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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
Page
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Wilson Family Law Ltd Company Information for the year ended 31 July 2024
Director
N C Wilson
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
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Wilson Family Law Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
68,857 
6,166 
Current assets
Inventories
5,415 
3,915 
Debtors
188,335 
144,482 
Cash at bank and in hand
287,594 
194,009 
481,344 
342,406 
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 
Capital and reserves
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
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Wilson Family Law Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
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
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.
Presentation currency
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
Stocks
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
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.
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Wilson Family Law Ltd Notes to the Accounts for the year ended 31 July 2024
Deferred taxation
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.
Pension costs
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 
Depreciation
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 
Net book value
At 31 July 2024
61,203 
1,260 
6,394 
68,857 
At 31 July 2023
- 
1,680 
4,486 
6,166 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
184,007 
67,344 
Accrued income and prepayments
4,328 
3,340 
Other debtors
- 
73,798 
188,335 
144,482 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
29,368 
21,286 
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 
Loans from directors
7 
- 
Accruals
1,550 
- 
171,328 
143,412 
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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 
- 
8
Share capital
2024 
2023 
£ 
£ 
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).
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