2023-04-01 07344841 2024-03-31 07344841 2023-04-01 2024-03-31 07344841 2023-03-31 07344841 2022-04-01 2023-03-31 07344841 uk-core:WithinOneYear 2023-03-31 07344841 uk-core:WithinOneYear 2024-03-31 07344841 uk-core:ShareCapital 2024-03-31 07344841 uk-core:ShareCapital 2023-03-31 07344841 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 07344841 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 07344841 uk-bus:Director1 2023-04-01 2024-03-31 07344841 uk-core:ToolsEquipment 2023-04-01 2024-03-31 07344841 uk-core:FurnitureFittings 2023-04-01 2024-03-31 07344841 uk-core:ToolsEquipment 2023-03-31 07344841 uk-core:FurnitureFittings 2023-03-31 07344841 uk-core:FurnitureFittings 2024-03-31 07344841 uk-core:ToolsEquipment 2024-03-31 07344841 uk-core:WithinOneYear 2024-03-31 07344841 uk-core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure 07344841 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07344841 uk-bus:FRS102 2023-04-01 2024-03-31 07344841 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 07344841 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Nelson Legal U.K. Ltd
Registered Number:07344841
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
07344841
As at 31 March 2024
Nelson Legal U.K. Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
54
72
2
54
72
Current assets
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
Capital and reserves
Called up share capital
100
100
Retained earnings
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.
Giles Nelson Director
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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4
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.
Registered address:
Corona Buildings
Wood Road
Kingswood
Bristol
BS15 8DT
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 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:
33% Straight line
Computer equipment
25% Reducing balance
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.
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5
For the year ended 31 March 2024
Nelson Legal U.K. Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 April 2023
7,537
4,537
3,000
At 31 March 2024
3,000
4,537
7,537
Provision for depreciation and impairment
At 01 April 2023
7,465
4,536
2,929
Charge for year
18
-
18
At 31 March 2024
7,483
4,536
2,947
At 31 March 2024
Net book value
53
1
54
At 31 March 2023
71
1
72
3. Trade and other receivables
2023
2024
£
£
Trade debtors
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
£
£
Bank loans and overdraft
14,106
12,722
Trade creditors
16,082
11,693
Taxation and social security
5,430
6,927
Directors' loan accounts
181
2,011
Other creditors
13,513
12,235
49,312
45,588
5. Related party transactions
Nelson Legal LLP
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
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6
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)
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