(354,880)
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by
Alexandra Isenegger
Director
Company Registration No. 12446347
Linkilaw Solicitors Limited
Notes to the Accounts
for the year ended 30 June 2023
Linkilaw Solicitors Limited is a private company, limited by shares, registered in England and Wales, registration number 12446347. The registered office is 107 Kirkgate, Leeds, LS1 6DP.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Computer equipment
33.33% straight line
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.
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.
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.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Linkilaw Solicitors Limited
Notes to the Accounts
for the year ended 30 June 2023
4
Intangible fixed assets
Other
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
115,252
39,539
Deferred tax asset
-
55,037
Other debtors
1,125
20,869
Linkilaw Solicitors Limited
Notes to the Accounts
for the year ended 30 June 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
11,455
8,053
Trade creditors
12,027
58,030
Taxes and social security
106,126
162,701
Other creditors
59,776
14,026
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
114,029
197,645
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The company owes the director Alexandra Isenegger £114,029 as at the year end.
11
Transactions with related parties
Linkilaw Limited:
The company is related to Linkilaw Solicitors Limited by virtue of common shareholders and directors. The amount due from Linkilaw Limited at the balance sheet date was £58,900 (2022 £12,600).
12
Average number of employees
During the year the average number of employees was 5 (2022: 5).