Registered number
12257165
WILDAN LEGAL SOLICITORS LTD
Unaudited Filleted Accounts
31 October 2024
WILDAN LEGAL SOLICITORS LTD
Registered number: 12257165
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 27,478 4,348
Current assets
Debtors 4 30,750 46,582
Cash at bank and in hand 597,341 1,009,035
628,091 1,055,617
Creditors: amounts falling due within one year 5 (644,255) (1,025,687)
Net current (liabilities)/assets (16,164) 29,930
Total assets less current liabilities 11,314 34,278
Creditors: amounts falling due after more than one year 6 (12,983) (33,448)
Net (liabilities)/assets (1,669) 830
Capital and reserves
Called up share capital 100 100
Profit and loss account (1,769) 730
Shareholders' funds (1,669) 830
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mohammad SALIM
Director
Approved by the board on 21 January 2025
WILDAN LEGAL SOLICITORS LTD
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 23 18
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 8,877
Additions 30,000
At 31 October 2024 38,877
Depreciation
At 1 November 2023 4,529
Charge for the year 6,870
At 31 October 2024 11,399
Net book value
At 31 October 2024 27,478
At 31 October 2023 4,348
4 Debtors 2024 2023
£ £
Trade debtors 19,650 15,384
Prepayments - Rent in advance 11,100 11,100
Other debtors - 20,098
30,750 46,582
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations to Client Accounts 580,859 961,771
Taxation and social security costs 34,953 60,916
Others Creaditors/DCA 28,443 3,000
644,255 1,025,687
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 12,983 23,515
Other creditors - 9,933
12,983 33,448
7 Controlling party
Mohammad Salim is the person with significant control as he holds 75% or more ordinary shares nad voting rights and right to appoint and remove directors.
8 Other information
WILDAN LEGAL SOLICITORS LTD is a private company limited by shares and incorporated in England. Its registered office is:
2-12 Cambridge Heath Road
London
E1 5QH
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