Registered number
10614274
A 2 B WILLS AND LEGAL SERVICES LIMITED
Filleted Accounts
31 January 2024
A 2 B WILLS AND LEGAL SERVICES LIMITED
Registered number: 10614274
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 41,710 52,389
Current assets
Debtors 4 2,397 6,238
Investments held as current assets 5 20,000 -
Cash at bank and in hand 17,673 53,861
40,070 60,099
Creditors: amounts falling due within one year 6 (22,592) (32,640)
Net current assets 17,478 27,459
Total assets less current liabilities 59,188 79,848
Creditors: amounts falling due after more than one year 7 (33,447) (39,408)
Provisions for liabilities (7,925) (9,954)
Net assets 17,816 30,486
Capital and reserves
Called up share capital 100 100
Profit and loss account 17,716 30,386
Shareholders' funds 17,816 30,486
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs N M Brown
Director
Approved by the board on 17 October 2024
A 2 B WILLS AND LEGAL SERVICES LIMITED
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration receivable. Turnover includes revenue earned from the 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Office equipment 25% per annum reducing balance basis
Motor vehicles 20% per annum reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Office equipment Motor vehicles Total
£ £ £
Cost
At 1 February 2023 7,771 61,463 69,234
At 31 January 2024 7,771 61,463 69,234
Depreciation
At 1 February 2023 3,734 13,111 16,845
Charge for the year 1,009 9,670 10,679
At 31 January 2024 4,743 22,781 27,524
Net book value
At 31 January 2024 3,028 38,682 41,710
At 31 January 2023 4,037 48,352 52,389
4 Debtors 2024 2023
£ £
Trade debtors - 3,841
Other debtors 2,397 2,397
2,397 6,238
5 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 20,000 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 6,010 5,984
Trade creditors and accruals 1,030 960
Corporation tax 11,980 8,232
Other creditors - directors' loan accounts 3,572 17,464
22,592 32,640
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 33,447 39,408
8 Events after the reporting date
There were no events after the reporting date which would affect the user's understanding of these accounts.
9 Contingent liabilities
There were no contingent liabilities in existence at the year end.
10 Controlling party
The director, Mr A S Brown, owns 100% of the issued ordinary share capital of the company.
11 Other information
A 2 B WILLS AND LEGAL SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
24 Oswald Road
Chorlton Cum Hardy
Manchester
M21 9LP
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