Goldstein Legal Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08923224 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

GOLDSTEIN LEGAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J Goldstein

C A Newman

M P S Beason

S N Pattinson

SECRETARY:

C A Newman

REGISTERED OFFICE:

11 High Street

Windsor

Berkshire

SL4 1LD

REGISTERED NUMBER:

08923224 (England and Wales)

ACCOUNTANTS:

d&t

Chartered Accountants

Swatton Barn

Badbury

Swindon

Wiltshire

SN4 0EU

FIXED ASSETS

Intangible assets

4

-

3,108

Tangible assets

5

7,275

8,931

7,275

12,039

CURRENT ASSETS

Stocks

866

211

Debtors

6

99,965

75,628

Cash at bank and in hand

23

50

100,854

75,889

CREDITORS

Amounts falling due within one year

7

111,194

67,794

NET CURRENT (LIABILITIES)/ASSETS

(10,340

)

8,095

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,065

)

20,134

PROVISIONS FOR LIABILITIES

-

1,696

NET (LIABILITIES)/ASSETS

(3,065

)

18,438

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

(3,165

)

18,338

SHAREHOLDERS' FUNDS

(3,065

)

18,438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

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.

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

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 21 November 2019 and were signed on its behalf by:

R J Goldstein - Director

1.	STATUTORY INFORMATION

Goldstein Legal Limited is a private company, limited by shares , registered in England and Wales. 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.

The directors have assessed the company's future projections and cash flow forecasts and believe that

the going concern basis of preparation remains appropriate.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, has been

fully amortised over 5 years.

INTANGIBLE 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.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% straight line basis

WORK IN PROGRESS

Work in progress is valued on billable time costs not yet invoiced, net of any value added taxes.

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.

HIRE PURCHASE AND LEASING COMMITMENTS

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 5 (2018 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

15,540

AMORTISATION

At 1 April 2018

12,432

Charge for year

3,108

At 31 March 2019

15,540

NET BOOK VALUE

At 31 March 2019

-

At 31 March 2018

3,108

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

13,639

Additions

1,981

Disposals

(608

)

At 31 March 2019

15,012

DEPRECIATION

At 1 April 2018

4,708

Charge for year

3,531

Eliminated on disposal

(502

)

At 31 March 2019

7,737

NET BOOK VALUE

At 31 March 2019

7,275

At 31 March 2018

8,931

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

18,960

37,668

Other debtors

81,005

37,960

99,965

75,628

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

11,517

17,994

Trade creditors

63,954

18,095

Taxation and social security

10,766

18,532

Other creditors

24,957

13,173

111,194

67,794

8.	LEASING AGREEMENTS

At 31st March 2019, the company had total commitments under non-cancellable operating leases over

the remaining life of those leases of £58,919 (2018:£85,105).

9.	CALLED UP SHARE CAPITAL

During the year 100 ordinary shares were redesignated to 95 ordinary A shares and 5 ordinary shares

B.

10.

RESERVES

Retained

earnings

£

At 1 April 2018

18,338

Deficit for the year

(21,503

)

At 31 March 2019

(3,165

)

11.	RELATED PARTY DISCLOSURES

Unless otherwise disclosed, all related party transactions have been conducted under normal market

conditions.

12.	GOING CONCERN

The company and the directors are committed to finding a viable solution to support the company's

trading in the future, and on that basis the company is considered a going concern.