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REGISTERED NUMBER: SC380649 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Legal Accountants (Scotland) Limited

Legal Accountants (Scotland) Limited (Registered number: SC380649)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Legal Accountants (Scotland) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: D Cassidy
Mrs F J Cassidy
K A Dunsmuir
Mrs M Gallagher





REGISTERED OFFICE: 126 Drymen Road
Bearsden
Glasgow
G61 3RB





REGISTERED NUMBER: SC380649 (Scotland)





ACCOUNTANTS: Advantage Accounting (Scotland) Ltd
Pavilion 2
Finnieston Business Park
Minerva Way
Glasgow
G3 8AU

Legal Accountants (Scotland) Limited (Registered number: SC380649)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,648 9,569

CURRENT ASSETS
Debtors 5 122,476 134,673
Cash at bank 147,505 92,313
269,981 226,986
CREDITORS
Amounts falling due within one year 6 137,093 82,032
NET CURRENT ASSETS 132,888 144,954
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,536

154,523

CREDITORS
Amounts falling due after more than one
year

7

10,740

20,735
NET ASSETS 128,796 133,788

CAPITAL AND RESERVES
Called up share capital 8 105 105
Retained earnings 9 128,691 133,683
SHAREHOLDERS' FUNDS 128,796 133,788

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

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

Legal Accountants (Scotland) Limited (Registered number: SC380649)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:





D Cassidy - Director


Legal Accountants (Scotland) Limited (Registered number: SC380649)

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

1. STATUTORY INFORMATION

Legal Accountants (Scotland) Limited is a private company, limited by shares , registered in Scotland. 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 represents net invoiced sales of services, excluding value added tax.

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 - 10% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

Legal Accountants (Scotland) Limited (Registered number: SC380649)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 3,649 9,777 9,779 23,205
Additions - - 782 782
At 30 June 2024 3,649 9,777 10,561 23,987
DEPRECIATION
At 1 July 2023 1,240 5,831 6,565 13,636
Charge for year 729 592 2,382 3,703
At 30 June 2024 1,969 6,423 8,947 17,339
NET BOOK VALUE
At 30 June 2024 1,680 3,354 1,614 6,648
At 30 June 2023 2,409 3,946 3,214 9,569

5. DEBTORS
30.6.24 30.6.23
£    £   
Amounts falling due within one year:
Trade debtors 49,280 28,713
Directors' loan accounts - 29,564
Tax 7,796 7,796
57,076 66,073

Amounts falling due after more than one year:
Amounts owed by associates 65,400 68,600

Aggregate amounts 122,476 134,673

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,000 10,000
Tax 62,977 39,965
VAT 37,063 28,143
Other creditors 955 850
Directors' loan accounts 14,022 2,414
Accrued expenses 12,076 660
137,093 82,032

Legal Accountants (Scotland) Limited (Registered number: SC380649)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 740 10,735
10,740 20,735

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
105 Ordinary £1 105 105

9. RESERVES
Retained
earnings
£   

At 1 July 2023 133,683
Profit for the year 186,008
Dividends (191,000 )
At 30 June 2024 128,691