IRIS Accounts Production v24.1.4.33 06807805 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068078052022-12-31068078052023-12-31068078052023-01-012023-12-31068078052021-12-31068078052022-01-012022-12-31068078052022-12-3106807805ns15:EnglandWales2023-01-012023-12-3106807805ns14:PoundSterling2023-01-012023-12-3106807805ns10:Director12023-01-012023-12-3106807805ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3106807805ns10:SmallEntities2023-01-012023-12-3106807805ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3106807805ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106807805ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106807805ns10:FullAccounts2023-01-012023-12-3106807805ns5:CurrentFinancialInstruments2023-12-3106807805ns5:CurrentFinancialInstruments2022-12-3106807805ns5:ShareCapital2023-12-3106807805ns5:ShareCapital2022-12-3106807805ns5:RetainedEarningsAccumulatedLosses2023-12-3106807805ns5:RetainedEarningsAccumulatedLosses2022-12-3106807805ns10:RegisteredOffice2023-01-012023-12-3106807805ns5:PlantMachinery2022-12-3106807805ns5:PlantMachinery2023-01-012023-12-3106807805ns5:PlantMachinery2023-12-3106807805ns5:PlantMachinery2022-12-3106807805ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3106807805ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 06807805 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

AMV LAW LIMITED

AMV LAW LIMITED (REGISTERED NUMBER: 06807805)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 DECEMBER 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


AMV LAW LIMITED (REGISTERED NUMBER: 06807805)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 17,695 23,594

CURRENT ASSETS
Debtors 5 1,017,572 643,232
Cash at bank 1,232,874 970,749
2,250,446 1,613,981
CREDITORS
Amounts falling due within one year 6 463,506 342,862
NET CURRENT ASSETS 1,786,940 1,271,119
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,804,635

1,294,713

CAPITAL AND RESERVES
Called up share capital 11 11
Retained earnings 1,804,624 1,294,702
SHAREHOLDERS' FUNDS 1,804,635 1,294,713

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.

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 23 July 2024 and were signed on its behalf by:





Mrs A Theodorides-Taylor - Director


AMV LAW LIMITED (REGISTERED NUMBER: 06807805)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

AMV Law Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06807805

Registered office: North London Business Park
Building 3,
Oakleigh Road South
London
N11 1GN

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue represents the invoiced value of services supplied by the company, net of value added tax and trade discounts. Revenue is recognised when services are rendered to customers.

Property plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the asset capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.

Plant and machinery - 25% on reducing balance.

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal

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 statement of financial position date.

AMV LAW LIMITED (REGISTERED NUMBER: 06807805)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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.

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.

Cash and cash equivalents
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 16 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 158,976
DEPRECIATION
At 1 January 2023 135,382
Charge for year 5,899
At 31 December 2023 141,281
NET BOOK VALUE
At 31 December 2023 17,695
At 31 December 2022 23,594

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 733,871 517,847
Other debtors 283,701 125,385
1,017,572 643,232

AMV LAW LIMITED (REGISTERED NUMBER: 06807805)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 65,669 65,719
Taxation and social security 376,236 259,843
Other creditors 21,601 17,300
463,506 342,862

7. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

8. PENSION COSTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £12,675 (2022: £14,029)