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Company Registration No. 10256361 (England and Wales)
A & Y law Ltd Unaudited accounts for the year ended 31 July 2024
A & Y law Ltd Unaudited accounts Contents
Page
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A & Y law Ltd Company Information for the year ended 31 July 2024
Directors
Mr Yash Babulal Dubal Parvez Amir Mohamed Khan
Company Number
10256361 (England and Wales)
Registered Office
Holborn Gate 330 High Holborn London London WC1V 7QT England
Accountants
Sterling Young Limited Suite 50 238 Merton High Street Wimbledon London England SW19 1AU
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A & Y law Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
47,423 
28,986 
Current assets
Debtors
1,760,130 
490,655 
Cash at bank and in hand
385,870 
417,774 
2,146,000 
908,429 
Creditors: amounts falling due within one year
(974,819)
(514,686)
Net current assets
1,171,181 
393,743 
Total assets less current liabilities
1,218,604 
422,729 
Creditors: amounts falling due after more than one year
(34,259)
- 
Net assets
1,184,345 
422,729 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
1,183,345 
421,729 
Shareholders' funds
1,184,345 
422,729 
For the year ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 January 2025 and were signed on its behalf by
Mr Yash Babulal Dubal Director Company Registration No. 10256361
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A & Y law Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
A & Y law Ltd is a private company, limited by shares, registered in England and Wales, registration number 10256361. The registered office is Holborn Gate, 330 High Holborn, London, London, WC1V 7QT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 July 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
4,371 
43,478 
47,849 
Additions
- 
38,218 
38,218 
At 31 July 2024
4,371 
81,696 
86,067 
Depreciation
At 1 August 2023
4,372 
14,491 
18,863 
Charge for the year
- 
19,781 
19,781 
At 31 July 2024
4,372 
34,272 
38,644 
Net book value
At 31 July 2024
(1)
47,424 
47,423 
At 31 July 2023
(1)
28,987 
28,986 
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A & Y law Ltd Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
127,304 
88,196 
Amounts due from group undertakings etc.
1,628,352 
378,353 
Accrued income and prepayments
4,250 
4,250 
Other debtors
224 
19,856 
1,760,130 
490,655 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
37,753 
VAT
143,413 
88,628 
Taxes and social security
248,944 
139,600 
Loans from directors
151,000 
151,000 
Accruals
431,462 
97,705 
974,819 
514,686 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
34,259 
- 
8
Loans to directors
The debt of £151,000 to Mr Arjun Babulal Dubal was disputed. Post year end, in September-2024, A&Y Law Ltd has repaid this debt.
9
Average number of employees
During the year the average number of employees was 23 (2023: 14).
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