LE Law Services Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07676752

Abbreviated Unaudited Accounts

for the Year Ended 30th April 2016

for

LE Law Services Ltd

Page

Company information

1

Abbreviated balance sheet

2

Notes to the abbreviated accounts

4

Director:

N Lloyd-Evans

Registered office:

127 High Road

Loughton

Essex

IG10 4LT

Registered number:

07676752

Accountants:

Cooper Paul

Abacus House

14-18 Forest Road

Loughton

Essex

IG10 1DX

Fixed assets

Intangible assets

2

168,000

224,000

Tangible assets

3

4,179

5,572

Investments

4

58,400

230,579

287,972

Current assets

Debtors

137,167

216,911

Cash at bank and in hand

12,817

45,690

149,984

262,601

Creditors

Amounts falling due within one year

(155,848

)

(282,896

)

Net current liabilities

(5,864

)

(20,295

)

Total assets less current liabilities

224,715

267,677

Provisions for liabilities

(836

)

(1,114

)

Net assets

223,879

266,563

Capital and reserves

Called up share capital

5

1

Profit and loss account

223,878

266,562

Shareholders' funds

223,879

266,563

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 16th September 2016 and were signed by:

N Lloyd-Evans - Director

1.	Accounting policies

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with

the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each

asset over it's expected useful life, as follows:

Fixtures, fittings and equipment - 25%

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

Fixed asset investment

Investments held as fixed assets are stated at cost, together with subsequent capital contributions, less any

provisions for impairment in value.

Investment income is recognised in the financial statements when the company becomes entitled to it's

share of profits from the fixed asset investment.

2.	Intangible fixed assets

Total

£

Cost

At 1st May 2015

and 30th April 2016

280,000

Amortisation

At 1st May 2015

56,000

Amortisation for year

56,000

At 30th April 2016

112,000

Net book value

At 30th April 2016

168,000

At 30th April 2015

224,000

3.	Tangible fixed assets

Total

£

Cost

At 1st May 2015

and 30th April 2016

7,429

Depreciation

At 1st May 2015

1,857

Charge for year

1,393

At 30th April 2016

3,250

Net book value

At 30th April 2016

4,179

At 30th April 2015

5,572

4.	Fixed asset investments

Investment

other

than

loans

£

Cost

At 1st May 2015

and 30th April 2016

58,400

Net book value

At 30th April 2016

58,400

At 30th April 2015

58,400

5.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary shares

1

6.	Related party transactions

During the year the company received services from H R Consultancy and Coaching Limited, a company

in which Mrs J Lloyd Evans, the wife of Mr N Lloyd Evans, is the director. Sales amounting to £51,409

(2015 - £52,311) were made. The amount owed at the year end was £21,726 (2015 - Nil).

At the year end the company was owed £5,833 (2015 - £23,521) by L E Law LLP, a company in which L

E Law Services Ltd and N Lloyd-Evans are members.