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REGISTERED NUMBER: 07893066 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

A L LAW ASSOCIATES LIMITED

A L LAW ASSOCIATES LIMITED (REGISTERED NUMBER: 07893066)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A L LAW ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Ms A Lalli





REGISTERED OFFICE: Dudley House
31 Lower Road
Harrow
HA2 0DE





REGISTERED NUMBER: 07893066 (England and Wales)





ACCOUNTANTS: MGR SD Limited
55 Loudoun Road
London
NW8 0DL

A L LAW ASSOCIATES LIMITED (REGISTERED NUMBER: 07893066)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 105,975 102,177

CURRENT ASSETS
Stocks 183,499 183,499
Debtors 5 174,478 175,720
Cash at bank 37,621 57,836
395,598 417,055
CREDITORS
Amounts falling due within one year 6 (75,406 ) (88,374 )
NET CURRENT ASSETS 320,192 328,681
TOTAL ASSETS LESS CURRENT LIABILITIES 426,167 430,858

CREDITORS
Amounts falling due after more than one year 7 (37,206 ) (48,442 )

PROVISIONS FOR LIABILITIES 11 (11,751 ) (11,751 )
NET ASSETS 377,210 370,665

CAPITAL AND RESERVES
Called up share capital 12 1 1
Retained earnings 377,209 370,664
SHAREHOLDERS' FUNDS 377,210 370,665

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 director acknowledges her 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.

A L LAW ASSOCIATES LIMITED (REGISTERED NUMBER: 07893066)

BALANCE SHEET - continued
31 DECEMBER 2023


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 director and authorised for issue on 12 September 2024 and were signed by:





Ms A Lalli - Director


A L LAW ASSOCIATES LIMITED (REGISTERED NUMBER: 07893066)

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


1. STATUTORY INFORMATION

A L Law Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - evenly over the period of the lease
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

A L LAW ASSOCIATES LIMITED (REGISTERED NUMBER: 07893066)

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


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 112,022 10,547 11,456 134,025
Additions 28,334 - - 28,334
At 31 December 2023 140,356 10,547 11,456 162,359
DEPRECIATION
At 1 January 2023 17,949 3,929 9,970 31,848
Charge for year 22,510 1,654 372 24,536
At 31 December 2023 40,459 5,583 10,342 56,384
NET BOOK VALUE
At 31 December 2023 99,897 4,964 1,114 105,975
At 31 December 2022 94,073 6,618 1,486 102,177

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 43,593 49,492
Other debtors 130,885 126,228
174,478 175,720

A L LAW ASSOCIATES LIMITED (REGISTERED NUMBER: 07893066)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 8) 11,236 12,258
Trade creditors 23,984 15,709
Taxation and social security 23,191 38,561
Other creditors 16,995 21,846
75,406 88,374

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 8) 37,206 48,442

8. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 11,236 12,258

Amounts falling due between one and two years:
Bank loans - 1-2 years 15,138 11,236

Amounts falling due between two and five years:
Bank loans - 2-5 years 22,068 37,206

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 25,000 25,000
Between one and five years 71,333 96,333
96,333 121,333

A L LAW ASSOCIATES LIMITED (REGISTERED NUMBER: 07893066)

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


10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 48,442 60,700

The bank loans have been secured by way of fixed and floating charges over any freehold and leasehold property owned by the company; or in which the company holds interest.

11. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax
Accelerated capital allowances 11,751 11,751

Deferred
tax
£   
Balance at 1 January 2023 11,751
Balance at 31 December 2023 11,751

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary £1 1 1

13. PENSION COMMITMENTS

The company makes payments to a defined contribution scheme on behalf of it's employees. Amounts charged to the profit and loss account were £3,065 for the year (2022: £2,758) There were outstanding contributions of £417 (2022: £630) at the balance sheet date.