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REGISTERED NUMBER: 08751373 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Commercial And Business Lawyers Limited

Commercial And Business Lawyers Limited (Registered number: 08751373)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Commercial And Business Lawyers Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: B A Drewitt
M Gough





REGISTERED OFFICE: 7 Rhino Court Station View
Hazel Grove
Stockport
SK7 5ER





REGISTERED NUMBER: 08751373 (England and Wales)





ACCOUNTANTS: Lucas Reis Ltd
Chartered Accountants
Lansdowne House
85 Buxton Road
Stockport
Cheshire
SK2 6LR

Commercial And Business Lawyers Limited (Registered number: 08751373)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 800
Tangible assets 5 5,252 6,765
5,252 7,565

CURRENT ASSETS
Stocks 105,899 98,495
Debtors 6 154,951 122,488
Cash at bank and in hand 5,573 35,780
266,423 256,763
CREDITORS
Amounts falling due within one year 7 136,386 117,436
NET CURRENT ASSETS 130,037 139,327
TOTAL ASSETS LESS CURRENT
LIABILITIES

135,289

146,892

CREDITORS
Amounts falling due after more than one
year

8

(20,001

)

(30,001

)

PROVISIONS FOR LIABILITIES (998 ) (1,292 )
NET ASSETS 114,290 115,599

Commercial And Business Lawyers Limited (Registered number: 08751373)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 114,190 115,499
SHAREHOLDERS' FUNDS 114,290 115,599

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:





B A Drewitt - Director


Commercial And Business Lawyers Limited (Registered number: 08751373)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Commercial And Business Lawyers 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Work in progress
Work in progress is valued at the lower of cost and estimated fee chargeable less costs expected to be incurred to completion.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Commercial And Business Lawyers Limited (Registered number: 08751373)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 8,000
AMORTISATION
At 1 January 2023 7,200
Charge for year 800
At 31 December 2023 8,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 800

Commercial And Business Lawyers Limited (Registered number: 08751373)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 15,936
Additions 200
At 31 December 2023 16,136
DEPRECIATION
At 1 January 2023 9,171
Charge for year 1,713
At 31 December 2023 10,884
NET BOOK VALUE
At 31 December 2023 5,252
At 31 December 2022 6,765

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 139,691 112,469
Prepayments and accrued income 15,260 10,019
154,951 122,488

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Other loans 10,000 -
Trade creditors 14,940 23,151
Tax 7,016 15,998
Social security and other taxes 3,309 1,346
VAT 45,309 34,698
Other creditors - 267
Directors' current accounts 36,753 18,376
Accrued expenses 9,059 13,600
136,386 117,436

Commercial And Business Lawyers Limited (Registered number: 08751373)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 10,001 20,001
20,001 30,001

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100