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REGISTERED NUMBER: 12575328 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Platinum Law Limited

Platinum Law Limited (Registered number: 12575328)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Platinum Law Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr J G Moore
Mr R J Hawke
Mrs H M Hawke





REGISTERED OFFICE: Arkwright House
Parsonage Gardens
Manchester
M3 2LF





REGISTERED NUMBER: 12575328 (England and Wales)





ACCOUNTANTS: Underwood Green
Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS

Platinum Law Limited (Registered number: 12575328)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,056 1,065

CURRENT ASSETS
Debtors 5 184,329 84,786
Cash at bank 5,327 39,089
189,656 123,875
CREDITORS
Amounts falling due within one year 6 98,627 42,377
NET CURRENT ASSETS 91,029 81,498
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,085

82,563

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 91,985 82,463
SHAREHOLDERS' FUNDS 92,085 82,563

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Platinum Law Limited (Registered number: 12575328)

Balance Sheet - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:




Mr J G Moore - Director Mr R J Hawke - Director




Mrs H M Hawke - Director


Platinum Law Limited (Registered number: 12575328)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Platinum Law Limited 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.

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

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

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

Platinum Law Limited (Registered number: 12575328)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2023 1,214
Additions 516
At 30 April 2024 1,730
DEPRECIATION
At 1 May 2023 149
Charge for year 525
At 30 April 2024 674
NET BOOK VALUE
At 30 April 2024 1,056
At 30 April 2023 1,065

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 45,094 19,826
Other debtors 823 6,710
Directors' current accounts 133,725 53,012
Prepayments and accrued income 4,687 5,238
184,329 84,786

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 46,574 6,250
Trade creditors 9,785 10,460
Tax 19,883 20,037
Social security and other taxes 34 -
VAT 4,826 4,245
Other creditors 16,775 500
Accruals and deferred income 750 885
98,627 42,377

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

Platinum Law Limited (Registered number: 12575328)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr J G Moore
Balance outstanding at start of year 42,619 -
Amounts advanced 113,340 51,946
Amounts repaid (44,658 ) (9,327 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 111,301 42,619

Mr R J Hawke and Mrs H M Hawke
Balance outstanding at start of year 10,393 -
Amounts advanced 34,216 10,393
Amounts repaid (22,185 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,424 10,393

Interest was charged on the directors' advances at HM Revenue & Customs official rate of 2.0% per annum to 5 April 2023 and 2.25% thereafter.

The outstanding advances were repaid within nine months of the year end.