Company Registration No. 08356292 (England and Wales)
Accounts and Legal Consultants Ltd
Unaudited accounts
for the period from 1 January 2024 to 30 June 2024
Accounts and Legal Consultants Ltd
Unaudited accounts
Contents
Accounts and Legal Consultants Ltd
Company Information
for the period from 1 January 2024 to 30 June 2024
Directors
Neil David Nichols
Neil Ormesher
Edward James Richard Turner
Company Number
08356292 (England and Wales)
Registered Office
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
England
Accounts and Legal Consultants Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
22,503
25,970
Cash at bank and in hand
6,518
18,181
Creditors: amounts falling due within one year
(581,370)
(416,792)
Net current liabilities
(463,827)
(274,825)
Total assets less current liabilities
(441,324)
(248,855)
Creditors: amounts falling due after more than one year
(1,609,763)
(1,483,413)
Net liabilities
(2,051,087)
(1,732,268)
Called up share capital
18
20
Capital redemption reserve
(10,000)
(10,000)
Profit and loss account
(2,041,105)
(1,722,288)
Shareholders' funds
(2,051,087)
(1,732,268)
For the period ending 30 June 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2025 and were signed on its behalf by
Neil David Nichols
Director
Company Registration No. 08356292
Accounts and Legal Consultants Ltd
Notes to the Accounts
for the period from 1 January 2024 to 30 June 2024
Accounts and Legal Consultants Ltd is a private company, limited by shares, registered in England and Wales, registration number 08356292. The registered office is Suite 1-3, The Hop Exchange, 24 Southwark Street, London, SE1 1TY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
These financial statements cover the period from 1st January 2024 to 30th June 2024, a period of 6 months. The comparative figures cover the 12-month period ended 31st December 2023.
As a result, the amounts presented in the statement of comprehensive income, the statement of cash flows, and related notes are not entirely comparable between the current period and the comparative period.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Accounts and Legal Consultants Ltd
Notes to the Accounts
for the period from 1 January 2024 to 30 June 2024
The financial statements have been prepared on a going concern basis, notwithstanding that at the balance sheet date the Company had negative reserves of £2,051,085.
The directors have considered the Company’s financial position, forecasts, and cash flow requirements for the foreseeable future, being a period of at least 12 months from the date of approval of these financial statements. The review has taken into account:
- The continued support of the shareholders, who have provided funding to the Company in the form of loans totalling at the year end.
- Written confirmation from the shareholders that these loans will not be called for repayment within the foreseeable future, and in any case not within 12 months from the date of approval of the financial statements.
- The directors’ forecasts, which indicate that the Company is expected to meet its obligations as they fall due, supported by the availability of shareholder funding and expected trading performance.
On the basis of these considerations, the directors believe that it is appropriate to prepare the financial statements on a going concern basis.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The costs of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
1,893
71,978
73,871
At 30 June 2024
4,530
72,236
76,766
At 1 January 2024
1,893
46,008
47,901
Charge for the period
220
6,142
6,362
At 30 June 2024
2,113
52,150
54,263
At 30 June 2024
2,417
20,086
22,503
At 31 December 2023
-
25,970
25,970
Accounts and Legal Consultants Ltd
Notes to the Accounts
for the period from 1 January 2024 to 30 June 2024
Amounts falling due within one year
Trade debtors
73,424
97,019
Accrued income and prepayments
17,344
15,565
Other debtors
20,257
11,202
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
39,642
39,642
Trade creditors
79,882
33,142
Taxes and social security
162,216
37,891
Other creditors
140,881
157,686
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
589,374
405,000
Loans from directors
946,859
983,813
Included in non current creditors is government backed loans.
Allotted, called up and fully paid:
1,800 Ordinary shares of £0.01 each
18.00
19.92
9
Transactions with related parties
Neil Nichols, Director of Accounts and Legal Consultants Limited is owed £946,859 at the financial year end date, (£983,813 in 2023). The loan has no debt servicing requirements and is not due to be repaid within the next 12 months. This is disclosed under Other Creditors in Note 7.
10
Average number of employees
During the period the average number of employees was 42 (2023: 40).