Company Registration No. 12071609 (England and Wales)
Legal Market Solutions Ltd
Unaudited accounts
for the year ended 30 June 2024
Legal Market Solutions Ltd
Unaudited accounts
Contents
Legal Market Solutions Ltd
Company Information
for the year ended 30 June 2024
Director
Hamid Bagherzadeh
Company Number
12071609 (England and Wales)
Registered Office
29 Farm Street
Mayfair
London
W1J 5RL
England
Accountants
Majestic Accountants Limited
Profile West, 950 Great West Road
Suite 2, Floor 1
Brentford
Middlesex
TW8 9ES
Legal Market Solutions Ltd
Statement of financial position
as at 30 June 2024
Intangible assets
940,830
942,204
Cash at bank and in hand
1,745
44,165
Creditors: amounts falling due within one year
(513,085)
(443,217)
Net current liabilities
(506,923)
(322,734)
Total assets less current liabilities
433,918
619,494
Creditors: amounts falling due after more than one year
(24,695)
(30,478)
Net assets
409,223
589,016
Called up share capital
49,579
49,063
Share premium
1,414,421
1,230,704
Profit and loss account
(1,054,777)
(690,751)
Shareholders' funds
409,223
589,016
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 March 2025 and were signed on its behalf by
Hamid Bagherzadeh
Director
Company Registration No. 12071609
Legal Market Solutions Ltd
Notes to the Accounts
for the year ended 30 June 2024
Legal Market Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 12071609. The registered office is 29 Farm Street, Mayfair, London, W1J 5RL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
has been depreciated using the straight line method over 4 years.
Computer equipment
has been depreciated using the straight line method over 3 years.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
We have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
It is your duty to ensure that LEGAL MARKET SOLUTIONS LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of the company.
You consider that LEGAL MARKET SOLUTIONS LTD is exempt from the statutory audit requirement for the year. We draw your attention to note 2 to the financial statements. The company is reliant upon the continued financial support of its directors, shareholders and related parties. The financial statements do not include any adjustments that would result if the company were unable to continue as going concern.
Legal Market Solutions Ltd
Notes to the Accounts
for the year ended 30 June 2024
4
Intangible fixed assets
Other
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 30 June 2024
50
804
854
Charge for the year
13
-
13
At 30 June 2024
39
804
843
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
7,588
5,968
Non-equity preference shares
-
56,733
Other creditors
358,805
334,506
Loans from directors
146,692
46,010
Legal Market Solutions Ltd
Notes to the Accounts
for the year ended 30 June 2024
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 10 (2023: 10).