1 April 2023 false No description of principal activity Taxfiler 2024.4 OC373131business:LimitedLiabilityPartnershipLLP2023-04-012024-03-31 OC3731312023-03-31 OC3731312023-04-012024-03-31 OC373131business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 OC373131business:FullAccounts2023-04-012024-03-31 OC3731312024-03-31 OC373131business:PartnerLLP12023-04-012024-03-31 OC373131business:PartnerLLP22023-04-012024-03-31 OC373131business:RegisteredOffice2023-04-012024-03-31 OC3731312023-03-31 OC373131core:WithinOneYear2024-03-31 OC373131core:WithinOneYear2023-03-31 OC373131business:SmallEntities2023-04-012024-03-31 OC373131core:ComputerEquipment2023-04-012024-03-31 OC373131countries:EnglandWales2023-04-012024-03-31 OC373131core:IntangibleAssetsOtherThanGoodwill2023-03-31 OC373131core:IntangibleAssetsOtherThanGoodwill2024-03-31 OC373131core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-31 OC373131core:ComputerEquipment2023-03-31 OC373131core:ComputerEquipment2024-03-31 OC3731312022-04-012023-03-31 iso4217:GBP xbrli:pure
Registered No. OC373131 (England and Wales)
Legal Edge LLP Unaudited accounts for the year ended 31 March 2024
Legal Edge LLP LLP Information for the year ended 31 March 2024
Designated members
Lolaw Limited
iCool Legal Solutions Limited
Registered Number
OC373131 (England and Wales)
Registered Office
68 Hill Brow Bickley BR1 2PQ
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Legal Edge LLP Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
478 
631 
Tangible assets
2,868 
3,548 
3,346 
4,179 
Current assets
Debtors
384,875 
393,759 
Cash at bank and in hand
317,258 
524,512 
702,133 
918,271 
Creditors: amounts falling due within one year
(259,540)
(281,307)
Net current assets
442,593 
636,964 
Total assets less current liabilities
445,939 
641,143 
Provisions for liabilities
(20,915)
(15,500)
Net assets attributable to members
425,024 
625,643 
Represented by:
Loans and other debts due to members
425,024 
625,643 
425,024 
625,643 
Total members' interests
Loans and other debts due to members
425,024 
625,643 
425,024 
625,643 
For the year ending 31 March 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 31 July 2024.
iCool Legal Solutions Limited Designated member Limited Liability Partnership Registration No. OC373131
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Legal Edge LLP Notes to the Accounts for the year ended 31 March 2024
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Presentation currency
The accounts are presented in British pounds sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.3%
Pension costs
The partnership operates a defined contribution scheme for the benefit of its employees. Contributions are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
Foreign currencies
Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance sheet date and the gains or losses on translation are included in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the partnership on behalf of members in respect of their tax liabilities are treated as debts due to members.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the partnership to repay the capital, even if that obligation is conditional.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
2
Statutory information
Legal Edge LLP is a limited liability partnership, incorporated in England and Wales, registration number OC373131. Its registered office is 68 Hill Brow, Bickley, BR1 2PQ.
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Legal Edge LLP Notes to the Accounts for the year ended 31 March 2024
3
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
765 
At 31 March 2024
765 
Amortisation
At 1 April 2023
134 
Charge for the year
153 
At 31 March 2024
287 
Net book value
At 31 March 2024
478 
At 31 March 2023
631 
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
5,000 
Additions
927 
At 31 March 2024
5,927 
Depreciation
At 1 April 2023
1,452 
Charge for the year
1,607 
At 31 March 2024
3,059 
Net book value
At 31 March 2024
2,868 
At 31 March 2023
3,548 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
216,748 
216,125 
Taxes and social security costs
28,205 
39,511 
Other creditors
1,890 
1,890 
Accruals
12,697 
18,621 
Deferred income
- 
5,160 
259,540 
281,307 
6
Loans and other debts due to members
2024 
2023 
£ 
£ 
Members' capital classified as a liability
425,024 
625,643 
Amounts falling due within one year
425,024 
625,643 
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
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Legal Edge LLP Notes to the Accounts for the year ended 31 March 2024
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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