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REGISTERED NUMBER: 07475628 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Lawmatix Limited

Lawmatix Limited (Registered number: 07475628)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Lawmatix Limited (Registered number: 07475628)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,423 6,050
2,423 6,050

CURRENT ASSETS
Debtors 6 428,291 311,117
Cash at bank 644,879 857,692
1,073,170 1,168,809
CREDITORS
Amounts falling due within one year 7 (32,973 ) (111,985 )
NET CURRENT ASSETS 1,040,197 1,056,824
TOTAL ASSETS LESS CURRENT LIABILITIES 1,042,620 1,062,874

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,042,618 1,062,872
1,042,620 1,062,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 28 August 2024 and were signed on its behalf by:





Ms A J Kearsley - Director


Lawmatix Limited (Registered number: 07475628)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Lawmatix 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: 07475628

Registered office: 22 Freshwater Drive
Weston
Crewe
Cheshire
CW2 5GR

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 cost
Office equipment - 33% on cost

Taxation
Taxation for the year comprises current 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 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 balance sheet date.

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.

Lawmatix Limited (Registered number: 07475628)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 74,890
AMORTISATION
At 1 April 2023
and 31 March 2024 74,890
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 10,429 27,860 38,289
DEPRECIATION
At 1 April 2023 8,976 23,263 32,239
Charge for year 689 2,938 3,627
At 31 March 2024 9,665 26,201 35,866
NET BOOK VALUE
At 31 March 2024 764 1,659 2,423
At 31 March 2023 1,453 4,597 6,050

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 46,310 32,722
Other debtors 381,981 278,395
428,291 311,117

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 30,244 108,595
Other creditors 2,729 3,390
32,973 111,985

Lawmatix Limited (Registered number: 07475628)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Ms A J Kearsley
Balance outstanding at start of year 103,371 98,373
Amounts advanced 117,700 112,355
Amounts repaid (95,995 ) (107,357 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 125,076 103,371

Ms L M Inger
Balance outstanding at start of year 122,886 133,910
Amounts advanced 122,700 76,501
Amounts repaid (45,193 ) (87,525 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 200,393 122,886

Loan incur interest at 2.25% per annum.