Solutionlaw Limited
Unaudited Financial Statements
For the year ended 30 April 2024
Pages for Filing with Registrar
Company Registration No. 08829299 (England and Wales)
SolutionLaw Limited
Solutionlaw Limited
Company Information
Director
D E Langley
Company number
08829299
Registered office
Kennel Farm
Albury End
Ware
Herts
SG11 2HS
Accountants
Moore Kingston Smith LLP
6th Floor
9 Appold Street
London
EC2A 2AP
SolutionLaw Limited
Solutionlaw Limited
Contents
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 6
SolutionLaw Limited
Solutionlaw Limited
Balance Sheet
As at 30 April 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
-
0
-
0
-
0
Current assets
Debtors
4
9,558
26,229
Cash at bank and in hand
16,380
27,647
25,938
53,876
Creditors: amounts falling due within one year
5
(50,837)
(29,503)
Net current (liabilities)/assets
(24,899)
24,373
Creditors: amounts falling due after more than one year
6
(2,000)
-
0
Net (liabilities)/assets
(26,899)
24,373
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(26,999)
24,273
Total equity
(26,899)
24,373

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

SolutionLaw Limited
Solutionlaw Limited
Balance Sheet (Continued)
As at 30 April 2024
Page 2
The financial statements were approved and signed by the director and authorised for issue on 16 January 2025
D E Langley
Director
Company Registration No. 08829299
SolutionLaw Limited
Statement of Changes in Equity
For the year ended 30 April 2024
Page 3
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 May 2022
100
28,093
28,193
Period ended 30 April 2023:
Loss and total comprehensive expenditure for the year
-
(2,820)
(2,820)
Dividends
-
(1,000)
(1,000)
Balance at 30 April 2023
100
24,273
24,373
Period ended 30 April 2024:
Loss and total comprehensive expenditure for the year
-
(51,272)
(51,272)
Balance at 30 April 2024
100
(26,999)
(26,899)
SolutionLaw Limited
Solutionlaw Limited
Notes to the Financial Statements
For the year ended 30 April 2024
Page 4
1
Accounting policies
Company information

SolutionLaw Limited is a private company limited by shares, domiciled and incorporated in England and Wales. The registered office is Kennel Farm, Albury End, Ware, Herts, SG11 2HS.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention.

1.2
Going concern

As at the balance sheet date, the company is in a net liabilities position. The director has confirmed he will provide funding to the company to allow it to meet its liabilities as they fall due for a period of at least twelve months from the approval of these financial statements. trueThus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Fees represent the fair value of services provided during the period on client assignments net of recoverable disbursements. Fees are recognised as the contract activity progresses and the right to consideration is earned. Fees which have not been invoiced at the year end date are shown in unbilled debtors.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment
3 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

Basic financial instruments are measured at cost. The company has no other financial instruments or basic financial instruments measured at fair value.

SolutionLaw Limited
Solutionlaw Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2024
1
Accounting policies
(Continued)
Page 5
1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 1 (2023: 1).

3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 and 30 April 2024
558
Depreciation and impairment
At 1 May 2023 and 30 April 2024
558
Carrying amount
At 30 April 2024
-
0
At 30 April 2023
-
0
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
7,018
9,510
Other debtors
2,540
16,719
9,558
26,229
SolutionLaw Limited
Solutionlaw Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2024
Page 6
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
6,240
8,160
Taxation and social security
4,587
4,904
Other creditors
40,010
16,439
50,837
29,503
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
2,000
-
7
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
10,000 Ordinary shares of 1p each
100
100
8
Related party transactions

Included within other debtors is a balance of £nil (2023: £13,679) owed by a firm under common control of the director.

 

Included within other creditors is a balance of £12,310 (2023: £12,310) due to the sole director and shareholder. During the year, dividends of £nil (2023: £1,000) were paid to the director.

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