2023-03-01 07527927 2024-02-28 07527927 2023-03-01 2024-02-28 07527927 2023-02-28 07527927 2022-03-01 2023-02-28 07527927 uk-core:WithinOneYear 2023-02-28 07527927 uk-core:WithinOneYear 2024-02-28 07527927 uk-core:AfterOneYear 2023-02-28 07527927 uk-core:AfterOneYear 2024-02-28 07527927 uk-core:ShareCapital 2024-02-28 07527927 uk-core:ShareCapital 2023-02-28 07527927 uk-core:RetainedEarningsAccumulatedLosses 2024-02-28 07527927 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 07527927 uk-bus:Director1 2023-03-01 2024-02-28 07527927 uk-core:ComputerEquipment 2023-03-01 2024-02-28 07527927 uk-core:WithinOneYear 2024-02-28 07527927 uk-core:WithinOneYear 2023-02-28 07527927 uk-core:AfterOneYear uk-core:Secured 2024-02-28 07527927 uk-core:AfterOneYear uk-core:Secured 2023-02-28 07527927 uk-core:IndeterminateMaturityNon-expiringFinancialInstruments 2024-02-28 07527927 uk-core:IndeterminateMaturityNon-expiringFinancialInstruments 2023-02-28 07527927 2 uk-bus:Director1 2023-03-01 2024-02-28 07527927 2 uk-bus:Director1 2023-02-28 07527927 2 uk-bus:Director1 2024-02-28 iso4217:GBP xbrli:pure 07527927 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 07527927 uk-bus:FRS102 2023-03-01 2024-02-28 07527927 uk-bus:FilletedAccounts 2023-03-01 2024-02-28 07527927 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28
West Down Legal Ltd
Registered Number:07527927
For the year ended 28 February 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2024
West Down Legal Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
07527927
As at 28 February 2024
West Down Legal Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Current assets
Trade and other receivables
54,287
52,252
3
1,048
Cash and cash equivalents
9,184
61,436
55,335
Trade and other payables: amounts falling due within one
year
(30,921)
(36,384)
4
24,414
25,052
Net current assets
Total assets less current liabilities
25,052
24,414
Trade and other payables: amounts falling due after more
than one year
(24,266)
(20,933)
5
4,119
Net assets
148
Capital and reserves
Called up share capital
1
1
Retained earnings
4,118
147
4,119
148
Shareholders' funds
For the year ended 28 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 of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
J C O Nicholls Director
These financial statements were approved and authorised for issue by the Board on 13 September 2024 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 28 February 2024
West Down Legal Ltd
Notes to the Financial Statements
Statutory Information
West Down Legal Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07527927.
Registered address:
3 Talbot Mead
Hurstpierpoint
Sussex
BN6 9FN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention..
Revenue recognition
Turnover is measured at the fair value of the consideration receivable, excluding value added tax, for services provided.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Straight line
Computer Equipment
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.
2. Property, plant and equipment
Computer
Equipment
£
Cost or
valuation
At 01 March 2023
4,638
At 28 February 2024
4,638
Provision for depreciation and impairment
At 01 March 2023
4,638
At 28 February 2024
4,638
At 28 February 2024
Net book value
-
At 28 February 2023
-
2 of 4
5
For the year ended 28 February 2024
West Down Legal Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Trade debtors
4,009
-
Other debtors
48,243
54,287
54,287
52,252
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
3,333
6,504
Trade creditors
1,606
3,212
Taxation and social security
30,082
19,872
Other creditors
1,363
1,333
36,384
30,921
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
20,933
24,266
Analysis of creditors falling due after more than five years:
Payable by instalments
7,599
10,933
6. Directors advances and guarantees
Loaned
Repaid
Interest
At 01/03/2023
At 28/02/2024
£
£
£
£
£
J C O Nicholls
Loan
54,265
43,599
42,520
54,265
1,079
54,265
43,599
42,520
54,265
1,079
As at 28 February 2024 there was a balance outstanding from the director of £43,599 (2023: £54,265). This is
included in Other debtors in note 5 to the accounts. Interest has been charged on the loan using the HMRC official
rates of interest. The interest charge is included within the profit and loss account. The loan is repayable on demand
and was repaid in full after the year end.
7. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
3 of 4
6
For the year ended 28 February 2024
West Down Legal Ltd
Notes to the Financial Statements Continued
4 of 4