Registered number
03456763
INTERNATIONAL ALLIANCE OF LAW FIRMS
Filleted Accounts
31 December 2024
M Jaffer & Co
Chartered Certified Accountants
Devonshire House
582 Honeypot Lane
Stanmore, England
HA7 1JS
INTERNATIONAL ALLIANCE OF LAW FIRMS
Registered number: 03456763
Balance Sheet
as at 31 December 2024
Notes 2024 2024 2023 2023
US$ US$ US$ US$
Current assets
Debtors 3 30,973 56,597
Cash at bank 149,261 100,077
180,234 156,674
Creditors: amounts falling due within one year 4 (31,070) (33,589)
Net current assets 149,164 123,085
Net assets 149,164 123,085
Capital and reserves
Profit and loss account 149,164 123,085
Shareholders' funds 149,164 123,085
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.
James Turner
Director
Approved by the board on 28 May 2025
INTERNATIONAL ALLIANCE OF LAW FIRMS
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).
The functional currency in which the entity operates is US Dollars. As a result the accounts are presented in US Dollars. The exchange rate at the year ended for the purpose of translating the financial information into Sterling is 0.7974 (US$1 equivalent to £.7974).
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 rendering of services. 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.
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.
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Debtors 2024 2023
US$ US$
Trade debtors - 5,654
Other debtors 30,973 50,943
30,973 56,597
4 Creditors: amounts falling due within one year 2024 2023
US$ US$
Trade creditors 13,301 12,870
Other taxes and social security costs - 243
Other creditors 17,769 20,476
31,070 33,589
5 Other information
INTERNATIONAL ALLIANCE OF LAW FIRMS is a private company limited by Guarantee and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
England
HA7 1JS
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