iLAW Legal Ltd - Accounts to registrar (filleted) - small 18.2
iLAW Legal Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2019 |
| FOR |
| ILAW LEGAL LTD |
| ILAW LEGAL LTD (REGISTERED NUMBER: 03188735) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30 June 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| ILAW LEGAL LTD |
| COMPANY INFORMATION |
| for the Year Ended 30 June 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Herschel House |
| 58 Herschel Street |
| Slough |
| Berkshire |
| SL1 1PG |
| ILAW LEGAL LTD (REGISTERED NUMBER: 03188735) |
| BALANCE SHEET |
| 30 June 2019 |
| 30.6.19 | 30.6.18 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Capital redemption reserve |
| 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. |
| 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 |
| ILAW LEGAL LTD (REGISTERED NUMBER: 03188735) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30 June 2019 |
| 1. | STATUTORY INFORMATION |
| iLAW Legal Ltd is a |
| registered number and registered office address can be found on the Company Information page. |
| The company's place of business is Level 1, Regal House, 70 London Road, Twickenham, TW1 3QS. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial |
| Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with |
| wholly owned subsidiaries within the group. |
| Turnover |
| Turnover represents the net value of services delivered, excluding value added tax. The value of the services are |
| recognised over the period that the contract for services relates commencing when the invoice is raised. |
| Tangible fixed assets |
| Plant & machinery - 25% reducing balance |
| Financial instruments |
| Financial Instruments as covered by Section 11 of FRS 102 (Section 1A) are measured at amortised cost. The |
| company does not have any Other Financial Instruments as covered by Section 12 of FRS 102 (Section 1A). |
| 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. |
| ILAW LEGAL LTD (REGISTERED NUMBER: 03188735) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 June 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance |
| sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of |
| transaction. Exchange differences are taken into account in arriving at the operating result. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2018 - |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.19 | 30.6.18 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.19 | 30.6.18 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors & accruals |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.6.19 | 30.6.18 |
| value: | £ | £ |
| Ordinary | £1 | 80 | 80 |
| 7. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is C Beck. |
| 8. | ULTIMATE PARENT COMPANY |
| LEAP Legal Software Ltd is the company's immediate and ultimate parent company. |