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REGISTERED NUMBER: 07865032 (England and Wales)














PUDSEY LEGAL SERVICES LTD

FINANCIAL STATEMENTS

FOR THE PERIOD

29 SEPTEMBER 2021 TO 28 MARCH 2023






PUDSEY LEGAL SERVICES LTD (REGISTERED NUMBER: 07865032)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 SEPTEMBER 2021 TO 28 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PUDSEY LEGAL SERVICES LTD

COMPANY INFORMATION
FOR THE PERIOD 29 SEPTEMBER 2021 TO 28 MARCH 2023







DIRECTORS: P G Kaye
Mrs C L Monaghan
Mrs L K Lyons





REGISTERED OFFICE: Cringlebar House
415 Bradford Road
Pudsey
West Yorkshire
LS28 7HQ





REGISTERED NUMBER: 07865032 (England and Wales)






PUDSEY LEGAL SERVICES LTD (REGISTERED NUMBER: 07865032)

BALANCE SHEET
28 MARCH 2023

2023 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,265 9,785
7,265 9,785

CURRENT ASSETS
Work in progress 8,400 8,400
Debtors 6 178,705 147,306
Cash at bank and in hand 903 81,791
188,008 237,497
CREDITORS
Amounts falling due within one year 7 176,401 144,328
NET CURRENT ASSETS 11,607 93,169
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,872

102,954

CREDITORS
Amounts falling due after more than one
year

8

25,779

41,807
NET (LIABILITIES)/ASSETS (6,907 ) 61,147

CAPITAL AND RESERVES
Called up share capital 60,000 60,000
Loan instruments 33,807 80,000
Retained earnings (100,714 ) (78,853 )
SHAREHOLDERS' FUNDS (6,907 ) 61,147

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 March 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.

PUDSEY LEGAL SERVICES LTD (REGISTERED NUMBER: 07865032)

BALANCE SHEET - continued
28 MARCH 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 19 January 2024 and were signed on its behalf by:





P G Kaye - Director


PUDSEY LEGAL SERVICES LTD (REGISTERED NUMBER: 07865032)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 SEPTEMBER 2021 TO 28 MARCH 2023

1. STATUTORY INFORMATION

Pudsey Legal Services Ltd 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.

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.

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest pound.

The accounts have been prepared on the going concern basis due to the ongoing support from its directors.

Turnover
Turnover represents net invoiced fees, excluding value added tax, together with amounts due under contract.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Government grants
The company received government grants in respect of coronavirus support. These grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the performance model.

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

PUDSEY LEGAL SERVICES LTD (REGISTERED NUMBER: 07865032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 SEPTEMBER 2021 TO 28 MARCH 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e.cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

Taxation
Taxation for the period 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 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 period 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.

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 period was 14 (2021 - 15 ) .

PUDSEY LEGAL SERVICES LTD (REGISTERED NUMBER: 07865032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 SEPTEMBER 2021 TO 28 MARCH 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 29 September 2021
and 28 March 2023 790,000
AMORTISATION
At 29 September 2021
and 28 March 2023 790,000
NET BOOK VALUE
At 28 March 2023 -
At 28 September 2021 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 29 September 2021
and 28 March 2023 42,137
DEPRECIATION
At 29 September 2021 32,352
Charge for period 2,520
At 28 March 2023 34,872
NET BOOK VALUE
At 28 March 2023 7,265
At 28 September 2021 9,785

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Trade debtors 79,466 98,792
Amounts recoverable on contract 37,750 12,962
Other debtors 61,489 35,552
178,705 147,306

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Bank loans and overdrafts 49,185 10,000
Trade creditors 77,250 49,390
Taxation and social security 20,185 32,163
Other creditors 29,781 52,775
176,401 144,328

PUDSEY LEGAL SERVICES LTD (REGISTERED NUMBER: 07865032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 SEPTEMBER 2021 TO 28 MARCH 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2021
£    £   
Bank loans 25,779 40,000
Other creditors - 1,807
25,779 41,807

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2021
£    £   
Within one year 21,000 21,000
Between one and five years 12,250 43,750
33,250 64,750

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 28 March 2023 and 28 September 2021:

2023 2021
£    £   
P G Kaye
Balance outstanding at start of period - -
Amounts advanced 16,457 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 16,457 -

11. COVID-19

Government grant income shown in the profit and loss account is as follows:

28.3.23 28.9.21
£ £   
Coronavirus job retention scheme - 20,649
Interest on Bounce back loan - 1,250
- 21,899