Stephen Nunn Law Limited 10916252 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is the provision of legal advice. Digita Accounts Production Advanced 6.30.9574.0 true 10916252 2023-03-01 2024-02-29 10916252 2024-02-29 10916252 bus:Director1 1 2024-02-29 10916252 bus:Director2 1 2024-02-29 10916252 core:RetainedEarningsAccumulatedLosses 2024-02-29 10916252 core:ShareCapital 2024-02-29 10916252 core:CurrentFinancialInstruments 2024-02-29 10916252 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 10916252 core:FurnitureFittingsToolsEquipment 2024-02-29 10916252 bus:SmallEntities 2023-03-01 2024-02-29 10916252 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 10916252 bus:FullAccounts 2023-03-01 2024-02-29 10916252 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 10916252 bus:RegisteredOffice 2023-03-01 2024-02-29 10916252 bus:Director1 2023-03-01 2024-02-29 10916252 bus:Director1 1 2023-03-01 2024-02-29 10916252 bus:Director2 2023-03-01 2024-02-29 10916252 bus:Director2 1 2023-03-01 2024-02-29 10916252 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10916252 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-29 10916252 core:OfficeEquipment 2023-03-01 2024-02-29 10916252 countries:England 2023-03-01 2024-02-29 10916252 2023-02-28 10916252 bus:Director1 1 2023-02-28 10916252 bus:Director2 1 2023-02-28 10916252 core:FurnitureFittingsToolsEquipment 2023-02-28 10916252 2022-03-01 2023-02-28 10916252 2023-02-28 10916252 bus:Director1 1 2023-02-28 10916252 bus:Director2 1 2023-02-28 10916252 core:RetainedEarningsAccumulatedLosses 2023-02-28 10916252 core:ShareCapital 2023-02-28 10916252 core:CurrentFinancialInstruments 2023-02-28 10916252 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 10916252 core:FurnitureFittingsToolsEquipment 2023-02-28 10916252 bus:Director1 1 2022-03-01 2023-02-28 10916252 bus:Director2 1 2022-03-01 2023-02-28 10916252 bus:Director1 1 2022-02-28 10916252 bus:Director2 1 2022-02-28 iso4217:GBP xbrli:pure

Registration number: 10916252

Stephen Nunn Law Limited

Filleted Unaudited Financial Statements

for the Year Ended 29 February 2024

 

Stephen Nunn Law Limited
(Registration number: 10916252)

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Stephen Nunn Law Limited
(Registration number: 10916252)

Company Information

Directors

Mr Stephen Nunn

Ms Pamela Calder

Registered office

11 Gandy Street
Exeter
Devon
EX4 3LS

Accountants

Thompson Jenner LLP
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

 

Stephen Nunn Law Limited
(Registration number: 10916252)

Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,136

1,829

Current assets

 

Stocks

5

8,800

8,800

Debtors

6

7,056

1,699

Cash at bank and in hand

 

28,910

16,487

 

44,766

26,986

Creditors: Amounts falling due within one year

7

(31,784)

(36,147)

Net current assets/(liabilities)

 

12,982

(9,161)

Total assets less current liabilities

 

14,118

(7,332)

Provisions for liabilities

(215)

(347)

Net assets/(liabilities)

 

13,903

(7,679)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

13,803

(7,779)

Total equity

 

13,903

(7,679)

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Stephen Nunn Law Limited
(Registration number: 10916252)

Balance Sheet as at 29 February 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 23 September 2024 and signed on its behalf by:
 

.........................................
Mr Stephen Nunn
Director

 

Stephen Nunn Law Limited
(Registration number: 10916252)

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
11 Gandy Street
Exeter
Devon
EX4 3LS
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

The Coronavirus Job Retention Scheme grant has been credited to other income so as to match the grant to the underlying eligible furloughed staff expenditure to which it relates.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

Stephen Nunn Law Limited
(Registration number: 10916252)

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Stephen Nunn Law Limited
(Registration number: 10916252)

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Stephen Nunn Law Limited
(Registration number: 10916252)

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2023

3,466

3,466

At 29 February 2024

3,466

3,466

Depreciation

At 1 March 2023

1,637

1,637

Charge for the year

693

693

At 29 February 2024

2,330

2,330

Carrying amount

At 29 February 2024

1,136

1,136

At 28 February 2023

1,829

1,829

5

Stocks

2024
£

2023
£

Work in progress

8,800

8,800

 

Stephen Nunn Law Limited
(Registration number: 10916252)

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

6

Debtors

2024
£

2023
£

Trade debtors

2,500

1,250

Other debtors

4,556

449

Total current trade and other debtors

7,056

1,699

7

Creditors

2024
£

2023
£

Due within one year

Taxation and social security

26,494

16,183

Other creditors

661

15,328

Accrued expenses

4,629

4,636

31,784

36,147

8

Related party transactions

Transactions with directors

2024

At 1 March 2023
£

Advances to director
£

Repayments by director
£

At 29 February 2024
£

Mr Stephen Nunn

Director 1 - interest free loan

-

5,361

(2,206)

3,155

         
       

Ms Pamela Calder

Director 2 - interest free loan

-

2,405

(1,630)

775

         
       

 

2023

At 1 March 2022
£

Advances to director
£

Repayments by director
£

At 28 February 2023
£

Mr Stephen Nunn

Director 1 - interest free loan

24,314

34,063

(58,377)

-

         
       

Ms Pamela Calder

Director 2 - interest free loan

24,315

5,500

(29,815)

-