Bac Law Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 12430336

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		54,975		45,996

			54,975		45,996
CURRENT ASSETS
Stocks	5	69,768		42,857
Debtors	6	60,495		66,143
Cash at bank and in hand		14,892		52,370

		145,155		161,370
Creditors: Amounts Falling Due Within One Year	7	(134,597 )		(125,405 )

NET CURRENT ASSETS (LIABILITIES)			10,558		35,965

TOTAL ASSETS LESS CURRENT LIABILITIES			65,533		81,961

Creditors: Amounts Falling Due After More Than One Year	8		(64,938 )		(50,000 )

NET ASSETS			595		31,961

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			495		31,861

SHAREHOLDERS' FUNDS			595		31,961

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Bac Law Limited

Balance Sheet (continued)

As At 30 August 2024

For the year ending 30 August 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

Miss D Wood

Director

29/10/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Bac Law Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12430336 . The registered office is 1 Beauchamp Court, 10 Victors Way, Barnet, Hertfordshire, EN5 5TZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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 fixed assets are measured at cost less accumulated depreciation and any 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:

Motor Vehicles	20%
Fixtures & Fittings	20%

2.4. Leasing and Hire Purchase Contracts

Assets obtained under 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 the 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.

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Bac Law Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 August 2024

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 5)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 September 2023	52,708	4,479	57,187
Additions	66,645	-	66,645
Disposals	(52,708 )	-	(52,708 )

As at 30 August 2024	66,645	4,479	71,124

Depreciation
As at 1 September 2023	8,786	2,405	11,191
Provided during the period	13,329	415	13,744
Disposals	(8,786 )	-	(8,786 )

As at 30 August 2024	13,329	2,820	16,149

Net Book Value
As at 30 August 2024	53,316	1,659	54,975

As at 1 September 2023	43,922	2,074	45,996

5. Stocks

	2024	2023
	£	£
Stock	69,768	42,857

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Bac Law Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 August 2024

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	13,954	56,941
Other debtors	46,541	9,202

	60,495	66,143

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	7,139	13,471
Other creditors	41,682	70,650
Taxation and social security	85,776	41,284

	134,597	125,405

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

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	62,888	-
Trade creditors	2,050	-
Bank loans	-	50,000

	64,938	50,000

9. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	62,888	-

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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Bac Law Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 August 2024

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 September 2023	Amounts advanced	Amounts repaid	Amounts written off	As at 30 August 2024
	£	£	£	£	£
Miss Danielle Wood	9,202	(35,665 )	-	-	(26,463 )
Mr Sumeer Chaudhry	(30,634 )	77,175	-	-	46,541

The director’s loan will be repaid within 9 months of the year-end.

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