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REGISTERED NUMBER: 07242768 (England and Wales)



















Lexicon Law Limited

Unaudited Financial Statements

for the Year Ended 30 April 2023






Lexicon Law Limited (Registered number: 07242768)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lexicon Law Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: Mrs A Prinjha





REGISTERED OFFICE: 5 Clarendon Place
Leamington Spa
Warwickshire
CV32 5QL





REGISTERED NUMBER: 07242768 (England and Wales)





ACCOUNTANTS: Moffat Gilbert
5 Clarendon Place
Leamington Spa
Warwickshire
CV32 5QL

Lexicon Law Limited (Registered number: 07242768)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 707 846
707 846

CURRENT ASSETS
Debtors 6 - 9,840
Cash at bank 247,724 261,596
247,724 271,436
CREDITORS
Amounts falling due within one year 7 100,080 99,766
NET CURRENT ASSETS 147,644 171,670
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,351

172,516

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 148,251 172,416
SHAREHOLDERS' FUNDS 148,351 172,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 January 2024 and were signed by:




Mrs A Prinjha - Director


Lexicon Law Limited (Registered number: 07242768)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Lexicon 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised over its estimated useful life and is written off over the period expected to benefit from the expenditure.The director regularly reviews this and the write off is adjusted accordingly.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 15% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year 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.

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 year was 1 (2022 - 1 ) .

Lexicon Law Limited (Registered number: 07242768)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 150,000
AMORTISATION
At 1 May 2022
and 30 April 2023 150,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Office and Computer
equipment fittings equipment Totals
£    £    £    £   
COST
At 1 May 2022 1,475 1,448 3,343 6,266
Additions - - 257 257
At 30 April 2023 1,475 1,448 3,600 6,523
DEPRECIATION
At 1 May 2022 1,475 1,448 2,497 5,420
Charge for year - - 396 396
At 30 April 2023 1,475 1,448 2,893 5,816
NET BOOK VALUE
At 30 April 2023 - - 707 707
At 30 April 2022 - - 846 846

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors - 9,840

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Taxation and social security - 6,837
Other creditors 100,080 92,929
100,080 99,766

Lexicon Law Limited (Registered number: 07242768)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 May 2022 172,416
Deficit for the year (24,165 )
At 30 April 2023 148,251