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REGISTERED NUMBER: 10566328 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

NAL Business Law Limited

NAL Business Law Limited (Registered number: 10566328)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NAL Business Law Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S C Newman
E Willis





REGISTERED OFFICE: Ls16 Armstrong House First Avenue
Auckley
Doncaster
DN9 3GA





REGISTERED NUMBER: 10566328 (England and Wales)





ACCOUNTANTS: C. Hart & Company (Hull) Limited
74 Kenilworth Avenue
Hull
HU5 4BH

NAL Business Law Limited (Registered number: 10566328)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,000 7,200
Tangible assets 5 2,878 3,452
8,878 10,652

CURRENT ASSETS
Stocks 6,000 8,600
Debtors 6 80,478 79,209
Cash at bank and in hand 160,032 147,363
246,510 235,172
CREDITORS
Amounts falling due within one year 7 77,635 87,535
NET CURRENT ASSETS 168,875 147,637
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,753

158,289

CREDITORS
Amounts falling due after more than
one year

8

25,587

30,395
NET ASSETS 152,166 127,894

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 152,065 127,793
152,166 127,894

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

NAL Business Law Limited (Registered number: 10566328)

Balance Sheet - continued
31 December 2023


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 Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





S C Newman - Director


NAL Business Law Limited (Registered number: 10566328)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

NAL Business 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

Stocks
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.

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.


NAL Business Law Limited (Registered number: 10566328)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 12,000
AMORTISATION
At 1 January 2023 4,800
Charge for year 1,200
At 31 December 2023 6,000
NET BOOK VALUE
At 31 December 2023 6,000
At 31 December 2022 7,200

NAL Business Law Limited (Registered number: 10566328)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 5,746
DEPRECIATION
At 1 January 2023 2,294
Charge for year 574
At 31 December 2023 2,868
NET BOOK VALUE
At 31 December 2023 2,878
At 31 December 2022 3,452

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 42,341 45,319
Other debtors 38,137 33,890
80,478 79,209

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 11,211 12,439
Taxation and social security 56,672 64,193
Other creditors 9,752 10,903
77,635 87,535

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 25,587 30,395