Vanguard Law Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10247446 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2023

for

Vanguard Law Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTOR:

Mrs H Paddock

REGISTERED OFFICE:

8-10 Hargreaves Street

Burnley

Lancashire

BB11 1ED

REGISTERED NUMBER:

10247446 (England and Wales)

ACCOUNTANTS:

Charnwood Accountants & Business Advisors LLP

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

FIXED ASSETS

Tangible assets

4

27,360

20,196

CURRENT ASSETS

Debtors

5

271,689

125,130

Cash at bank and in hand

42,420

68,059

314,109

193,189

CREDITORS

Amounts falling due within one year

6

181,797

127,388

NET CURRENT ASSETS

132,312

65,801

TOTAL ASSETS LESS CURRENT LIABILITIES

159,672

85,997

CREDITORS

Amounts falling due after more than one year

7

127,101

85,802

NET ASSETS

32,571

195

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

32,471

95

SHAREHOLDERS' FUNDS

32,571

195

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 June 2024 and were signed by:

Mrs H Paddock - Director

1.	STATUTORY INFORMATION

Vanguard 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.

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 cost

Computer equipment

-

33% on cost

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 14 (2022 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2022

-

19,420

13,886

33,306

Additions

5,729

4,738

3,505

13,972

At 30 September 2023

5,729

24,158

17,391

47,278

DEPRECIATION

At 1 October 2022

-

5,936

7,174

13,110

Charge for year

95

3,056

3,657

6,808

At 30 September 2023

95

8,992

10,831

19,918

NET BOOK VALUE

At 30 September 2023

5,634

15,166

6,560

27,360

At 30 September 2022

-

13,484

6,712

20,196

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Trade debtors

271,584

116,559

Other debtors

105

8,571

271,689

125,130

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Bank loans and overdrafts

5,694

5,553

Taxation and social security

123,149

91,548

Other creditors

52,954

30,287

181,797

127,388

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.23

30.9.22

£

£

Bank loans

34,439

40,133

Other creditors

92,662

45,669

127,101

85,802

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.23

30.9.22

£

£

Other loans

126,035

70,654

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.23

30.9.22

value:

£

£

100

Ordinary

1

100

100

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23

30.9.22

£

£

Mrs H Paddock

Balance outstanding at start of year

8,045

18,382

Amounts advanced

-

8,045

Amounts repaid

(8,045

)

(18,382

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

8,045

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 Vanguard Law Limited for the year ended 30 September 2023 which comprise the Income Statement, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Vanguard Law Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Vanguard Law Limited and state those matters that we have agreed to state to the director of Vanguard Law Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Vanguard 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 Vanguard Law Limited. You consider that Vanguard 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 Vanguard 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.

Charnwood Accountants & Business Advisors LLP

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

5 June 2024