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REGISTERED NUMBER: 14237699 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

STRIVE LAW LTD

STRIVE LAW LTD (REGISTERED NUMBER: 14237699)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


STRIVE LAW LTD (REGISTERED NUMBER: 14237699)

BALANCE SHEET
31 JULY 2024

2024 2023
as restated
Notes £    £   
FIXED ASSETS
Intangible assets 4 130,438 146,742
Tangible assets 5 9,103 8,854
139,541 155,596

CURRENT ASSETS
Debtors 6 244,322 295,297
Cash at bank 82,790 99,324
327,112 394,621
CREDITORS
Amounts falling due within one year 7 (292,559 ) (149,559 )
NET CURRENT ASSETS 34,553 245,062
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,094

400,658

CREDITORS
Amounts falling due after more than one
year

8

(285,798

)

(477,102

)
NET LIABILITIES (111,704 ) (76,444 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (111,706 ) (76,446 )
(111,704 ) (76,444 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

STRIVE LAW LTD (REGISTERED NUMBER: 14237699)

BALANCE SHEET - continued
31 JULY 2024


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 15 November 2024 and were signed on its behalf by:





A S Remasi - Director


STRIVE LAW LTD (REGISTERED NUMBER: 14237699)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Strive Law Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14237699

Registered office: Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

The presentation currency of the financial statements is the Pound Sterling (£).


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 2023, is being amortised evenly over its estimated useful life of ten 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.

Computer equipment 3-year straight line
Fixtures and fittings 20% reducing balance

Tangible assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the year comprises current 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 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.

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.

STRIVE LAW LTD (REGISTERED NUMBER: 14237699)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued

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.

Going concern
Having considered the company’s projected performance and expected cashflows, the directors have concluded that the company will be able to meet its liabilities as they fall due and is a going concern. As a result, these financial statements are prepared on a going concern basis.

3. EMPLOYEES

The average number of employees during the year was 17 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 163,047
AMORTISATION
At 1 August 2023 16,305
Charge for year 16,304
At 31 July 2024 32,609
NET BOOK VALUE
At 31 July 2024 130,438
At 31 July 2023 146,742

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2023 7,318 1,443 1,850 10,611
Additions - 2,622 - 2,622
Reclassification/transfer (7,318 ) 7,318 - -
At 31 July 2024 - 11,383 1,850 13,233
DEPRECIATION
At 1 August 2023 1,268 133 356 1,757
Charge for year - 1,757 616 2,373
Reclassification/transfer (1,268 ) 1,268 - -
At 31 July 2024 - 3,158 972 4,130
NET BOOK VALUE
At 31 July 2024 - 8,225 878 9,103
At 31 July 2023 6,050 1,310 1,494 8,854

STRIVE LAW LTD (REGISTERED NUMBER: 14237699)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 24,601 65,242
Other debtors 8,600 8,600
Work in progress 30,444 58,351
Directors' loan accounts 12,576 12,348
Prepayments and accrued income 168,101 150,756
244,322 295,297

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Other loans 100,000 -
Trade creditors 15,121 11,893
Social security and other taxes 93 -
VAT 42,038 30,232
Other creditors 74,085 43,975
Directors' loan accounts 50,805 58,808
Accruals and deferred income 10,417 4,651
292,559 149,559

The amount due to the director is interest free and repayable on demand.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
as restated
£    £   
Other loans - 1-2 years 50,000 150,000
Other creditors 235,798 327,102
285,798 477,102

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
as restated
£    £   
Within one year 33,000 27,333
Between one and five years 73,667 106,667
106,667 134,000

STRIVE LAW LTD (REGISTERED NUMBER: 14237699)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 July 2024 and the period ended 31 July 2023:

2024 2023
as restated
£    £   
K L Kneller
Balance outstanding at start of year 12,348 -
Amounts advanced 26,727 14,151
Amounts repaid (26,499 ) (1,803 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,576 12,348

A S Remasi
Balance outstanding at start of year (58,808 ) -
Amounts advanced 33,267 17,774
Amounts repaid (25,264 ) (76,582 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (50,805 ) (58,808 )