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REGISTERED NUMBER: 05096281 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2023 to 30 September 2024

for

Michael Spencer Law Limited

Michael Spencer Law Limited (Registered number: 05096281)






Contents of the Financial Statements
for the Period 1 April 2023 to 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Michael Spencer Law Limited

Company Information
for the Period 1 April 2023 to 30 September 2024







DIRECTOR: Mr M Spencer





REGISTERED OFFICE: 1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS





REGISTERED NUMBER: 05096281 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

Michael Spencer Law Limited (Registered number: 05096281)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 11,691 25,335
Cash at bank 1,000 4,722
12,691 30,057
CREDITORS
Amounts falling due within one year 5 8,088 9,794
NET CURRENT ASSETS 4,603 20,263
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,603

20,263

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 4,602 20,262
SHAREHOLDERS' FUNDS 4,603 20,263

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

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

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 17 December 2024 and were signed by:





Mr M Spencer - Director


Michael Spencer Law Limited (Registered number: 05096281)

Notes to the Financial Statements
for the Period 1 April 2023 to 30 September 2024

1. STATUTORY INFORMATION

Michael Spencer Law 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 the company's share of the profits of the partnership.

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 period was 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Due from partnership 7,077 25,335
Directors' current accounts 4,614 -
11,691 25,335

Other than as stated under directors loan account above, none of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 7,176 4,906
Directors' current accounts - 3,988
Accruals and deferred income 912 900
8,088 9,794

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

Michael Spencer Law Limited (Registered number: 05096281)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 September 2024

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 September 2024 and the year ended 31 March 2023:

2024 2023
£    £   
Mr M Spencer
Balance outstanding at start of period (3,988 ) 9,007
Amounts advanced 64,390 37,715
Amounts repaid (55,788 ) (50,710 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 4,614 (3,988 )

Interest was charged on the overdrawn director's loan account at HM Revenue & Customs official rate of interest during the year being 2% per annum to 5th April 2023 and 2.25% thereafter.

A dividend was declared 6th April 2025 for £4,602, being the amount of the remaining company reserves at 30th September 2024. This in turn along with the settling of the remaining creditors clears the directors loan account balance in full.

As the company has ceased to trade and has no further reserves, the director will in time make an application for the company's strike off.