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REGISTERED NUMBER: 08263090 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

H E Law Ltd

H E Law Ltd (Registered number: 08263090)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H E Law Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mrs N E Palfrey
J A HollingsworthPalfrey





REGISTERED OFFICE: 24 Shepherds Bush Road
LONDON
W6 7PJ





REGISTERED NUMBER: 08263090 (England and Wales)





ACCOUNTANTS: Thomas Croft Limited
Accountants And Taxation Consultants
Solent House
107a Alma Road
Portswood
Southampton
Hampshire
SO14 6UY

H E Law Ltd (Registered number: 08263090)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,442 4,707
4,442 4,707

CURRENT ASSETS
Stocks 6 17,500 17,500
Debtors 7 887,762 868,179
Cash at bank 5,623 2,575
910,885 888,254
CREDITORS
Amounts falling due within one year 8 394,783 372,735
NET CURRENT ASSETS 516,102 515,519
TOTAL ASSETS LESS CURRENT
LIABILITIES

520,544

520,226

CREDITORS
Amounts falling due after more than one
year

9

87,872

229,290
NET ASSETS 432,672 290,936

H E Law Ltd (Registered number: 08263090)

Balance Sheet - continued
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 432,670 290,934
SHAREHOLDERS' FUNDS 432,672 290,936

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.

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 24 July 2024 and were signed on its behalf by:




Mrs N E Palfrey - Director



J A HollingsworthPalfrey - Director


H E Law Ltd (Registered number: 08263090)

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

1. STATUTORY INFORMATION

H E Law Ltd 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 2016, 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.
Fixtures and fittings - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

H E Law Ltd (Registered number: 08263090)

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

2. ACCOUNTING POLICIES - continued

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 12 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 250,000
AMORTISATION
At 1 November 2022
and 31 October 2023 250,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

H E Law Ltd (Registered number: 08263090)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 November 2022 15,351
Additions 1,042
At 31 October 2023 16,393
DEPRECIATION
At 1 November 2022 10,644
Charge for year 1,307
At 31 October 2023 11,951
NET BOOK VALUE
At 31 October 2023 4,442
At 31 October 2022 4,707

6. STOCKS
31.10.23 31.10.22
£    £   
Work-in-progress 17,500 17,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 10,503 36,746
Other debtors 863,897 806,267
Prepayments 13,362 25,166
887,762 868,179

H E Law Ltd (Registered number: 08263090)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 184,534 164,679
Corporation tax 89,321 59,852
Social security and other taxes 1,847 6,184
VAT 28,719 32,934
Other creditors 18,462 61,042
Directors' current accounts 69,520 45,794
Accrued expenses 2,380 2,250
394,783 372,735

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans - 2-5 years 87,872 218,490
Hire purchase contracts - 10,800
87,872 229,290

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
2 Ordinary £1 2 2

11. RESERVES
Retained
earnings
£   

At 1 November 2022 290,934
Profit for the year 231,736
Dividends (90,000 )
At 31 October 2023 432,670

H E Law Ltd (Registered number: 08263090)

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

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.10.23 31.10.22
£    £   
Mrs N E Palfrey
Balance outstanding at start of year (22,933 ) (46,702 )
Amounts advanced 42,465 60,845
Amounts repaid (64,000 ) (37,076 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (44,468 ) (22,933 )

J A HollingsworthPalfrey
Balance outstanding at start of year (22,864 ) (46,702 )
Amounts advanced 44,809 60,838
Amounts repaid (47,000 ) (37,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (25,055 ) (22,864 )

13. RELATED PARTY DISCLOSURES

The company was under the control of Mr J A and Mrs N E Hollingsworth Palfrey. Mr J A and Mrs N E Hollingsworth Palfrey are the managing directors and majority shareholders.

Included within the "other debtors" balance is £351,499 (2022: £2327,499) which is owed by Nikjam Enterprises Ltd, a company that both directors have a beneficial interest in.

Included within the "other debtors" balance is £477,506 (2022: £452,506) which is owed by Tri-Fit Gym Limited a company that the directors have a beneficial interest in.