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REGISTERED NUMBER: 09133862 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Loss Legal Services Ltd

Loss Legal Services Ltd (Registered number: 09133862)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Loss Legal Services Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs T Downes
Mrs C C Wilkinson





REGISTERED OFFICE: 16 Chester Road
Northwich
Cheshire
CW8 1JB





REGISTERED NUMBER: 09133862 (England and Wales)





ACCOUNTANTS: Emmerson Accountancy Ltd
Atlantic Business Centre
Atlantic Street
Altrincham
Cheshire
WA14 5NQ

Loss Legal Services Ltd (Registered number: 09133862)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 7,469 3,300

CURRENT ASSETS
Stocks 5 280,719 200,580
Debtors 6 267,005 121,811
Cash at bank 10,745 41,966
558,469 364,357
CREDITORS
Amounts falling due within one year 7 202,297 158,154
NET CURRENT ASSETS 356,172 206,203
TOTAL ASSETS LESS CURRENT
LIABILITIES

363,641

209,503

CREDITORS
Amounts falling due after more than one year 8 74,226 42,983
NET ASSETS 289,415 166,520

CAPITAL AND RESERVES
Called up share capital 10 190,000 190,000
Retained earnings 11 99,415 (23,480 )
SHAREHOLDERS' FUNDS 289,415 166,520

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Loss Legal Services Ltd (Registered number: 09133862)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by:





Mrs T Downes - Director


Loss Legal Services Ltd (Registered number: 09133862)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Loss Legal Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

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.

Loss Legal Services Ltd (Registered number: 09133862)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023 - 7,942 7,942
Additions 4,254 1,837 6,091
At 30 September 2024 4,254 9,779 14,033
DEPRECIATION
At 1 October 2023 - 4,642 4,642
Charge for year 638 1,284 1,922
At 30 September 2024 638 5,926 6,564
NET BOOK VALUE
At 30 September 2024 3,616 3,853 7,469
At 30 September 2023 - 3,300 3,300

5. STOCKS
30.9.24 30.9.23
£    £   
Work-in-progress 280,719 200,580

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 262,917 118,961
Other debtors 675 -
Prepayments and accrued income 3,413 2,850
267,005 121,811

Loss Legal Services Ltd (Registered number: 09133862)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 106,100 72,847
Pension Contribution unpaid 622 850
Tax 43,413 32,401
Social security and other taxes 7,377 9,654
VAT 34,813 36,198
Credit card 6,929 3,204
Directors' current accounts 43 -
Accrued expenses 3,000 3,000
202,297 158,154

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans (see note 9) 36,662 42,983
Other loans (see note 9) 37,564 -
74,226 42,983

9. LOANS

An analysis of the maturity of loans is given below:

30.9.24 30.9.23
£    £   
Amounts falling due between one and two years:
Other loans - 1-2 years 37,564 -

Amounts falling due between two and five years:
Bank loans - 2-5 years 36,662 42,983

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
70,650 Ordinary A £1 70,650 70,650
70,200 Ordinary B £1 70,200 70,200
49,150 Ordinary C £1 49,150 49,150
190,000 190,000

Loss Legal Services Ltd (Registered number: 09133862)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

11. RESERVES
Retained
earnings
£   

At 1 October 2023 (23,480 )
Profit for the year 129,775
Dividends (6,880 )
At 30 September 2024 99,415