Company Registration No. 11449465 (England and Wales)
Wilson Family Law Ltd
Unaudited accounts
for the year ended 31 July 2024
Wilson Family Law Ltd
Unaudited accounts
Contents
Wilson Family Law Ltd
Company Information
for the year ended 31 July 2024
Company Number
11449465 (England and Wales)
Registered Office
2nd Floor, The Gables
Market Square
Princes Risborough
HP27 0AN
England
Accountants
Grass & Holm
Thornbury Cottage
Chalk Hill
Amersham
BUCKS
HP7 0LY
Wilson Family Law Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
68,857
6,166
Cash at bank and in hand
287,594
194,009
Creditors: amounts falling due within one year
(171,328)
(143,412)
Net current assets
310,016
198,994
Total assets less current liabilities
378,873
205,160
Creditors: amounts falling due after more than one year
(50,160)
-
Net assets
328,713
205,160
Called up share capital
2
2
Profit and loss account
328,711
205,158
Shareholders' funds
328,713
205,160
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 director acknowledges her 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 26 January 2025 and were signed on its behalf by
N C Wilson
Director
Company Registration No. 11449465
Wilson Family Law Ltd
Notes to the Accounts
for the year ended 31 July 2024
Wilson Family Law Ltd is a private company, limited by shares, registered in England and Wales, registration number 11449465. The registered office is 2nd Floor, The Gables, Market Square, Princes Risborough, HP27 0AN, 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.
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.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
25% Reducing balance
Work in progress is valued at the lower of cost and net realisable value.
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
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.
Wilson Family Law Ltd
Notes to the Accounts
for the year ended 31 July 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
-
2,405
6,710
9,115
Additions
81,604
-
4,039
85,643
At 31 July 2024
81,604
2,405
10,749
94,758
At 1 August 2023
-
725
2,224
2,949
Charge for the year
20,401
420
2,131
22,952
At 31 July 2024
20,401
1,145
4,355
25,901
At 31 July 2024
61,203
1,260
6,394
68,857
At 31 July 2023
-
1,680
4,486
6,166
Amounts falling due within one year
Trade debtors
184,007
67,344
Accrued income and prepayments
4,328
3,340
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
10,432
-
Trade creditors
61,101
7,679
Taxes and social security
69,048
40,981
Other creditors
(178)
73,466
Wilson Family Law Ltd
Notes to the Accounts
for the year ended 31 July 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
50,160
-
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).