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REGISTERED NUMBER: 03230122 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Scott - Law Limited

Scott - Law Limited (Registered number: 03230122)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Scott - Law Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mr T N Scott
Mrs C J G Scott
Mr M A Burrough





SECRETARY: Mrs C J G Scott





REGISTERED OFFICE: Scott-Law House
Lynch Road
BERKELEY
Gloucestershire
GL13 9TA





REGISTERED NUMBER: 03230122 (England and Wales)





ACCOUNTANTS: A C Mole
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

Scott - Law Limited (Registered number: 03230122)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,345 44,085

CURRENT ASSETS
Stocks 43,060 69,598
Debtors 5 1,778,491 1,605,544
Cash at bank and in hand 400,681 376,429
2,222,232 2,051,571
CREDITORS
Amounts falling due within one year 6 496,788 544,601
NET CURRENT ASSETS 1,725,444 1,506,970
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,750,789

1,551,055

CREDITORS
Amounts falling due after more than one
year

7

18,214

28,271
NET ASSETS 1,732,575 1,522,784

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 1,682,575 1,472,784
SHAREHOLDERS' FUNDS 1,732,575 1,522,784

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.

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 26 February 2024 and were signed on its behalf by:





Mr T N Scott - Director


Scott - Law Limited (Registered number: 03230122)

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

1. STATUTORY INFORMATION

Scott - Law 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Leasehold improvements - Straight line over 10 years
Plant and machinery etc - 33% on cost, 25% on reducing balance, between 10% and 25% on cost and 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only has financial assets and liabilities that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at settlement value.

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.

The company also contributes to the director's personal pension plans.

Scott - Law Limited (Registered number: 03230122)

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

2. ACCOUNTING POLICIES - continued

Rental income
Rental income is recognised on a straight-line basis over the term of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Leasehold Plant and Motor Office
improvements machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 62,610 59,181 117,965 106,181 345,937
Additions - - - 2,586 2,586
At 30 September 2023 62,610 59,181 117,965 108,767 348,523
DEPRECIATION
At 1 October 2022 62,610 50,703 84,097 104,442 301,852
Charge for year - 1,022 18,804 1,500 21,326
At 30 September 2023 62,610 51,725 102,901 105,942 323,178
NET BOOK VALUE
At 30 September 2023 - 7,456 15,064 2,825 25,345
At 30 September 2022 - 8,478 33,868 1,739 44,085

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 280,486 409,764
Other debtors - 600
Prepayments and accrued income 39,547 42,680
320,033 453,044

Amounts falling due after more than one year:
Other debtors 1,458,458 1,152,500

Aggregate amounts 1,778,491 1,605,544

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,056 9,808
Hire purchase contracts (see note 8) - 4,751
Trade creditors 280,084 264,021
Corporation tax 66,531 54,501
Social security and other taxes 67,687 92,132
Other creditors 258 37,973
Deferred income 4,275 4,275
Accrued expenses 67,897 77,140
496,788 544,601

Scott - Law Limited (Registered number: 03230122)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 18,214 28,271

Included within bank loans is a loan facility under the BBLS provisions taken out as a result of the Covid-19 pandemic. This loan, which includes a 12 month interest and capital repayment holiday, carries interest at a fixed rate of 2.5% and is repayable in 60 monthly instalments from June 2021.

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year - 4,751

Non-cancellable operating leases
2023 2022
£    £   
Within one year 90,382 88,250
Between one and five years 119,249 166,225
209,631 254,475

9. DONATIONS

The donations expense shown in the accounts is £9,644 (2022: £650)