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REGISTERED NUMBER: 03585132 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Lawware Limited

Lawware Limited (Registered number: 03585132)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lawware Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: W T Wander
S M Greig





REGISTERED OFFICE: Adamson House
Towers Business Centre
Wilmslow Road
Didsbury
Manchester
M20 2YY





REGISTERED NUMBER: 03585132 (England and Wales)





ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG

Lawware Limited (Registered number: 03585132)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,694 8,424
Investments 6 129,554 118,654
136,248 127,078

CURRENT ASSETS
Debtors 7 29,410 16,712
Cash at bank and in hand 10,056,167 8,710,400
10,085,577 8,727,112
CREDITORS
Amounts falling due within one year 8 460,660 344,932
NET CURRENT ASSETS 9,624,917 8,382,180
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,761,165

8,509,258

PROVISIONS FOR LIABILITIES 10 233 347
NET ASSETS 9,760,932 8,508,911

CAPITAL AND RESERVES
Called up share capital 11 4 4
Retained earnings 12 9,760,928 8,508,907
SHAREHOLDERS' FUNDS 9,760,932 8,508,911

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





W T Wander - Director


Lawware Limited (Registered number: 03585132)

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

1. STATUTORY INFORMATION

Lawware 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 'Small Entities' of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight line basis over its expected useful life, as follows;

Fixtures & Fittings-20% on cost
Computer Equipment-20% on cost
Plant & Machinery -20% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of fixed assets
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Financial instruments
The company has only financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Lawware Limited (Registered number: 03585132)

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

2. ACCOUNTING POLICIES - continued
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.

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.

Investments
Investments are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 July 2023
and 30 June 2024 300,000
AMORTISATION
At 1 July 2023
and 30 June 2024 300,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

Lawware Limited (Registered number: 03585132)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 784 18,585 56,365 75,734
Additions - - 2,012 2,012
Disposals - (17,329 ) (32,470 ) (49,799 )
At 30 June 2024 784 1,256 25,907 27,947
DEPRECIATION
At 1 July 2023 157 17,987 49,166 67,310
Charge for year 156 113 3,097 3,366
Eliminated on disposal - (16,953 ) (32,470 ) (49,423 )
At 30 June 2024 313 1,147 19,793 21,253
NET BOOK VALUE
At 30 June 2024 471 109 6,114 6,694
At 30 June 2023 627 598 7,199 8,424

6. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 July 2023 118,654
Revaluations 10,900
At 30 June 2024 129,554
NET BOOK VALUE
At 30 June 2024 129,554
At 30 June 2023 118,654

Listed investments represent investments in ordinary shares. The fair value of listed investments was determined with reference to the quoted market price at the reporting date. The cost of the shares on acquisition was £62,099.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 19,212 8,226
Other debtors 10,198 8,486
29,410 16,712

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 57,587 33,831
Taxation and social security 390,945 294,358
Other creditors 12,128 16,743
460,660 344,932

Lawware Limited (Registered number: 03585132)

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

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year - 9,000
Between one and five years - 1,500
- 10,500

10. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 233 347

Deferred
tax
£   
Balance at 1 July 2023 347
Provided during year (114 )
Balance at 30 June 2024 233

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
400 Ordinary £0.01 4 4

12. RESERVES
Retained
earnings
£   

At 1 July 2023 8,508,907
Profit for the year 1,294,021
Dividends (42,000 )
At 30 June 2024 9,760,928

Within retained earnings there are undistributable profits of £67,545 (2023 - £56,555) resulting from fair value gains.

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 30 June 2024, the company owed a director £869 (2023: £6,966).

14. RELATED PARTY DISCLOSURES





Related Party




Transaction



Amount in
30.06.24



Amount in
30.06.23
Balance
receivable /
(payable) by the
Association as at
30.06.24
Balance
receivable /
(payable) by the
Association as at
30.06.23
£ £ £ £

(1) Associated company Consultancy nil 49,200 - -


(1) A director of Lawware Limited is also a director of the above associated company.

Lawware Limited (Registered number: 03585132)

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

15. ULTIMATE CONTROLLING PARTY

The controlling party is W T Wander.