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YM Law Ltd
Registered Number:12255195
For the year ended 31 October 2023
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
12255195
As at 31 October 2023
YM Law Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
87,902
91,597
2
87,902
91,597
Current assets
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
Capital and reserves
Called up share capital
100
100
Retained earnings
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.
Mohammed Yaseen Director
These financial statements were approved and authorised for issue by the Board on 28 August 2024 and were signed by:
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4
Registered Number :
12255195
For the year ended 31 October 2023
YM Law Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
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.
Registered address:
Suite 201 Miller House
47-49 Market Street
Bolton
BL4 7FU
The presentation currency is £ sterling.
1. Accounting policies
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
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Land and
Buildings
£
£
£
£
£
Cost or
valuation
At 01 November 2022
118,611
12,426
14,185
92,000
-
20,313
3,457
10,839
-
6,017
Additions
At 31 October 2023
92,000
25,024
15,883
138,924
6,017
Provision for depreciation and impairment
At 01 November 2022
27,014
6,282
2,332
18,400
-
Charge for year
24,008
3,106
2,502
18,400
-
At 31 October 2023
51,022
9,388
4,834
36,800
-
At 31 October 2023
Net book value
6,017
55,200
20,190
6,495
87,902
At 31 October 2022
-
73,600
11,853
6,144
91,597
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6
For the year ended 31 October 2023
YM Law Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2022
2023
£
£
Trade debtors
45,279
42,892
Other debtors
602,749
381,149
424,041
648,028
The debtors above include the following amounts falling due after more than one year:
Other debtors
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
Trade creditors
11,721
4,617
Taxation and social security
46,551
87,026
Other creditors
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
Other creditors
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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