Company Registration No. 10256361 (England and Wales)
A & Y law Ltd
Unaudited accounts
for the year ended 31 July 2023
A & Y law Ltd
Unaudited accounts
Contents
A & Y law Ltd
Company Information
for the year ended 31 July 2023
Directors
Mr Yash Babulal Dubal
Parvez Amir Mohamed Khan
Company Number
10256361 (England and Wales)
Registered Office
Holborn Gate
330 High Holborn
London
London
WC1V 7QT
England
Accountants
Flexi Consultancy Ltd
Suite 50
238 Merton High Street
Wimbledon
London
England
SW19 1AU
A & Y law Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
28,986
(1)
Cash at bank and in hand
417,774
290,918
Creditors: amounts falling due within one year
(514,686)
(369,800)
Net current assets
393,743
373,033
Net assets
422,729
373,032
Called up share capital
1,000
1,000
Profit and loss account
421,729
372,032
Shareholders' funds
422,729
373,032
For the year ending 31 July 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2024 and were signed on its behalf by
Mr Yash Babulal Dubal
Director
Company Registration No. 10256361
A & Y law Ltd
Notes to the Accounts
for the year ended 31 July 2023
A & Y law Ltd is a private company, limited by shares, registered in England and Wales, registration number 10256361. The registered office is Holborn Gate, 330 High Holborn, London, London, WC1V 7QT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Basic financial instruments are recognised at fair value.
A & Y law Ltd
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 August 2022
4,371
-
4,371
At 31 July 2023
4,371
43,478
47,849
At 1 August 2022
4,372
-
4,372
Charge for the year
-
14,491
14,491
At 31 July 2023
4,372
14,491
18,863
At 31 July 2023
(1)
28,987
28,986
Amounts falling due within one year
Trade debtors
88,196
59,369
Amounts due from group undertakings etc.
378,353
378,353
Accrued income and prepayments
4,250
-
Other debtors
19,856
14,193
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
37,753
44,379
Taxes and social security
139,600
100,734
Loans from directors
151,000
151,000
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
The debt of £151,000 to Mr Arjun Babulal Dubal is being disputed. During the year, on 29/02/2020, Mr Arjun Babulal Dubal resigned from his directorship and has no connection with the company since then.
On 5th May 2021, Yash Dubal assigned to A & Y Law Limited all its rights, title, interest and benefits in and to the debt of £205,000.
A & Y law Ltd
Notes to the Accounts
for the year ended 31 July 2023
A & Y Immigration Law Ltd is a parent company by virtue of it's 100% shareholding of A & Y Law Ltd. The directors have taken exemptions available under Companies Act 2006 which exempts group from preparing consolidation accounts.
A & Y Immigration Law Ltd's accounts are available at the company's registered office and at the companies house database.
10
Average number of employees
During the year the average number of employees was 14 (2022: 14).