Caseware UK (AP4) 2023.0.135 2023.0.135 2022-07-01falseNo description of principal activity1212truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10031723 2022-07-01 2023-06-30 10031723 2021-07-01 2022-06-30 10031723 2023-06-30 10031723 2022-06-30 10031723 c:CompanySecretary1 2022-07-01 2023-06-30 10031723 c:Director1 2022-07-01 2023-06-30 10031723 c:RegisteredOffice 2022-07-01 2023-06-30 10031723 d:ComputerEquipment 2022-07-01 2023-06-30 10031723 d:ComputerEquipment 2023-06-30 10031723 d:ComputerEquipment 2022-06-30 10031723 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 10031723 d:CurrentFinancialInstruments 2023-06-30 10031723 d:CurrentFinancialInstruments 2022-06-30 10031723 d:Non-currentFinancialInstruments 2023-06-30 10031723 d:Non-currentFinancialInstruments 2022-06-30 10031723 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10031723 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 10031723 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 10031723 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 10031723 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 10031723 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-06-30 10031723 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 10031723 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-06-30 10031723 d:ShareCapital 2023-06-30 10031723 d:ShareCapital 2022-06-30 10031723 d:RetainedEarningsAccumulatedLosses 2023-06-30 10031723 d:RetainedEarningsAccumulatedLosses 2022-06-30 10031723 c:OrdinaryShareClass1 2022-07-01 2023-06-30 10031723 c:OrdinaryShareClass1 2023-06-30 10031723 c:OrdinaryShareClass1 2022-06-30 10031723 c:FRS102 2022-07-01 2023-06-30 10031723 c:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 10031723 c:FullAccounts 2022-07-01 2023-06-30 10031723 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10031723










Miles Fanning Legal Services Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 June 2023

 
Miles Fanning Legal Services Limited
 

Company Information


Director
M A Fanning 




Company secretary
M A Fanning



Registered number
10031723



Registered office
150 Minories

London

EC3N 1LS




Accountants
Kreston Reeves LLP
Chartered Accountants

Springfield House

Springfield Road

Horsham

West Sussex

RH12 2RG





 
Miles Fanning Legal Services Limited
 

Contents



Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 7


 
Miles Fanning Legal Services Limited
 
  
Chartered accountants' report to the director on the preparation of the unaudited statutory financial statements of Miles Fanning Legal Services Limited for the year ended 30 June 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Miles Fanning Legal Services Limited for the year ended 30 June 2023 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Miles Fanning Legal Services Limited in accordance with the terms of our engagement letter dated 29 June 2022Our work has been undertaken solely to prepare for your approval the financial statements of Miles Fanning Legal Services Limited  and state those matters that we have agreed to state to the director of Miles Fanning Legal Services Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Miles Fanning Legal Services Limited and its director for our work or for this report. 

It is your duty to ensure that Miles Fanning Legal Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Miles Fanning Legal Services Limited. You consider that Miles Fanning Legal Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Miles Fanning Legal Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
6 February 2024
Page 1

 
Miles Fanning Legal Services Limited
Registered number: 10031723

Balance sheet
As at 30 June 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
11,899
3,627

  
11,899
3,627

Current assets
  

Debtors: amounts falling due within one year
 5 
498,698
447,333

Cash at bank and in hand
  
336,800
472,223

  
835,498
919,556

Creditors: amounts falling due within one year
 6 
(164,244)
(232,858)

Net current assets
  
 
 
671,254
 
 
686,698

Total assets less current liabilities
  
683,153
690,325

Creditors: amounts falling due after more than one year
 7 
(18,333)
(28,333)

  

Net assets
  
664,820
661,992


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
664,819
661,991

  
664,820
661,992


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


................................................
M A Fanning
Director
Date: 5 February 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
Miles Fanning Legal Services Limited
 

 
Notes to the financial statements
For the year ended 30 June 2023

1.


General information

Miles Fanning Legal Services Limited is a company limited by shares  incorporated in England within the  United Kingdom.  The address of the registered office is given in the company information at the beginning of these financial statements.  
The financial statements are presented in Sterling which is the functional currency of the company and are rounded to the nearest £1.
 
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
Miles Fanning Legal Services Limited
 

 
Notes to the financial statements
For the year ended 30 June 2023

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%
per annum

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

  
2.7

Financial Instruments

The Company only enters into financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
Miles Fanning Legal Services Limited
 

 
Notes to the financial statements
For the year ended 30 June 2023

2.Accounting policies (continued)

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.11

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.12

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2022 - 12).

Page 5

 
Miles Fanning Legal Services Limited
 

 
Notes to the financial statements
For the year ended 30 June 2023

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 July 2022
104,758


Additions
11,107



At 30 June 2023

115,865



Depreciation


At 1 July 2022
101,131


Charge for the year on owned assets
2,835



At 30 June 2023

103,966



Net book value



At 30 June 2023
11,899



At 30 June 2022
3,627


5.


Debtors

2023
2022
£
£


Trade debtors
169,165
140,786

Other debtors
83,074
81,974

Prepayments and accrued income
246,459
224,573

498,698
447,333



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,834
10,834

Trade creditors (secured)
6,364
17,748

Corporation tax
28,767
79,968

Other taxation and social security
108,144
115,140

Other creditors
3,635
2,818

Accruals and deferred income
6,500
6,350

164,244
232,858


Page 6

 
Miles Fanning Legal Services Limited
 

 
Notes to the financial statements
For the year ended 30 June 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
18,333
28,333

18,333
28,333



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,834
10,834


10,834
10,834

Amounts falling due 1-2 years

Bank loans
10,833
10,833


10,833
10,833

Amounts falling due 2-5 years

Bank loans
7,500
17,500


7,500
17,500


29,167
39,167



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1
1
1



10.


Pension commitments

During the period the company paid contributions of £75,401 (2022: £75,346) to a defined contribution scheme on behalf of its employees. At the year end there was £nil balance outstanding in relation to pension contribution. 


Page 7