Company Registration No. 12989709 (England and Wales)
GOOD LAW SOFTWARE LTD
Unaudited accounts
for the year ended 31 March 2023
GOOD LAW SOFTWARE LTD
Unaudited accounts
Contents
GOOD LAW SOFTWARE LTD
Company Information
for the year ended 31 March 2023
Company Number
12989709 (England and Wales)
Registered Office
OFFICE 2.03 VAUXHALL SKY GARDENS
153 WANDSWORTH ROAD
LONDON
UNITED KINGDOM
GOOD LAW SOFTWARE LTD
Statement of financial position
as at 31 March 2023
Tangible assets
34,750
43,438
Cash at bank and in hand
2,326
7,084
Creditors: amounts falling due within one year
(348,869)
(243,000)
Net current liabilities
(267,428)
(156,801)
Total assets less current liabilities
(232,678)
(113,363)
Creditors: amounts falling due after more than one year
(108,074)
72,926
Net liabilities
(340,752)
(40,437)
Called up share capital
1
1
Share premium
500,000
500,000
Profit and loss account
(840,753)
(540,438)
Shareholders' funds
(340,752)
(40,437)
For the year ending 31 March 2023 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.
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 2023 and were signed on its behalf by
Atef Elmarakby
Director
Company Registration No. 12989709
GOOD LAW SOFTWARE LTD
Notes to the Accounts
for the year ended 31 March 2023
GOOD LAW SOFTWARE LTD is a private company, limited by shares, registered in England and Wales, registration number 12989709. The registered office is OFFICE 2.03 VAUXHALL SKY GARDENS, 153 WANDSWORTH ROAD, LONDON, UNITED KINGDOM.
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.
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:
Fixtures & fittings
20% on reducing balance method.
Computer equipment
20% on reducing balance method.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
5,286
49,011
54,297
At 31 March 2023
5,286
49,011
54,297
At 1 April 2022
1,057
9,802
10,859
Charge for the year
846
7,842
8,688
At 31 March 2023
1,903
17,644
19,547
At 31 March 2023
3,383
31,367
34,750
At 31 March 2022
4,229
39,209
43,438
Amounts falling due within one year
GOOD LAW SOFTWARE LTD
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
347,613
243,000
7
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
61,000
60,000
Other creditors
(132,926)
(132,926)
Loans from directors
180,000
-
As of 31.03.2022 the company owes Mr Khaled Zayan, director of the company, an amount of £180,000.00 as an unsecured director loan.
As of 31.03.2022 the company owes Mr Atef Elmarakby, director of the company, an amount of £347,613.00 as an unsecured director loan.
9
Average number of employees
During the year the average number of employees was 15 (2022: 17).
