REGISTERED NUMBER: 10449985 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2024

for

Canfields Law Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N P Shulman

M J Shulman

Ms J B Shulman

A D B Taylor

S M Veitch

REGISTERED OFFICE:

Apartment 4 Forsyte Shades

82 Lilliput Road

Poole

Dorset

BH14 8LA

REGISTERED NUMBER:

10449985 (England and Wales)

ACCOUNTANTS:

J C Associates

Chartered Certified Accountants

& Chartered Accountants

29 The Avenue

Harrow

HA3 7DB

FIXED ASSETS

Tangible assets

4

22,044

29,392

CURRENT ASSETS

Stocks

600,000

388,000

Debtors

5

2,873,654

1,934,334

Cash at bank and in hand

645

84,693

3,474,299

2,407,027

CREDITORS

Amounts falling due within one year

6

2,716,927

1,803,113

NET CURRENT ASSETS

757,372

603,914

TOTAL ASSETS LESS CURRENT LIABILITIES

779,416

633,306

CREDITORS

Amounts falling due after more than one year

7

41,330

12,686

NET ASSETS

738,086

620,620

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

737,986

620,520

SHAREHOLDERS' FUNDS

738,086

620,620

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

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

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 5 May 2025 and were signed on its behalf by:

S M Veitch - Director

1.	STATUTORY INFORMATION

Canfields Law 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 each asset over its estimated useful life.

Improvements to property

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 August 2023

and 31 July 2024

16,000

17,690

44,244

77,934

DEPRECIATION

At 1 August 2023

9,720

14,987

23,835

48,542

Charge for year

1,570

676

5,102

7,348

At 31 July 2024

11,290

15,663

28,937

55,890

NET BOOK VALUE

At 31 July 2024

4,710

2,027

15,307

22,044

At 31 July 2023

6,280

2,703

20,409

29,392

5.

DEBTORS

31.7.24

31.7.23

£

£

Amounts falling due within one year:

Trade debtors

2,894,766

1,957,134

Other debtors

67,768

(23,080

)

2,962,534

1,934,054

Amounts falling due after more than one year:

Other debtors

(88,880

)

280

Aggregate amounts

2,873,654

1,934,334

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.24

31.7.23

£

£

Bank loans and overdrafts

18,646

-

Trade creditors

2,700,373

1,555,800

Taxation and social security

50,810

(13,048

)

Other creditors

(52,902

)

260,361

2,716,927

1,803,113

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.24

31.7.23

£

£

Other creditors

41,330

12,686

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.24

31.7.23

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 August 2023

620,520

Profit for the year

117,466

At 31 July 2024

737,986