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REGISTERED NUMBER: 13224575 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2024

for

Torkington Legal Services Limited

Torkington Legal Services Limited (Registered number: 13224575)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Torkington Legal Services Limited

Company Information
for the Year Ended 28 February 2024







DIRECTOR: P J Lewis Torkington





REGISTERED OFFICE: M.01 Tomorrow
Blue
Mediacityuk
M50 2AB





REGISTERED NUMBER: 13224575 (England and Wales)





ACCOUNTANTS: Summit Accountants Limited
M.01 Tomorrow
MediaCityUK
Salford
Greater Manchester
M50 2AB

Torkington Legal Services Limited (Registered number: 13224575)

Statement of Financial Position
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,722 8,805

CURRENT ASSETS
Debtors 5 96,186 83,974
Cash at bank 45,495 14,313
141,681 98,287
CREDITORS
Amounts falling due within one year 6 70,691 56,979
NET CURRENT ASSETS 70,990 41,308
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,712

50,113

PROVISIONS FOR LIABILITIES 4,180 2,201
NET ASSETS 83,532 47,912

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 83,432 47,812
83,532 47,912

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Torkington Legal Services Limited (Registered number: 13224575)

Statement of Financial Position - continued
28 February 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 director and authorised for issue on 26 November 2024 and were signed by:





P J Lewis Torkington - Director


Torkington Legal Services Limited (Registered number: 13224575)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

Torkington Legal Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is recognised when, and to the extent that, the company obtains the right to consideration. The point of recognition is after the service has been performed, when the risk and rewards associated with the goods/services have been transferred or in accordance with contractual terms. Turnover excludes value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on cost

Taxation
Taxation for the year comprises current and deferred 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 or deferred 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

Torkington Legal Services Limited (Registered number: 13224575)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 12,125
Additions 13,577
At 28 February 2024 25,702
DEPRECIATION
At 1 March 2023 3,320
Charge for year 5,660
At 28 February 2024 8,980
NET BOOK VALUE
At 28 February 2024 16,722
At 28 February 2023 8,805

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade debtors 88,568 81,340
Other debtors 7,618 2,634
96,186 83,974

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade creditors 9,445 1,909
Taxation and social security 60,115 49,809
Other creditors 1,131 5,261
70,691 56,979

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As of 28 February 2024 £16 was owed by the company to the director.
No formal repayments have been agreed.