Law Vault Limited - Accounts to registrar (filleted) - small 18.2
Law Vault Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 2 June 2018 |
| for |
| Law Vault Limited |
| Law Vault Limited (Registered number: 09900584) |
| Contents of the Financial Statements |
| for the Year Ended 2 June 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Law Vault Limited |
| Company Information |
| for the Year Ended 2 June 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants & Tax Advisers |
| 12 Whiteladies Road |
| Clifton |
| Bristol |
| BS8 1PD |
| Law Vault Limited (Registered number: 09900584) |
| Balance Sheet |
| 2 June 2018 |
| 2.6.18 | 2.6.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 3 |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| Law Vault Limited (Registered number: 09900584) |
| Balance Sheet - continued |
| 2 June 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on by: |
| Law Vault Limited (Registered number: 09900584) |
| Notes to the Financial Statements |
| for the Year Ended 2 June 2018 |
| 1. | STATUTORY INFORMATION |
| Law Vault Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Intangible assets |
| Intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses. |
| Amortisation is charged in order to allocate the cost of the intangibles less their residual values over their |
| estimated useful lives using the straight line method. The intangible assets are amortised over the following |
| useful economic lives:- |
| Development costs - 5 years |
| Tangible fixed assets |
| Computer equipment | - |
| Taxation |
| 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 balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet 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. |
| Law Vault Limited (Registered number: 09900584) |
| Notes to the Financial Statements - continued |
| for the Year Ended 2 June 2018 |
| 3. | INTANGIBLE FIXED ASSETS |
| Development |
| costs |
| £ |
| COST |
| At 3 June 2017 |
| Additions |
| At 2 June 2018 |
| AMORTISATION |
| At 3 June 2017 |
| Amortisation for year |
| At 2 June 2018 |
| NET BOOK VALUE |
| At 2 June 2018 |
| At 2 June 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Computer |
| equipment |
| £ |
| COST |
| At 3 June 2017 |
| and 2 June 2018 |
| DEPRECIATION |
| At 3 June 2017 |
| Charge for year |
| At 2 June 2018 |
| NET BOOK VALUE |
| At 2 June 2018 |
| At 2 June 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2.6.18 | 2.6.17 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2.6.18 | 2.6.17 |
| £ | £ |
| Other creditors |