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Registered number: 07484670









DSLAW LIMITED

(FORMERLY DAYSPARKES LIMITED)
FILLETED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




































 
DSLAW LIMITED
 
(FORMERLY DAYSPARKES LIMITED)
REGISTERED NUMBER: 07484670

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
7,400
11,126

  
7,400
11,126

Current assets
  

Debtors: amounts falling due within one year
 6 
916,195
731,433

Cash at bank and in hand
 7 
141,187
249,401

  
1,057,382
980,834

Creditors: amounts falling due within one year
 8 
(135,783)
(179,236)

Net current assets
  
 
 
921,599
 
 
801,598

Total assets less current liabilities
  
928,999
812,724

Provisions for liabilities
  

Deferred tax
  
(1,713)
(2,646)

  
 
 
(1,713)
 
 
(2,646)

Net assets
  
927,286
810,078

Page 1

 
DSLAW LIMITED
 
(FORMERLY DAYSPARKES LIMITED)
REGISTERED NUMBER: 07484670
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

2024
2023
£
£

Capital and reserves
  

Called up share capital 
 10 
1
1

Capital redemption reserve
  
1
1

Profit and loss account
  
927,284
810,076

  
927,286
810,078


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr M J Sparkes
Director

Date: 20 August 2024


The notes on pages 3 to 10 form part of these financial statements.
Page 2

 
DSLAW LIMITED

(FORMERLY DAYSPARKES LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

DSLaw Limited is a private company limited by shares and is incorporated in England. 
The address of its registered office is Chancery House, 53-64 Chancery Lane , London, WC24 1QS the company's principal activity is providing legal services.
The company's name was changed from DaySparkes Limited on 27 June 2023.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
DSLAW LIMITED

(FORMERLY DAYSPARKES LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
DSLAW LIMITED

(FORMERLY DAYSPARKES LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

S/Term Leasehold Property
-
Over the life of the lease
Fixtures & fittings
-
25% straight line
Office equipment
-
25% straight line
Computer equipment
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
DSLAW LIMITED

(FORMERLY DAYSPARKES LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 5).

Page 6

 
DSLAW LIMITED

(FORMERLY DAYSPARKES LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 February 2023
120,000



At 31 January 2024

120,000



Amortisation


At 1 February 2023
120,000



At 31 January 2024

120,000



Net book value



At 31 January 2024
-



At 31 January 2023
-



Page 7

 
DSLAW LIMITED

(FORMERLY DAYSPARKES LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Tangible fixed assets





Leasehold property improvements
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 February 2023
4,988
35,433
40,421


Additions
-
3,806
3,806



At 31 January 2024

4,988
39,239
44,227



Depreciation


At 1 February 2023
3,880
25,415
29,295


Charge for the year on owned assets
1,108
6,424
7,532



At 31 January 2024

4,988
31,839
36,827



Net book value



At 31 January 2024
-
7,400
7,400



At 31 January 2023
1,108
10,018
11,126


6.


Debtors

2024
2023
£
£


Trade debtors
66,305
268,611

Other debtors
602,068
72,688

Prepayments and accrued income
27,253
36,958

Amounts recoverable on long term contracts
220,569
353,176

916,195
731,433


Page 8

 
DSLAW LIMITED

(FORMERLY DAYSPARKES LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
141,187
249,401



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
841

Corporation tax
61,615
83,092

Other taxation and social security
57,982
72,822

Other creditors
4,613
4,080

Accruals and deferred income
11,573
18,401

135,783
179,236



9.


Operating lease commitments

The total amount of commitments, guarantees and contingencies at the year end date is £nil (2023 - £34,366).


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1


Page 9

 
DSLAW LIMITED

(FORMERLY DAYSPARKES LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £100,779 (2023 - £6,884). Contributions totalling £1,467 (2023 - £1,450) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 10