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REGISTERED NUMBER: 09690836 (England and Wales)















GWYN JAMES LEGAL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024






GWYN JAMES LEGAL LIMITED (REGISTERED NUMBER: 09690836)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GWYN JAMES LEGAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: L N Evans
D F Feltham
V E Hubball
R L Wilkey





SECRETARY: D F Feltham





REGISTERED OFFICE: 11 High Street
Coleford
Gloucestershire
GL16 8HE





REGISTERED NUMBER: 09690836 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

GWYN JAMES LEGAL LIMITED (REGISTERED NUMBER: 09690836)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 199,257 250,052
Tangible assets 5 38,074 36,794
237,331 286,846

CURRENT ASSETS
Stocks 549,561 551,500
Debtors 6 137,839 131,292
Cash at bank and in hand 35,086 178
722,486 682,970
CREDITORS
Amounts falling due within one year 7 442,562 416,303
NET CURRENT ASSETS 279,924 266,667
TOTAL ASSETS LESS CURRENT
LIABILITIES

517,255

553,513

CREDITORS
Amounts falling due after more than one
year

8

(201,736

)

(287,181

)

PROVISIONS FOR LIABILITIES (9,219 ) (6,991 )
NET ASSETS 306,300 259,341

GWYN JAMES LEGAL LIMITED (REGISTERED NUMBER: 09690836)

BALANCE SHEET - continued
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 252,502 252,502
Retained earnings 53,798 6,839
SHAREHOLDERS' FUNDS 306,300 259,341

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th December 2024 and were signed on its behalf by:





D F Feltham - Director


GWYN JAMES LEGAL LIMITED (REGISTERED NUMBER: 09690836)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Gwyn 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, of £304,000, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of twenty years.

Goodwill, of £34,427, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five years.

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.

Development costs are being amortised evenly over their estimated useful life of six years.

Computer software is being amortised evenly over its estimated useful life of six years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


GWYN JAMES LEGAL LIMITED (REGISTERED NUMBER: 09690836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 48 (2023 - 43 ) .

GWYN JAMES LEGAL LIMITED (REGISTERED NUMBER: 09690836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

4. INTANGIBLE FIXED ASSETS
Development Computer
Goodwill costs software Totals
£    £    £    £   
COST
At 1st October 2023
and 30th September 2024 338,427 120,000 52,255 510,682
AMORTISATION
At 1st October 2023 117,085 100,000 43,545 260,630
Amortisation for year 22,085 20,000 8,710 50,795
At 30th September 2024 139,170 120,000 52,255 311,425
NET BOOK VALUE
At 30th September 2024 199,257 - - 199,257
At 30th September 2023 221,342 20,000 8,710 250,052

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1st October 2023 2,000 50,625 56,990 109,615
Additions - - 10,444 10,444
At 30th September 2024 2,000 50,625 67,434 120,059
DEPRECIATION
At 1st October 2023 600 30,921 41,300 72,821
Charge for year 200 2,955 6,009 9,164
At 30th September 2024 800 33,876 47,309 81,985
NET BOOK VALUE
At 30th September 2024 1,200 16,749 20,125 38,074
At 30th September 2023 1,400 19,704 15,690 36,794

GWYN JAMES LEGAL LIMITED (REGISTERED NUMBER: 09690836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 118,146 114,062
Amounts owed by group undertakings 2,800 1,360
Other debtors 476 231
Prepayments 16,417 15,639
137,839 131,292

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 95,737 100,793
Other loans 92,753 91,418
Trade creditors 11,241 19,768
Corporation Tax 55,134 21,288
Social security and other taxes 26,177 26,789
VAT 105,046 79,121
Directors' current accounts 24,000 20,747
Accruals and deferred income 32,474 56,379
442,562 416,303

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans over one year 16,649 55,122
Other loans - over one year 68,573 114,492
Directors' loan accounts 116,514 117,567
201,736 287,181

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 6,200 8,470
Between one and five years 4,406 10,606
10,606 19,076

GWYN JAMES LEGAL LIMITED (REGISTERED NUMBER: 09690836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
252,500 Ordinary £1 252,500 252,500
2 Ordinary B £1 2 2
252,502 252,502

11. RELATED PARTY DISCLOSURES

The company had the following outstanding directors loans at the year end:
- D F Feltham was owed £140,515 (2023 - £138,315).

At year end the company was owed £2,800 (2023 - £1,360) by Gwyn James Legal (Holdings) Limited, a company owned and managed by two of the directors L N Evans and R L Wilkey.