HORSEPOOLS LEGAL COSTS LTD

Company Registration Number:
08257037 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

HORSEPOOLS LEGAL COSTS LTD

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

HORSEPOOLS LEGAL COSTS LTD

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 22,082 24,536
Tangible assets: 4 274,988 7,369
Investments: 5 37,007 37,007
Total fixed assets: 334,077 68,912
Current assets
Debtors:   370,799 290,985
Cash at bank and in hand: 41,708 36,605
Total current assets: 412,507 327,590
Creditors: amounts falling due within one year: 6 (211,674) (126,475)
Net current assets (liabilities): 200,833 201,115
Total assets less current liabilities: 534,910 270,027
Creditors: amounts falling due after more than one year:   (188,574) (40,000)
Total net assets (liabilities): 346,336 230,027
Capital and reserves
Called up share capital: 3 3
Profit and loss account: 346,333 230,024
Shareholders funds: 346,336 230,027

The notes form part of these financial statements

HORSEPOOLS LEGAL COSTS LTD

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 February 2025
and signed on behalf of the board by:

Name: Mr O Horsepool
Status: Director

The notes form part of these financial statements

HORSEPOOLS LEGAL COSTS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Equipment 25% reducing balance

Intangible fixed assets and amortisation policy

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses Goodwill is being written off in equal instalments over its estimated economic life of 20 years.

HORSEPOOLS LEGAL COSTS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 16 14

HORSEPOOLS LEGAL COSTS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Intangible Assets

Total
Cost £
At 01 February 2023 49,076
At 31 January 2024 49,076
Amortisation
At 01 February 2023 24,540
Charge for year 2,454
At 31 January 2024 26,994
Net book value
At 31 January 2024 22,082
At 31 January 2023 24,536

HORSEPOOLS LEGAL COSTS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible Assets

Total
Cost £
At 01 February 2023 14,225
Additions 278,285
At 31 January 2024 292,510
Depreciation
At 01 February 2023 6,856
Charge for year 10,666
At 31 January 2024 17,522
Net book value
At 31 January 2024 274,988
At 31 January 2023 7,369

HORSEPOOLS LEGAL COSTS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Fixed investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

HORSEPOOLS LEGAL COSTS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Creditors: amounts falling due within one year note

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.