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REGISTERED NUMBER: 05632155 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2024

for

Neath Raisbeck Golding Law Ltd

Neath Raisbeck Golding Law Ltd (Registered number: 05632155)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Neath Raisbeck Golding Law Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs V L Neath
D L McAndrew
Ms S J Turner





SECRETARY: Mrs V L Neath





REGISTERED OFFICE: St Brandon's House
27 - 29 Great George Street
Bristol
BS1 5QT





REGISTERED NUMBER: 05632155 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Neath Raisbeck Golding Law Ltd (Registered number: 05632155)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 50,767 100,900
Tangible assets 5 2,789 11,254
53,556 112,154

CURRENT ASSETS
Stocks 12,000 25,810
Debtors 6 284,766 180,242
Cash at bank 76,800 52,565
373,566 258,617
CREDITORS
Amounts falling due within one year 7 250,273 122,427
NET CURRENT ASSETS 123,293 136,190
TOTAL ASSETS LESS CURRENT LIABILITIES 176,849 248,344

CREDITORS
Amounts falling due after more than one year 8 (107,154 ) (145,583 )

PROVISIONS FOR LIABILITIES (10,176 ) (26,440 )
NET ASSETS 59,519 76,321

CAPITAL AND RESERVES
Called up share capital 11 1,427 1,427
Retained earnings 58,092 74,894
SHAREHOLDERS' FUNDS 59,519 76,321

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Neath Raisbeck Golding Law Ltd (Registered number: 05632155)

Balance Sheet - continued
31 March 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 24 March 2025 and were signed on its behalf by:





Mrs V L Neath - Director


Neath Raisbeck Golding Law Ltd (Registered number: 05632155)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Neath Raisbeck Golding Law Ltd 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 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of three years.

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 - 33.33% on cost

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 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.

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.

Client bank accounts
Balances held within client bank accounts have been netted off with the corresponding liabilities.

Neath Raisbeck Golding Law Ltd (Registered number: 05632155)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 150,400
AMORTISATION
At 1 April 2023 49,500
Charge for year 50,133
At 31 March 2024 99,633
NET BOOK VALUE
At 31 March 2024 50,767
At 31 March 2023 100,900

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 26,037 28,989 55,026
Additions - 2,765 2,765
Disposals (26,037 ) - (26,037 )
At 31 March 2024 - 31,754 31,754
DEPRECIATION
At 1 April 2023 14,016 29,756 43,772
Charge for year 1,804 (791 ) 1,013
Eliminated on disposal (15,820 ) - (15,820 )
At 31 March 2024 - 28,965 28,965
NET BOOK VALUE
At 31 March 2024 - 2,789 2,789
At 31 March 2023 12,021 (767 ) 11,254

Neath Raisbeck Golding Law Ltd (Registered number: 05632155)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 259,421 152,990
Other debtors 8,612 4,000
Tax 11,785 16,321
Prepayments 4,948 6,931
284,766 180,242

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 38,429 35,618
Trade creditors 4,221 9,070
Tax 6,488 -
Social security and other taxes 78,078 4,643
VAT 109,237 57,134
Other creditors 630 9,259
Directors' current accounts 11,390 -
Accrued expenses 1,800 6,703
250,273 122,427

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 41,675 38,429
Bank loans - 2-5 years 65,479 107,154
107,154 145,583

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 35,858 14,870
Between one and five years 27,162 -
63,020 14,870

10. SECURED DEBTS

A bank loan of £122,309 (2023: £147,994) is secured over the undertaking and all property and assets.

Neath Raisbeck Golding Law Ltd (Registered number: 05632155)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,000 Ordinary A 1 1,000 1,000
427 Ordinary B 1 427 427
1,427 1,427