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REGISTERED NUMBER: 13571949 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

ENGINEER LEGAL LTD

ENGINEER LEGAL LTD (REGISTERED NUMBER: 13571949)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ENGINEER LEGAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: D G T Pryor
A L Campbell





REGISTERED OFFICE: Gear Farm
Carnhell Green
Camborne
Cornwall
TR14 0NE





REGISTERED NUMBER: 13571949 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

ENGINEER LEGAL LTD (REGISTERED NUMBER: 13571949)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,276 4,159
Investments 5 475,207 -
477,483 4,159

CURRENT ASSETS
Debtors 6 84,826 21,231
Cash at bank 9,869 348,765
94,695 369,996
CREDITORS
Amounts falling due within one year 7 99,683 65,857
NET CURRENT (LIABILITIES)/ASSETS (4,988 ) 304,139
TOTAL ASSETS LESS CURRENT
LIABILITIES

472,495

308,298

PROVISIONS FOR LIABILITIES 569 1,040
NET ASSETS 471,926 307,258

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 471,916 307,248
471,926 307,258

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

ENGINEER LEGAL LTD (REGISTERED NUMBER: 13571949)

BALANCE SHEET - continued
31 AUGUST 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 January 2025 and were signed on its behalf by:





A L Campbell - Director


ENGINEER LEGAL LTD (REGISTERED NUMBER: 13571949)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Engineer Legal Ltd 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 as modified by the revaluation of certain assets.

The financial statements contain net current liabilities of £4,988. Noting the cash generative nature of the company's operations and the investments held by the company, the Directors have prepared the accounts on the going concern basis.

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

Revenue is recognised to turnover with reference to the stage of completion of the projects being undertaken, taking into account contract milestones

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

ENGINEER LEGAL LTD (REGISTERED NUMBER: 13571949)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 6,042
DEPRECIATION
At 1 September 2023 1,883
Charge for year 1,883
At 31 August 2024 3,766
NET BOOK VALUE
At 31 August 2024 2,276
At 31 August 2023 4,159

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
Additions 455,858
Revaluations 19,349
At 31 August 2024 475,207
NET BOOK VALUE
At 31 August 2024 475,207

Cost or valuation at 31 August 2024 is represented by:

Other
investments
£   
Valuation in 2024 19,349
Cost 455,858
475,207

The company investments at the 31 August 2024 included;

i) £154,516, at cost, invested in the ordinary share capital of an unlisted trading company, situated in Australia.

ii) £320,691, at market valuation, of investments into unit-linked fund,s primarily invested into cash and bonds. The investments are held for the long term benefit of the company.

ENGINEER LEGAL LTD (REGISTERED NUMBER: 13571949)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 84,826 20,072
Other debtors - 1,159
84,826 21,231

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 769 5,061
Taxation and social security 94,410 53,002
Other creditors 4,504 7,794
99,683 65,857

8. RELATED PARTY DISCLOSURES

The Directors withdrew net funds from the company during the period of £3,411. At 31 August 2024, the Directors were owed £3,184. (31 August 2023: £6,595.)

The funds introduced are interest free, and repayable on demand.