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REGISTERED NUMBER: 06452925 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LEGAL CLARITY LIMITED

LEGAL CLARITY LIMITED (REGISTERED NUMBER: 06452925)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEGAL CLARITY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J P Quinn
K P J Quinn
R D Underwood
G P Davie





REGISTERED OFFICE: 1st Floor, Charles House
148/9 Gt Charles Street
Birmingham
B3 3HT





REGISTERED NUMBER: 06452925 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

LEGAL CLARITY LIMITED (REGISTERED NUMBER: 06452925)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,215 12,945

CURRENT ASSETS
Debtors 5 544,449 369,179
Cash at bank and in hand 99,451 101,780
643,900 470,959
CREDITORS
Amounts falling due within one year 6 372,046 250,672
NET CURRENT ASSETS 271,854 220,287
TOTAL ASSETS LESS CURRENT
LIABILITIES

284,069

233,232

CREDITORS
Amounts falling due after more than one
year

7

(18,214

)

(28,271

)

PROVISIONS FOR LIABILITIES (3,054 ) (2,462 )
NET ASSETS 262,801 202,499

CAPITAL AND RESERVES
Called up share capital 125 125
Retained earnings 262,676 202,374
SHAREHOLDERS' FUNDS 262,801 202,499

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

LEGAL CLARITY LIMITED (REGISTERED NUMBER: 06452925)

BALANCE SHEET - continued
31 DECEMBER 2023


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 3 September 2024 and were signed on its behalf by:





J P Quinn - Director


LEGAL CLARITY LIMITED (REGISTERED NUMBER: 06452925)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATEMENT OF COMPLIANCE

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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33.33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 22,717 39,671 62,388
Additions - 5,239 5,239
At 31 December 2023 22,717 44,910 67,627
DEPRECIATION
At 1 January 2023 16,013 33,430 49,443
Charge for year 1,676 4,293 5,969
At 31 December 2023 17,689 37,723 55,412
NET BOOK VALUE
At 31 December 2023 5,028 7,187 12,215
At 31 December 2022 6,704 6,241 12,945

LEGAL CLARITY LIMITED (REGISTERED NUMBER: 06452925)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 393,196 233,131
Other debtors 151,253 136,048
544,449 369,179

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,704 19,861
Taxation and social security 336,150 189,414
Other creditors 28,192 41,397
372,046 250,672

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 18,214 28,271

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 39,340 29,189
Between one and five years 78,680 -
118,020 29,189