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REGISTERED NUMBER: 09638924 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

LS LAW LIMITED

LS LAW LIMITED (REGISTERED NUMBER: 09638924)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LS LAW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: W H Lloyd-Goodwin





REGISTERED OFFICE: 167-169 Great Portland Street
London
W1W 5PF





REGISTERED NUMBER: 09638924 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

LS LAW LIMITED (REGISTERED NUMBER: 09638924)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 96,999 28,864

CURRENT ASSETS
Debtors 5 327,652 217,658
Cash at bank 261,822 144,499
589,474 362,157
CREDITORS
Amounts falling due within one year 6 279,142 196,149
NET CURRENT ASSETS 310,332 166,008
TOTAL ASSETS LESS CURRENT
LIABILITIES

407,331

194,872

CREDITORS
Amounts falling due after more than one
year

7

(36,065

)

(41,096

)

PROVISIONS FOR LIABILITIES - (1,000 )
NET ASSETS 371,266 152,776

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 371,265 152,775
371,266 152,776

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 director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2023 and were signed by:




W H Lloyd-Goodwin - Director


LS LAW LIMITED (REGISTERED NUMBER: 09638924)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

LS 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.

Changes in accounting policies, estimates and errors
As of 1 July 2022, the depreciation accounting policy for Motor Vehicles has changed from 33% straight line to 20% reducing balance.

This change has been applied prospectively to all new assets purchased under Motor Vehicles, in accordance with FRS102 1A, and has had no affect on the comparative period, as all Motor Vehicles purchased prior to this date have been disposed during the current period.

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.
Short leasehold - over the term of the lease
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

LS LAW LIMITED (REGISTERED NUMBER: 09638924)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued

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.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES

The average number of employees during the year was 1 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2022 7,944 3,172 3,649 25,000 39,765
Additions - - 28,036 73,978 102,014
Disposals (7,944 ) (3,172 ) - (25,000 ) (36,116 )
At 30 June 2023 - - 31,685 73,978 105,663
DEPRECIATION
At 1 July 2022 392 1,142 1,034 8,333 10,901
Charge for year - - 2,698 4,932 7,630
Eliminated on disposal (392 ) (1,142 ) - (8,333 ) (9,867 )
At 30 June 2023 - - 3,732 4,932 8,664
NET BOOK VALUE
At 30 June 2023 - - 27,953 69,046 96,999
At 30 June 2022 7,552 2,030 2,615 16,667 28,864

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 239,440 110,533
Other debtors 76,165 23,000
Prepayments and accrued income 12,047 84,125
327,652 217,658

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,031 4,907
Trade creditors 96,989 32,977
Tax 81,484 38,226
VAT 27,100 31,535
Other creditors 24,600 13,989
Directors' current accounts 1,198 28,090
Accruals and deferred income 42,740 46,425
279,142 196,149

LS LAW LIMITED (REGISTERED NUMBER: 09638924)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,158 5,031
Bank loans - 2-5 years 27,767 27,130
Bank loans more 5 yr by instal 3,140 8,935
36,065 41,096

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,140 8,935

8. RELATED PARTY TRANSACTIONS

Companies under common control

Amounts
due from
£
Opening balance 20,000
Amounts advanced 16,465
Amounts repaid (2,000 )
Closing balance 34,465

These balances relate to a company wholly owned by a director's son. These balances were included in debtors.