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REGISTERED NUMBER: 08775720 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Serious Accident Lawyers Limited

Serious Accident Lawyers Limited (Registered number: 08775720)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Serious Accident Lawyers Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: S Abbas





REGISTERED OFFICE: Bradford Chambers Business Park
New Lane
Bradford
West Yorkshire
BD4 8BX





REGISTERED NUMBER: 08775720 (England and Wales)





ACCOUNTANTS: Enigma Accountants Ltd
Office B5, Croft Myl
West Parade
Halifax
West Yorkshire
HX1 2EQ

Serious Accident Lawyers Limited (Registered number: 08775720)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,570 87,646

CURRENT ASSETS
Debtors 5 4,034,844 3,767,423
Cash at bank 52,456 13,297
4,087,300 3,780,720
CREDITORS
Amounts falling due within one year 6 529,143 519,790
NET CURRENT ASSETS 3,558,157 3,260,930
TOTAL ASSETS LESS CURRENT LIABILITIES 3,625,727 3,348,576

CREDITORS
Amounts falling due after more than one
year

7

(153,956

)

(242,613

)

PROVISIONS FOR LIABILITIES (16,892 ) (21,911 )
NET ASSETS 3,454,879 3,084,052

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 3,454,878 3,084,051
3,454,879 3,084,052

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 his 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.

Serious Accident Lawyers Limited (Registered number: 08775720)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 April 2025 and were signed by:





S Abbas - Director


Serious Accident Lawyers Limited (Registered number: 08775720)

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

1. STATUTORY INFORMATION

Serious Accident Lawyers Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Serious Accident Lawyers Limited (Registered number: 08775720)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 129,380
Additions 2,447
At 31 August 2024 131,827
DEPRECIATION
At 1 September 2023 41,734
Charge for year 22,523
At 31 August 2024 64,257
NET BOOK VALUE
At 31 August 2024 67,570
At 31 August 2023 87,646

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 107,906
DEPRECIATION
At 1 September 2023 26,977
Charge for year 20,232
At 31 August 2024 47,209
NET BOOK VALUE
At 31 August 2024 60,697
At 31 August 2023 80,929

Serious Accident Lawyers Limited (Registered number: 08775720)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 130,936 106,087
Amounts recoverable on contract 412,099 410,406
Other debtors 3,491,809 3,250,930
4,034,844 3,767,423

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 77,600 77,600
Hire purchase contracts 11,057 7,625
Trade creditors 247,595 227,455
Taxation and social security 189,356 203,660
Other creditors 3,535 3,450
529,143 519,790

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 71,133 148,733
Hire purchase contracts 82,823 93,880
153,956 242,613

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
S Abbas
Balance outstanding at start of year 347,351 351,743
Amounts advanced 82,115 81,719
Amounts repaid (60,670 ) (86,111 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 368,796 347,351