Company Registration No. 10903551 (England and Wales)
Isla Law Limited
Unaudited accounts
for the year ended 31 August 2025
Isla Law Limited
Company Information
for the year ended 31 August 2025
Directors
Ruth Pannell
Paul Trotter
Company Number
10903551 (England and Wales)
Registered Office
Isla Law Solicitors
Suite 09, 60 Churchill Square
Kings Hill
West Malling
Kent
ME19 4YU
England
Accountants
The Accounts Lady
7 Southbourne Grove
Chatham
ME5 8HX
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Isla Law Limited for the year ended 31 August 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Isla Law Limited for the year ended
31 August 2025 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Isla Law Limited, as a body, in accordance with the terms of our engagement letter dated 9 May 2020. Our work has been undertaken solely to prepare for your approval the accounts of Isla Law Limited and state those matters that we have agreed to state to the Board of Directors of Isla Law Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Isla Law Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Isla Law Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Isla Law Limited. You consider that Isla Law Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Isla Law Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
The Accounts Lady
Chartered Accountants
7 Southbourne Grove
Chatham
ME5 8HX
14 May 2026
Isla Law Limited
Statement of financial position
as at 31 August 2025
Tangible assets
4,019
4,601
Cash at bank and in hand
169,564
140,690
Creditors: amounts falling due within one year
(55,791)
(50,620)
Net current assets
135,323
106,858
Net assets
139,342
111,459
Called up share capital
4
4
Profit and loss account
139,338
111,455
Shareholders' funds
139,342
111,459
For the year ending 31 August 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2026 and were signed on its behalf by
Ruth Pannell
Director
Company Registration No. 10903551
Isla Law Limited
Notes to the Accounts
for the year ended 31 August 2025
Isla Law Limited is a private company, limited by shares, registered in England and Wales, registration number 10903551. The registered office is Isla Law Solicitors, Suite 09, 60 Churchill Square, Kings Hill, West Malling, Kent, ME19 4YU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is net of VAT, returns, rebates and discounts.
The company recognised revenues based upon the stage of completion of contractual services.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments that readily convertible to a known amount of cash and are subject to an insignificant change in value.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The tax currently payable is based on the taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
Isla Law Limited
Notes to the Accounts
for the year ended 31 August 2025
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The accounts are presented in £ sterling.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2024
7,463
1,422
8,885
Disposals
(1,602)
-
(1,602)
At 31 August 2025
6,386
2,252
8,638
At 1 September 2024
3,482
802
4,284
Charge for the year
976
362
1,338
On disposals
(1,003)
-
(1,003)
At 31 August 2025
3,455
1,164
4,619
At 31 August 2025
2,931
1,088
4,019
At 31 August 2024
3,981
620
4,601
Amounts falling due within one year
Trade debtors
11,729
9,007
Accrued income and prepayments
8,001
5,961
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
38,283
33,918
Loans from directors
7
2,727
Isla Law Limited
Notes to the Accounts
for the year ended 31 August 2025
7
Average number of employees
During the year the average number of employees was 6 (2024: 5).