Registered Number:07527927 |
For the year ended 28 February 2024
England and Wales
Unaudited Financial Statements
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
West Down Legal Ltd
Statement of Financial Position
2023
2024
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
1
1
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. |
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
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. |
3 Talbot Mead
Hurstpierpoint
Sussex
BN6 9FN
The presentation currency is £ sterling. |
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: |
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 |
4,638
4,638
Provision for depreciation and impairment |
4,638
4,638
-
-
2 of 4
For the year ended 28 February 2024
West Down Legal Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables |
2023
2024
4,009
-
48,243
54,287
54,287
52,252
4. Trade and other payables: amounts falling due within one year |
2023
2024
3,333
6,504
1,606
3,212
Taxation and social security |
30,082
19,872
1,363
1,333
36,384
30,921
5. Trade and other payables: amounts falling due after more than one year |
2023
2024
20,933
24,266
Analysis of creditors falling due after more than five years: |
7,599
10,933
6. Directors advances and guarantees |
Loaned
Repaid
Interest
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
For the year ended 28 February 2024
West Down Legal Ltd
Notes to the Financial Statements Continued
4 of 4