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Company No: 08642712 (England and Wales)

DIDLAW LTD

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

DIDLAW LTD

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

DIDLAW LTD

BALANCE SHEET

As at 31 December 2024
DIDLAW LTD

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 5 18,257 29,776
18,257 29,776
Current assets
Debtors 6 258,675 387,184
Cash at bank and in hand 164,508 205,089
423,183 592,273
Creditors: amounts falling due within one year 7 ( 375,891) ( 372,562)
Net current assets 47,292 219,711
Total assets less current liabilities 65,549 249,487
Creditors: amounts falling due after more than one year 8 ( 13,209) ( 49,923)
Provision for liabilities ( 7,401) ( 7,444)
Net assets 44,939 192,120
Capital and reserves
Called-up share capital 100 100
Profit and loss account 44,839 192,020
Total shareholders' funds 44,939 192,120

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Didlaw Ltd (registered number: 08642712) were approved and authorised for issue by the Board of Directors on 30 April 2025. They were signed on its behalf by:

Mr C R Jackson
Director
DIDLAW LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
DIDLAW LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Didlaw Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3 Waterhouse Square, 138-142 Holborn, London, EC1N 2SW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 8 10

3. Dividends on equity shares

2024 2023
£ £
Amounts recognised as distributions to equity holders in the financial year:
Interim dividend for the financial year ended 31 December 2024 of £2,180.00 (2023: £3,005.50) per ordinary share 218,000 300,550

4. Intangible assets

Goodwill Total
£ £
Cost
At 01 January 2024 50,000 50,000
Disposals ( 50,000) ( 50,000)
At 31 December 2024 0 0
Accumulated amortisation
At 01 January 2024 50,000 50,000
Disposals ( 50,000) ( 50,000)
At 31 December 2024 0 0
Net book value
At 31 December 2024 0 0
At 31 December 2023 0 0

5. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2024 68,855 68,855
Additions 7,784 7,784
Disposals ( 48,940) ( 48,940)
At 31 December 2024 27,699 27,699
Accumulated depreciation
At 01 January 2024 39,079 39,079
Charge for the financial year 7,957 7,957
Disposals ( 37,594) ( 37,594)
At 31 December 2024 9,442 9,442
Net book value
At 31 December 2024 18,257 18,257
At 31 December 2023 29,776 29,776

6. Debtors

2024 2023
£ £
Trade debtors 76,379 86,725
Amounts owed by directors 111,391 218,169
Accrued income 64,485 75,870
Other debtors 6,420 6,420
258,675 387,184

7. Creditors: amounts falling due within one year

2024 2023
£ £
Other loans (secured £ 20,000) 121,003 115,220
Accruals 132,480 85,250
Taxation and social security 121,281 168,815
Other creditors 1,127 3,277
375,891 372,562

The loan is secured on a personal guarantee by the directors.

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other loans (secured) 13,209 49,923

The loan is secured on a personal guarantee by the directors.

9. Financial commitments

The total amount of financial commitments not included in the balance sheet is £16,626 (2023: £15,023)

10. Related party transactions

Other related party transactions

2024 2023
£ £
At 1 January 2024 218,169 144,031
Advances to directors 111,222 374,688
Repayments by directors (218,000) (300,550)
Amount due back to Company 111,391 218,169