Hoyle Law Ltd - Accounts

Hoyle Law Ltd
Contents Page
For the year ended 31 December 2024

Statement of financial position	1
Notes to the financial statements	2

Hoyle Law Ltd
Statement of Financial Position
As at 31 December 2024

	Notes	2024 £	2023 £
Fixed assets
Intangible fixed assets	3	9,714	6,761
		9,714	6,761
Current assets
Stocks		978,945	963,083
Debtors		315,924	224,939
Cash at bank and in hand		177,910	65,677
		1,472,779	1,253,699
Creditors: amount falling due within one year		(1,172,269)	(971,942)
Net current assets		300,510	281,757

Total assets less current liabilities		310,224	288,518
Creditors: amount falling due after more than one year		(209,369)	(231,166)
Provisions for liabilities		(259)	0
Net assets		100,596	57,352

Capital and reserves
Called up share capital	4	100	100
Profit and loss account		100,496	57,252
Shareholders' funds		100,596	57,352

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 22 August 2025 and were signed on its behalf by:

-------------------------------
Paul Henshall
Director

1

Hoyle Law Ltd
Notes to the Abridged Financial Statements
For the year ended 31 December 2024

General Information

Hoyle Law Ltd is a private company, limited by shares, registered in England and Wales, registration number 13289416, registration address Carnoustie House, Kelvin Close, Birchwood, Warrington, England, WA3 7PB.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

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

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Software License
Software License is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the Software License.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 6 (2023 : 6).

3.

Intangible fixed assets

Cost	Software License	Total
	£	£
At 01 January 2024	8,033	8,033
Additions	4,740	4,740
Disposals	-	-
At 31 December 2024	12,773	12,773
Amortisation
At 01 January 2024	1,272	1,272
Charge for year	1,787	1,787
On disposals	-	-
At 31 December 2024	3,059	3,059
Net book values
At 31 December 2024	9,714	9,714
At 31 December 2023	6,761	6,761

4.

Share Capital

Allotted, called up and fully paid	2024 £		2023 £
100 Class A shares of £1.00 each	100		100
	100		100

2

Registered Number: 13289416
England and Wales
HOYLE LAW LTD

Abridged Accounts

Period of accounts Start date: 01 January 2024 End date: 31 December 2024