IRIS Accounts Production v23.2.0.158 10429651 Board of Directors Board of Directors 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104296512022-10-31104296512023-10-31104296512022-11-012023-10-31104296512021-10-31104296512021-11-012022-10-31104296512022-10-3110429651ns10:Originalns15:EnglandWales2022-11-012023-10-3110429651ns14:PoundSterlingns10:Original2022-11-012023-10-3110429651ns10:Originalns10:Director12022-11-012023-10-3110429651ns10:Original2022-11-012023-10-3110429651ns10:Originalns10:Director22022-11-012023-10-3110429651ns10:Original2023-10-3110429651ns10:Originalns10:PrivateLimitedCompanyLtd2022-11-012023-10-3110429651ns10:Originalns10:SmallEntities2022-11-012023-10-3110429651ns10:Originalns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3110429651ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3110429651ns10:SmallCompaniesRegimeForAccountsns10:Original2022-11-012023-10-3110429651ns10:Originalns10:FullAccounts2022-11-012023-10-3110429651ns10:Originalns10:RegisteredOffice2022-11-012023-10-3110429651ns10:Original2022-10-3110429651ns10:Originalns5:CurrentFinancialInstruments2023-10-3110429651ns10:Originalns5:CurrentFinancialInstruments2022-10-3110429651ns10:Originalns5:Non-currentFinancialInstruments2023-10-3110429651ns10:Originalns5:Non-currentFinancialInstruments2022-10-3110429651ns5:ShareCapitalns10:Original2023-10-3110429651ns5:ShareCapitalns10:Original2022-10-3110429651ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-10-3110429651ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-10-3110429651ns10:Originalns5:PlantMachinery2022-11-012023-10-3110429651ns10:Original2021-11-012022-10-3110429651ns10:Originalns5:FurnitureFittings2022-10-3110429651ns10:Originalns5:MotorVehicles2022-10-3110429651ns10:Originalns5:ComputerEquipment2022-10-3110429651ns10:Original2022-10-3110429651ns10:Originalns5:FurnitureFittings2022-11-012023-10-3110429651ns10:Originalns5:MotorVehicles2022-11-012023-10-3110429651ns10:Originalns5:ComputerEquipment2022-11-012023-10-3110429651ns10:Originalns5:FurnitureFittings2023-10-3110429651ns10:Originalns5:MotorVehicles2023-10-3110429651ns10:Originalns5:ComputerEquipment2023-10-3110429651ns10:Originalns5:FurnitureFittings2022-10-3110429651ns10:Originalns5:MotorVehicles2022-10-3110429651ns10:Originalns5:ComputerEquipment2022-10-3110429651ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3110429651ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3110429651ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2023-10-3110429651ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2022-10-3110429651ns10:Originalns5:DeferredTaxation2022-10-3110429651ns10:Originalns5:DeferredTaxation2022-11-012023-10-3110429651ns10:Originalns5:DeferredTaxation2023-10-3110429651ns10:Original1ns10:Director12022-10-3110429651ns10:Original1ns10:Director12021-10-3110429651ns10:Original1ns10:Director12022-11-012023-10-3110429651ns10:Original1ns10:Director12021-11-012022-10-3110429651ns10:Original1ns10:Director12023-10-3110429651ns10:Original1ns10:Director12022-10-31
REGISTERED NUMBER: 10429651 (England and Wales)















Financial Statements for the Year Ended 31 October 2023

for

Wilfrids Law Limited

Wilfrids Law Limited (Registered number: 10429651)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 5


Wilfrids Law Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr Mohammed Waqar Ali
Mrs Nighat Iqbal Malik





REGISTERED OFFICE: Wilfrids Law Legend House
171-173 Sunbridge Road
Bradford
BD1 2HB





REGISTERED NUMBER: 10429651 (England and Wales)





ACCOUNTANTS: Abraham Accountants
Sher House
46 Houghton Place
Bradford
West Yorkshire
BD1 3RG

Wilfrids Law Limited (Registered number: 10429651)

Balance Sheet
31 October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 300,006 236,358

CURRENT ASSETS
Debtors 5 35,904 39,629
Cash at bank and in hand 583,611 2,098,052
619,515 2,137,681
CREDITORS
Amounts falling due within one year 6 (686,340 ) (2,154,384 )
NET CURRENT LIABILITIES (66,825 ) (16,703 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

233,181

219,655

CREDITORS
Amounts falling due after more than
one year

7

(52,893

)

(69,254

)

PROVISIONS FOR LIABILITIES 8 (13,459 ) (11,567 )
NET ASSETS 166,829 138,834

Wilfrids Law Limited (Registered number: 10429651)

Balance Sheet - continued
31 October 2023

2023 2022
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 166,729 138,734
SHAREHOLDERS' FUNDS 166,829 138,834

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Wilfrids Law Limited (Registered number: 10429651)

Balance Sheet - continued
31 October 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 6 March 2024 and were signed on its behalf by:




Mr Mohammed Waqar Ali - Director



Mrs Nighat Iqbal Malik - Director


Wilfrids Law Limited (Registered number: 10429651)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Wilfrids 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
Revenue 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.
Plant and machinery etc - 25% on cost and 20% 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.


Wilfrids Law Limited (Registered number: 10429651)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

Wilfrids Law Limited (Registered number: 10429651)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 56,201 214,220 10,172 280,593
Additions 7,732 243,241 - 250,973
Disposals - (150,675 ) - (150,675 )
At 31 October 2023 63,933 306,786 10,172 380,891
DEPRECIATION
At 1 November 2022 34,075 3,950 6,210 44,235
Charge for year 5,970 30,284 396 36,650
At 31 October 2023 40,045 34,234 6,606 80,885
NET BOOK VALUE
At 31 October 2023 23,888 272,552 3,566 300,006
At 31 October 2022 22,126 210,270 3,962 236,358

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Trade debtors 35,904 38,949
VAT - 680
35,904 39,629

Wilfrids Law Limited (Registered number: 10429651)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Trade creditors 295,231 197,961
Tax 9,365 956
VAT 8,417 -
Client balances 354,910 1,940,964
Directors' current accounts 3,914 -
Accrued expenses 14,503 14,503
686,340 2,154,384

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 52,893 69,254

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 13,459 11,567

Deferred
tax
£   
Balance at 1 November 2022 11,567
Charge to Income Statement during year 1,892
Balance at 31 October 2023 13,459

Wilfrids Law Limited (Registered number: 10429651)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
Mr Mohammed Waqar Ali
Balance outstanding at start of year - 5,565
Amounts repaid - (5,565 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Director's loan is repayable on demand