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REGISTERED NUMBER: 07267899 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Norton & Co. Law Limited

Norton & Co. Law Limited (Registered number: 07267899)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Norton & Co. Law Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: P A Cain
Ms N S Walker





REGISTERED OFFICE: The Old Bank
499 Warrington Road
Rainhill
Merseyside
L35 0LR





REGISTERED NUMBER: 07267899 (England and Wales)





ACCOUNTANTS: Haines Watts
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ

Norton & Co. Law Limited (Registered number: 07267899)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 6,816 8,520

CURRENT ASSETS
Unbilled debtors 345,000 345,000
Debtors 5 160,933 266,268
Cash at bank 31,464 1,601
537,397 612,869
CREDITORS
Amounts falling due within one year 6 411,035 455,003
NET CURRENT ASSETS 126,362 157,866
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,178

166,386

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 133,176 166,384
133,178 166,386

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 12 July 2024 and were signed on its behalf by:




Ms N S Walker - Director


Norton & Co. Law Limited (Registered number: 07267899)

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

1. STATUTORY INFORMATION

Norton & Co. Law Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing unbilled debtors to their present location and condition.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Norton & Co. Law Limited (Registered number: 07267899)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 September 2022
and 31 August 2023 18,651
DEPRECIATION
At 1 September 2022 10,131
Charge for year 1,704
At 31 August 2023 11,835
NET BOOK VALUE
At 31 August 2023 6,816
At 31 August 2022 8,520

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£ £
Trade debtors 160,933 159,895
Other debtors - 106,373
160,933 266,268

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£ £
Bank loans and overdrafts - 197
Trade creditors 64,625 91,500
Taxation and social security 248,071 190,543
Other creditors 98,339 172,763
411,035 455,003

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the Directors, Mr P Cain and Ms N Walker, who together own the entire share capital.