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30/06/2024
2024-06-30
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No description of principal activities is disclosed
2023-07-01
Sage Accounts Production 24.0 - FRS102_2024
xbrli:pure
xbrli:shares
iso4217:GBP
06180126
2023-07-01
2024-06-30
06180126
2024-06-30
06180126
2023-06-30
06180126
2022-07-01
2023-06-30
06180126
2023-06-30
06180126
2022-06-30
06180126
core:PlantMachinery
2023-07-01
2024-06-30
06180126
core:FurnitureFittingsToolsEquipment
2023-07-01
2024-06-30
06180126
bus:RegisteredOffice
2023-07-01
2024-06-30
06180126
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2023-07-01
2024-06-30
06180126
bus:Director1
2023-07-01
2024-06-30
06180126
bus:Director5
2023-07-01
2024-06-30
06180126
bus:Director8
2023-07-01
2024-06-30
06180126
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2023-06-30
06180126
core:FurnitureFittingsToolsEquipment
2023-06-30
06180126
core:PlantMachinery
2024-06-30
06180126
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2024-06-30
06180126
core:WithinOneYear
2024-06-30
06180126
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2023-06-30
06180126
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2024-06-30
06180126
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2023-06-30
06180126
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2024-06-30
06180126
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2023-06-30
06180126
core:RetainedEarningsAccumulatedLosses
2024-06-30
06180126
core:RetainedEarningsAccumulatedLosses
2023-06-30
06180126
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2023-06-30
06180126
core:FurnitureFittingsToolsEquipment
2023-06-30
06180126
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2023-07-01
2024-06-30
06180126
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2023-07-01
2024-06-30
06180126
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2023-07-01
2024-06-30
06180126
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2024-06-30
06180126
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2023-07-01
2024-06-30
Company registration number:
06180126
SA Law Chambers Solicitors Limited
Unaudited filleted financial statements
30 June 2024
SA Law Chambers Solicitors Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
SA Law Chambers Solicitors Limited
Directors and other information
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Directors |
S Aboobaker |
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N Lehl Lilly |
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G G Guarnieri |
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Company number |
06180126 |
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Registered office |
Heraldic House |
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First Floor |
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160-162 Cranbrook Road |
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Ilford, Essex |
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IG1 4PE |
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Accountants |
Redford & Co Limited |
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Chartered Accountants |
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First Floor |
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64 Baker Street |
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London W1U 7GB |
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SA Law Chambers Solicitors Limited
Statement of financial position
30 June 2024
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2024 |
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2023 |
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Note |
£ |
|
£ |
|
£ |
|
£ |
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|
|
|
|
|
|
|
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Fixed assets |
|
|
|
|
|
|
|
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|
Tangible assets |
|
5 |
4,034 |
|
|
|
5,378 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
4,034 |
|
|
|
5,378 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Amounts recoverable on contract |
|
6 |
625,712 |
|
|
|
603,414 |
|
|
Debtors |
|
7 |
(
357,778) |
|
|
|
(
241,601) |
|
|
Cash at bank and in hand |
|
|
10,037 |
|
|
|
204 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
277,971 |
|
|
|
362,017 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
8 |
(
309,428) |
|
|
|
(
395,923) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current liabilities |
|
|
|
|
(
31,457) |
|
|
|
(
33,906) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
(
27,423) |
|
|
|
(
28,528) |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
9 |
|
|
(
52,501) |
|
|
|
(
104,684) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Net liabilities |
|
|
|
|
(
79,924) |
|
|
|
(
133,212) |
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|
|
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|
_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
|
|
|
|
100 |
|
|
|
100 |
Profit and loss account |
|
|
|
|
(
80,024) |
|
|
|
(
133,312) |
|
|
|
|
|
_______ |
|
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|
_______ |
Shareholders deficit |
|
|
|
|
(
79,924) |
|
|
|
(
133,212) |
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|
|
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|
_______ |
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_______ |
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For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
24 March 2025
, and are signed on behalf of the board by:
S Aboobaker
Director
Company registration number:
06180126
SA Law Chambers Solicitors Limited
Notes to the financial statements
Year ended 30 June 2024
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Heraldic House, First Floor, 160-162 Cranbrook Road, Ilford, Essex, IG1 4PE.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on a going concern basis. The directors have a reasonable expectation that the company will be able to meet known liabilities as they fall due and will have adequate resources to continue in operational existence for the foreseeable future.
Turnover
Turnover represents the value of services provided under contracts, to the extent that there is a right to consideration, and is recorded at the value of the consideration due.Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the service provided to date, based on a proportion of the total expected consideration at completion.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
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Plant and machinery |
- |
25 % |
reducing balance |
|
Fittings fixtures and equipment |
- |
25 % |
reducing balance |
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|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Contracts
Amounts recoverable on contracts, which are included in debtors are stated at the net sales value of the work done after provisions for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments received on account.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument
Defined contribution plans
The pension costs charged in the financial statements represent the contribution payable by the company during the year.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
11
(2023:
11
).
5.
Tangible assets
|
|
Plant and machinery |
Fixtures, fittings and equipment |
Total |
|
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
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|
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|
At 1 July 2023 and 30 June 2024 |
68,920 |
4,592 |
73,512 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
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Depreciation |
|
|
|
|
|
|
|
|
At 1 July 2023 |
63,685 |
4,448 |
68,133 |
|
|
|
|
|
Charge for the year |
1,309 |
36 |
1,345 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 30 June 2024 |
64,994 |
4,484 |
69,478 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
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|
Carrying amount |
|
|
|
|
|
|
|
|
At 30 June 2024 |
3,926 |
108 |
4,034 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
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At 30 June 2023 |
5,235 |
144 |
5,379
|
|
|
|
|
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|
_______ |
_______ |
_______ |
|
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6.
Contracts
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Amounts recoverable on contract |
|
625,712 |
603,414 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Trade debtors |
|
(
431,533) |
(
335,846) |
|
Other debtors |
|
73,755 |
94,245 |
|
|
|
_______ |
_______ |
|
|
|
(
357,778) |
(
241,601) |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
49,679 |
85,482 |
|
Trade creditors |
|
112,841 |
163,300 |
|
Social security and other taxes |
|
106,129 |
68,221 |
|
Other creditors |
|
40,779 |
78,920 |
|
|
|
_______ |
_______ |
|
|
|
309,428 |
395,923 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Creditors: amounts falling due after more than one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
52,501 |
104,684 |
|
|
|
_______ |
_______ |
|
|
|
|
|
10.
Related party transactions
The company has loan account with its director, Mr
S Aboobaker
. The loan account represents monies owed by him. The balance outstanding at 30th June 2024 was £8,933 (2023: £38,111 Cr). It is shown under 'Other debtors' in the accounts.
11.
Controlling party
The company was controlled throughout the current and previous year by the director, Mr S Aboobaker, by virtue of his share holding in the company.