2023-06-012024-05-312024-05-31false12036323MICHAEL COOK LAW FIRM LIMITED2024-10-28iso4217:GBPxbrli:pure120363232023-06-01120363232024-05-31120363232023-06-012024-05-31120363232022-06-01120363232023-05-31120363232022-06-012023-05-3112036323bus:SmallEntities2023-06-012024-05-3112036323bus:AuditExempt-NoAccountantsReport2023-06-012024-05-3112036323bus:FullAccounts2023-06-012024-05-3112036323bus:PrivateLimitedCompanyLtd2023-06-012024-05-3112036323core:WithinOneYear2024-05-3112036323core:AfterOneYear2024-05-3112036323core:WithinOneYear2023-05-3112036323core:AfterOneYear2023-05-3112036323core:ShareCapital2024-05-3112036323core:SharePremium2024-05-3112036323core:RevaluationReserve2024-05-3112036323core:OtherReservesSubtotal2024-05-3112036323core:RetainedEarningsAccumulatedLosses2024-05-3112036323core:ShareCapital2023-05-3112036323core:SharePremium2023-05-3112036323core:RevaluationReserve2023-05-3112036323core:OtherReservesSubtotal2023-05-3112036323core:RetainedEarningsAccumulatedLosses2023-05-3112036323core:LandBuildings2024-05-3112036323core:PlantMachinery2024-05-3112036323core:Vehicles2024-05-3112036323core:FurnitureFittings2024-05-3112036323core:OfficeEquipment2024-05-3112036323core:NetGoodwill2024-05-3112036323core:IntangibleAssetsOtherThanGoodwill2024-05-3112036323core:ListedExchangeTraded2024-05-3112036323core:UnlistedNon-exchangeTraded2024-05-3112036323core:LandBuildings2023-05-3112036323core:PlantMachinery2023-05-3112036323core:Vehicles2023-05-3112036323core:FurnitureFittings2023-05-3112036323core:OfficeEquipment2023-05-3112036323core:NetGoodwill2023-05-3112036323core:IntangibleAssetsOtherThanGoodwill2023-05-3112036323core:ListedExchangeTraded2023-05-3112036323core:UnlistedNon-exchangeTraded2023-05-3112036323core:LandBuildings2023-06-012024-05-3112036323core:PlantMachinery2023-06-012024-05-3112036323core:Vehicles2023-06-012024-05-3112036323core:FurnitureFittings2023-06-012024-05-3112036323core:OfficeEquipment2023-06-012024-05-3112036323core:NetGoodwill2023-06-012024-05-3112036323core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3112036323core:ListedExchangeTraded2023-06-012024-05-3112036323core:UnlistedNon-exchangeTraded2023-06-012024-05-3112036323core:MoreThanFiveYears2023-06-012024-05-3112036323core:Non-currentFinancialInstruments2024-05-3112036323core:Non-currentFinancialInstruments2023-05-3112036323dpl:CostSales2023-06-012024-05-3112036323dpl:DistributionCosts2023-06-012024-05-3112036323core:LandBuildings2023-06-012024-05-3112036323core:PlantMachinery2023-06-012024-05-3112036323core:Vehicles2023-06-012024-05-3112036323core:FurnitureFittings2023-06-012024-05-3112036323core:OfficeEquipment2023-06-012024-05-3112036323dpl:AdministrativeExpenses2023-06-012024-05-3112036323core:NetGoodwill2023-06-012024-05-3112036323core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3112036323dpl:GroupUndertakings2023-06-012024-05-3112036323dpl:ParticipatingInterests2023-06-012024-05-3112036323dpl:GroupUndertakingscore:ListedExchangeTraded2023-06-012024-05-3112036323core:ListedExchangeTraded2023-06-012024-05-3112036323dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-06-012024-05-3112036323core:UnlistedNon-exchangeTraded2023-06-012024-05-3112036323dpl:CostSales2022-06-012023-05-3112036323dpl:DistributionCosts2022-06-012023-05-3112036323core:LandBuildings2022-06-012023-05-3112036323core:PlantMachinery2022-06-012023-05-3112036323core:Vehicles2022-06-012023-05-3112036323core:FurnitureFittings2022-06-012023-05-3112036323core:OfficeEquipment2022-06-012023-05-3112036323dpl:AdministrativeExpenses2022-06-012023-05-3112036323core:NetGoodwill2022-06-012023-05-3112036323core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3112036323dpl:GroupUndertakings2022-06-012023-05-3112036323dpl:ParticipatingInterests2022-06-012023-05-3112036323dpl:GroupUndertakingscore:ListedExchangeTraded2022-06-012023-05-3112036323core:ListedExchangeTraded2022-06-012023-05-3112036323dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-06-012023-05-3112036323core:UnlistedNon-exchangeTraded2022-06-012023-05-3112036323core:NetGoodwill2024-05-3112036323core:IntangibleAssetsOtherThanGoodwill2024-05-3112036323core:LandBuildings2024-05-3112036323core:PlantMachinery2024-05-3112036323core:Vehicles2024-05-3112036323core:FurnitureFittings2024-05-3112036323core:OfficeEquipment2024-05-3112036323core:AfterOneYear2024-05-3112036323core:WithinOneYear2024-05-3112036323core:ListedExchangeTraded2024-05-3112036323core:UnlistedNon-exchangeTraded2024-05-3112036323core:ShareCapital2024-05-3112036323core:SharePremium2024-05-3112036323core:RevaluationReserve2024-05-3112036323core:OtherReservesSubtotal2024-05-3112036323core:RetainedEarningsAccumulatedLosses2024-05-3112036323core:NetGoodwill2023-05-3112036323core:IntangibleAssetsOtherThanGoodwill2023-05-3112036323core:LandBuildings2023-05-3112036323core:PlantMachinery2023-05-3112036323core:Vehicles2023-05-3112036323core:FurnitureFittings2023-05-3112036323core:OfficeEquipment2023-05-3112036323core:AfterOneYear2023-05-3112036323core:WithinOneYear2023-05-3112036323core:ListedExch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MICHAEL COOK LAW FIRM LIMITED

Registered Number
12036323
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

MICHAEL COOK LAW FIRM LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

M Cook

Registered Address

12 Blandford Place
Seaham
SR7 7EL

Registered Number

12036323 (England and Wales)
MICHAEL COOK LAW FIRM LIMITED
Statement of Financial Position
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets35,9534,533
5,9534,533
Current assets
Stocks438,12340,000
Debtors57,30016,785
Cash at bank and on hand9,0376,672
54,46063,457
Creditors amounts falling due within one year6(46,129)(45,329)
Net current assets (liabilities)8,33118,128
Total assets less current liabilities14,28422,661
Creditors amounts falling due after one year7(11,750)(21,250)
Net assets2,5341,411
Capital and reserves
Called up share capital100100
Profit and loss account2,4341,311
Shareholders' funds2,5341,411
The financial statements were approved and authorised for issue by the Director on 28 October 2024, and are signed on its behalf by:
M Cook
Director
Registered Company No. 12036323
MICHAEL COOK LAW FIRM LIMITED
Notes to the Financial Statements
for the year ended 31 May 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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). There were no material departures from the standard. The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Revenue from sale of goods
Turnover represents amounts chargeable to clients for professional services provided during the year excluding sales tax and third-party invoiced disbursements. Revenue is recognised on an individual engagement basis when the right to consideration has been obtained from the client in exchange for work performed and where the recoverability of the consideration can be assessed with reasonable certainty. Turnover in respect of contingent fee assignments (over and above any agreed minimum fee) is only recognised when the contingent event occurs, and collectability of the fee is assured.
Operating leases
Rentals paid under operating leases are charges to profit or loss on a straight line basis over the period of the lease.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
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.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
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.
Tangible fixed assets and depreciation
Tangible fixed assets are measured as cost less accumulated depreciation and impairment. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Reducing balance (%)
Fixtures and fittings25
Office Equipment25
Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and selling price less estimated costs to sell, after making sue allowance for obsolete and slow moving items. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell.
Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.
2.Average number of employees

20242023
Average number of employees during the year67
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 June 233,3383,8187,156
Additions1,0692,0043,073
At 31 May 244,4075,82210,229
Depreciation and impairment
At 01 June 238951,7282,623
Charge for year8398151,654
Other adjustments(1)-(1)
At 31 May 241,7332,5434,276
Net book value
At 31 May 242,6743,2795,953
At 31 May 232,4432,0904,533
4.Stocks

2024

2023

££
Work in progress38,12340,000
Total38,12340,000
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables7,08415,583
Other debtors-854
Prepayments and accrued income216348
Total7,30016,785
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables15,0946,823
Bank borrowings and overdrafts9,50019,500
Taxation and social security14,87614,913
Dividends payable435540
Other creditors4,7252,053
Accrued liabilities and deferred income1,4991,500
Total46,12945,329
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts11,75021,250
Total11,75021,250
8.Secured creditors
The following secured debts are included within creditors: Bank Loans 2024: £21,250 2023: £40,750 The bank loan is secured by fixed and floating charge over all the assets of the company.
9.Share capital
Allotted, issued and fully paid: 100 Ordinary Shares, Nominal Value £1 Total 2024: £100 2023: £100
10.Related party transactions
There were no related party transactions other than those concluded under normal market conditions, expect for those shown below; Amounts due to directors : 2024 £435 2023: £540