Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true12023-01-01falseNo description of principal activity1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07060326 2023-01-01 2023-12-31 07060326 2022-01-01 2022-12-31 07060326 2023-12-31 07060326 2022-12-31 07060326 1 2023-01-01 2023-12-31 07060326 d:Director1 2023-01-01 2023-12-31 07060326 c:OfficeEquipment 2023-01-01 2023-12-31 07060326 c:OfficeEquipment 2023-12-31 07060326 c:OfficeEquipment 2022-12-31 07060326 c:CurrentFinancialInstruments 2023-12-31 07060326 c:CurrentFinancialInstruments 2022-12-31 07060326 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 07060326 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 07060326 c:UKTax 2023-01-01 2023-12-31 07060326 c:UKTax 2022-01-01 2022-12-31 07060326 c:ShareCapital 2023-12-31 07060326 c:ShareCapital 2022-12-31 07060326 c:RetainedEarningsAccumulatedLosses 2023-12-31 07060326 c:RetainedEarningsAccumulatedLosses 2022-12-31 07060326 d:OrdinaryShareClass1 2023-01-01 2023-12-31 07060326 d:OrdinaryShareClass1 2023-12-31 07060326 d:OrdinaryShareClass1 2022-12-31 07060326 d:FRS102 2023-01-01 2023-12-31 07060326 d:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07060326 d:FullAccounts 2023-01-01 2023-12-31 07060326 d:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07060326 c:WithinOneYear 2023-12-31 07060326 c:WithinOneYear 2022-12-31 07060326 c:BetweenOneFiveYears 2023-12-31 07060326 c:BetweenOneFiveYears 2022-12-31 07060326 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07060326












CLS Law Limited
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023











Fletcher & Partners
Chartered Accountants

 
CLS Law Limited
REGISTERED NUMBER:07060326

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 6 
3,977
145,502

Cash at bank and in hand
  
156,038
99,042

  
160,015
244,544

Creditors: amounts falling due within one year
 7 
(3,115)
(9,554)

Net current assets
  
 
 
156,900
 
 
234,990

Total assets less current liabilities
  
156,900
234,990

  

Net assets
  
156,900
234,990


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
156,899
234,989

  
156,900
234,990


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Ms C L Slettengren
Director

Date: 21 July 2024

Page 1

 
CLS Law Limited
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

CLS Law Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is Crown Chambers, Bridge Street, Salisbury, Wiltshire, SP1 2LZ. Its principal place of business is Shute Farm, Donhead St Mary, Shaftesbury, SP7 9DG.
 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors,
Page 2

 
CLS Law Limited
 

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

2.Accounting policies (continued)


2.6
Financial instruments (continued)

are measured, initially and subsequently, at the rediscounted amount of the cash or other consideration expected to be paid or received.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

 
2.7

Creditors

Short term creditors are measured at the transaction price.

 
2.8

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Taxation


2023
2022
£
£

Corporation tax


Current tax on profits for the year
(1,898)
7,439


Total current tax
(1,898)
7,439

Factors affecting tax charge for the year

There were no significant factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of 19%  (2022 - 19%).


Page 3

 
CLS Law Limited
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2023
587



At 31 December 2023

587



Depreciation


At 1 January 2023
587



At 31 December 2023

587



Net book value



At 31 December 2023
-



At 31 December 2022
-


6.


Debtors

2023
2022
£
£


Other debtors
572
142,865

Prepayments and accrued income
1,507
2,637

Tax recoverable
1,898
-

3,977
145,502



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
7,439

Accruals and deferred income
3,115
2,115

3,115
9,554


Page 4

 
CLS Law Limited
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1
1
1



9.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
8,137
8,137

Later than 1 year and not later than 5 years
2,712
10,849

10,849
18,986


10.


Transactions with directors

At the beginning of the year the company was owed £112,154 (£110,000 principal and £2,154 accrued interest) in respect of a loan granted to Ms C Slettengren (the director). During the year, the loan incurred additional interest at HMRC's official rate plus 0.01% of £977. The loan, together with interest, was repaid in full (£113,131) during the year. No amounts were written off and no amounts were waived.
At the beginning of the year the company was owed £30,013 (£30,000 principal and £13 accrued interest) in respect of a loan granted to Ms C Slettengren (the director). During the year, the loan incurred additional interest at HMRC's official rate plus 0.03% of £280.  The loan, together with interest, was repaid in full (£30,293) during the year. No amounts were written off and no amounts were waived.
In summary, at the beginning of the year the company was owed £142,167 (£140,000 principal and £2,167 accrued interest) in respect of loans granted to Ms C Slettengren (the director). The outstanding amount together with subsequently incurred interest of £1,257 was repaid in full (£143,424) during the year. No amounts were written off and no amounts were waived.


11.


Post balance sheet events

After the year end, the company granted £130,000 loan to Ms C Slettengren (the director). The loan is repayable by September 2025.


Page 5