Neath Raisbeck Golding Law Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05632155 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Neath Raisbeck Golding Law Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

V L Neath

P Golding

G Raisbeck

SECRETARY:

V L Neath

REGISTERED OFFICE:

Bush House

77, 79 & 81 Alma Road

Clifton

Bristol

BS8 2DP

REGISTERED NUMBER:

05632155 (England and Wales)

ACCOUNTANTS:

Pure Professionals Limited

Chartered Accountants & Tax Advisers

12 Whiteladies Road

Clifton

Bristol

BS8 1PD

BANKERS:

Metro Bank

One Southampton Row

London

WC1B 5HA

FIXED ASSETS

Intangible assets

4

39,000

52,000

Tangible assets

5

9,654

6,752

48,654

58,752

CURRENT ASSETS

Stocks

23,500

45,975

Debtors

6

238,591

298,916

Cash at bank

99,339

79,329

361,430

424,220

CREDITORS

Amounts falling due within one year

7

237,837

295,820

NET CURRENT ASSETS

123,593

128,400

TOTAL ASSETS LESS CURRENT LIABILITIES

172,247

187,152

PROVISIONS FOR LIABILITIES

1,910

1,324

NET ASSETS

170,337

185,828

CAPITAL AND RESERVES

Called up share capital

1,427

1,427

Retained earnings

168,910

184,401

170,337

185,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 and authorised for issue on 8 March 2021 and were signed on its behalf by:

V L Neath - Director

P Golding - Director

1.	STATUTORY INFORMATION

Neath Raisbeck Golding 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five 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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 19 (2019 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

65,000

AMORTISATION

At 1 April 2019

13,000

Charge for year

13,000

At 31 March 2020

26,000

NET BOOK VALUE

At 31 March 2020

39,000

At 31 March 2019

52,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2019

8,512

21,451

29,963

Additions

2,767

5,184

7,951

At 31 March 2020

11,279

26,635

37,914

DEPRECIATION

At 1 April 2019

5,612

17,599

23,211

Charge for year

849

4,200

5,049

At 31 March 2020

6,461

21,799

28,260

NET BOOK VALUE

At 31 March 2020

4,818

4,836

9,654

At 31 March 2019

2,900

3,852

6,752

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

178,852

250,273

Other debtors

59,739

48,643

238,591

298,916

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

19,750

31,709

Taxation and social security

138,465

178,512

Other creditors

79,622

85,599

237,837

295,820