Registration number:
lawlight solicitors limited
for the Year Ended 31 March 2025
Pages for filing with Registrar
lawlight solicitors limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
lawlight solicitors limited
Company Information
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Directors |
D A Francetti A M Dupin H C Bateman J Purdue |
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Registered office |
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Registered number |
11021166 |
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Accountant |
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lawlight solicitors limited
(Registration number: 11021166)
Balance Sheet as at 31 March 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Fixed asset investment |
15,546 |
12,173 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
1 |
1 |
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Capital redemption reserve |
1 |
1 |
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Profit and loss account |
272,878 |
258,771 |
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Total equity |
272,880 |
258,773 |
lawlight solicitors limited
(Registration number: 11021166)
Balance Sheet as at 31 March 2025
For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised for issue by the
.........................................
Director
lawlight solicitors limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
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Statutory information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
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Accounting policies |
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The company’s financial statements have been prepared on a going concern basis. The directors have considered a period of twelve months from the date of approval of the financial statements and believe that the company is able to meet liabilities as they fall due.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of legal services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.
lawlight solicitors limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
Deferred tax
Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Tangible fixed assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition.
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Vehicle |
20% on cost |
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Computer equipment |
33.33% on cost |
Investments
Investments in shares are included at cost less impairment.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
Trade debtors
Trade debtors are recognised initially at the transaction price. They are subsequently measured less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are recognised at the transaction price.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.
lawlight solicitors limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
Dividends
Dividends distributed to the company’s shareholders are recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year was
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Taxation |
Deferred tax
Deferred tax assets and liabilities
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2025 |
Liability |
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Fixed asset timing differences |
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2024 |
Liability |
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Fixed asset timing differences |
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lawlight solicitors limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
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Tangible fixed assets |
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Computer equipment |
Vehicle |
Total |
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Cost |
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At 1 April 2024 |
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At 31 March 2025 |
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Depreciation |
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At 1 April 2024 |
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Charge for the year |
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At 31 March 2025 |
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Carrying amount |
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At 31 March 2025 |
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At 31 March 2024 |
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Investments |
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Fixed asset investments |
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Cost |
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At 1 April 2024 |
12,173 |
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Additions |
3,373 |
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At 31 March 2025 |
15,546 |
lawlight solicitors limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
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Debtors: amounts falling due within one year |
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2025 |
2024 |
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Trade debtors |
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Other debtors |
1,375 |
2,275 |
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Prepayments |
39,626 |
35,793 |
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Creditors |
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2025 |
2024 |
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Trade creditors |
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Taxation and social security |
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Other creditors |
1,234 |
- |
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Accruals |
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Corporation tax |
44,409 |
37,986 |
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Share capital |
Allotted, called up and fully paid shares
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2025 |
2024 |
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No. |
£ |
No. |
£ |
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0.80 |
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0.80 |
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0.20 |
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0.20 |
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lawlight solicitors limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
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Obligations under leases |
Operating leases
The total of future minimum lease payments is as follows:
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2025 |
2024 |
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Total lease commitments |
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