| T & B Law Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention in pounds sterling, and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (including section 1A of the standard as applied to Small entities). |
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Turnover |
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Turnover represents amounts chargeable to clients for professional services provided during the period. Services to clients, which at the balance sheet date have not been billed, have been recognised as revenue, by reference to an assessment of the services carred out at the balance sheet date to the extent that the company has a right to consideration and is recorded at the value of that consideration. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). |
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Taxation |
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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. |
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| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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| 3 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
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Trade debtors |
14,908 |
|
5,439 |
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Other debtors |
15,409 |
|
22,711 |
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|
30,317 |
|
28,150 |
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| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
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Taxation and social security costs |
5,334 |
|
6,578 |
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Other creditors |
20,373 |
|
13,100 |
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|
25,707 |
|
19,678 |
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| 5 |
Related party transactions |
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Included in other creditors is an amount of £18,648 owed to the Director. This loan is interest free. |
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| 6 |
Other information |
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T & B Law Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Stangate House, |
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Green Lane, |
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Huntingdon, |
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Cambridgeshire |
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PE28 5YE |