Judicare Legal Services Limited 06726785 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is that of acting as introducer to legal advise in respect of property disputes. Digita Accounts Production Advanced 6.30.9574.0 true true 06726785 2022-09-01 2023-08-31 06726785 2023-08-31 06726785 bus:Director2 1 2023-08-31 06726785 bus:Original 2023-08-31 06726785 core:CurrentFinancialInstruments 2023-08-31 06726785 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 06726785 core:FurnitureFittings 2023-08-31 06726785 core:OfficeEquipment 2023-08-31 06726785 bus:SmallEntities 2022-09-01 2023-08-31 06726785 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 06726785 bus:FullAccounts 2022-09-01 2023-08-31 06726785 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 06726785 bus:RegisteredOffice 2022-09-01 2023-08-31 06726785 bus:Director2 2022-09-01 2023-08-31 06726785 bus:Director2 1 2022-09-01 2023-08-31 06726785 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 06726785 core:ComputerEquipment 2022-09-01 2023-08-31 06726785 core:FurnitureFittings 2022-09-01 2023-08-31 06726785 core:FurnitureFittingsToolsEquipment 2022-09-01 2023-08-31 06726785 core:OfficeEquipment 2022-09-01 2023-08-31 06726785 core:OtherRelatedParties 2022-09-01 2023-08-31 06726785 countries:EnglandWales 2022-09-01 2023-08-31 06726785 2022-08-31 06726785 bus:Director2 1 2022-08-31 06726785 core:FurnitureFittings 2022-08-31 06726785 core:OfficeEquipment 2022-08-31 06726785 2021-09-01 2022-08-31 06726785 2022-08-31 06726785 bus:Director2 1 2022-08-31 06726785 core:CurrentFinancialInstruments 2022-08-31 06726785 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 06726785 core:FurnitureFittings 2022-08-31 06726785 core:OfficeEquipment 2022-08-31 06726785 bus:Director2 1 2021-09-01 2022-08-31 06726785 bus:Director2 1 2021-08-31 iso4217:GBP xbrli:pure

Registration number: 06726785

Judicare Legal Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2023

 

Judicare Legal Services Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 6

 

Judicare Legal Services Limited

(Registration number: 06726785)
Statement of Financial Position as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

617

805

Current assets

 

Debtors

5

40,179

42,918

Cash at bank and in hand

 

3,021

1,148

 

43,200

44,066

Creditors: Amounts falling due within one year

6

(3,119)

(2,804)

Net current assets

 

40,081

41,262

Total assets less current liabilities

 

40,698

42,067

Provisions for liabilities

(117)

(153)

Net assets

 

40,581

41,914

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

40,481

41,814

Shareholders' funds

 

40,581

41,914

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 9 February 2024
 

.........................................
Mr N A Heaney
Director

 

Judicare Legal Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Plym House
3 Longbridge Road
Marsh Mills
Plymouth
Devon
PL6 8LT

Principal activity

The principal activity of the company is that of acting as introducer to legal advise in respect of property disputes.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

 

Judicare Legal Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

25% Reducing Balance

Fixtures & Fittings

20% Reducing Balance

 

Judicare Legal Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023 (continued)

2

Accounting policies (continued)

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Judicare Legal Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023 (continued)

4

Tangible assets

Fixtures and fittings
£

Computer equipment
£

Total
£

Cost or valuation

At 1 September 2022

1,974

3,214

5,188

At 31 August 2023

1,974

3,214

5,188

Depreciation

At 1 September 2022

1,700

2,683

4,383

Charge for the year

55

133

188

At 31 August 2023

1,755

2,816

4,571

Carrying amount

At 31 August 2023

219

398

617

At 31 August 2022

274

531

805

5

Debtors

Note

2023
£

2022
£

Amounts owed by related parties

8

39,961

42,461

Other debtors

 

-

211

Prepayments

 

218

246

 

40,179

42,918

 

Judicare Legal Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023 (continued)

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

1,404

1,137

Accruals and deferred income

1,345

1,340

Other creditors

370

327

3,119

2,804

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

8

Related party transactions

Transactions with the director

2023

At 1 September 2022
£

Advances to director
£

Repayments by director
£

At 31 August 2023
£

Director

(229)

4,329

(4,312)

(212)

         
       

 

2022

At 1 September 2021
£

Advances to director
£

At 31 August 2022
£

Director

(17)

(212)

(229)

       
     

 

Summary of transactions with other related parties

Judicare Legal Services Limited has made a loan to another company of which the director has a controlling interest. At the year end £39,961 (2022: £42,461) was outstanding. The loan is interest free and repayable on demand.