Law Vault Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09900584 (England and Wales)

Unaudited Financial Statements for the Year Ended 2 June 2019

for

Law Vault Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Cook

V L Neath

SECRETARY:

V L Neath

REGISTERED OFFICE:

Bush House, 77, 79 and 81 Alma Road

Clifton

Bristol

BS8 2DP

REGISTERED NUMBER:

09900584 (England and Wales)

ACCOUNTANTS:

Pure Professionals Limited

Chartered Accountants & Tax Advisers

12 Whiteladies Road

Clifton

Bristol

BS8 1PD

FIXED ASSETS

Intangible assets

3

25,442

25,442

Tangible assets

4

64

64

25,506

25,506

CURRENT ASSETS

Debtors

5

4,290

4,290

Cash at bank

995

995

5,285

5,285

CREDITORS

Amounts falling due within one year

6

420

420

NET CURRENT ASSETS

4,865

4,865

TOTAL ASSETS LESS CURRENT LIABILITIES

30,371

30,371

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Share premium

44,640

44,640

Retained earnings

(15,269

)

(15,269

)

SHAREHOLDERS' FUNDS

30,371

30,371

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 2 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 2 June 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 2 March 2020 and were signed on its behalf by:

C Cook - Director

V L Neath - Director

1.	STATUTORY INFORMATION

Law Vault 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.

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 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

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

Computer equipment

-

33% on cost

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.

3.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 3 June 2018

and 2 June 2019

35,863

AMORTISATION

At 3 June 2018

and 2 June 2019

10,421

NET BOOK VALUE

At 2 June 2019

25,442

At 2 June 2018

25,442

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 3 June 2018

and 2 June 2019

380

DEPRECIATION

At 3 June 2018

and 2 June 2019

316

NET BOOK VALUE

At 2 June 2019

64

At 2 June 2018

64

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2.6.19

2.6.18

£

£

Other debtors

4,290

4,290

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2.6.19

2.6.18

£

£

Other creditors

420

420