Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-2952023-03-01false69102 - Solicitors5falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13228093 2023-03-01 2024-02-29 13228093 2022-03-01 2023-02-28 13228093 2024-02-29 13228093 2023-02-28 13228093 c:Director1 2023-03-01 2024-02-29 13228093 d:OfficeEquipment 2023-03-01 2024-02-29 13228093 d:OfficeEquipment 2024-02-29 13228093 d:OfficeEquipment 2023-02-28 13228093 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 13228093 d:CurrentFinancialInstruments 2024-02-29 13228093 d:CurrentFinancialInstruments 2023-02-28 13228093 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 13228093 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13228093 d:ShareCapital 2024-02-29 13228093 d:ShareCapital 2023-02-28 13228093 d:RetainedEarningsAccumulatedLosses 2024-02-29 13228093 d:RetainedEarningsAccumulatedLosses 2023-02-28 13228093 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-02-29 13228093 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-02-28 13228093 c:FRS102 2023-03-01 2024-02-29 13228093 c:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 13228093 c:FullAccounts 2023-03-01 2024-02-29 13228093 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13228093 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 13228093









TOWER BRIDGE LEGAL LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
TOWER BRIDGE LEGAL LTD
 
 
  
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TOWER BRIDGE LEGAL LTD
FOR THE YEAR ENDED 29 FEBRUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tower Bridge Legal Ltd for the year ended 29 February 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the Board of Directors of Tower Bridge Legal Ltd, as a body, in accordance with the terms of our engagement letter dated 12 November 2024Our work has been undertaken solely to prepare for your approval the financial statements of Tower Bridge Legal Ltd and state those matters that we have agreed to state to the Board of Directors of Tower Bridge Legal Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tower Bridge Legal Ltd and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Tower Bridge Legal Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tower Bridge Legal Ltd. You consider that Tower Bridge Legal Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Tower Bridge Legal Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Fraser Russell Limited
 
77 Francis Road
Edgbaston
Birmingham
B16 8SP

25 November 2024
Page 1

 
TOWER BRIDGE LEGAL LTD
REGISTERED NUMBER: 13228093

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,613
2,648

  
6,613
2,648

Current assets
  

Debtors: amounts falling due within one year
 5 
106,285
15,238

Cash at bank and in hand
 6 
28,339
34,421

  
134,624
49,659

Creditors: amounts falling due within one year
 7 
(119,155)
(47,641)

Net current assets
  
 
 
15,469
 
 
2,018

Total assets less current liabilities
  
22,082
4,666

  

Net assets
  
22,082
4,666


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
21,982
4,566

  
22,082
4,666


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 November 2024.


Page 2

 
TOWER BRIDGE LEGAL LTD
REGISTERED NUMBER: 13228093
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024



Noor-Ul-Aqtab Siddiqi
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
TOWER BRIDGE LEGAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Tower Bridge Legal Limited is a company limited by shares incorporated in England within the United Kingdom, having a registration number of 13228093. The address of the registered office is Cobalt Square, 83 Hagley Road, Birmingham, England, B16 8QG. The principal activity of the company in the year under review was that of solicitors.
The financial statements are presented in sterling which is functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements has been prepared on a going concern basis which assumes that the company will continue to receive support from creditors and the director as and when required.

Page 4

 
TOWER BRIDGE LEGAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
TOWER BRIDGE LEGAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
10%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
TOWER BRIDGE LEGAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

3.


Employees

2024
2023
£
£

Wages and salaries
154,792
126,426

Social security costs
10,461
7,653

Cost of defined contribution scheme
1,950
960

167,203
135,039


The average monthly number of employees, including directors, during the year was 5 (2023 - 5).


4.


Tangible fixed assets







Office equipment

£



Cost or valuation


At 1 March 2023
2,942


Additions
4,732



At 29 February 2024

7,674



Depreciation


At 1 March 2023
294


Charge for the year on owned assets
767



At 29 February 2024

1,061



Net book value



At 29 February 2024
6,613



At 28 February 2023
2,648


5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
105,831
15,235
Page 7

 
TOWER BRIDGE LEGAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.Debtors (continued)


Other debtors
454
3

106,285
15,238



6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
28,339
34,421

28,339
34,421



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
597
725

Corporation tax
14,373
449

Other taxation and social security
33,574
17,112

Other creditors
35,611
29,355

Accruals and deferred income
35,000
-

119,155
47,641



8.


Financial instruments

29 February
28 February
2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
28,339
34,421




9.


Controlling party

During the period, the company under the control of its directors.

Page 8

 
TOWER BRIDGE LEGAL LTD
 
 
 Page 9