Registered Number:07344841 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2024
Nelson Legal U.K. Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Nelson Legal U.K. Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
54
72
2
54
72
Trade and other receivables |
79,843
85,588
3
70
Cash and cash equivalents |
70
85,658
79,913
Trade and other payables: amounts falling due within one |
year |
(45,588)
(49,312)
4
34,325
36,346
Net current assets
Total assets less current liabilities |
36,400
34,397
36,400
Net assets
34,397
100
100
36,300
34,297
36,400
34,397
Shareholders' funds
For the year ended 31 March 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 31 March 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their 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 22 November 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2024
Nelson Legal U.K. Ltd
Notes to the Financial Statements
Statutory Information
Nelson Legal U.K. Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 07344841. |
Corona Buildings
Wood Road
Kingswood
Bristol
BS15 8DT
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 as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, 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
Fixtures and fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
2 of 4
For the year ended 31 March 2024
Nelson Legal U.K. Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
7,537
4,537
3,000
3,000
4,537
7,537
Provision for depreciation and impairment |
7,465
4,536
2,929
Charge for year
18
-
18
7,483
4,536
2,947
53
1
54
71
1
72
3. Trade and other receivables |
2023
2024
80,656
74,736
Prepayments and accrued income |
4,932
5,107
79,843
85,588
4. Trade and other payables: amounts falling due within one year |
2023
2024
14,106
12,722
16,082
11,693
Taxation and social security |
5,430
6,927
181
2,011
13,513
12,235
49,312
45,588
5. Related party transactions |
During the year the company provided services to Nelson Legal LLP, an incorporated partnership over which the |
directors had a controlling interest. |
The value of services provided to the LLP amounted to £276,750 (2023: £298,000), included within Turnover. |
The amount oustanding at the balance sheet date was £80,656 (2023: £74,736), included within Trade Debtors |
3 of 4
For the year ended 31 March 2024
Nelson Legal U.K. Ltd
Notes to the Financial Statements Continued
6. Average number of persons employed |
During the year the average number of employees was 6 (2023 : 6)
4 of 4