SCOTLAW BUSINESS SERVICES LIMITED

Company Registration Number:
SC245356 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

SCOTLAW BUSINESS SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Additional notes
Balance sheet notes

SCOTLAW BUSINESS SERVICES LIMITED

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 243 324
Total fixed assets: 243 324
Current assets
Debtors: 4 178,737 189,193
Cash at bank and in hand: 197 182
Total current assets: 178,934 189,375
Creditors: amounts falling due within one year: 5 ( 40,980 ) ( 57,105 )
Net current assets (liabilities): 137,954 132,270
Total assets less current liabilities: 138,197 132,594
Creditors: amounts falling due after more than one year: 6 ( 12,750 ) ( 12,750 )
Provision for liabilities: ( 110 ) ( 110 )
Total net assets (liabilities): 125,337 119,734
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 125,336 119,733
Total Shareholders' funds: 125,337 119,734

The notes form part of these financial statements

SCOTLAW BUSINESS SERVICES LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 29 March 2024
and signed on behalf of the board by:

Name: C Dunn
Status: Director

The notes form part of these financial statements

SCOTLAW BUSINESS SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services supplied.

    Tangible fixed assets depreciation policy

    Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent impairment losses.

    Other accounting policies

    Corporation TaxThe taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred taxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing differenceFinancial instrumentsBasic financial instruments are recognised at amortised cost, except for investments in nonconvertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.Going concern After reviewing the forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing it financial statements.

SCOTLAW BUSINESS SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 2

SCOTLAW BUSINESS SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 8,527 8,527
Additions
Disposals
Revaluations
Transfers
At 31 March 2023 8,527 8,527
Depreciation
At 1 April 2022 8,203 8,203
Charge for year 81 81
On disposals
Other adjustments
At 31 March 2023 8,284 8,284
Net book value
At 31 March 2023 243 243
At 31 March 2022 324 324

SCOTLAW BUSINESS SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Debtors

2023 2022
£ £
Trade debtors 5,000 5,290
Other debtors 173,737 183,903
Total 178,737 189,193

SCOTLAW BUSINESS SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 2,419 5,794
Other creditors 38,561 51,311
Total 40,980 57,105

SCOTLAW BUSINESS SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 12,750 12,750
Total 12,750 12,750