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

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

MSA LAW LIMITED - Company Information

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REGISTERED NUMBER: 08071959 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

MSA LAW LIMITED
MSA LAW LIMITED (REGISTERED NUMBER: 08071959)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4


MSA LAW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2019







DIRECTORS: B P McIlroy
F M Sutherland





REGISTERED OFFICE: The Chambers
13 Police Street
Manchester
M2 7LQ





REGISTERED NUMBER: 08071959 (England and Wales)





ACCOUNTANTS: Tesciuba Limited
Chartered Accountants and Chartered Tax Advisers
The Chambers
13 Police Street
Manchester
M2 7LQ
Page 1
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MSA LAW LIMITED (REGISTERED NUMBER: 08071959)

The following reproduces the text of the report prepared for the directors in respect of the company's
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is
only required to file a Statement of Financial Position. Readers are cautioned that the Income
Statement and certain other primary statements and the Report of the Directors are not required to be
filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval
the financial statements of MSA Law Limited for the year ended 30 September 2019 which comprise the
Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the
company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of MSA Law Limited, as a body, in accordance with the terms of our engagement letter dated 14 December 2012. Our work has been undertaken solely to prepare for your approval the financial statements of MSA Law Limited and state those matters that we have agreed to state to the Board of Directors of MSA Law Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MSA Law Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that MSA Law Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MSA Law Limited. You consider that MSA Law Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MSA Law Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tesciuba Limited
Chartered Accountants and Chartered Tax Advisers
The Chambers
13 Police Street
Manchester
M2 7LQ


3 June 2020

This page does not form part of the statutory financial statements

Page 2
MSA LAW LIMITED (REGISTERED NUMBER: 08071959)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2019

2019 2018
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 3,876 3

CURRENT ASSETS
Debtors 5 72,695 29,291
Cash at bank 103,195 127,806
175,890 157,097
CREDITORS
Amounts falling due within one year 6 (58,979 ) (71,768 )
NET CURRENT ASSETS 116,911 85,329
TOTAL ASSETS LESS CURRENT
LIABILITIES
120,787
85,332

PROVISIONS FOR LIABILITIES 7 (736 ) -
NET ASSETS 120,051 85,332

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 120,050 85,331
SHAREHOLDERS' FUNDS 120,051 85,332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 June 2020
and were signed on its behalf by:



B P McIlroy - Director


The notes on pages 4 to 6 form part of these financial statements

Page 3
MSA LAW LIMITED (REGISTERED NUMBER: 08071959)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019

1. STATUTORY INFORMATION

MSA Law 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.

Turnover
Turnover represents fees receivable, excluding value added tax, and is recognised when the company
obtains the right to consideration.

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 - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of
Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

Page 4
MSA LAW LIMITED (REGISTERED NUMBER: 08071959)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2019

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
At 1 October 2018 12,825
Additions 4,506
Disposals (5,794 )
At 30 September 2019 11,537
DEPRECIATION
At 1 October 2018 12,822
Charge for year 633
Eliminated on disposal (5,794 )
At 30 September 2019 7,661
NET BOOK VALUE
At 30 September 2019 3,876
At 30 September 2018 3

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 16,700 7,560
Amounts recoverable on contract 49,631 10,943
Other debtors - 2,066
Prepayments 6,364 8,722
72,695 29,291

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 1,407 10,181
Corporation tax 45,048 42,725
Social security and other taxes 33 -
VAT 10,908 17,798
Directors' current accounts 101 8
Accrued expenses 1,482 1,056
58,979 71,768

7. PROVISIONS FOR LIABILITIES
2019 2018
£    £   
Deferred tax
Accelerated capital allowances 736 -

Page 5
MSA LAW LIMITED (REGISTERED NUMBER: 08071959)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2019

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Provided during year 736
Balance at 30 September 2019 736

Page 6