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REGISTERED NUMBER: SC348870 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Marshall Wilson Law Group Limited

Marshall Wilson Law Group Limited (Registered number: SC348870)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Marshall Wilson Law Group Limited (Registered number: SC348870)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,254 6,181
5,254 6,181

CURRENT ASSETS
Debtors 6 296,380 263,252
Cash at bank 151,708 48,328
448,088 311,580
CREDITORS
Amounts falling due within one year 7 (241,560 ) (161,410 )
NET CURRENT ASSETS 206,528 150,170
TOTAL ASSETS LESS CURRENT
LIABILITIES

211,782

156,351

CREDITORS
Amounts falling due after more than one
year

8

(43,031

)

(103,731

)

PROVISIONS FOR LIABILITIES (932 ) (821 )
NET ASSETS 167,819 51,799

CAPITAL AND RESERVES
Called up share capital 12 12
Retained earnings 167,807 51,787
SHAREHOLDERS' FUNDS 167,819 51,799

Marshall Wilson Law Group Limited (Registered number: SC348870)

Balance Sheet - continued
31 October 2023


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 20 December 2023 and were signed on its behalf by:




Mr S J Biggam - Director Mrs F M M Munn - Director




Mr M W Thomson - Director


Marshall Wilson Law Group Limited (Registered number: SC348870)

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

1. STATUTORY INFORMATION

Marshall Wilson Law Group Limited is a private company, limited by shares, domiciled in Scotland, registration number SC348870. The registered office is 2 High Street, Falkirk, Stirlingshire, FK1 1EZ.

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 represents the fair value of professional services provided during the year to clients. Turnover is recognised as contract activity and the right to consideration earned. Fair value reflects the amount expected to be recoverable from clients and is based on time spent, skills and expertise provided, excluding VAT. Turnover which has been recognised but not invoiced by the balances sheet date is included within debtors.

Goodwill
Amortisation is calculated so as to write off the cost of an asset, net of anticipated disposal proceeds, over the estimated useful economic life of that asset as follows:

Goodwill - 20% Straight Line

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represents purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

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.

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.

Marshall Wilson Law Group Limited (Registered number: SC348870)

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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 1,100,000
AMORTISATION
At 1 November 2022
and 31 October 2023 1,100,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 23,630
DEPRECIATION
At 1 November 2022 17,449
Charge for year 927
At 31 October 2023 18,376
NET BOOK VALUE
At 31 October 2023 5,254
At 31 October 2022 6,181

Marshall Wilson Law Group Limited (Registered number: SC348870)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 206,998 161,822
Amounts recoverable on contract 89,382 101,430
296,380 263,252

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 3,714 3,246
Taxation and social security 172,801 131,249
Other creditors 55,045 16,915
241,560 161,410

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 19,045 29,167
Other creditors 23,986 74,564
43,031 103,731

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 29,045 39,167

The bank loan is secured by way of a floating charge over the assets of the company granted in favour of Royal Bank of Scotland plc.

10. RELATED PARTY DISCLOSURES

The property from which the business trades is owned by a Self Invested Pension Plan which is controlled by the directors of the company. The total amount of rent invoiced in the year was £60,750 (2022: £24,750). At the year end an accrual in relation to the rent existed for £68,165 (2022: £85,415).