Registered Number:12255195 |
For the year ended 31 October 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 October 2023
YM Law Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
YM Law Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
87,902
91,597
2
87,902
91,597
Trade and other receivables |
424,041
648,028
3
352,983
Cash and cash equivalents |
115,463
763,491
777,024
Trade and other payables: amounts falling due within one |
year |
(630,971)
(575,772)
4
146,053
187,719
Net current assets
Total assets less current liabilities |
275,621
237,650
Trade and other payables: amounts falling due after more |
than one year |
(80,482)
(60,192)
5
(2,084)
(3,070)
Provisions for liabilities |
213,345
Net assets
154,098
100
100
213,245
153,998
213,345
154,098
Shareholders' funds
For the year ended 31 October 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 of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 28 August 2024 and were signed by: |
1 of 4
For the year ended 31 October 2023
YM Law Ltd
Statement of Financial Position Continued
The notes form part of these financial statements |
2 of 4
For the year ended 31 October 2023
YM Law Ltd
Notes to the Financial Statements
Statutory Information
YM Law Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
12255195. |
Suite 201 Miller House
47-49 Market Street
Bolton
BL4 7FU
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
2. Property, plant and equipment |
118,611
12,426
14,185
92,000
-
20,313
3,457
10,839
-
6,017
92,000
25,024
15,883
138,924
6,017
Provision for depreciation and impairment |
27,014
6,282
2,332
18,400
-
Charge for year
24,008
3,106
2,502
18,400
-
51,022
9,388
4,834
36,800
-
6,017
55,200
20,190
6,495
87,902
-
73,600
11,853
6,144
91,597
3 of 4
For the year ended 31 October 2023
YM Law Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables |
2022
2023
45,279
42,892
602,749
381,149
424,041
648,028
The debtors above include the following amounts falling due after more than one year: |
393,000
258,000
4. Trade and other payables: amounts falling due within one year |
2022
2023
Bank loans and overdraft (secured) |
10,000
10,000
11,721
4,617
Taxation and social security |
46,551
87,026
507,500
529,328
575,772
630,971
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
Bank loans and overdraft (secured) |
15,833
25,833
44,359
54,649
60,192
80,482
6. Average number of persons employed |
During the year the average number of employees was 7 (2022 : 7)
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