Company Registration No. 12119908 (England and Wales)
Irving Legal Ltd
Unaudited accounts
for the year ended 31 December 2023
Irving Legal Ltd
Unaudited accounts
Contents
Irving Legal Ltd
Company Information
for the year ended 31 December 2023
Directors
Janet Irving
Estelle Humphreys
Company Number
12119908 (England and Wales)
Registered Office
387 Chartridge Lane
Chesham
Buckinghamshire
HP5 2SL
United Kingdom
Accountants
John Phillips
387 Chartridge Lane
Chesham
Bucks
HP5 2SL
Irving Legal Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
12,196
14,825
Cash at bank and in hand
19,835
30,135
Creditors: amounts falling due within one year
(138,163)
(152,835)
Net current assets
10,744
7,206
Total assets less current liabilities
22,940
22,031
Creditors: amounts falling due after more than one year
-
(23,646)
Net assets/(liabilities)
22,940
(1,615)
Called up share capital
100
100
Profit and loss account
22,840
(1,715)
Shareholders' funds
22,940
(1,615)
For the year ending 31 December 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 September 2024 and were signed on its behalf by
Janet Irving
Director
Company Registration No. 12119908
Irving Legal Ltd
Notes to the Accounts
for the year ended 31 December 2023
Irving Legal Ltd is a private company, limited by shares, registered in England and Wales, registration number 12119908. The registered office is 387 Chartridge Lane, Chesham, Buckinghamshire, HP5 2SL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
4 years
Computer equipment
4 years
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
10,233
9,533
19,766
At 31 December 2023
10,233
10,971
21,204
At 1 January 2023
2,558
2,383
4,941
Charge for the year
1,919
2,148
4,067
At 31 December 2023
4,477
4,531
9,008
At 31 December 2023
5,756
6,440
12,196
At 31 December 2022
7,675
7,150
14,825
Amounts falling due within one year
Other debtors
128,186
126,731
Irving Legal Ltd
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,134
15,424
Trade creditors
27,423
35,225
Taxes and social security
20,010
7,642
Other creditors
52,323
72,422
Loans from directors
21,173
1,122
7
Creditors: amounts falling due after more than one year
2023
2022
8
Transactions with related parties
The company owed its directors Janet Irving and Estelle Humphries £20,273 and £900 respectively as at the year end (2022 - £1,122 and £nil). Interest is not charged on the balances owing.
The company took over debts owed by its predecessor Irving & Co solicitors to The Legal Services Commission in relation to Legal Aid, and a Covid bounce back loan. The bounce back loan was been fully repaid in the period.
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).