MN Law Limited - Filleted accounts

Registered number

10056667

MN Law Limited

Filleted Accounts

31 March 2025

MN Law Limited
Registered number:		10056667
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,663			2,079

Current assets
Debtors	4	3,918			2,080
Cash at bank and in hand		92,269			93,809
		96,187			95,889

Creditors: amounts falling due within one year	5	(45,586)			(82,461)

Net current assets			50,601			13,428

Net assets			52,264			15,507

Capital and reserves
Called up share capital			100			100
Profit and loss account			52,164			15,407

Shareholder's funds			52,264			15,507

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mohammed Naqvi
Director
Approved by the board on 17 December 2025

MN Law Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	20% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Functional and presentation currency
	The financial statements of the company are measured and presented in the currency of the primary economic environment in which the company operates, the functional currency. The financial statements are presented in Pound sterling (£), which is the company’s functional currency.

	Employee benefits
	Short-term employee benefits Short-term employee benefits are recognised as an expense in the period in which they are incurred. Post-employment defined contribution plans Amounts in respect of defined contributions plans are recognised as an expense as they are incurred. Termination benefits Provisions for termination benefits are recognised only when the company is demonstrably committed to terminate the employment of an employee or of a group of employees before their normal retirement date or to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.

	Leased assets
	Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Going concern
	The financial statements have been prepared on the basis that the company will receive continued financial support from bank and directors and has adequate resources to continue in operational existence for the foreseeable future.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		1		1


3	Tangible fixed assets
					Fixtures, fittings, tools and equipment
£
	Cost
	At 1 April 2024				4,122
	At 31 March 2025				4,122

	Depreciation
	At 1 April 2024				2,043
	Charge for the year				416
	At 31 March 2025				2,459

	Net book value
	At 31 March 2025				1,663
	At 31 March 2024				2,079


4	Debtors		2025		2024
£				£

	Other debtors		3,918		2,080


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		62		-
	Trade creditors		18,526		25,120
	Taxation and social security costs		26,998		20,369
	Other creditors		-		36,972
			45,586		82,461


6	Related party transactions

	Director has taken salary and dividends, which are disclosed in the accounts.


7	Controlling party

	Mohammed Naqvi is the ultimate controlling party.


8	Other information

	MN Law Limited is a private company limited by shares and incorporated in England. Its registered office is:

	1st floor, Wellesley House
	102 Cranbrook Road
	Ilford
	Essex
	IG1 4NH