6 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 7,500 5,034 1,252 6,286 1,214 2,466 xbrli:pure xbrli:shares iso4217:GBP 10194050 2023-10-01 2024-09-30 10194050 2024-09-30 10194050 2023-09-30 10194050 2022-10-01 2023-09-30 10194050 2023-09-30 10194050 2022-09-30 10194050 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 10194050 bus:Director2 2023-10-01 2024-09-30 10194050 core:WithinOneYear 2024-09-30 10194050 core:WithinOneYear 2023-09-30 10194050 core:AfterOneYear 2024-09-30 10194050 core:AfterOneYear 2023-09-30 10194050 core:ShareCapital 2024-09-30 10194050 core:ShareCapital 2023-09-30 10194050 core:RetainedEarningsAccumulatedLosses 2024-09-30 10194050 core:RetainedEarningsAccumulatedLosses 2023-09-30 10194050 bus:SmallEntities 2023-10-01 2024-09-30 10194050 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 10194050 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10194050 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10194050 bus:FullAccounts 2023-10-01 2024-09-30 10194050 bus:OrdinaryShareClass1 2024-09-30 10194050 bus:OrdinaryShareClass1 2023-09-30 10194050 core:ComputerEquipment 2023-10-01 2024-09-30 10194050 core:ComputerEquipment 2024-09-30 10194050 core:ComputerEquipment 2023-09-30
COMPANY REGISTRATION NUMBER: 10194050
MA LAWYERS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 September 2024
MA LAWYERS LIMITED
STATEMENT OF FINANCIAL POSITION
30 September 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
1,214
2,466
CURRENT ASSETS
Stocks
57,790
30,854
Debtors
6
350
350
Cash at bank and in hand
1,889
2,265
--------
--------
60,029
33,469
CREDITORS: amounts falling due within one year
7
71,029
63,217
--------
--------
NET CURRENT LIABILITIES
11,000
29,748
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 9,786)
( 27,282)
CREDITORS: amounts falling due after more than one year
8
10,920
10,833
--------
--------
NET LIABILITIES
( 20,706)
( 38,115)
--------
--------
CAPITAL AND RESERVES
Called up share capital
9
10
10
Profit and loss account
( 20,716)
( 38,125)
--------
--------
SHAREHOLDERS DEFICIT
( 20,706)
( 38,115)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
MA LAWYERS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 7 April 2025 , and are signed on behalf of the board by:
Ms S Majevadia
Director
Company registration number: 10194050
MA LAWYERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
Year ended 30 September 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First House, 1 Sutton Street, Birmingham, West Midlands, B1 1PE.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered. Turnover is recognised when work on the matter is complete.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment
-
25% straight line
Work in progress
Work in progress is measured at the lower of cost and net realisable value.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Pension contributions
Pension contributions are recognised as and expense in the period to which they relate.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 6 (2023: 6 ).
5. TANGIBLE ASSETS
Equipment
£
Cost
At 1 October 2023 and 30 September 2024
7,500
-------
Depreciation
At 1 October 2023
5,034
Charge for the year
1,252
-------
At 30 September 2024
6,286
-------
Carrying amount
At 30 September 2024
1,214
-------
At 30 September 2023
2,466
-------
6. DEBTORS
2024
2023
£
£
Trade debtors
350
350
----
----
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
2,340
6,500
Trade creditors
740
377
Social security and other taxes
9,437
8,096
Other creditors
58,512
48,244
--------
--------
71,029
63,217
--------
--------
8. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
10,920
10,833
--------
--------
9. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
10
10
10
10
----
----
----
----
10. GOING CONCERN
At 30 September 2024 the company was in a net liabilities position. However, the directors continue to support the company and therefore consider the going concern assumption to be appropriate. In the event of a winding up the directors consider that no restatement of the figures would be necessary.