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REGISTERED NUMBER: 07696809 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023

FOR

DOMINIC LEVENT SOLICITORS LIMITED

DOMINIC LEVENT SOLICITORS LIMITED (REGISTERED NUMBER: 07696809)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DOMINIC LEVENT SOLICITORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTOR: L Hasan





REGISTERED OFFICE: 2nd Floor
1345 High Road
Whetstone
London
N20 9HR





REGISTERED NUMBER: 07696809 (England and Wales)





ACCOUNTANTS: Avraam Associates Limited
Chartered Accountants
495 Green Lanes
London
N13 4BS

DOMINIC LEVENT SOLICITORS LIMITED (REGISTERED NUMBER: 07696809)

BALANCE SHEET
31ST JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,880 2,507
1,880 2,507

CURRENT ASSETS
Debtors 6 259,661 221,019
Cash at bank and in hand 244,851 192,782
504,512 413,801
CREDITORS
Amounts falling due within one year 7 109,284 113,055
NET CURRENT ASSETS 395,228 300,746
TOTAL ASSETS LESS CURRENT LIABILITIES 397,108 303,253

PROVISIONS FOR LIABILITIES 8 469 626
NET ASSETS 396,639 302,627

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 396,637 302,625
SHAREHOLDERS' FUNDS 396,639 302,627

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DOMINIC LEVENT SOLICITORS LIMITED (REGISTERED NUMBER: 07696809)

BALANCE SHEET - continued
31ST JULY 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 director and authorised for issue on 5th April 2024 and were signed by:





L Hasan - Director


DOMINIC LEVENT SOLICITORS LIMITED (REGISTERED NUMBER: 07696809)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

1. STATUTORY INFORMATION

Dominic Levent Solicitors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Fee income represents revenue earned under a variety of contracts to provide professional services excluding value added tax.

Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of contractual obligations. For such contracts the amounts of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Fee income that is contingent on events outside the control of the practice is recognised when the contingent event occurs.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of three years.

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 each asset over its estimated useful life.
Plant and machinery etc - 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.


DOMINIC LEVENT SOLICITORS LIMITED (REGISTERED NUMBER: 07696809)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 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.

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 15 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st August 2022
and 31st July 2023 57,512
AMORTISATION
At 1st August 2022
and 31st July 2023 57,512
NET BOOK VALUE
At 31st July 2023 -
At 31st July 2022 -

DOMINIC LEVENT SOLICITORS LIMITED (REGISTERED NUMBER: 07696809)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st August 2022
and 31st July 2023 658 29,333 29,991
DEPRECIATION
At 1st August 2022 658 26,826 27,484
Charge for year - 627 627
At 31st July 2023 658 27,453 28,111
NET BOOK VALUE
At 31st July 2023 - 1,880 1,880
At 31st July 2022 - 2,507 2,507

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 121,707 101,079
Other debtors 137,954 119,940
259,661 221,019

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 106,284 102,366
Other creditors 3,000 10,689
109,284 113,055

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 469 626

Deferred
tax
£   
Balance at 1st August 2022 626
Credit to Income Statement during year (157 )
Balance at 31st July 2023 469

DOMINIC LEVENT SOLICITORS LIMITED (REGISTERED NUMBER: 07696809)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
L Hasan
Balance outstanding at start of year 1,655 -
Amounts advanced 20,414 75,471
Amounts repaid (4,875 ) (73,816 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,194 1,655