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Registration number: 11159604

Lawyers For Doctors Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2024



Pages for filing with Registrar

 

Lawyers For Doctors Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Lawyers For Doctors Limited

Company Information

Director

J Norris

Registered office

Broad Quay House
Prince Street
Bristol
BS1 4DJ

Registered number

11159604

Accountant

Corrigan Accountants Limited
1st Floor
25 King Street
Bristol
BS1 4PB

 

Lawyers For Doctors Limited

(Registration number: 11159604)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

31,863

39,453

Current assets

 

Debtors

6

21,907

11,584

Cash at bank and in hand

 

33,847

40,206

 

55,754

51,790

Creditors: Amounts falling due within one year

7

(30,246)

(67,874)

Net current assets/(liabilities)

 

25,508

(16,084)

Total assets less current liabilities

 

57,371

23,369

Provisions for liabilities

(7,966)

(7,496)

Net assets

 

49,405

15,873

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

49,305

15,773

Total equity

 

49,405

15,873

 

Lawyers For Doctors Limited

(Registration number: 11159604)
Balance Sheet as at 31 January 2024

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 for issue by the director on 9 October 2024
 

.........................................

J Norris
Director

 

Lawyers For Doctors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

Statutory information

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

The address of its registered office is:
Broad Quay House
Prince Street
Bristol
BS1 4DJ

2

Accounting policies

Summary of significant accounting policies

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The company’s financial statements have been prepared on a going concern basis. The directors have considered a period of twelve months from the date of approval of the financial statements and believe that the company is able to meet liabilities as they fall due.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

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.

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.

 

Lawyers For Doctors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

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.


Deferred tax
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 fixed assets

Tangible fixed assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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

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:

Computer equipment

25% on cost

Motor vehicles

25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost 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.

Trade creditors

Trade creditors are recognised at the transaction price.

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.

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.

 

Lawyers For Doctors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

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.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.

3

Staff numbers

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

 

Lawyers For Doctors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Taxation

Deferred tax

Deferred tax assets and liabilities

2024

Liability
£

Accelerated tax depreciation

7,966

7,966

2023

Liability
£

Accelerated tax depreciation

7,496

7,496

5

Tangible fixed assets

Computer equipment
 £

Motor vehicles
 £

Total
£

Cost

At 1 February 2023

5,081

57,050

62,131

Additions

3,384

-

3,384

At 31 January 2024

8,465

57,050

65,515

Depreciation

At 1 February 2023

3,802

18,876

22,678

Charge for the year

1,430

9,544

10,974

At 31 January 2024

5,232

28,420

33,652

Carrying amount

At 31 January 2024

3,233

28,630

31,863

At 31 January 2023

1,279

38,174

39,453

 

Lawyers For Doctors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

6

Debtors: amounts falling due within one year

2024
£

2023
£

Trade debtors

16,499

7,584

Accrued income

800

-

Prepayments

4,608

4,000

21,907

11,584

7

Creditors

2024
£

2023
£

Trade creditors

2,250

-

Taxation and social security

6,695

12,031

Other creditors

1,981

35,328

Accruals

2,145

1,900

Director's loan account

1,466

3,834

Corporation tax

15,709

14,781

30,246

67,874

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100