Robert James Law Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11599143

		2024		2023 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		269,984		207,060

			269,984		207,060
CURRENT ASSETS
Stocks	5	159,000		209,000
Debtors	6	464,845		217,770
Cash at bank and in hand		424,126		455,322

		1,047,971		882,092
Creditors: Amounts Falling Due Within One Year	7	(366,247 )		(291,096 )

NET CURRENT ASSETS (LIABILITIES)			681,724		590,996

TOTAL ASSETS LESS CURRENT LIABILITIES			951,708		798,056

Creditors: Amounts Falling Due After More Than One Year	8		(63,236 )		(88,446 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(67,496 )		(51,765 )

NET ASSETS			820,976		657,845

CAPITAL AND RESERVES
Called up share capital	11		4		4
Profit and Loss Account			820,972		657,841

SHAREHOLDERS' FUNDS			820,976		657,845

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Robert James Law Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr R J Siner

Director

9 June 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Robert James Law Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11599143 . The registered office is Unit 1 - 3 Meridian Business Village Hansby Drive, Speke, Liverpool, L24 9LG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	15% reducing balance
Motor vehicles	25% reducing balance
Fixtures and fittings	15% straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

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Robert James Law Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 47 (2023: 35)

4. Tangible Assets

	Land & Property
	Leasehold	Motor vehicles	Fixtures and fittings	Total
	£	£	£	£
Cost
As at 1 January 2024	65,325	109,850	104,615	279,790
Additions	91,651	-	34,240	125,891

As at 31 December 2024	156,976	109,850	138,855	405,681

Depreciation
As at 1 January 2024	10,509	29,179	33,042	72,730
Provided during the period	21,970	20,168	20,829	62,967

As at 31 December 2024	32,479	49,347	53,871	135,697

Net Book Value
As at 31 December 2024	124,497	60,503	84,984	269,984

As at 1 January 2024	54,816	80,671	71,573	207,060

5. Stocks

	2024	2023 as restated
	£	£
Stock	159,000	209,000

6. Debtors

	2024	2023 as restated
	£	£
Due within one year
Other debtors	464,845	217,770

7. Creditors: Amounts Falling Due Within One Year

	2024	2023 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	15,210	15,210
Bank loans and overdrafts	10,000	10,000
Other creditors	16,430	18,147
Taxation and social security	324,607	247,739

	366,247	291,096

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Robert James Law Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	53,236	68,446
Bank loans	10,000	20,000

	63,236	88,446

9. Secured Creditors

The loan held is 100% secured via the government-backed bounce back loan scheme.

The hire purchase liabilities are secured against the assets to which they relate.

10. Obligations Under Finance Leases and Hire Purchase

	2024	2023 as restated
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	15,210	15,210
Later than one year and not later than five years	53,236	68,446

	68,446	83,656

	68,446	83,656

11. Share Capital

	2024	2023 as restated
	£	£
Allotted, Called up and fully paid	4	4

12. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023 as restated
	£	£
Not later than one year	51,360	50,000

	51,360	50,000

13. Directors Advances, Credits and Guarantees

No director received advances, credits or guarantees during the current or previous accounting periods.

14. Related Party Transactions

The following related party transactions were undertaken during the year:

During the period, the directors introduced amounts totalling £110,000 (2023: £199,480) and withdrew amounts totalling £115,300 (2023: £200,953). At the balance sheet date the amount payable to the directors totalled £127 (2023: £5,427).

Dividends were paid to the directors in respect of their shareholdings totalling £220,073 (2023: £196,600).

The aggregate remuneration paid to key management personnel for the year was £27,869 (2023: £34,464).

No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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