Registered number
13090923
SYMON HALL LAW LTD
Unaudited Filleted Accounts
31 December 2024
SYMON HALL LAW LTD
Registered number: 13090923
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 10,041 5,120
Current assets
Stocks 147,256 177,087
Debtors 4 7,293 16,680
Cash at bank and in hand 109,259 97,655
263,808 291,422
Creditors: amounts falling due within one year 5 (176,994) (173,037)
Net current assets 86,814 118,385
Net assets 96,855 123,505
Capital and reserves
Called up share capital 1 1
Profit and loss account 96,854 123,504
Shareholder's funds 96,855 123,505
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Hall
Director
Approved by the board on 7 May 2025
SYMON HALL LAW LTD
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Fixtures and Fittings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2024 5,522 4,447 9,969
Additions 5,812 2,228 8,040
At 31 December 2024 11,334 6,675 18,009
Depreciation
At 1 January 2024 2,208 2,641 4,849
Charge for the year 1,104 2,015 3,119
At 31 December 2024 3,312 4,656 7,968
Net book value
At 31 December 2024 8,022 2,019 10,041
At 31 December 2023 3,314 1,806 5,120
4 Debtors 2024 2023
£ £
Trade debtors 5,221 14,433
Other debtors 2,072 2,247
7,293 16,680
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 48,742 24,589
Taxation and social security costs 46,504 43,561
Other creditors 81,748 104,887
176,994 173,037
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Alexandra Hall
[Loan 1] 36,174 194,402 (183,929) 46,647
36,174 194,402 (183,929) 46,647
7 Other information
SYMON HALL LAW LTD is a private company limited by shares and incorporated in England. Its registered office is:
57 Chalfont Road
Liverpool
England
L18 9UR
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