Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01Solicitors3falsefalse3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08113950 2023-05-01 2024-04-30 08113950 2022-05-01 2023-04-30 08113950 2024-04-30 08113950 2023-04-30 08113950 c:Director1 2023-05-01 2024-04-30 08113950 d:CurrentFinancialInstruments 2024-04-30 08113950 d:CurrentFinancialInstruments 2023-04-30 08113950 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 08113950 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 08113950 d:ShareCapital 2024-04-30 08113950 d:ShareCapital 2023-04-30 08113950 d:RetainedEarningsAccumulatedLosses 2024-04-30 08113950 d:RetainedEarningsAccumulatedLosses 2023-04-30 08113950 c:FRS102 2023-05-01 2024-04-30 08113950 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08113950 c:FullAccounts 2023-05-01 2024-04-30 08113950 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08113950 2 2023-05-01 2024-04-30 08113950 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 08113950










NORTON LEGAL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
NORTON LEGAL LIMITED
REGISTERED NUMBER: 08113950

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
192
95,218

Bank & cash balances
  
81,538
34,189

  
81,730
129,407

Creditors: amounts falling due within one year
 5 
(29,510)
(76,847)

Net current assets
  
 
 
52,220
 
 
52,560

Total assets less current liabilities
  
52,220
52,560

  

Net assets
  
52,220
52,560


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
52,120
52,460

  
52,220
52,560


Page 1

 
NORTON LEGAL LIMITED
REGISTERED NUMBER: 08113950
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


Tracy Guest
Director

Date: 29 January 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
NORTON LEGAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Norton Legal Limited is a private company limited by shares and incorporated in England and Wales, registration number 08113950. The registered office is c/o Larking Gowen, 1st Floor Prospect House, Rouen Road, Norwich, NR1 1RE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
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.

 
2.2

Going concern

The company ceased trading on 30 April 2022, as such the financial statements have been prepared on the non-going concern basis. The Directors have reviewed the statement of financial position and impaired any assets to their expected recoverable amount. In addition, they have made provision for any costs associated with the cessation of trade. 

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
NORTON LEGAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 4

 
NORTON LEGAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Debtors

2024
2023
£
£


Trade debtors
-
14,003

Other debtors
97
59,730

Prepayments and accrued income
95
21,485

192
95,218



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
2

Other taxation and social security
-
11,991

Other creditors
20,000
20,000

Accruals and deferred income
9,510
44,854

29,510
76,847


 
Page 5