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REGISTERED NUMBER: 08636353 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

RAPHAEL LAW LTD
TRADING AS
RAPHAEL LAW

RAPHAEL LAW LTD (REGISTERED NUMBER: 08636353)
TRADING AS RAPHAEL LAW

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


RAPHAEL LAW LTD (REGISTERED NUMBER: 08636353)
TRADING AS RAPHAEL LAW

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 100,253 99,172

CURRENT ASSETS
Stocks 5 126,785 17,255
Debtors 6 55,898 58,369
Cash at bank and in hand 896,164 343,807
1,078,847 419,431
CREDITORS
Amounts falling due within one year 7 1,054,795 514,822
NET CURRENT ASSETS/(LIABILITIES) 24,052 (95,391 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,305

3,781

CREDITORS
Amounts falling due after more than one
year

8

(8,333

)

(18,333

)

PROVISIONS FOR LIABILITIES (8,641 ) (6,378 )
NET ASSETS/(LIABILITIES) 107,331 (20,930 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 107,231 (21,030 )
SHAREHOLDERS' FUNDS 107,331 (20,930 )

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

RAPHAEL LAW LTD (REGISTERED NUMBER: 08636353)
TRADING AS RAPHAEL LAW

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 March 2025 and were signed by:





N S Raphael - Director


RAPHAEL LAW LTD (REGISTERED NUMBER: 08636353)
TRADING AS RAPHAEL LAW

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Raphael Law Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08636353

Registered office: Cavendish House
369 Burnt Oak Broadway
Edgware
London
HA8 5AW

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.


RAPHAEL LAW LTD (REGISTERED NUMBER: 08636353)
TRADING AS RAPHAEL LAW

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 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 statement of financial position 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 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to and Computer
leasehold property fittings equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 21,412 41,626 49,164 32,121 144,323
Additions - - 5,308 3,490 8,798
At 31 August 2024 21,412 41,626 54,472 35,611 153,121
DEPRECIATION
At 1 September 2023 - - 29,074 16,077 45,151
Charge for year - - 3,810 3,907 7,717
At 31 August 2024 - - 32,884 19,984 52,868
NET BOOK VALUE
At 31 August 2024 21,412 41,626 21,588 15,627 100,253
At 31 August 2023 21,412 41,626 20,090 16,044 99,172

RAPHAEL LAW LTD (REGISTERED NUMBER: 08636353)
TRADING AS RAPHAEL LAW

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. STOCKS
2024 2023
£    £   
Work-in-progress 126,785 17,255

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,000 38,500
Other debtors 19,898 19,869
55,898 58,369

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 30,831 10,000
Taxation and social security 76,318 70,551
Other creditors 947,646 434,271
1,054,795 514,822

Included in other creditors is a balance of £895,738 (2023-£328,340) owed to clients per ledger accounts, represented with the same balance in cash at bank per the balance sheet.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 8,333 18,333

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 20,831 -
Bank loans 10,000 10,000
30,831 10,000

RAPHAEL LAW LTD (REGISTERED NUMBER: 08636353)
TRADING AS RAPHAEL LAW

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


9. LOANS - continued
2024 2023
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 8,333 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years - 8,333

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below:


2024 2023
£    £   
Amounts owed by/(to) N S Raphael (Director) (40,469 ) (99,357 )