General Information
Future Legal Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 05840181, registration address Catalyst House, 720 Centennial Ave , Borehamwood, WD6 3SY.
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.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
|
| 2. |
Average number of employees
Average number of employees during the year was 5 (2024 : 5).
|
| 3. |
Intangible fixed assets
| Cost |
Other |
|
Total |
| |
£ |
|
£ |
| At 01 May 2024 |
117,000 |
|
117,000 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 30 April 2025 |
117,000 |
|
117,000 |
| Net book values |
| At 30 April 2025 |
117,000 |
|
117,000 |
| At 30 April 2024 |
117,000 |
|
117,000 |
|
| 4. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
14,418 |
|
4,569 |
| Other Debtors |
17,337 |
|
52,775 |
|
31,755 |
|
57,344 |
|
| 5. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
6,677 |
|
7,621 |
| Taxation and Social Security |
61,830 |
|
67,514 |
| Other Creditors |
11,947 |
|
16,111 |
|
80,454 |
|
91,246 |
|
| 6. |
Special Reserves
|
2025
£ |
|
2024
£ |
| Non distributable reserve |
117,000 |
|
117,000 |
|
117,000 |
|
117,000 |
|
3
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