James Law Author Ltd

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 08793268

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1		1

			1		1
CURRENT ASSETS
Debtors		76,533		84,367
Cash at bank and in hand		119		934

		76,652		85,301
Creditors: Amounts Falling Due Within One Year		(9,638 )		(10,943 )

NET CURRENT ASSETS (LIABILITIES)			67,014		74,358

TOTAL ASSETS LESS CURRENT LIABILITIES			67,015		74,359

NET ASSETS			67,015		74,359

CAPITAL AND RESERVES
Called up share capital	5		1		1
Profit and Loss Account			67,014		74,358

SHAREHOLDERS' FUNDS			67,015		74,359

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James Law Author Ltd

Abridged Balance Sheet (continued)

As At 31 August 2024

For the year ending 31 August 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 August 2024 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr James Law

Director

28/03/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

James Law Author Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08793268 . The registered office is Units 1-2 Warrior Court, 9-11 Mumby Road, Gosport, Hampshire, PO12 1BS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover represents royalties (including associated advances) earned during the period as per the memorandums of agreement, excluding any value added tax.

2.3. Intangible Fixed Assets and Amortisation - Intellectual Property

Copyrights are initially measured at cost. After initial recognition, copyrights are measured at cost less any accumulated amortisation and any accumulated impairment losses. They have been fully amortised to the profit and loss account in proportion to the expected commercial sales of the literature covered by the assignment of copyright dated 1 September 2014 as follows:

On contract signature with publisher: 40%

After one year - between signature and one year: 30%

After two years - between one and two years: 20%

After three years - between two and three years: 10%

3. Average Number of Employees

The average number of persons employed under contracts of service during the year was: NIL (2023: NIL)

4. Intangible Assets

	Total
	£
Cost
As at 1 September 2023	10,361

As at 31 August 2024	10,361

Amortisation
As at 1 September 2023	10,360

As at 31 August 2024	10,360

Net Book Value
As at 31 August 2024	1

As at 1 September 2023	1

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James Law Author Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 August 2024

5. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

6. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 September 2023	Amounts advanced	Amounts repaid	Amounts written off	As at 31 August 2024
	£	£	£	£	£
Mr James Law	66,617	1,760	(9,310 )	-	59,067

Interest of £1,499 (2023: £1,395) was charged on the above loan at a rate of 2.25%.

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