Allsquare Legal Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04061312 (England and Wales)

Financial Statements

For The Year Ended 31 December 2018

for

Allsquare Legal Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr N F Burnand

Mr R G Burnand

Mr A R Goater

Mr A J Duncan

SECRETARY:

Ms T Cooney

REGISTERED OFFICE:

Thamesbourne Lodge

Station Road

Bourne End

Buckinghamshire

SL8 5QH

REGISTERED NUMBER:

04061312 (England and Wales)

AUDITORS:

Cottons Accountants LLP

Statutory Auditors

The Stables

Church Walk

Daventry

Northamptonshire

NN11 4BL

FIXED ASSETS

Intangible assets

4

-

944

CURRENT ASSETS

Debtors

5

1,737,515

1,144,029

Cash at bank

151,776

62,186

1,889,291

1,206,215

CREDITORS

Amounts falling due within one year

6

270,770

113,825

NET CURRENT ASSETS

1,618,521

1,092,390

TOTAL ASSETS LESS CURRENT LIABILITIES

1,618,521

1,093,334

PROVISIONS FOR LIABILITIES

7

-

189

NET ASSETS

1,618,521

1,093,145

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,618,421

1,093,045

SHAREHOLDERS' FUNDS

1,618,521

1,093,145

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 9 September 2019 and were signed on its behalf by:

Mr R G Burnand - Director

1.	STATUTORY INFORMATION

Allsquare Legal Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Intangible fixed assets

Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful

life.

Computer software - 25% on a straight line basis

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2017 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2018

and 31 December 2018

33,875

AMORTISATION

At 1 January 2018

32,931

Amortisation for year

944

At 31 December 2018

33,875

NET BOOK VALUE

At 31 December 2018

-

At 31 December 2017

944

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/18

31/12/17

£

£

Trade debtors

451,517

242,400

Amounts owed by group undertakings

1,268,721

889,420

Prepayments and accrued income

17,277

12,209

1,737,515

1,144,029

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/18

31/12/17

£

£

Trade creditors

900

598

Tax

84,933

59,290

Social security and other taxes

8,750

7,291

VAT

52,065

37,477

Other creditors

100,000

-

Accruals and deferred income

24,122

9,169

270,770

113,825

7.	PROVISIONS FOR LIABILITIES

31/12/18

31/12/17

£

£

Deferred tax

-

189

Deferred

tax

£

Balance at 1 January 2018

189

Accelerated capital allowances

(189

)

Change in tax rate

Balance at 31 December 2018

-

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard Wilch FCCA (Senior Statutory Auditor)

for and on behalf of Cottons Accountants LLP

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

10.	ULTIMATE CONTROLLING PARTY

Qdime Corporate Holdings Limited is the immediate parent company.

Qdime Limited is the ultimate parent company undertaking, the consolidated accounts of which are available

from Companies House.