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Registered number: 10005466
Preston Legal Services Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 29 February 2024
Morris Wheeler & Co Limited
1 Pond Lane
Bentfield Road
Stansted
Essex
CM24 8JG
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 10005466
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 395 879
395 879
CURRENT ASSETS
Debtors 87 17,143
Cash at bank and in hand 12,001 45,700
12,088 62,843
Creditors: Amounts Falling Due Within One Year (4,924 ) (44,557 )
NET CURRENT ASSETS (LIABILITIES) 7,164 18,286
TOTAL ASSETS LESS CURRENT LIABILITIES 7,559 19,165
NET ASSETS 7,559 19,165
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account 7,459 19,065
SHAREHOLDERS' FUNDS 7,559 19,165
Page 1
Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 29 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Martin Preston
Director
19/07/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Preston Legal Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10005466 . The registered office is 1 Pond Lane, Bentfield Road, Stansted, Essex, CM24 8JG.

The presentation currency of the financial statements is in Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 20% cost
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Total
£
Cost
As at 1 March 2023 4,007
As at 29 February 2024 4,007
Depreciation
As at 1 March 2023 3,128
Provided during the period 484
As at 29 February 2024 3,612
Net Book Value
As at 29 February 2024 395
As at 1 March 2023 879
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5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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