Legal Excel Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08086495 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2017

for

Legal Excel Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E Jarrett

S L Uzoka-Jarrett

REGISTERED OFFICE:

Avaland House

110 London Road

Hemel Hempstead

Hertfordshire

HP3 9SD

REGISTERED NUMBER:

08086495 (England and Wales)

ACCOUNTANTS:

David Lindon & Co

Chartered Accountants

Avaland House

110 London Road

Hemel Hempstead

Hertfordshire

HP3 9SD

FIXED ASSETS

Tangible assets

4

387

468

CURRENT ASSETS

Debtors

5

47

498

Cash at bank

3,139

862

3,186

1,360

CREDITORS

Amounts falling due within one year

6

9,234

3,023

NET CURRENT LIABILITIES

(6,048

)

(1,663

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,661

)

(1,195

)

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

(5,663

)

(1,197

)

SHAREHOLDERS' FUNDS

(5,661

)

(1,195

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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 7 February 2018 and were signed on its behalf by:

E Jarrett - Director

1.	STATUTORY INFORMATION

Legal Excel 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 the provisions of Section 1A "Small Entities" 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 cost convention.

Transition to FRS 102

These financial statements for the year ended 31 May 2017 are the first financial statements that comply

with FRS 102 Section 1A ''Small Entities''. The date of transition is 1 June 2015.

The transition to FRS 102 1A ''Small Entities'' has resulted in a small number of changes in accounting

policies to those previously used. However there has been no material impact on the financial statements.

The company's liabilities exceeded its total assets by £5,661 (2016: £1,195) at 31 May 2017.

The company is dependent on the ongoing financial support of its director. She has indicated that she will

continue to provide that support and on that basis it is deemed appropriate for these accounts to be prepared

on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

33% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 June 2016

2,345

Additions

432

At 31 May 2017

2,777

DEPRECIATION

At 1 June 2016

1,877

Charge for year

513

At 31 May 2017

2,390

NET BOOK VALUE

At 31 May 2017

387

At 31 May 2016

468

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

47

-

Directors' current accounts

-

498

47

498

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Corporation tax

-

1,317

Social security and other taxes

(27

)

14

Other creditors

12

12

Directors' current accounts

7,569

-

Accrued expenses

1,680

1,680

9,234

3,023

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

Ordinary

£1

2

2

8.	FIRST YEAR ADOPTION

The company has adopted FRS 102 for the first time in the year ended 31 May 2017.

The effect of the transition from the previous financial reporting framework to FRS 102 has been

considered.

There has been no material impact in relation to the following:

- changes in accounting policies

- changes in shareholder funds

- comparative year profit and loss

On that basis, no restatement has been undertaken.