Company Registration No. SC387628 (Scotland)
James Law Research Associates Limited
Unaudited accounts
for the year ended 31 October 2024
James Law Research Associates Limited
Unaudited accounts
Contents
James Law Research Associates Limited
Company Information
for the year ended 31 October 2024
Company Number
SC387628 (Scotland)
Registered Office
64 Nethervale Avenue
Glasgow
G44 3XR
Accountants
Assenti & Noble Ltd
18 Mosshead Road
Bearsden
Glasgow
G61 3HN
James Law Research Associates Limited
Statement of financial position
as at 31 October 2024
Tangible assets
26,506
28,761
Cash at bank and in hand
186,478
292,948
Creditors: amounts falling due within one year
(3,279)
(36,849)
Net current assets
210,698
318,853
Net assets
237,204
347,615
Called up share capital
1
1
Profit and loss account
237,203
347,614
Shareholders' funds
237,204
347,615
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 10 January 2025 and were signed on its behalf by
J Law
Director
Company Registration No. SC387628
James Law Research Associates Limited
Notes to the Accounts
for the year ended 31 October 2024
James Law Research Associates Limited is a private company, limited by shares, registered in Scotland, registration number SC387628. The registered office is 64 Nethervale Avenue, Glasgow, G44 3XR.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover represents invoiced sales to external customers, excluding value added tax.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% reducing balance
Computer equipment
33% straight line
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2023
28,672
10,900
39,572
At 31 October 2024
28,672
10,900
39,572
At 1 November 2023
1,434
9,377
10,811
Charge for the year
1,362
893
2,255
At 31 October 2024
2,796
10,270
13,066
At 31 October 2024
25,876
630
26,506
At 31 October 2023
27,238
1,523
28,761
James Law Research Associates Limited
Notes to the Accounts
for the year ended 31 October 2024
5
Investments
Subsidiary undertakings
Valuation at 1 November 2023
1
Valuation at 31 October 2024
-
Amounts falling due within one year
Accrued income and prepayments
5,316
-
Other debtors
22,183
5,765
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
326
24,416
Loans from directors
1,318
321
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 3 (2023: 4).