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 2021

FOR

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






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021




Page

Company Information 1

Chartered Accountants' Report 2

Abridged Statement of Financial Position 3

Notes to the Financial Statements 5


MSA LAW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2021







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
72 Cavendish Road
Salford
M7 4WA
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 2021 which comprise the Statement of Income and Retained Earnings, Abridged 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
72 Cavendish Road
Salford
M7 4WA


25 March 2022

This page does not form part of the statutory financial statements

Page 2
MSA LAW LIMITED (REGISTERED NUMBER: 08071959)

ABRIDGED STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2021

2021 2020
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 1,344 2,880

CURRENT ASSETS
Debtors 48,152 46,325
Cash at bank 177,491 182,820
225,643 229,145
CREDITORS
Amounts falling due within one year (53,158 ) (67,019 )
NET CURRENT ASSETS 172,485 162,126
TOTAL ASSETS LESS CURRENT
LIABILITIES
173,829
165,006

PROVISIONS FOR LIABILITIES (255 ) (547 )
NET ASSETS 173,574 164,459

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 173,573 164,458
SHAREHOLDERS' FUNDS 173,574 164,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 notes on pages 5 to 6 form part of these financial statements

Page 3
MSA LAW LIMITED (REGISTERED NUMBER: 08071959)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 September 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 March 2022 and were signed on its behalf by:





B P McIlroy - Director


The notes on pages 5 to 6 form part of these financial statements

Page 4
MSA LAW LIMITED (REGISTERED NUMBER: 08071959)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

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 (2020 - 2 ) .

Page 5
MSA LAW LIMITED (REGISTERED NUMBER: 08071959)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021

4. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 October 2020 12,159
Additions 249
At 30 September 2021 12,408
DEPRECIATION
At 1 October 2020 9,279
Charge for year 1,785
At 30 September 2021 11,064
NET BOOK VALUE
At 30 September 2021 1,344
At 30 September 2020 2,880

5. OTHER FINANCIAL COMMITMENTS

Commitments under operating leases as at 30 September 2021 were £24,528.

Page 6