IRIS Accounts Production v24.3.0.553 08034227 director 1.5.23 30.4.24 30.4.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080342272023-04-30080342272024-04-30080342272023-05-012024-04-30080342272022-04-30080342272022-05-012023-04-30080342272023-04-3008034227ns15:EnglandWales2023-05-012024-04-3008034227ns14:PoundSterling2023-05-012024-04-3008034227ns10:Director12023-05-012024-04-3008034227ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3008034227ns10:SmallEntities2023-05-012024-04-3008034227ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3008034227ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3008034227ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3008034227ns10:FullAccounts2023-05-012024-04-3008034227ns10:OrdinaryShareClass12023-05-012024-04-3008034227ns10:RegisteredOffice2023-05-012024-04-3008034227ns5:CurrentFinancialInstruments2024-04-3008034227ns5:CurrentFinancialInstruments2023-04-3008034227ns5:Non-currentFinancialInstruments2024-04-3008034227ns5:Non-currentFinancialInstruments2023-04-3008034227ns5:ShareCapital2024-04-3008034227ns5:ShareCapital2023-04-3008034227ns5:RetainedEarningsAccumulatedLosses2024-04-3008034227ns5:RetainedEarningsAccumulatedLosses2023-04-3008034227ns5:FurnitureFittings2023-05-012024-04-3008034227ns5:ComputerEquipment2023-05-012024-04-3008034227ns5:PlantMachinery2023-04-3008034227ns5:FurnitureFittings2023-04-3008034227ns5:ComputerEquipment2023-04-3008034227ns5:PlantMachinery2023-05-012024-04-3008034227ns5:PlantMachinery2024-04-3008034227ns5:FurnitureFittings2024-04-3008034227ns5:ComputerEquipment2024-04-3008034227ns5:PlantMachinery2023-04-3008034227ns5:FurnitureFittings2023-04-3008034227ns5:ComputerEquipment2023-04-3008034227ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3008034227ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3008034227ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-04-3008034227ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-04-3008034227ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-04-3008034227ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-04-3008034227ns5:AcceleratedTaxDepreciationDeferredTax2024-04-3008034227ns5:AcceleratedTaxDepreciationDeferredTax2023-04-3008034227ns5:DeferredTaxation2023-04-3008034227ns5:DeferredTaxation2023-05-012024-04-3008034227ns5:DeferredTaxation2024-04-3008034227ns10:OrdinaryShareClass12024-04-3008034227ns5:RetainedEarningsAccumulatedLosses2023-04-3008034227ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-30080342271ns10:Director12023-04-30080342271ns10:Director12022-04-30080342271ns10:Director12023-05-012024-04-30080342271ns10:Director12022-05-012023-04-30080342271ns10:Director12024-04-30080342271ns10:Director12023-04-30
REGISTERED NUMBER: 08034227 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

FPK LAW LTD

FPK LAW LTD (REGISTERED NUMBER: 08034227)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FPK LAW LTD

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTOR: Mr F P Kazantzis





REGISTERED OFFICE: C/O Wells Burcombe LLP
5 Holywell Hill
St Albans
Hertfordshire
AL1 1EU





REGISTERED NUMBER: 08034227 (England and Wales)





ACCOUNTANTS: Chartswood Limited
Chartered Certified Accountants
6b Parkway
Porters Wood
St Albans
Hertfordshire
AL3 6PA

FPK LAW LTD (REGISTERED NUMBER: 08034227)

BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,978 874

CURRENT ASSETS
Debtors 5 4,653 63,699
Cash at bank and in hand 123,035 13,749
127,688 77,448
CREDITORS
Amounts falling due within one year 6 62,829 27,705
NET CURRENT ASSETS 64,859 49,743
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,837

50,617

CREDITORS
Amounts falling due after more than one
year

7

(7,584

)

(14,584

)

PROVISIONS FOR LIABILITIES 8 (3,695 ) (166 )
NET ASSETS 68,558 35,867

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 68,557 35,866
SHAREHOLDERS' FUNDS 68,558 35,867

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

FPK LAW LTD (REGISTERED NUMBER: 08034227)

BALANCE SHEET - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2024 and were signed by:





Mr F P Kazantzis - Director


FPK LAW LTD (REGISTERED NUMBER: 08034227)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

FPK Law Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and value added taxes. Turnover includes revenue earned from the provision of services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

FPK LAW LTD (REGISTERED NUMBER: 08034227)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

FPK LAW LTD (REGISTERED NUMBER: 08034227)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 - 750 2,842 3,592
Additions 14,419 314 1,432 16,165
At 30 April 2024 14,419 1,064 4,274 19,757
DEPRECIATION
At 1 May 2023 - 723 1,995 2,718
Charge for year 1,602 20 439 2,061
At 30 April 2024 1,602 743 2,434 4,779
NET BOOK VALUE
At 30 April 2024 12,817 321 1,840 14,978
At 30 April 2023 - 27 847 874

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors - 1,336
Other debtors 365 197
Directors' current accounts - 5,589
Tax - 1,336
Prepayments and accrued income 4,288 55,241
4,653 63,699

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 7,000 7,000
Trade creditors 168 -
Taxation 46,848 13,818
Social security and other taxes 20 75
Value added tax 7,143 5,503
Directors' current accounts 313 -
Accruals 1,337 1,309
62,829 27,705

FPK LAW LTD (REGISTERED NUMBER: 08034227)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 7,000 7,000
Bank loans - 2-5 years 584 7,584
7,584 14,584

8. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax
Accelerated capital allowances 3,695 166

Deferred
tax
£   
Balance at 1 May 2023 166
Provided during year 3,529
Balance at 30 April 2024 3,695

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Retained
earnings
£   

At 1 May 2023 35,866
Profit for the year 154,691
Dividends (122,000 )
At 30 April 2024 68,557

FPK LAW LTD (REGISTERED NUMBER: 08034227)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Mr F P Kazantzis
Balance outstanding at start of year 5,589 10,205
Amounts advanced 164,051 5,589
Amounts repaid (169,953 ) (10,205 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (313 ) 5,589