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REGISTERED NUMBER: 07661677 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ADLINGTON LAW LIMITED

ADLINGTON LAW LIMITED (REGISTERED NUMBER: 07661677)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADLINGTON LAW LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: Mrs C E Nuttall





REGISTERED OFFICE: Kensington House
Ackhurst Business Park
Foxhole Road
Chorley
Lancashire
PR7 1NY





REGISTERED NUMBER: 07661677 (England and Wales)





ACCOUNTANTS: Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House
Euxton Lane
Euxton
Chorley
Lancashire
PR7 6TB

ADLINGTON LAW LIMITED (REGISTERED NUMBER: 07661677)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 344,582 338,502

CURRENT ASSETS
Debtors 5 416,416 264,561
Cash at bank 267,253 87,549
683,669 352,110
CREDITORS
Amounts falling due within one year 6 239,763 231,057
NET CURRENT ASSETS 443,906 121,053
TOTAL ASSETS LESS CURRENT
LIABILITIES

788,488

459,555

CREDITORS
Amounts falling due after more than one
year

7

(594,177

)

(256,452

)

PROVISIONS FOR LIABILITIES (81,900 ) (84,626 )
NET ASSETS 112,411 118,477

CAPITAL AND RESERVES
Called up share capital 100 10
Retained earnings 112,311 118,467
SHAREHOLDERS' FUNDS 112,411 118,477

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.

ADLINGTON LAW LIMITED (REGISTERED NUMBER: 07661677)

BALANCE SHEET - continued
31 March 2024


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 3 October 2024 and were signed by:





Mrs C E Nuttall - Director


ADLINGTON LAW LIMITED (REGISTERED NUMBER: 07661677)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Adlington Law Limited is a private company, limited by shares , registered in England and Wales. 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.

Income recognition
The income shown in the profit and loss account represents revenue recognised by the company in respect of services supplied during the period, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


ADLINGTON LAW LIMITED (REGISTERED NUMBER: 07661677)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 31 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 108,245 87,187 367,293 562,725
Additions - 100,838 54,879 155,717
Disposals - (87,187 ) - (87,187 )
At 31 March 2024 108,245 100,838 422,172 631,255
DEPRECIATION
At 1 April 2023 44,736 30,225 149,262 224,223
Charge for year 12,702 5,042 74,931 92,675
Eliminated on disposal - (30,225 ) - (30,225 )
At 31 March 2024 57,438 5,042 224,193 286,673
NET BOOK VALUE
At 31 March 2024 50,807 95,796 197,979 344,582
At 31 March 2023 63,509 56,962 218,031 338,502

ADLINGTON LAW LIMITED (REGISTERED NUMBER: 07661677)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 87,187
Additions 100,838
Disposals (87,187 )
At 31 March 2024 100,838
DEPRECIATION
At 1 April 2023 30,225
Charge for year 5,042
Eliminated on disposal (30,225 )
At 31 March 2024 5,042
NET BOOK VALUE
At 31 March 2024 95,796
At 31 March 2023 56,962

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 36,922 110,146
Amounts recoverable on contract 47,899 48,337
Other debtors 131,308 -
Directors' current accounts 154,475 86,425
Prepayments and accrued income 45,812 19,653
416,416 264,561

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 107,995 63,900
Hire purchase contracts (see note 8) 10,638 9,314
Trade creditors 35,434 46,835
Tax 475 8,430
Social security and other taxes 18,182 31,980
VAT 42,933 51,088
Other creditors 1,893 2,103
Accrued expenses 22,213 17,407
239,763 231,057

ADLINGTON LAW LIMITED (REGISTERED NUMBER: 07661677)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 109,766 65,078
Bank loans - 2-5 years 404,365 146,354
Bank loans more 5 yr by instal 4,343 -
Hire purchase contracts (see note 8) 75,703 45,020
594,177 256,452

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,343 -

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 10,638 9,314
Between one and five years 75,703 45,020
86,341 54,334

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 86,341 54,334

Hire Purchase creditors are secured on the assets to which they relate.

ADLINGTON LAW LIMITED (REGISTERED NUMBER: 07661677)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mrs C E Nuttall
Balance outstanding at start of year 86,425 60,675
Amounts advanced 70,108 150,860
Amounts repaid - (125,110 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 156,533 86,425

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs C E Nuttall.