Company Registration No. 07527765 (England and Wales)
Defence Law Limited
Unaudited accounts
for the year ended 29 February 2024
Defence Law Limited
Unaudited accounts
Contents
Defence Law Limited
Company Information
for the year ended 29 February 2024
Company Number
07527765 (England and Wales)
Registered Office
Rutland House
23-25 Friar Lane
Leicester
LE1 5QQ
United Kingdom
Accountants
RPS Accountants Ltd
50 Brabazon Road
Oadby
Leicester
LE2 5HD
Defence Law Limited
Statement of financial position
as at 29 February 2024
Tangible assets
3,476
3,636
Cash at bank and in hand
465,614
217,783
Creditors: amounts falling due within one year
(128,958)
(149,466)
Net current assets
368,349
139,267
Total assets less current liabilities
371,825
142,903
Provisions for liabilities
Net assets
371,165
142,212
Called up share capital
1
1
Capital redemption reserve
(100,000)
(100,000)
Profit and loss account
471,164
242,211
Shareholders' funds
371,165
142,212
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 November 2024 and were signed on its behalf by
Hinesh Bhayani
Director
Company Registration No. 07527765
Defence Law Limited
Notes to the Accounts
for the year ended 29 February 2024
Defence Law Limited is a private company, limited by shares, registered in England and Wales, registration number 07527765. The registered office is Rutland House, 23-25 Friar Lane, Leicester, LE1 5QQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Basic financial assets, which includes debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Defence Law Limited
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Total
At 29 February 2024
17,907
At 29 February 2024
14,431
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
7
Average number of employees
During the year the average number of employees was 3 (2023: 7).