Explaw Consulting Limited - Accounts to registrar (filleted) - small 18.2

Explaw Consulting Limited - Accounts to registrar (filleted) - small 18.2

EXPLAW CONSULTING LTD - Company Information

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Explaw Consulting Limited

Financial Statements for the Year Ended 31 October 2021






Explaw Consulting Limited

Company Information
for the Year Ended 31 October 2021







DIRECTOR: S A Florendine





REGISTERED OFFICE: Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA





REGISTERED NUMBER: 09273406 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA
1
Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Explaw Consulting Limited


The following reproduces the text of the report prepared for the director 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director 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 Explaw Consulting Limited for the year ended 31 October 2021 which comprise the Profit & Loss Account, Balance Sheet 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 director of Explaw Consulting Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Explaw Consulting Limited and state those matters that we have agreed to state to the director of Explaw Consulting Limited 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 Explaw Consulting Limited and its director for our work or for this report.

It is your duty to ensure that Explaw Consulting 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 Explaw Consulting Limited. You consider that Explaw Consulting 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 Explaw Consulting 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.






BPU Limited
Chartered Accountants


7 January 2022

This page does not form part of the statutory financial statements

2
Explaw Consulting Limited (Registered number: 09273406)

Balance Sheet
31 October 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 296 404
Tangible assets 4 436 -
732 404

CURRENT ASSETS
Debtors 5 2,173 948
Cash at bank 13,191 13,704
15,364 14,652
CREDITORS
Amounts falling due within one year 6 14,805 10,103
NET CURRENT ASSETS 559 4,549
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,291
4,953

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 1,281 4,943
SHAREHOLDERS' FUNDS 1,291 4,953

The notes form part of these financial statements

3 continued...
Explaw Consulting Limited (Registered number: 09273406)

Balance Sheet - continued
31 October 2021


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 January 2022 and were signed by:





S A Florendine - Director


The notes form part of these financial statements

4
Explaw Consulting Limited (Registered number: 09273406)

Notes to the Financial Statements
for the Year Ended 31 October 2021


1. 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 invoiced sales of services, net of value added tax, in relation to the provision of health and safety, and employment law consultancy services.

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.

Computer software is being amortised evenly over its estimated useful life of five 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% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

5 continued...
Explaw Consulting Limited (Registered number: 09273406)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2021


3. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 November 2020
and 31 October 2021 539
AMORTISATION
At 1 November 2020 135
Amortisation for year 108
At 31 October 2021 243
NET BOOK VALUE
At 31 October 2021 296
At 31 October 2020 404

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2020 601
Additions 466
Disposals (601 )
At 31 October 2021 466
DEPRECIATION
At 1 November 2020 601
Charge for year 30
Eliminated on disposal (601 )
At 31 October 2021 30
NET BOOK VALUE
At 31 October 2021 436
At 31 October 2020 -

6 continued...
Explaw Consulting Limited (Registered number: 09273406)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2021


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 1,748 948
Other debtors 157 -
Prepayments 268 -
2,173 948

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 467 69
Taxes & social security costs 6,434 7,432
Other creditors & accruals 7,904 2,602
14,805 10,103

7