Acorah Software Products - Accounts Production 15.0.600 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 08051864 Mr Steven Oakes Mrs Belinda Oakes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08051864 2023-05-31 08051864 2024-05-31 08051864 2023-06-01 2024-05-31 08051864 frs-core:CurrentFinancialInstruments 2024-05-31 08051864 frs-core:Non-currentFinancialInstruments 2024-05-31 08051864 frs-core:MotorVehicles 2023-06-01 2024-05-31 08051864 frs-core:PlantMachinery 2024-05-31 08051864 frs-core:PlantMachinery 2023-06-01 2024-05-31 08051864 frs-core:PlantMachinery 2023-05-31 08051864 frs-core:ShareCapital 2024-05-31 08051864 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 08051864 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08051864 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 08051864 frs-bus:SmallEntities 2023-06-01 2024-05-31 08051864 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08051864 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 08051864 frs-core:DeferredTaxation 2023-06-01 2024-05-31 08051864 frs-core:DeferredTaxation 2023-05-31 08051864 frs-core:DeferredTaxation 2024-05-31 08051864 frs-bus:Director1 2023-06-01 2024-05-31 08051864 frs-bus:Director1 2023-05-31 08051864 frs-bus:Director1 2024-05-31 08051864 frs-bus:Director2 2023-06-01 2024-05-31 08051864 frs-bus:Director2 2023-05-31 08051864 frs-bus:Director2 2024-05-31 08051864 frs-countries:EnglandWales 2023-06-01 2024-05-31 08051864 2022-05-31 08051864 2023-05-31 08051864 2022-06-01 2023-05-31 08051864 frs-core:CurrentFinancialInstruments 2023-05-31 08051864 frs-core:Non-currentFinancialInstruments 2023-05-31 08051864 frs-core:ShareCapital 2023-05-31 08051864 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 08051864
Construction Legal Consultants Limited
Financial Statements
For The Year Ended 31 May 2024
The Curtis Partnership
1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB
Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 08051864
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,273 1,197
1,273 1,197
CURRENT ASSETS
Debtors 5 9,288 8,360
Cash at bank and in hand 28,159 25,868
37,447 34,228
Creditors: Amounts Falling Due Within One Year 6 (30,397 ) (20,123 )
NET CURRENT ASSETS (LIABILITIES) 7,050 14,105
TOTAL ASSETS LESS CURRENT LIABILITIES 8,323 15,302
Creditors: Amounts Falling Due After More Than One Year 7 (7,000 ) (14,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (242 ) (227 )
NET ASSETS 1,081 1,075
CAPITAL AND RESERVES
Called up share capital 10 102 100
Income Statement 979 975
SHAREHOLDERS' FUNDS 1,081 1,075
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For the year ending 31 May 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Steven Oakes
Director
Mrs Belinda Oakes
Director
19th August 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Construction Legal Consultants Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08051864 . The registered office is 1 Tape Street, Cheadle, Stoke-On-Trent, Staffordshire, ST10 1BB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance basis
Motor Vehicles 25% reducing balance basis
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 June 2023 4,528
Additions 501
As at 31 May 2024 5,029
Depreciation
As at 1 June 2023 3,331
Provided during the period 425
As at 31 May 2024 3,756
Net Book Value
As at 31 May 2024 1,273
As at 1 June 2023 1,197
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,322 -
Prepayments and accrued income 1,846 2,900
VAT - 705
Directors' loan accounts 3,120 4,755
9,288 8,360
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 72 4,919
Bank loans and overdrafts 7,000 7,000
Corporation tax 9,378 1,094
Other taxes and social security - 58
VAT 7,656 -
Other creditors 3,502 3,936
Accruals and deferred income 2,789 3,116
30,397 20,123
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,000 14,000
7,000 14,000
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 242 227
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9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 June 2023 227 227
Deferred taxation 15 15
Balance at 31 May 2024 242 242
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 102 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mr Steven Oakes 2,378 19,941 27,059 - 1,560
Mrs Belinda Oakes 2,378 19,941 27,059 - 1,560
The above loan is unsecured, interest free and repayable on demand.
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