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REGISTERED NUMBER: 11254303 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

ET LAW LIMITED

ET LAW LIMITED (REGISTERED NUMBER: 11254303)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ET LAW LIMITED

COMPANY INFORMATION
for the Year Ended 31st March 2023







DIRECTORS: Mr M P Knights
Ms D T Gonzalez
Mr G R Jones
Mr G P Underhill
Mr D J Simpson





REGISTERED OFFICE: Reedham House
31-33 King Street West
Manchester
Lancashire
M3 2PN





REGISTERED NUMBER: 11254303 (England and Wales)





ACCOUNTANTS: KJG
100 Barbirolli Square
Manchester
M2 3BD

ET LAW LIMITED (REGISTERED NUMBER: 11254303)

BALANCE SHEET
31st March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,044 3,033

CURRENT ASSETS
Stocks 937,000 395,000
Debtors 5 387,059 130,555
Cash at bank and in hand 77,967 138,145
1,402,026 663,700
CREDITORS
Amounts falling due within one year 6 (1,276,020 ) (449,193 )
NET CURRENT ASSETS 126,006 214,507
TOTAL ASSETS LESS CURRENT LIABILITIES 127,050 217,540

CREDITORS
Amounts falling due after more than one
year

7

(52,943

)

(103,563

)
NET ASSETS 74,107 113,977

CAPITAL AND RESERVES
Called up share capital 8 104 104
Retained earnings 74,003 113,873
74,107 113,977

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 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.

ET LAW LIMITED (REGISTERED NUMBER: 11254303)

BALANCE SHEET - continued
31st 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th February 2024 and were signed on its behalf by:





Mr G R Jones - Director


ET LAW LIMITED (REGISTERED NUMBER: 11254303)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2023


1. STATUTORY INFORMATION

ET Law Limited is a private company limited by share capital, incorporated in England and Wales, registration number 11254303. The address of the registered office and principle place of business is Reedham House, 31-33 King Street West, Manchester, United Kingdom, M3 2PN.

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 represents amounts due in respect of legal services provided during the year, net of value added tax.

Services provided to clients during the year which, at the balance sheet date, have not been invoiced to clients have been recognised as turnover in accordance with FRS 102. Turnover recognised in this manner is based on an assessment of the fair value of services provided by the balance sheet date as a proportion of the total value of the engagement. Provision is made against unbilled amounts on those engagements where the right to receive payment is contingent on factors outside the control of the partnership.

Unbilled fee income is included as unbilled turnover within debtors. Provision is made against unbilled amounts on those engagements where the right to receive payment is contingent on factors outside the control of the company. Income on such contingent engagements is generally recognised when the contingent event is successful.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Computer equipment -33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


ET LAW LIMITED (REGISTERED NUMBER: 11254303)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash at bank and in hand. Bank overdrafts and bank loans are included within creditors.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 20 ) .

ET LAW LIMITED (REGISTERED NUMBER: 11254303)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st April 2022
and 31st March 2023 11,545
DEPRECIATION
At 1st April 2022 8,512
Charge for year 1,989
At 31st March 2023 10,501
NET BOOK VALUE
At 31st March 2023 1,044
At 31st March 2022 3,033

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 94,951 31,662
Other debtors 292,108 98,893
387,059 130,555

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 50,620 43,175
Trade creditors 241,351 145,841
Taxation and social security 322,113 113,249
Other creditors 661,936 146,928
1,276,020 449,193

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 52,943 103,563

ET LAW LIMITED (REGISTERED NUMBER: 11254303)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal value: 2023 2022
£ £
100 Ordinary £1.00 100 100
1 Ordinary A £1.00 1 1
1 Ordinary B £1.00 1 1
1 Ordinary C £1.00 1 1
1 Ordinary D £1.00 1 1
104 104

9. RELATED PARTY DISCLOSURES

On 1 October 2022, ET Law Limited acquired Abacus Solicitors LLP.