Company Registration No. SC494630 (Scotland)
Health Law Limited
Unaudited accounts
for the year ended 31 March 2023
Health Law Limited
Unaudited accounts
Contents
Health Law Limited
Company Information
for the year ended 31 March 2023
Director
Mr Douglas Simpson
Company Number
SC494630 (Scotland)
Registered Office
21 YOUNG STREET
EDINBURGH
EH2 4HU
SCOTLAND
Accountants
Hawthorn Tax
4 Newton Place
Glasgow
G3 7PR
Health Law Limited
Statement of financial position
as at 31 March 2023
Intangible assets
5,000
7,500
Tangible assets
4,647
5,319
Cash at bank and in hand
10,286
18,790
Creditors: amounts falling due within one year
(19,959)
(49,713)
Net current assets
48,671
48,031
Total assets less current liabilities
58,318
60,850
Creditors: amounts falling due after more than one year
(29,664)
(30,746)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
27,671
29,829
Shareholders' funds
27,771
29,929
For the year ending 31 March 2023 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 November 2023 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 2023
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% straight line
Computer equipment
25% 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 2023
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
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
1,566
14,528
16,094
At 31 March 2023
1,566
15,629
17,195
At 1 April 2022
987
9,788
10,775
Charge for the year
313
1,460
1,773
At 31 March 2023
1,300
11,248
12,548
At 31 March 2023
266
4,381
4,647
At 31 March 2022
579
4,740
5,319
Amounts falling due within one year
Accrued income and prepayments
20,815
28,824
Other debtors
37,529
50,130
Health Law Limited
Notes to the Accounts
for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,560
19,254
Taxes and social security
4,944
16,961
8
Creditors: amounts falling due after more than one year
2023
2022
9
Deferred taxation
2023
2022
Accelerated capital allowances
883
1,011
Tax losses carried forward
-
(836)
Provision at start of year
175
-
Charged to the profit and loss account
708
175
Provision at end of year
883
175
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 £40,178 (2022: £40,179). The same director was paid a salary of £15,500 in the period (2022: £33,500) and was paid dividends of £33,650 in the period (2022: £40,291)
The ultimate controlling party is Mr D Simpson
13
Average number of employees
During the year the average number of employees was 4 (2022: 4).