Company Registration No. 09380815 (England and Wales)
Lee Valley Solicitors Ltd
Unaudited accounts
for the year ended 31 March 2019
Lee Valley Solicitors Ltd
Unaudited accounts
Contents
Lee Valley Solicitors Ltd
Company Information
for the year ended 31 March 2019
Directors
Mr Hussain Imam HAIDER
Mr Saghir AHMAD
Company Number
09380815 (England and Wales)
Registered Office
1ST FLOOR
241 HIGH STREET
WALTHAMSTOW
LONDON
E17 7BH
ENGLAND
Accountants
Accountax Financial Limited
44A Marlands Road
Clayhall
Ilford
Essex
IG5 0JL
Lee Valley Solicitors Ltd
Statement of financial position
as at 31 March 2019
Tangible assets
26,302
29,176
Cash at bank and in hand
11,395
27,022
Creditors: amounts falling due within one year
(54,173)
(106,317)
Net current liabilities
(25,923)
(28,896)
Called up share capital
100
100
Profit and loss account
279
180
Shareholders' funds
379
280
For the year ending 31 March 2019 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.
Approved by the Board on 27 December 2019.
Mr Hussain Imam HAIDER
Director
Company Registration No. 09380815
Lee Valley Solicitors Ltd
Notes to the Accounts
for the year ended 31 March 2019
Lee Valley Solicitors Ltd is a private company, limited by shares, registered in England and Wales, registration number 09380815. The registered office is 1ST FLOOR, 241 HIGH STREET, WALTHAMSTOW, LONDON, E17 7BH, 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.
These financial statements for the year ended 31 March 2019 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2017.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
reducing balance 20%
Computer equipment
reducing balance 20%
Lee Valley Solicitors Ltd
Notes to the Accounts
for the year ended 31 March 2019
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2018
50,912
3,675
54,587
At 31 March 2019
53,862
4,050
57,912
At 1 April 2018
23,823
1,588
25,411
Charge for the year
5,707
492
6,199
At 31 March 2019
29,530
2,080
31,610
At 31 March 2019
24,332
1,970
26,302
At 31 March 2018
27,089
2,087
29,176
Trade debtors
11,530
40,400
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Creditors: amounts falling due within one year
2019
2018
Taxes and social security
32,952
29,152
Other creditors
5,882
35,461
Loans from directors
14,215
37,649
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 4 (2018: 4).
