REGISTERED NUMBER: SC428023 (Scotland)

Financial Statements For The Year Ended 31 July 2025

for

Latta Law Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

F Latta

REGISTERED OFFICE:

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

REGISTERED NUMBER:

SC428023 (Scotland)

ACCOUNTANTS:

Robb Ferguson Chartered Accountants

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

FIXED ASSETS

Intangible assets

4

12,669

14,780

Tangible assets

5

4,812

21,435

17,481

36,215

CURRENT ASSETS

Stocks

411,836

395,486

Debtors

563,064

496,297

Cash at bank and in hand

94,473

161,638

1,069,373

1,053,421

CREDITORS

Amounts falling due within one year

554,115

418,310

NET CURRENT ASSETS

515,258

635,111

TOTAL ASSETS LESS CURRENT LIABILITIES

532,739

671,326

CREDITORS

Amounts falling due after more than one year

(92,550

)

(168,132

)

PROVISIONS FOR LIABILITIES

(1,203

)

(3,471

)

NET ASSETS

438,986

499,723

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

438,886

499,623

SHAREHOLDERS' FUNDS

438,986

499,723

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 July 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 May 2026 and were signed by:

F Latta - Director

1.	STATUTORY INFORMATION

Latta Law Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

Intangible fixed assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

20% on cost

Fixtures & fittings

-

20% on reducing balance

Office equipment

-

33.33% on cost, 20% on cost and 10% on cost

Motor vehicles

-

25% on reducing balance

Work in progress

Work in progress is valued at net realisable value of income that has been recognised but not billed by the end of the year.

Financial instruments

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 the statement of comprehensive income.

Taxation and deferred tax

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 49 (2024 - 44 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2024

and 31 July 2025

21,113

AMORTISATION

At 1 August 2024

6,333

Amortisation for year

2,111

At 31 July 2025

8,444

NET BOOK VALUE

At 31 July 2025

12,669

At 31 July 2024

14,780

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2024

178,852

Disposals

(100,733

)

At 31 July 2025

78,119

DEPRECIATION

At 1 August 2024

157,417

Charge for year

8,823

Eliminated on disposal

(92,933

)

At 31 July 2025

73,307

NET BOOK VALUE

At 31 July 2025

4,812

At 31 July 2024

21,435

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Totals

£

COST

At 1 August 2024

13,500

Disposals

(13,500

)

At 31 July 2025

-

DEPRECIATION

At 1 August 2024

11,098

Charge for year

500

Eliminated on disposal

(11,598

)

At 31 July 2025

-

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

2,402

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

45,939

42,414

Between one and five years

8,414

-

54,353

42,414

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

28,333

62,333

The Bank of Scotland plc has been provided with a loan guaranteed by Fraser Latta and also has a floating charge.