Registered number
09964293
SR Legal Consultancy Limited
Filleted Accounts
31 January 2024
SR Legal Consultancy Limited
Registered number: 09964293
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 2,868 3,586
Current assets
Debtors 5 - 3,200
Creditors: amounts falling due within one year 6 (123,009) (89,836)
Net current liabilities (123,009) (86,636)
Total assets less current liabilities (120,141) (83,050)
Creditors: amounts falling due after more than one year 7 (37,029) (39,200)
Net liabilities (157,170) (122,250)
Capital and reserves
Called up share capital 100 100
Profit and loss account (157,270) (122,350)
Shareholders' funds (157,170) (122,250)
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.
H Dlay
Director
Approved by the board on 10 October 2024
SR Legal Consultancy 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).
Going Concern
After reviewing the company’s expectations and future trading conditions, the directors have a reasonable expectation that the company has adequate resources to continue in operational
existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% per annum reducing balance
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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2023 110,000
At 31 January 2024 110,000
Amortisation
At 1 February 2023 110,000
At 31 January 2024 110,000
Net book value
At 31 January 2024 -
Goodwill has been written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 8,964
At 31 January 2024 8,964
Depreciation
At 1 February 2023 5,378
Charge for the year 718
At 31 January 2024 6,096
Net book value
At 31 January 2024 2,868
At 31 January 2023 3,586
5 Debtors 2024 2023
£ £
Trade debtors - 3,200
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,956 12,413
Trade creditors 5,705 4,914
Taxation and social security costs 106,823 72,646
Other creditors 5,525 (137)
123,009 89,836
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 37,029 39,200
8 Other information
SR Legal Consultancy Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Old Court House
London Road
Ascot
Berkshire, England
SL5 7EN
SR Legal Consultancy Limited 09964293 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts April 2024 H Dlay No description of principal activity 09964293 2022-02-01 2023-01-31 09964293 core:WithinOneYear 2023-01-31 09964293 core:AfterOneYear 2023-01-31 09964293 core:ShareCapital 2023-01-31 09964293 core:RetainedEarningsAccumulatedLosses 2023-01-31 09964293 2023-02-01 2024-01-31 09964293 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09964293 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 09964293 bus:Director40 2023-02-01 2024-01-31 09964293 1 2023-02-01 2024-01-31 09964293 2 2023-02-01 2024-01-31 09964293 core:PlantMachinery 2023-02-01 2024-01-31 09964293 countries:England 2023-02-01 2024-01-31 09964293 bus:FRS102 2023-02-01 2024-01-31 09964293 bus:FilletedAccounts 2023-02-01 2024-01-31 09964293 2024-01-31 09964293 core:WithinOneYear 2024-01-31 09964293 core:AfterOneYear 2024-01-31 09964293 core:ShareCapital 2024-01-31 09964293 core:RetainedEarningsAccumulatedLosses 2024-01-31 09964293 core:Goodwill 2024-01-31 09964293 core:PlantMachinery 2024-01-31 09964293 2023-01-31 09964293 core:Goodwill 2023-01-31 09964293 core:PlantMachinery 2023-01-31 iso4217:GBP xbrli:pure