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REGISTERED NUMBER: 04452818



Financial Statements for the Year Ended 30 June 2023

for

Community Law Clinic Solicitors Ltd

Community Law Clinic Solicitors Ltd (Registered number: 04452818)

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










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6

Report of the Accountants 7

Community Law Clinic Solicitors Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mrs A Bains
Mr A Yavuz





REGISTERED OFFICE: 21 Lonsdale Road
Queens Park
London
NW6 6RA





REGISTERED NUMBER: 04452818





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

Community Law Clinic Solicitors Ltd (Registered number: 04452818)

Statement of Financial Position
30 June 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,294 6,394

CURRENT ASSETS
Work in progress 5 70,451 129,395
Debtors 6 86,822 94,084
Cash at bank and in hand 2,514,092 3,927,956
2,671,365 4,151,435
CREDITORS
Amounts falling due within one year 7 (2,639,953 ) (4,058,396 )
NET CURRENT ASSETS 31,412 93,039
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,706

99,433

CREDITORS
Amounts falling due after more than one year 8 (78,516 ) (114,503 )
NET LIABILITIES (42,810 ) (15,070 )

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 11 (42,820 ) (15,080 )
SHAREHOLDERS' FUNDS (42,810 ) (15,070 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Community Law Clinic Solicitors Ltd (Registered number: 04452818)

Statement of Financial Position - continued
30 June 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 11 March 2024 and were signed on its behalf by:





Mrs A Bains - Director


Community Law Clinic Solicitors Ltd (Registered number: 04452818)

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


1. STATUTORY INFORMATION

Community Law Clinic Solicitors Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 4 (2022 - 5 ) .

Community Law Clinic Solicitors Ltd (Registered number: 04452818)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 33,217 117,066 150,283
DEPRECIATION
At 1 July 2022 33,094 110,795 143,889
Charge for year 31 2,069 2,100
At 30 June 2023 33,125 112,864 145,989
NET BOOK VALUE
At 30 June 2023 92 4,202 4,294
At 30 June 2022 123 6,271 6,394

5. WORK IN PROGRESS
30.6.23 30.6.22
£    £   
Work-in-progress 70,451 129,395

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 19,668 13,231
Other debtors 7,500 7,500
LSC Commission 59,654 73,353
86,822 94,084

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Client ledger balances 2,513,197 3,924,790
Trade creditors 12,697 21,128
Tax 15,058 20,101
Social security and other taxes 583 3,147
Net salaries 8,505 11,070
VAT 1,372 16,843
Directors' current accounts 85,641 58,417
Accrued expenses 2,900 2,900
2,639,953 4,058,396

Community Law Clinic Solicitors Ltd (Registered number: 04452818)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans (see note 9) 78,516 114,503

9. LOANS

An analysis of the maturity of loans is given below:

30.6.23 30.6.22
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 78,516 114,503

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1 10 10

11. RESERVES
Retained
earnings
£   

At 1 July 2022 (15,080 )
Profit for the year 60,326
Dividends (88,066 )
At 30 June 2023 (42,820 )

Community Law Clinic Solicitors Ltd

Report of the Accountants to the Directors of
Community Law Clinic Solicitors Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 June 2023 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ


Date: .............................................