Company Registration No. 12165532 (England and Wales)
Cromwell Law Ltd
Unaudited accounts
for the year ended 31 August 2022
Cromwell Law Ltd
Unaudited accounts
Contents
Cromwell Law Ltd
Company Information
for the year ended 31 August 2022
Company Number
12165532 (England and Wales)
Registered Office
Elsie Whiteley Innovation Centre
C/O Pinnacle, Hopwood Lane
Halifax
HX1 5ER
England
Accountants
Pinnacle Chartered Accountants
The Elsie Whiteley Innovation Centre
Hopwood Lane
Halifax
HX1 5ER
Cromwell Law Ltd
Statement of financial position
as at 31 August 2022
Cash at bank and in hand
9,543
11,406
Creditors: amounts falling due within one year
(5,077)
(13,686)
Net current assets/(liabilities)
6,052
(2,203)
Total assets less current liabilities
6,766
(2,203)
Provisions for liabilities
Net assets/(liabilities)
6,630
(2,203)
Called up share capital
10
10
Profit and loss account
6,620
(2,213)
Shareholders' funds
6,630
(2,203)
For the year ending 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 December 2022 and were signed on its behalf by
Mr Yasin Din
Director
Company Registration No. 12165532
Cromwell Law Ltd
Notes to the Accounts
for the year ended 31 August 2022
Cromwell Law Ltd is a private company, limited by shares, registered in England and Wales, registration number 12165532. The registered office is Elsie Whiteley Innovation Centre, C/O Pinnacle, Hopwood Lane, Halifax, HX1 5ER, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Cromwell Law Ltd
Notes to the Accounts
for the year ended 31 August 2022
4
Tangible fixed assets
Total
5
Deferred taxation
2022
2021
Accelerated capital allowances
136
-
Charged to the profit and loss account
136
-
Provision at end of year
136
-
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
7
Average number of employees
During the year the average number of employees was 3 (2021: 1).
