Zak Law Solicitors Limited
|
Registered Number
:
10182704
|
For the year ended 31 March 2020
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2020
Zak Law Solicitors Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Zak Law Solicitors Limited
Statement of Financial Position
2019
2020
Property
,
plant and equipment
|
402
805
2
402
805
Trade and other receivables
|
17,948
9,785
3
75,217
Cash and cash equivalents
|
95,387
105,172
93,165
Trade and other payables
:
amounts falling due within one
|
year
|
(60,359)
(68,125)
4
32,806
37,047
Net current assets
Total assets less current liabilities
|
37,449
33,611
37,449
Net assets
33,611
2
2
37,447
33,609
37,449
33,611
Shareholders' funds
For the year ended 31 March 2020 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 of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 14 August 2020 and were signed by:
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The notes form part of these financial statements
|
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For the year ended 31 March 2020
Zak Law Solicitors Limited
Notes to the Financial Statements
Statutory Information
Zak Law Solicitors Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
10182704
.
|
First Floor 8 - 10 Emily Street
Highgate
Birmingham
B12 0XN
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
''
The Financial Reporting Standard applicable in the UK and Republic of Ireland
''
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax and disbursements.
|
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Furniture and Fittings
Deferred tax
Current tax, including UK corporation tax, is provided at amounts expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and it results as stated in the financial statements that arise from inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.
|
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For the year ended 31 March 2020
Zak Law Solicitors Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
1,610
1,610
Provision for depreciation and impairment
|
805
Charge for year
403
1,208
402
805
3
.
Trade and other receivables
|
2019
2020
7,570
15,252
2,215
2,696
17,948
9,785
4
.
Trade and other payables
:
amounts falling due within one year
|
2019
2020
5,085
6,604
Taxation and social security
|
17,238
8,743
45,802
45,012
68,125
60,359
5
.
Average number of persons employed
|
During the year the average number of employees was 2 (2019 : 2)
3 of 3