2023-02-012024-01-312024-01-31false12383603Exclusive Law Ltd2024-10-2269102iso4217:GBPxbrli:pure123836032023-02-01123836032024-01-31123836032023-02-012024-01-31123836032022-02-01123836032023-01-31123836032022-02-012023-01-3112383603bus:SmallEntities2023-02-012024-01-3112383603bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3112383603bus:FullAccounts2023-02-012024-01-3112383603bus:PrivateLimitedCompanyLtd2023-02-012024-01-3112383603core:WithinOneYear2024-01-3112383603core:AfterOneYear2024-01-3112383603core:WithinOneYear2023-01-3112383603core:AfterOneYear2023-01-3112383603core:ShareCapital2024-01-3112383603core:SharePremium2024-01-3112383603core:RevaluationReserve2024-01-3112383603core:OtherReservesSubtotal2024-01-3112383603core:RetainedEarningsAccumulatedLosses2024-01-3112383603core:ShareCapital2023-01-3112383603core:SharePremium2023-01-3112383603core:RevaluationReserve2023-01-3112383603core:OtherReservesSubtotal2023-01-3112383603core:RetainedEarningsAccumulatedLosses2023-01-3112383603core:LandBuildings2024-01-3112383603core:PlantMachinery2024-01-3112383603core:Vehicles2024-01-3112383603core:FurnitureFittings2024-01-3112383603core:OfficeEquipment2024-01-3112383603core:NetGoodwill2024-01-3112383603core:IntangibleAssetsOtherThanGoodwill2024-01-3112383603core:ListedExchangeTraded2024-01-3112383603core:UnlistedNon-exchangeTraded2024-01-3112383603core:LandBuildings2023-01-3112383603core:PlantMachinery2023-01-3112383603core:Vehicles2023-01-3112383603core:FurnitureFittings2023-01-3112383603core:OfficeEquipment2023-01-3112383603core:NetGoodwill2023-01-3112383603core:IntangibleAssetsOtherThanGoodwill2023-01-3112383603core:ListedExchangeTraded2023-01-3112383603core:UnlistedNon-exchangeTraded2023-01-3112383603core:LandBuildings2023-02-012024-01-3112383603core:PlantMachinery2023-02-012024-01-3112383603core:Vehicles2023-02-012024-01-3112383603core:FurnitureFittings2023-02-012024-01-3112383603core:OfficeEquipment2023-02-012024-01-3112383603core:NetGoodwill2023-02-012024-01-3112383603core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3112383603core:ListedExchangeTraded2023-02-012024-01-3112383603core:UnlistedNon-exchangeTraded2023-02-012024-01-3112383603core:MoreThanFiveYears2023-02-012024-01-3112383603core:Non-currentFinancialInstruments2024-01-3112383603core:Non-currentFinancialInstruments2023-01-3112383603dpl:CostSales2023-02-012024-01-3112383603dpl:DistributionCosts2023-02-012024-01-3112383603core:LandBuildings2023-02-012024-01-3112383603core:PlantMachinery2023-02-012024-01-3112383603core:Vehicles2023-02-012024-01-3112383603core:FurnitureFittings2023-02-012024-01-3112383603core:OfficeEquipment2023-02-012024-01-3112383603dpl:AdministrativeExpenses2023-02-012024-01-3112383603core:NetGoodwill2023-02-012024-01-3112383603core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3112383603dpl:GroupUndertakings2023-02-012024-01-3112383603dpl:ParticipatingInterests2023-02-012024-01-3112383603dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3112383603core:ListedExchangeTraded2023-02-012024-01-3112383603dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3112383603core:UnlistedNon-exchangeTraded2023-02-012024-01-3112383603dpl:CostSales2022-02-012023-01-3112383603dpl:DistributionCosts2022-02-012023-01-3112383603core:LandBuildings2022-02-012023-01-3112383603core:PlantMachinery2022-02-012023-01-3112383603core:Vehicles2022-02-012023-01-3112383603core:FurnitureFittings2022-02-012023-01-3112383603core:OfficeEquipment2022-02-012023-01-3112383603dpl:AdministrativeExpenses2022-02-012023-01-3112383603core:NetGoodwill2022-02-012023-01-3112383603core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3112383603dpl:GroupUndertakings2022-02-012023-01-3112383603dpl:ParticipatingInterests2022-02-012023-01-3112383603dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3112383603core:ListedExchangeTraded2022-02-012023-01-3112383603dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3112383603core:UnlistedNon-exchangeTraded2022-02-012023-01-3112383603core:NetGoodwill2024-01-3112383603core:IntangibleAssetsOtherThanGoodwill2024-01-3112383603core:LandBuildings2024-01-3112383603core:PlantMachinery2024-01-3112383603core:Vehicles2024-01-3112383603core:FurnitureFittings2024-01-3112383603core:OfficeEquipment2024-01-3112383603core:AfterOneYear2024-01-3112383603core:WithinOneYear2024-01-3112383603core:ListedExchangeTraded2024-01-3112383603core:UnlistedNon-exchangeTraded2024-01-3112383603core:ShareCapital2024-01-3112383603core:SharePremium2024-01-3112383603core:RevaluationReserve2024-01-3112383603core:OtherReservesSubtotal2024-01-3112383603core:RetainedEarningsAccumulatedLosses2024-01-3112383603core:NetGoodwill2023-01-3112383603core:IntangibleAssetsOtherThanGoodwill2023-01-3112383603core:LandBuildings2023-01-3112383603core:PlantMachinery2023-01-3112383603core:Vehicles2023-01-3112383603core:FurnitureFittings2023-01-3112383603core:OfficeEquipment2023-01-3112383603core:AfterOneYear2023-01-3112383603core:WithinOneYear2023-01-3112383603core:ListedExchangeTraded2023-01-3112383603core:UnlistedNon-exchangeTraded2023-01-3112383603core:ShareCapital2023-01-3112383603core:SharePremium2023-01-3112383603core:RevaluationReserve2023-01-3112383603core:OtherReservesSubtotal2023-01-3112383603core:RetainedEarningsAccumulatedLosses2023-01-3112383603core:NetGoodwill2022-02-0112383603core:IntangibleAssetsOtherThanGoodwill2022-02-0112383603core:LandBuildings2022-02-0112383603core:PlantMachinery2022-02-0112383603core:Vehicles2022-02-0112383603core:FurnitureFittings2022-02-0112383603core:OfficeEquipment2022-02-0112383603core:AfterOneYear2022-02-0112383603core:WithinOneYear2022-02-0112383603core:ListedExchangeTraded2022-02-0112383603core:UnlistedNon-exchangeTraded2022-02-0112383603core:ShareCapital2022-02-0112383603core:SharePremium2022-02-0112383603core:RevaluationReserve2022-02-0112383603core:OtherReservesSubtotal2022-02-0112383603core:RetainedEarningsAccumulatedLosses2022-02-0112383603core:AfterOneYear2023-02-012024-01-3112383603core:WithinOneYear2023-02-012024-01-3112383603core:Non-currentFinancialInstrumentscore:CostValuation2023-02-012024-01-3112383603core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-02-012024-01-3112383603core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-02-012024-01-3112383603core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-02-012024-01-3112383603core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-02-012024-01-3112383603core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-02-012024-01-3112383603core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3112383603core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3112383603core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3112383603core:Non-currentFinancialInstrumentscore:CostValuation2024-01-3112383603core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-01-3112383603core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-01-3112383603core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-01-3112383603core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-01-3112383603core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-01-3112383603core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-01-3112383603core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-01-3112383603core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-01-3112383603core:Non-currentFinancialInstrumentscore:CostValuation2023-01-3112383603core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-3112383603core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-3112383603core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-3112383603core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-3112383603core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-3112383603core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-3112383603core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-3112383603core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-3112383603bus:Director12023-02-012024-01-31

Exclusive Law Ltd

Registered Number
12383603
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

Exclusive Law Ltd
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

Doyle, Andrew Mark

Registered Address

2nd Floor, St Georges House
56 Peter Street
Manchester
M2 3NQ

Registered Number

12383603 (England and Wales)
Exclusive Law Ltd
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3246,3508,275
Tangible assets412,02516,860
258,37525,135
Current assets
Stocks51,182,121782,169
Debtors61,770,9761,004,333
Cash at bank and on hand67,62156,219
3,020,7181,842,721
Creditors amounts falling due within one year7(2,428,465)(1,783,399)
Net current assets (liabilities)592,25359,322
Total assets less current liabilities850,62884,457
Creditors amounts falling due after one year8(676,084)(37,339)
Net assets174,54447,118
Capital and reserves
Called up share capital100100
Profit and loss account174,44447,018
Shareholders' funds174,54447,118
The financial statements were approved and authorised for issue by the Director on 22 October 2024, and are signed on its behalf by:
Doyle, Andrew Mark
Director
Registered Company No. 12383603
Exclusive Law Ltd
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
At the time of signing these accounts the Directors are of the opinion that the Company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on the Going Concern basis. These accounts are being prepared on the going concern basis, on the understanding that the shareholders will continue to financially support the company via the inter company loan.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
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.
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. Computer software is being amortised evenly over its estimated useful life of five years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings5
Office Equipment3
Stocks and work in progress
Work in progress is valued at the lower of cost and net realisable value. Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
2.Average number of employees

20242023
Average number of employees during the year722
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 February 2311,37511,375
Additions300,438300,438
At 31 January 24311,813311,813
Amortisation and impairment
At 01 February 233,1003,100
Charge for year62,36362,363
At 31 January 2465,46365,463
Net book value
At 31 January 24246,350246,350
At 31 January 238,2758,275
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 February 2325,89825,898
Additions959959
At 31 January 2426,85726,857
Depreciation and impairment
At 01 February 239,0389,038
Charge for year5,7945,794
At 31 January 2414,83214,832
Net book value
At 31 January 2412,02512,025
At 31 January 2316,86016,860
5.Stocks

2024

2023

££
Work in progress1,182,121782,169
Total1,182,121782,169
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables381,060-
Amounts owed by group undertakings851,922473,481
Other debtors523,936513,672
Prepayments and accrued income14,05817,180
Total1,770,9761,004,333
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables948,112785,887
Bank borrowings and overdrafts-3,745
Amounts owed to related parties278,71217,934
Taxation and social security770,423769,618
Other creditors431,218206,215
Total2,428,4651,783,399
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts676,08437,339
Total676,08437,339
9.Creditors: amounts due after 5 years
Bank loan repayable after 5 years 2024 £41,084 (2023 £41,084).