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REGISTERED NUMBER: 10593894 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Scott Taylor Law Limited

Scott Taylor Law Limited (Registered number: 10593894)






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


Scott Taylor Law Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: S R Taylor





REGISTERED OFFICE: 5 Roseberry Court
Stokesley Business Park
Stokesley
Middlesbrough
TS9 5QT





REGISTERED NUMBER: 10593894 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Scott Taylor Law Limited (Registered number: 10593894)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,559 14,420

CURRENT ASSETS
Debtors 5 531,678 812,050
Cash at bank 39,956 -
571,634 812,050
CREDITORS
Amounts falling due within one year 6 436,147 636,543
NET CURRENT ASSETS 135,487 175,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

151,046

189,927

CREDITORS
Amounts falling due after more than one
year

7

32,812

97,396
NET ASSETS 118,234 92,531

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 118,134 92,431
SHAREHOLDERS' FUNDS 118,234 92,531

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 director acknowledges his 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.

Scott Taylor Law Limited (Registered number: 10593894)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 January 2025 and were signed by:





S R Taylor - Director


Scott Taylor Law Limited (Registered number: 10593894)

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

1. STATUTORY INFORMATION

Scott Taylor 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.

The presentational currency of the financial statements is the pound sterling (£) rounded to the nearest £.

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.

The significant accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for services supplied,
excluding VAT, adjusted for opening and closing amounts recoverable on contracts.

Revenue is recognised in accordance with FRS 102. Income is recognised when the company has performed services for it's clients, and has obtained the right to consideration for those services.

For contingent fee work, where the contingent event giving rise to the right to receive consideration had not occurred by the date the accounts are approved, nothing is included within amounts recoverable on contracts. Where the event has occurred it is included in amounts recoverable on contracts at estimated selling price.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 33% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the
current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial
statements of current and previous periods. It is recognised in respect of all timing differences, with certain
exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Scott Taylor Law Limited (Registered number: 10593894)

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

2. ACCOUNTING POLICIES - continued

Amounts recoverable on contracts
Amounts recoverable on contracts is calculated based on as assessment of the fair value of the services provided at the Balance Sheet date yet to be billed.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at present value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 - 10,974 46,430 57,404
Additions 3,820 810 2,989 7,619
At 30 April 2024 3,820 11,784 49,419 65,023
DEPRECIATION
At 1 May 2023 - 5,219 37,765 42,984
Charge for year 188 1,111 5,181 6,480
At 30 April 2024 188 6,330 42,946 49,464
NET BOOK VALUE
At 30 April 2024 3,632 5,454 6,473 15,559
At 30 April 2023 - 5,755 8,665 14,420

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 267,511 154,943
Amounts recoverable on contract 250,048 644,698
Other debtors 14,119 12,409
531,678 812,050

Scott Taylor Law Limited (Registered number: 10593894)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 16,663
Trade creditors 17,581 43,840
Taxation and social security 119,319 156,503
Other creditors 299,247 419,537
436,147 636,543

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 32,812 97,396

8. CALLED UP SHARE CAPITAL

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

9. OTHER FINANCIAL COMMITMENTS

At the period end the company had operating lease commitments of £37,952 (2022: £46,044).