Town & Country Law (East Anglia) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10509585 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Town & Country Law (East Anglia) Ltd

Page

Statement of financial position

1

to

2

Notes to the financial statements

3

to

6

Fixed assets

Tangible assets

5

56,461

70,521

Current assets

Debtors

6

17,363

7,710

Cash at bank

128,002

185,392

145,365

193,102

Creditors

Amounts falling due within one year

7

83,940

110,227

Net current assets

61,425

82,875

Total assets less current liabilities

117,886

153,396

Creditors

Amounts falling due after more than one
year

8

(62,237

)

(83,942

)

Provisions for liabilities

(14,115

)

(17,630

)

Net assets

41,534

51,824

Capital and reserves

Called up share capital

9

4

Retained earnings

41,530

51,820

Shareholders' funds

41,534

51,824

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 29 September 2025 and were signed on its behalf by:

Mrs J E Delplanque - Director

1.	Statutory information

Town & Country Law (East Anglia) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10509585

Registered office:

12-13 Stamford Walk

Stamford

Lincolnshire

PE9 2JE

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

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.

Plant and machinery

-

25% on reducing balance and 10% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, 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 obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

4.	Employees and directors

The average number of employees during the year was 6 (2023 - 5 ) .

5.	Tangible fixed assets

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

Cost

At 1 January 2024

6,168

10,965

78,614

95,747

Additions

-

3,283

-

3,283

At 31 December 2024

6,168

14,248

78,614

99,030

Depreciation

At 1 January 2024

1,088

5,713

18,425

25,226

Charge for year

603

1,693

15,047

17,343

At 31 December 2024

1,691

7,406

33,472

42,569

Net book value

At 31 December 2024

4,477

6,842

45,142

56,461

At 31 December 2023

5,080

5,252

60,189

70,521

6.

Debtors: amounts falling due within one year

2024

2023

£

Directors' current accounts

16,209

7,710

Prepayments

1,154

-

17,363

7,710

7.

Creditors: amounts falling due within one year

2024

2023

£

Bank loans and overdrafts

5,287

-

Hire purchase contracts

11,131

Corporation tax

24,492

37,910

Social security and other taxes

2,033

1,906

VAT

37,047

55,610

Accrued expenses

3,950

3,670

83,940

110,227

8.

Creditors: amounts falling due after more than one year

2024

2023

£

Bank loans - 1-2 years

24,580

35,155

Hire purchase contracts

37,657

48,787

62,237

83,942

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

2

Ordinary

2

4

10.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

J P Delplanque and Mrs J E Delplanque

Balance outstanding at start of year

7,710

1,445

Amounts advanced

8,499

6,265

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

16,209

7,710