IRIS Accounts Production v24.3.0.553 09505022 director 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh095050222023-03-31095050222024-03-31095050222023-04-012024-03-31095050222022-03-31095050222022-04-012023-03-31095050222023-03-3109505022ns14:PoundSterling2023-04-012024-03-3109505022ns10:Director12023-04-012024-03-3109505022ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3109505022ns10:SmallEntities2023-04-012024-03-3109505022ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3109505022ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3109505022ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3109505022ns10:FullAccounts2023-04-012024-03-310950502212023-04-012024-03-3109505022ns10:RegisteredOffice2023-04-012024-03-3109505022ns5:CurrentFinancialInstruments2024-03-3109505022ns5:CurrentFinancialInstruments2023-03-3109505022ns5:Non-currentFinancialInstruments2024-03-3109505022ns5:Non-currentFinancialInstruments2023-03-3109505022ns5:ShareCapital2024-03-3109505022ns5:ShareCapital2023-03-3109505022ns5:RetainedEarningsAccumulatedLosses2024-03-3109505022ns5:RetainedEarningsAccumulatedLosses2023-03-3109505022ns5:NetGoodwill2023-04-012024-03-3109505022ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3109505022ns5:PlantMachinery2023-04-012024-03-3109505022ns5:NetGoodwill2023-03-3109505022ns5:NetGoodwill2024-03-3109505022ns5:NetGoodwill2023-03-3109505022ns5:PlantMachinery2023-03-3109505022ns5:PlantMachinery2024-03-3109505022ns5:PlantMachinery2023-03-3109505022ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3109505022ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3109505022ns5:WithinOneYear2024-03-3109505022ns5:WithinOneYear2023-03-3109505022ns5:BetweenOneFiveYears2024-03-3109505022ns5:BetweenOneFiveYears2023-03-3109505022ns5:AllPeriods2024-03-3109505022ns5:AllPeriods2023-03-31
REGISTERED NUMBER: 09505022






















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Tann Law Solicitors Ltd

Tann Law Solicitors Ltd (Registered number: 09505022)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tann Law Solicitors Ltd

Company Information
for the year ended 31 March 2024







DIRECTOR: Mr A Nyamayaro





REGISTERED OFFICE: 4 Manor Terrace
Friars Road
Coventry
CV1 2NU





REGISTERED NUMBER: 09505022





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

Tann Law Solicitors Ltd (Registered number: 09505022)

Balance Sheet
31 March 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 18,378 22,118
18,378 22,118

CURRENT ASSETS
Debtors 6 133,151 153,345

CREDITORS
Amounts falling due within one year 7 (131,283 ) (145,293 )
NET CURRENT ASSETS 1,868 8,052
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,246

30,170

CREDITORS
Amounts falling due after more than one year 8 (11,069 ) (21,053 )
NET ASSETS 9,177 9,117

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 9,176 9,116
9,177 9,117

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 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.

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 14 October 2024 and were signed by:





Mr A Nyamayaro - Director


Tann Law Solicitors Ltd (Registered number: 09505022)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Tann Law Solicitors Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continued support of the company's directors and bankers.

Turnover
Turnover represents amounts chargeable to clients for professional services provided during the year, inclusive of direct expenses incurred on client assignments but excluding value added tax. Turnover is recognised when a right to consideration has been obtained through performance under each contract. Consideration accrues as contract activity progresses by reference to the value of work performed.

Turnover is not recognised where the right to receive payment is contingent on events outside the control of the company. Unbilled revenue is included in debtors within accrued income.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of three 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.
Plant and machinery etc - 25% on cost and 15% on reducing balance

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.

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.

Tann Law Solicitors Ltd (Registered number: 09505022)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Share capital
Ordinary shares are classed as equity.

Distributions to equity holders
Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Operating leases
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 April 2023
and 31 March 2024 20,000
AMORTISATION
At 1 April 2023
and 31 March 2024 20,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 April 2023 64,637
Additions 1,660
At 31 March 2024 66,297
DEPRECIATION
At 1 April 2023 42,519
Charge for year 5,400
At 31 March 2024 47,919
NET BOOK VALUE
At 31 March 2024 18,378
At 31 March 2023 22,118

Tann Law Solicitors Ltd (Registered number: 09505022)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 88,519 110,431
Other debtors 44,632 42,914
133,151 153,345

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 12,780 14,671
Trade creditors 7,299 8,337
Taxation and social security 86,467 61,510
Other creditors 24,737 60,775
131,283 145,293

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 11,069 21,053

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 13,957 13,957
Between one and five years 16,283 30,240
30,240 44,197

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A Nyamayaro.