Company Registration No. SC494630 (Scotland)
Health Law Limited
Unaudited accounts
for the year ended 31 March 2022
Health Law Limited
Unaudited accounts
Contents
Health Law Limited
Company Information
for the year ended 31 March 2022
Director
Mr Douglas Simpson
Company Number
SC494630 (Scotland)
Registered Office
21 YOUNG STREET
EDINBURGH
EH2 4HU
SCOTLAND
Accountants
Hawthorn Tax
20-23 Woodside Place
Glasgow
G3 7QL
Health Law Limited
Statement of financial position
as at
31 March 2022
Intangible assets
7,500
10,000
Tangible assets
5,320
6,864
Cash at bank and in hand
18,789
83,388
Creditors: amounts falling due within one year
(49,713)
(43,432)
Net current assets
48,030
111,632
Total assets less current liabilities
60,850
128,496
Creditors: amounts falling due after more than one year
(30,746)
(50,000)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
29,829
78,396
Shareholders' funds
29,929
78,496
For the year ending 31 March 2022 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 21 December 2022 and were signed on its behalf by
Mr Douglas Simpson
Director
Company Registration No. SC494630
Health Law Limited
Notes to the Accounts
for the year ended 31 March 2022
Health Law Limited is a private company, limited by shares, registered in Scotland, registration number SC494630. The registered office is 21 YOUNG STREET, EDINBURGH, EH2 4HU, SCOTLAND.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 cost
Computer equipment
25% on reducing balance
Goodwill & Intangible Assets
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Health Law Limited
Notes to the Accounts
for the year ended 31 March 2022
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Goodwill
Charge for the year
2,500
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2021
1,566
14,179
15,745
At 31 March 2022
1,566
14,528
16,094
At 1 April 2021
673
8,208
8,881
Charge for the year
313
1,580
1,893
At 31 March 2022
986
9,788
10,774
At 31 March 2022
580
4,740
5,320
At 31 March 2021
893
5,971
6,864
Amounts falling due within one year
Accrued income and prepayments
28,824
1,847
Other debtors
50,130
69,829
Health Law Limited
Notes to the Accounts
for the year ended 31 March 2022
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
19,254
-
Taxes and social security
16,961
31,006
Other creditors
5,594
4,987
8
Creditors: amounts falling due after more than one year
2022
2021
9
Deferred taxation
2022
2021
Accelerated capital allowances
1,011
-
Tax losses carried forward
(836)
-
Charged to the profit and loss account
175
-
Provision at end of year
175
-
10
Share capital
2022
2021
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Transactions with related parties
Other debtors includes an amount owed to the company by a director of £40,179 (2021: £51,901).
The ultimate controlling party is Mr D Simpson
13
Average number of employees
During the year the average number of employees was 4 (2021: 4).