Registered number
07618814
MLC Immigration Lawyers Ltd
Unaudited Filleted Accounts
29 February 2024
MLC Immigration Lawyers Ltd
Registered number: 07618814
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 13,567 8,947
Current assets
Debtors 4 142,202 64,326
Cash at bank and in hand 11,541 24,800
153,743 89,126
Creditors: amounts falling due within one year 5 (175,525) (167,335)
Net current liabilities (21,782) (78,209)
Total assets less current liabilities (8,215) (69,262)
Creditors: amounts falling due after more than one year 6 (12,194) (21,755)
Net liabilities (20,409) (91,017)
Capital and reserves
Called up share capital 250 250
Share premium 15,000 15,000
Profit and loss account (35,659) (106,267)
Shareholders' funds (20,409) (91,017)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Annik Ul Ghani Chaudery and Shermina Kamal
Director
Approved by the board on 27 May 2025
MLC Immigration Lawyers Ltd
Notes to the Accounts
for the year ended 29 February 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:
Office equipment 25% reducing balance
Fixtures and fittings 25% reducing balance
Leasehold improvements 25% reducing balance
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Office Equipment Fixtures and
fittings
Leasehold
Improvements
Total
£ £ £ £
Cost
At 1 March 2023 15,809 3,700 7,450 26,959
Additions 4,413 207 - 4,620
At 29 February 2024 20,222 3,907 7,450 31,579
Depreciation
At 1 March 2023 9,639 2,543 5,830 18,012
At 29 February 2024 9,639 2,543 5,830 18,012
Net book value
At 29 February 2024 10,583 1,364 1,620 13,567
At 28 February 2023 6,170 1,157 1,620 8,947
4 Debtors 2024 2023
£ £
Trade debtors 33,577 22,630
Other debtors 108,625 41,696
142,202 64,326
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,306 10,306
Trade creditors 4,096 9,808
Taxation and social security costs 136,085 146,089
Other creditors 25,038 1,132
175,525 167,335
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 12,194 21,755
7 Controlling party
The controlling party is Mr A Ul Ghani Chaudery, Mr M Tameem Hussain and Mrs S Kamal by virtue of their ownership of 100% of the issued share capital of the company.
8 Other information
MLC Immigration Lawyers Ltd is a private company limited by shares and incorporated in England. Its registered office is:
City View House
5 Union Street
Manchester
M12 4JD
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