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REGISTERED NUMBER: SC419984 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

J & A Law (The Waterpoint) Ltd

J & A Law (The Waterpoint) Ltd (Registered number: SC419984)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J & A Law (The Waterpoint) Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mr A J Law
Mr J J Law





REGISTERED OFFICE: 2 Argyle Street
Stonehouse
Lanarkshire
ML9 3LL





REGISTERED NUMBER: SC419984 (Scotland)





ACCOUNTANTS: ICW Accountancy Ltd
15 St Leonard Street
Lanark
Lanarkshire
ML11 7AB

J & A Law (The Waterpoint) Ltd (Registered number: SC419984)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 2,144

CURRENT ASSETS
Stocks - 9,468
Debtors 5 18,925 46,157
Cash at bank 51,681 55,851
70,606 111,476
CREDITORS
Amounts falling due within one year 6 51,982 153,679
NET CURRENT ASSETS/(LIABILITIES) 18,624 (42,203 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,624

(40,059

)

PROVISIONS FOR LIABILITIES - (38 )

ACCRUALS AND DEFERRED INCOME - (2,842 )
NET ASSETS/(LIABILITIES) 18,624 (42,939 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 18,524 (43,039 )
SHAREHOLDERS' FUNDS 18,624 (42,939 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 & A Law (The Waterpoint) Ltd (Registered number: SC419984)

Balance Sheet - continued
31 August 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 2 January 2024 and were signed on its behalf by:





Mr J J Law - Director


J & A Law (The Waterpoint) Ltd (Registered number: SC419984)

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

1. STATUTORY INFORMATION

J & A Law (The Waterpoint) Ltd 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.

Preparation of consolidated financial statements
The financial statements contain information about J & A Law (The Waterpoint) Ltd as an individual company. The company is exempt under Section 400 of the companies Act 2006 from the requirements to prepare consolidated financial statements as its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, A & J Law Group Ltd, a company registered in Scotland.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Plant & Machinery - 25% Reducing Balance
Fixtures & Fittings - 25% Straight Line

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

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.

3. EMPLOYEES AND DIRECTORS

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

J & A Law (The Waterpoint) Ltd (Registered number: SC419984)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 17,578
Disposals (17,578 )
At 31 August 2023 -
DEPRECIATION
At 1 September 2022 15,434
Charge for year 437
Eliminated on disposal (15,871 )
At 31 August 2023 -
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 2,144

5. DEBTORS
31.8.23 31.8.22
£    £   
Amounts falling due within one year:
Trade debtors - 26,488
Other debtors 511 1,255
511 27,743

Amounts falling due after more than one year:
Other debtors 18,414 18,414

Aggregate amounts 18,925 46,157

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 1 1,527
Taxation and social security 11,602 2,066
Other creditors 40,379 150,086
51,982 153,679

J & A Law (The Waterpoint) Ltd (Registered number: SC419984)

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

7. RELATED PARTY DISCLOSURES

During the year the business paid a rent of £6,500 (2022: £6,500) to the Mr A Law's (Company Director) self invested personal pension, this was carried out on a normal commercial basis.

8. ULTIMATE CONTROLLING PARTY

The controlling party is A & J Law Group Ltd.