Company Registration No. 08391515 (England and Wales)
THE LEGAL MARKET LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2015
THE LEGAL MARKET LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
THE LEGAL MARKET LIMITED
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2015
28 February 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Investments
2
1
1
Current assets
Debtors
1,653
2,817
Cash at bank and in hand
14,002
1,876
15,655
4,693
Creditors: amounts falling due within one year
(351,678)
(328,683)
Net current liabilities
(336,023)
(323,990)
Total assets less current liabilities
(336,022)
(323,989)
Suspense
1
-
Capital and reserves
Called up share capital
3
250
250
Share premium account
2,250
2,250
Profit and loss account
(338,521)
(326,489)
Shareholders' funds
(336,021)
(323,989)
For the financial year ended 28 February 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 26 November 2015
Mr Peter Orr
Director
Company Registration No. 08391515
THE LEGAL MARKET LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
2
Fixed assets
Investments
£
Cost
At 1 March 2014 & at 28 February 2015
1
At 28 February 2014
1
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2,500 Ordinary of 10p each
250
250