PROFESSIONAL AND LEGAL SERVICES LIMITED

Company Registration Number:
06493270 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

PROFESSIONAL AND LEGAL SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

PROFESSIONAL AND LEGAL SERVICES LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 38,144 39,156
Total fixed assets: 38,144 39,156
Current assets
Debtors: 4 13,073,041 10,608,746
Cash at bank and in hand: 214,477 135,645
Total current assets: 13,287,518 10,744,391
Creditors: amounts falling due within one year: 5 (6,506,640) (5,087,218)
Net current assets (liabilities): 6,780,878 5,657,173
Total assets less current liabilities: 6,819,022 5,696,329
Total net assets (liabilities): 6,819,022 5,696,329
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 6,819,020 5,696,327
Shareholders funds: 6,819,022 5,696,329

The notes form part of these financial statements

PROFESSIONAL AND LEGAL SERVICES LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 May 2024
and signed on behalf of the board by:

Name: Miss S Moss
Status: Director

The notes form part of these financial statements

PROFESSIONAL AND LEGAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PROFESSIONAL AND LEGAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 34 28

PROFESSIONAL AND LEGAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 160,953
Additions 11,308
At 31 December 2023 172,261
Depreciation
At 01 January 2023 121,797
Charge for year 12,320
At 31 December 2023 134,117
Net book value
At 31 December 2023 38,144
At 31 December 2022 39,156

PROFESSIONAL AND LEGAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 2,438 2,438

PROFESSIONAL AND LEGAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

Trade Creditor 31/12/2023 = £3,515,126, 31/12/2022 = £2,352,927 Bank Loans and Overdrafts 31/12/2023 = £2,095,648, 31/12/2022 = £1,441,243 Corporation tax 31/12/2023 = £670,984, 31/12/2022 = £330,487 Other taxes and Social Security 31/12/2023 = £10,625, 31/12/2022 = £3,548 VAT 31/12/2023 = £52,282, 31/12/2022 = £100,740 Other creditors 31/12/2023 = £7,880, 31/12/2022 = £15,453 Group Balances 31/12/2023 = £145,719, 31/12/2022 = £701,176 Accruals and Deferred Income 31/12/2023 = £8,376, 31/12/2022 = £141,644

PROFESSIONAL AND LEGAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Related party transactions

Name of the related party: Direct Accident Management Services Limited
Relationship:
A company under common control
Description of the Transaction: Financial Loan
£
Balance at 01 January 2023 2,459,054
Balance at 31 December 2023 2,532,975
Name of the related party: Bond Turner Limited
Relationship:
A company under common control
Description of the Transaction: Balance due on P/L expenses
£
Balance at 01 January 2023 701,176
Balance at 31 December 2023 145,719
Name of the related party: Anexo Group Plc
Relationship:
Parent company
Description of the Transaction: Financial Loan
£
Balance at 01 January 2023 0
Balance at 31 December 2023 300,000

During the year the company paid rent totaling £22,500 to a Director which has been expensed during the year.