Company Registration No. 09244684 (England and Wales)
BUSINESS & LEGAL LTD
Unaudited accounts
for the year ended 29 July 2023
BUSINESS & LEGAL LTD
Unaudited accounts
Contents
BUSINESS & LEGAL LTD
Company Information
for the year ended 29 July 2023
Directors
Faruk Kilickaya
Susan Durrant
Company Number
09244684 (England and Wales)
Registered Office
MITRE HOUSE 2
BOND STREET
IPSWICH
IP4 1JE
BUSINESS & LEGAL LTD
Statement of financial position
as at 29 July 2023
Intangible assets
25,000
25,000
Tangible assets
191,710
191,710
Cash at bank and in hand
(26,065)
29,919
Creditors: amounts falling due within one year
(53,592)
(73,739)
Net current assets
26,477
312,459
Total assets less current liabilities
243,187
529,169
Creditors: amounts falling due after more than one year
-
(395,630)
Net assets
243,187
133,539
Called up share capital
100
100
Profit and loss account
243,087
133,439
Shareholders' funds
243,187
133,539
For the year ending 29 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by
Susan Durrant
Director
Company Registration No. 09244684
BUSINESS & LEGAL LTD
Notes to the Accounts
for the year ended 29 July 2023
BUSINESS & LEGAL LTD is a private company, limited by shares, registered in England and Wales, registration number 09244684. The registered office is MITRE HOUSE 2, BOND STREET, IPSWICH, IP4 1JE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% Straight-line basis
Computer equipment
20% Straight-line basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
BUSINESS & LEGAL LTD
Notes to the Accounts
for the year ended 29 July 2023
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 30 July 2022
22,679
205,955
228,634
At 29 July 2023
22,679
205,955
228,634
At 30 July 2022
4,130
32,794
36,924
At 29 July 2023
4,130
32,794
36,924
At 29 July 2023
18,549
173,161
191,710
At 29 July 2022
18,549
173,161
191,710
Amounts falling due within one year
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
12,792
Loans from directors
-
3,535
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
-
1,051
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
BUSINESS & LEGAL LTD
Notes to the Accounts
for the year ended 29 July 2023
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).