IRIS Accounts Production v25.1.0.734 05577095 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh055770952023-10-31055770952024-10-31055770952023-11-012024-10-31055770952022-10-31055770952022-11-012023-10-31055770952023-10-3105577095ns15:EnglandWales2023-11-012024-10-3105577095ns14:PoundSterling2023-11-012024-10-3105577095ns10:Director12023-11-012024-10-3105577095ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3105577095ns10:SmallEntities2023-11-012024-10-3105577095ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3105577095ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3105577095ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3105577095ns10:AbridgedAccounts2023-11-012024-10-3105577095ns10:OrdinaryShareClass12023-11-012024-10-3105577095ns10:Director22023-11-012024-10-3105577095ns10:CompanySecretary12023-11-012024-10-3105577095ns10:RegisteredOffice2023-11-012024-10-3105577095ns5:CurrentFinancialInstruments2024-10-3105577095ns5:CurrentFinancialInstruments2023-10-3105577095ns5:ShareCapital2024-10-3105577095ns5:ShareCapital2023-10-3105577095ns5:RetainedEarningsAccumulatedLosses2024-10-3105577095ns5:RetainedEarningsAccumulatedLosses2023-10-3105577095ns5:FurnitureFittings2023-11-012024-10-3105577095ns5:ComputerEquipment2023-11-012024-10-3105577095ns10:OrdinaryShareClass12024-10-31055770951ns10:Director12023-10-31055770951ns10:Director12022-10-31055770951ns10:Director12023-11-012024-10-31055770951ns10:Director12022-11-012023-10-31055770951ns10:Director12024-10-31055770951ns10:Director12023-10-31
REGISTERED NUMBER: 05577095 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 October 2024

for

H. Walmsley (Legal Costings) Limited

H. Walmsley (Legal Costings) Limited (Registered number: 05577095)






Contents of the Financial Statements
for the year ended 31 October 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


H. Walmsley (Legal Costings) Limited

Company Information
for the year ended 31 October 2024







DIRECTORS: H B Walmsley
M Walmsley





SECRETARY: J C Walmsley





REGISTERED OFFICE: 13 Nave Close
Darwen
Lancashire
BB3 3JY





REGISTERED NUMBER: 05577095 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

H. Walmsley (Legal Costings) Limited (Registered number: 05577095)

Abridged Balance Sheet
31 October 2024

31/10/24 31/10/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 190 167

CURRENT ASSETS
Debtors 11,165 11,997
Cash at bank 775 -
11,940 11,997
CREDITORS
Amounts falling due within one year 12,121 12,143
NET CURRENT LIABILITIES (181 ) (146 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9

21

CAPITAL AND RESERVES
Called up share capital 5 1 1
Retained earnings 8 20
SHAREHOLDERS' FUNDS 9 21

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

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 April 2025 and were signed on its behalf by:




H B Walmsley - Director


H. Walmsley (Legal Costings) Limited (Registered number: 05577095)

Notes to the Financial Statements
for the year ended 31 October 2024

1. STATUTORY INFORMATION

H. Walmsley (Legal Costings) 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.

The financial statements have been prepared on a going concern basis. The company has net liabilities in the current and previous financial year. The company is reliant on the continued financial support of the bank by way of loans and overdrafts.
The directors are of the opinion that trading performance will improve over the next financial year and that the relevant support will be maintained.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company provides a law costs draftsman service. Revenue is recognised in the accounting period in which the services are rendered when the outcome of contract can be estimated reliably. The company uses the percentage of completion method based on the actual service performed as a percentage of the total services to be provided.

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

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.


H. Walmsley (Legal Costings) Limited (Registered number: 05577095)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2023 2,172
Additions 84
At 31 October 2024 2,256
DEPRECIATION
At 1 November 2023 2,005
Charge for year 61
At 31 October 2024 2,066
NET BOOK VALUE
At 31 October 2024 190
At 31 October 2023 167

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/24 31/10/23
value: £    £   
1 Ordinary £1 1 1

H. Walmsley (Legal Costings) Limited (Registered number: 05577095)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31/10/24 31/10/23
£    £   
H B Walmsley
Balance outstanding at start of year 7,590 1,919
Amounts advanced 33,552 38,453
Amounts repaid (32,709 ) (32,782 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,433 7,590