ACCOUNTS - Final Accounts preparation

Company registration number: 12227638

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 SEPTEMBER 2024

	3M LAW LTD


3M LAW LTD

COMPANY INFORMATION

Directors	R J Helsby
	A Janavicius (resigned 10 December 2025)
	D J Mackay


Registered number	12227638


Registered office	Pm House
	Shepcote Lane
	Sheffield
	S9 1TP


Accountants	Menzies LLP
	Chartered Accountants
	2nd Floor, Midas House
	62 Goldsworth Road
	Woking
	Surrey
	GU21 6LQ

Page 1


3M LAW LTD REGISTERED NUMBER:12227638

STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	69,742		33,495
Cash at bank and in hand		104,349		9,775
		174,091		43,270
Creditors: amounts falling due within one year	5	(604,484)		(360,069)
Net current liabilities			(430,393)		(316,799)
Total assets less current liabilities			(430,393)		(316,799)

Net liabilities			(430,393)		(316,799)

Capital and reserves
Called up share capital	200	200
Profit and loss account	(430,593)	(316,999)
	(430,393)	(316,799)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

R J Helsby

Director

Date: 22 December 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2


3M LAW LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.	General information

3M Law Limited is a private company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's principal place of business is the same as the registered office and is disclosed on the company information page.
The company's functional and presentational currency is GBP.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

At 30 September 2024 the company had net liabilities of £430,593 (2023 - £316,999).
The Directors has considered the impact of different scenarios on the financial position, results of operations and cash flows for the future. After considering these, the Directors expects that the Company has adequate resources to operate within the level of its current facilities and continue inoperational existence for the foreseeable future, along with the continuing financial support of the Company's bankers and related parties. As such these financial statements have been prepared on the going concern basis.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3


3M LAW LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Debtors

					2024	2023
					£	£


Trade debtors	69,367	33,295
Called up share capital not paid	200	200
Prepayments and accrued income	175	-
	69,742	33,495

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Other taxation and social security	22,717	3,407
Other creditors	573,817	348,862
Accruals and deferred income	7,950	7,800
	604,484	360,069

Page 4


3M LAW LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.	Related party transactions
	Proddow Mackay Solicitors LLP (a LLP related by common control) At the reporting date, the total amount due to Proddow Mackay Solicitors LLP included in other creditors was £530,585 (2023 - £331,504). PM Law Limited (a company related by common control) At the reporting date, the total amount due to PM Law Limited included in other creditors was £42,358 (2023 - £17,358).

Page 5