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REGISTERED NUMBER: 11254303 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

ET LAW LIMITED

ET LAW LIMITED (REGISTERED NUMBER: 11254303)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ET LAW LIMITED

COMPANY INFORMATION
for the Year Ended 31st March 2024







DIRECTORS: Mr M P Knights
Ms D T Gonzalez
Mr G P Underhill
Mr D Simpson





REGISTERED OFFICE: Stamford Green
33 Stamford Street
Altrincham
Lancashire
WA14 1ES





REGISTERED NUMBER: 11254303 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

ET LAW LIMITED (REGISTERED NUMBER: 11254303)

BALANCE SHEET
31st March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,168 1,044

CURRENT ASSETS
Stocks 880,000 937,000
Debtors 5 283,493 387,059
Cash at bank and in hand 77,169 77,967
1,240,662 1,402,026
CREDITORS
Amounts falling due within one year 6 (1,237,007 ) (1,276,020 )
NET CURRENT ASSETS 3,655 126,006
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,823

127,050

CREDITORS
Amounts falling due after more than one year 7 - (52,943 )
NET ASSETS 4,823 74,107

CAPITAL AND RESERVES
Called up share capital 8 104 104
Retained earnings 4,719 74,003
4,823 74,107

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

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

ET LAW LIMITED (REGISTERED NUMBER: 11254303)

BALANCE SHEET - continued
31st March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd May 2025 and were signed on its behalf by:





Mr M P Knights - Director


ET LAW LIMITED (REGISTERED NUMBER: 11254303)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024


1. STATUTORY INFORMATION

ET Law Limited is a private company limited by share capital, incorporated in England and Wales, registration number 11254303. The address of the registered office and principal place of business is Stamford Green, 33 Stamford Street, Altrincham, United Kingdom, WA14 1ES.

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 represents amounts due in respect of legal services provided during the year, net of value added tax.

Services provided to clients during the year which, at the balance sheet date, have not been invoiced to clients have been recognised as turnover in accordance with FRS 102. Turnover recognised in this manner is based on an assessment of the fair value of services provided by the balance sheet date as a proportion of the total value of the engagement. Provision is made against unbilled amounts on those engagements where the right to receive payment is contingent on factors outside the control of the partnership.

Unbilled fee income is included as unbilled turnover within debtors. Provision is made against unbilled amounts on those engagements where the right to receive payment is contingent on factors outside the control of the company. Income on such contingent engagements is generally recognised when the contingent event is successful.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Computer equipment 33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

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

ET LAW LIMITED (REGISTERED NUMBER: 11254303)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Basic financial assets, including trade and other debtors, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash at bank and in hand. Bank overdrafts and bank loans are included within creditors.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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 payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 29 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st April 2023 11,545
Additions 1,470
Eliminated (8,474 )
At 31st March 2024 4,541
DEPRECIATION
At 1st April 2023 10,501
Charge for year 1,346
Eliminated (8,474 )
At 31st March 2024 3,373
NET BOOK VALUE
At 31st March 2024 1,168
At 31st March 2023 1,044

ET LAW LIMITED (REGISTERED NUMBER: 11254303)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 94,766 94,951
Other debtors 188,727 292,108
283,493 387,059

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 52,943 50,620
Trade creditors 215,501 241,351
Taxation and social security 544,016 322,113
Other creditors 424,547 661,936
1,237,007 1,276,020

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 52,943

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal value: 2024 2023
£ £
100 Ordinary £1.00 100 100
1 Ordinary A £1.00 1 1
1 Ordinary B £1.00 1 1
1 Ordinary C £1.00 1 1
1 Ordinary D £1.00 1 1
104 104

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is an amount of £960 (2023: Nil) owed from the directors of the company. This balance represents an interest free loan, repayable on demand.

ET LAW LIMITED (REGISTERED NUMBER: 11254303)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2024


10. RELATED PARTY DISCLOSURES

During the year, dividends were paid to four of the directors who held office during the period amounting to £229,222 (2023: £160,316).

Included in other creditors are amounts of £86,665 (2023: £7,250) owed to companies under common control. These amounts relate to loans that are subject to annual interest of 2% and are repayable on demand.

During the year, the company reduced a balance of £64,727 previously owed to a Limited Liability Partnership of which a director of the company, is a designated member. The balance originally arose in respect of work in progress (WIP) transferred from the LLP to the company. Following a reassessment of the underlying WIP and a change in the commercial terms of the transaction, the value attributed to the transfer was revised downwards, resulting in a corresponding reduction of the liability. This adjustment has been recognised in the profit and loss account. At the reporting date the balance owed to the LLP was £Nil (2023: £316,207).

Included in other creditors are third party loans amounting to £105,661 (2023: £77,376). These loans are secured by a personal guarantee given by one of the directors.