3 false false false false false false false false false false true false false false false false false No description of principal activity 2023-03-01 Sage Accounts Production Advanced 2023 - FRS102_2023 15,873 3,189 19,062 14,240 2,696 16,936 2,126 1,633 xbrli:pure xbrli:shares iso4217:GBP 11228696 2023-03-01 2024-02-28 11228696 2024-02-28 11228696 2023-02-28 11228696 2022-03-01 2023-02-28 11228696 2023-02-28 11228696 2022-02-28 11228696 bus:Director1 2023-03-01 2024-02-28 11228696 core:WithinOneYear 2024-02-28 11228696 core:WithinOneYear 2023-02-28 11228696 core:ShareCapital 2024-02-28 11228696 core:ShareCapital 2023-02-28 11228696 core:RetainedEarningsAccumulatedLosses 2024-02-28 11228696 core:RetainedEarningsAccumulatedLosses 2023-02-28 11228696 bus:SmallEntities 2023-03-01 2024-02-28 11228696 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 11228696 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 11228696 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 11228696 bus:FullAccounts 2023-03-01 2024-02-28 11228696 core:ComputerEquipment 2023-03-01 2024-02-28 11228696 core:ComputerEquipment 2023-02-28 11228696 core:ComputerEquipment 2024-02-28
COMPANY REGISTRATION NUMBER: 11228696
ROOTS LAW LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
28 February 2024
ROOTS LAW LIMITED
STATEMENT OF FINANCIAL POSITION
28 February 2024
2024
2023
Note
£
£
£
FIXED ASSETS
Tangible assets
5
2,126
1,633
CURRENT ASSETS
Debtors
6
187,394
143,157
Cash at bank and in hand
50,503
177,029
---------
---------
237,897
320,186
CREDITORS: amounts falling due within one year
7
( 99,840)
( 191,760)
---------
---------
NET CURRENT ASSETS
138,057
128,426
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
140,183
130,059
---------
---------
NET ASSETS
140,183
130,059
---------
---------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
140,083
129,959
---------
---------
SHAREHOLDERS FUNDS
140,183
130,059
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
ROOTS LAW LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
28 February 2024
These financial statements were approved by the board of directors and authorised for issue on 22 November 2024 , and are signed on behalf of the board by:
A Korenkov
Director
Company registration number: 11228696
ROOTS LAW LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 28 FEBRUARY 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 Lincoln's Inn Fields, London, WC2A 3EG, England.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of services provided, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Income tax
Deferred Taxation is provided using the liability method on all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
33% straight line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. 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 before operating profit.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. TANGIBLE ASSETS
Office equipment
£
Cost
At 1 March 2023
15,873
Additions
3,189
--------
At 28 February 2024
19,062
--------
Depreciation
At 1 March 2023
14,240
Charge for the year
2,696
--------
At 28 February 2024
16,936
--------
Carrying amount
At 28 February 2024
2,126
--------
At 28 February 2023
1,633
--------
6. DEBTORS
2024
2023
£
£
Trade debtors
175,653
127,329
Other debtors
11,741
15,828
---------
---------
187,394
143,157
---------
---------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Corporation tax
36,998
45,988
Social security and other taxes
21,822
36,249
Other creditors
41,020
109,523
--------
---------
99,840
191,760
--------
---------