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
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
A & Y law Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
47,423
28,986
Cash at bank and in hand
385,870
417,774
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
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
A & Y law Ltd
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 July 2024
4,371
81,696
86,067
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
At 31 July 2024
(1)
47,424
47,423
At 31 July 2023
(1)
28,987
28,986
A & Y law Ltd
Notes to the Accounts
for the year ended 31 July 2024
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
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
37,753
Taxes and social security
248,944
139,600
Loans from directors
151,000
151,000
7
Creditors: amounts falling due after more than one year
2024
2023
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).