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REGISTERED NUMBER: 06837013 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

JAMES LEGAL LIMITED

JAMES LEGAL LIMITED (REGISTERED NUMBER: 06837013)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


JAMES LEGAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: N J Miller
S Young
Ms C Leaning
M Stoney
B Swarbrick





REGISTERED OFFICE: Planet House
2 Woodhouse Street
Hedon Road
Hull
E. Yorks
HU9 1RJ





REGISTERED NUMBER: 06837013 (England and Wales)





ACCOUNTANTS: Majors Limited
F15 The Bloc
38 Springfield Way
Anlaby
Hull
E. Yorks
HU10 6RJ

JAMES LEGAL LIMITED (REGISTERED NUMBER: 06837013)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 56,156 3,706
56,156 3,706

CURRENT ASSETS
Debtors 6 444,773 373,218
Cash at bank 694,376 903,682
1,139,149 1,276,900
CREDITORS
Amounts falling due within one year 7 397,860 465,128
NET CURRENT ASSETS 741,289 811,772
TOTAL ASSETS LESS CURRENT
LIABILITIES

797,445

815,478

PROVISIONS FOR LIABILITIES 3,034 794
NET ASSETS 794,411 814,684

CAPITAL AND RESERVES
Called up share capital 11,110 11,110
Retained earnings 783,301 803,574
SHAREHOLDERS' FUNDS 794,411 814,684

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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 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.

JAMES LEGAL LIMITED (REGISTERED NUMBER: 06837013)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2024 and were signed on its behalf by:





N J Miller - Director


JAMES LEGAL LIMITED (REGISTERED NUMBER: 06837013)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

James Legal Limited 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.

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 represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


JAMES LEGAL LIMITED (REGISTERED NUMBER: 06837013)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

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 34 (2023 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 4,325
AMORTISATION
At 1 April 2023
and 31 March 2024 4,325
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

JAMES LEGAL LIMITED (REGISTERED NUMBER: 06837013)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 - 73,132 73,132
Additions 42,000 15,912 57,912
At 31 March 2024 42,000 89,044 131,044
DEPRECIATION
At 1 April 2023 - 69,426 69,426
Charge for year - 5,462 5,462
At 31 March 2024 - 74,888 74,888
NET BOOK VALUE
At 31 March 2024 42,000 14,156 56,156
At 31 March 2023 - 3,706 3,706

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 117,430 83,474
Amounts recoverable on contract 87,458 102,892
Other debtors 50,959 53,159
Directors' current accounts 40,000 -
Prepayments and accrued income 148,926 133,693
444,773 373,218

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,743 13,450
Tax 163,923 145,368
Social security and other taxes 22,104 20,111
VAT 97,349 116,609
Directors' current accounts 240 22,481
Accrued expenses 110,501 147,109
397,860 465,128

The bank loan is secured with a floating charge over the assets of the company.

JAMES LEGAL LIMITED (REGISTERED NUMBER: 06837013)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
S Young
Balance outstanding at start of year (14,679 ) 4,099
Amounts advanced 89,747 26,277
Amounts repaid (35,068 ) (45,055 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 40,000 (14,679 )