W.Trumper Legal Services Ltd |
Registered number: |
04525612 |
Balance Sheet |
as at 30 September 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
- |
|
|
706 |
|
Current assets |
Debtors |
4 |
|
1,624 |
|
|
2,044 |
Cash at bank and in hand |
|
|
3,592 |
|
|
13,287 |
|
|
|
5,216 |
|
|
15,331 |
|
Creditors: amounts falling due within one year |
5 |
|
(3,012) |
|
|
(4,332) |
|
Net current assets |
|
|
|
2,204 |
|
|
10,999 |
|
Total assets less current liabilities |
|
|
|
2,204 |
|
|
11,705 |
|
Creditors: amounts falling due after more than one year |
6 |
|
|
- |
|
|
(4,792) |
|
Provisions for liabilities |
|
|
|
- |
|
|
(134) |
|
|
Net assets |
|
|
|
2,204 |
|
|
6,779 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
2,104 |
|
|
6,679 |
|
Shareholders' funds |
|
|
|
2,204 |
|
|
6,779 |
|
|
|
|
|
|
|
|
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. |
|
|
|
|
Mr Wayne Trumper |
Director |
Approved by the board on 25 October 2024 |
|
W.Trumper Legal Services Ltd |
Notes to the Accounts |
for the year ended 30 September 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). |
|
|
Closure of Company |
|
|
The director has decided that they no longer wish to continue trading via a limited company. The business will continue trading as a sole trader going forward. All remaining Net Assets will be transferred over to the new sole trader structure. It is the intention to close the company down and for this reason the accounts have been prepared to cessation and rather than on the going concern basis. The cessation accounts for the limited company have been prepared to the 30th September 2024. |
|
|
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. |
|
|
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: |
|
|
Plant and machinery |
25% reducing balance |
|
Computer Equipment |
33.33% 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. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
£ |
|
Cost |
|
At 1 October 2023 |
7,892 |
|
Disposals |
(7,892) |
|
At 30 September 2024 |
- |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2023 |
7,186 |
|
On disposals |
(7,186) |
|
At 30 September 2024 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2024 |
- |
|
At 30 September 2023 |
706 |
|
|
4 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Trade debtors |
1,624 |
|
1,632 |
|
Overdrawn Directors loan |
|
|
|
|
- |
|
412 |
|
|
|
|
|
|
1,624 |
|
2,044 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Bank loans and overdrafts |
- |
|
833 |
|
Trade creditors |
182 |
|
170 |
|
Taxation and social security costs |
1,555 |
|
2,327 |
|
Other creditors |
1,275 |
|
1,002 |
|
|
|
|
|
|
3,012 |
|
4,332 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
£ |
£ |
|
|
Bank loans |
- |
|
4,792 |
|
|
|
|
|
|
|
|
|
|
7 |
Related party transactions |
|
|
None noted. |
|
8 |
Transactions with Director |
|
|
During the year, Mr Wayne Trumper used a current account with the company to record amounts due to him and amounts drawn by him. The account shows an amount owed back to Mr Wayne Trumper as at 30th September 2024 of £8.72 The account showed an amount overdrawn as at 30th September 2023 of £411.53 this was repaid in full on 25th October 2023 via a dividend declaration. |
|
9 |
Controlling party |
|
|
Mr Wayne Trumper owns 99% of the issued share capital, the remaining 1% is owned by the company secretary, Karen Trumper. Therefore, as majority shareholder Wayne Trumper is the ultimate controlling party of W.Trumper Legal Services Ltd. |
|
|
10 |
Other information |
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|
W.Trumper Legal Services Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is: |
|
Meadow Lodge |
|
Meadow Lane |
|
Abergavenny |
|
Monmouthshire |
|
NP7 7AY |