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Registered number: 10049268
THEITALIANLAWYER LTD
Unaudited Financial Statements
For The Year Ended 31 March 2024
SIMPARTNERS LTD
Ludgate House
107-111 Fleet Street
London
EC4A 2AB
Contents
Page
Company Information 1
Balance Sheet 2—3
Statement of Changes in Equity 4
Notes to the Financial Statements 5—6
Page 1
Company Information
Director Mr Riccardo Virga
Company Number 10049268
Registered Office 16 Upper Woburn Place
London
WC1H 0AF
Business 16 Upper Woburn Place
London
WC1H 0AF
Accountants SIMPARTNERS LTD
Ludgate House
107-111 Fleet Street
London
EC4A 2AB
THEITALIANLAWYER LTD provides legal, patent and copyright activities.
Page 1
Page 2
Balance Sheet
Registered number: 10049268
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 219 281
219 281
CURRENT ASSETS
Cash at bank and in hand 119,603 89,604
119,603 89,604
Creditors: Amounts Falling Due Within One Year 5 (10,585 ) (8,616 )
NET CURRENT ASSETS (LIABILITIES) 109,018 80,988
TOTAL ASSETS LESS CURRENT LIABILITIES 109,237 81,269
Creditors: Amounts Falling Due After More Than One Year 6 (4,436 ) (8,697 )
NET ASSETS 104,801 72,572
CAPITAL AND RESERVES
Called up share capital 7 10 10
Share premium account 104,791 72,561
Profit and Loss Account - 1
SHAREHOLDERS' FUNDS 104,801 72,572
Page 2
Page 3
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Riccardo Virga
Director
15/11/2024
The notes on pages 5 to 6 form part of these financial statements.
Page 3
Page 4
Statement of Changes in Equity
Share Capital Share Premium Capital Redemption Profit and Loss Account Total
£ £ £ £ £
As at 1 April 2022 10 - 38,901 1 38,912
Profit for the year and total comprehensive income - - - 24,495 24,495
Dividends paid - - - (24,495) (24,495)
Purchase of own shares - 72,561 (38,901 ) - 33,660
As at 31 March 2023 and 1 April 2023 10 72,561 - 1 72,572
Profit for the year and total comprehensive income - - - 69,356 69,356
Dividends paid - - - (69,356) (69,356)
Purchase of own shares - 32,230 - - 32,230
As at 31 March 2024 10 104,791 - - 104,801
Page 4
Page 5
Notes to the Financial Statements
1. General Information
THEITALIANLAWYER LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10049268 . The registered office is 16 Upper Woburn Place, London, WC1H 0AF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is recognised on accrual basis the earlier of invoice date and payment date.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Reducing balance method
Computer Equipment Reducing Balance Method
Residual values were re-assessed during this tax year.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 160 385 545
As at 31 March 2024 160 385 545
Depreciation
As at 1 April 2023 120 144 264
Provided during the period - 62 62
As at 31 March 2024 120 206 326
Net Book Value
As at 31 March 2024 40 179 219
As at 1 April 2023 40 241 281
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 (1 )
Bank loans and overdrafts 3,968 3,968
VAT 6,616 4,649
10,585 8,616
Page 5
Page 6
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,436 8,697
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
8. Reserves
Share premium reflects the owner's capital and funds invested in the business at 31 March 2024. It includes also dividends re-invested in the Company.
Page 6