Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 08659985 Mrs Jennifer Watts-Thomas iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08659985 2023-01-31 08659985 2024-01-31 08659985 2023-02-01 2024-01-31 08659985 frs-core:CurrentFinancialInstruments 2024-01-31 08659985 frs-core:Non-currentFinancialInstruments 2024-01-31 08659985 frs-core:ComputerEquipment 2024-01-31 08659985 frs-core:ComputerEquipment 2023-02-01 2024-01-31 08659985 frs-core:ComputerEquipment 2023-01-31 08659985 frs-core:FurnitureFittings 2024-01-31 08659985 frs-core:FurnitureFittings 2023-02-01 2024-01-31 08659985 frs-core:FurnitureFittings 2023-01-31 08659985 frs-core:ShareCapital 2024-01-31 08659985 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 08659985 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08659985 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 08659985 frs-bus:SmallEntities 2023-02-01 2024-01-31 08659985 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08659985 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08659985 frs-bus:Director1 2023-02-01 2024-01-31 08659985 frs-bus:Director1 2023-01-31 08659985 frs-bus:Director1 2024-01-31 08659985 frs-countries:EnglandWales 2023-02-01 2024-01-31 08659985 2022-01-31 08659985 2023-01-31 08659985 2022-02-01 2023-01-31 08659985 frs-core:CurrentFinancialInstruments 2023-01-31 08659985 frs-core:Non-currentFinancialInstruments 2023-01-31 08659985 frs-core:ShareCapital 2023-01-31 08659985 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 08659985
Watts Law Group Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Pennington Silver
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08659985
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,049 -
1,049 -
CURRENT ASSETS
Debtors 5 474,295 223,246
Cash at bank and in hand - 19,704
474,295 242,950
Creditors: Amounts Falling Due Within One Year 6 (329,846 ) (184,165 )
NET CURRENT ASSETS (LIABILITIES) 144,449 58,785
TOTAL ASSETS LESS CURRENT LIABILITIES 145,498 58,785
Creditors: Amounts Falling Due After More Than One Year 7 (29,891 ) (54,271 )
NET ASSETS 115,607 4,514
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 115,507 4,414
SHAREHOLDERS' FUNDS 115,607 4,514
Page 1
Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Jennifer Watts-Thomas
Director
02/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Watts Law Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08659985 . The registered office is Suite1 21 Avondale Road, Southport, PR9 0EP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 rendering of services.
Rendering of services
Turnover from the rendering of services is recognised by reference to hours worked on the clients' cases. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 33% on cost
Computer Equipment 33% on cost
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 409 12,900 13,309
Additions - 1,566 1,566
As at 31 January 2024 409 14,466 14,875
Depreciation
As at 1 February 2023 409 12,900 13,309
Provided during the period - 517 517
As at 31 January 2024 409 13,417 13,826
Net Book Value
As at 31 January 2024 - 1,049 1,049
As at 1 February 2023 - - -
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 236,220 151,030
Other debtors 238,075 72,216
474,295 223,246
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 182
Bank loans and overdrafts 40,942 39,794
Other creditors 12,890 9,100
Taxation and social security 276,014 135,089
329,846 184,165
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2-5yrs 29,891 54,271
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mrs Jennifer Watts-Thomas 34,436 103,119 - - 137,555
The above loan is unsecured, interest free and repayable on demand.
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