REGISTERED NUMBER: SC419982 (Scotland)

Unaudited Financial Statements for the Year Ended 31 August 2018

for

A & J Law (Mobility Matters) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Law

Mr J J Law

REGISTERED OFFICE:

2 Argyle Street

Stonehouse

Lanarkshire

ML9 3LL

REGISTERED NUMBER:

SC419982 (Scotland)

ACCOUNTANTS:

ICW Accountancy Ltd

15 St Leonard Street

Lanark

Lanarkshire

ML11 7AB

FIXED ASSETS

Tangible assets

4

51,298

55,659

CURRENT ASSETS

Stocks

30,655

24,606

Debtors

5

149,738

131,524

Cash at bank and in hand

174,087

208,551

354,480

364,681

CREDITORS

Amounts falling due within one year

6

43,637

61,968

NET CURRENT ASSETS

310,843

302,713

TOTAL ASSETS LESS CURRENT LIABILITIES

362,141

358,372

PROVISIONS FOR LIABILITIES

3,219

10,624

NET ASSETS

358,922

347,748

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

358,822

347,648

SHAREHOLDERS' FUNDS

358,922

347,748

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 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 31 December 2018 and were signed on its behalf by:

Mr A Law - Director

1.	STATUTORY INFORMATION

A & J Law (Mobility Matters) Ltd is a private company, limited by shares , registered in Scotland. 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.

Preparation of consolidated financial statements

The financial statements contain information about A & J Law (Mobility Matters) Ltd as an individual company. The

company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated

financial statements as its subsidiary undertakings are included by full consolidation in the consolidated financial

statements of its parent, A & J Law Group Ltd, a company registered in Scotland.

Related party exemption

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.

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 the cost less estimated residual value of each asset over its estimated useful life.

Plant & Machinery - 20% reducing balance

Motor Vehicles - 25% reducing balance

Computer equipment - 33.33% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2017

53,736

37,044

1,159

91,939

Additions

18,430

-

-

18,430

Disposals

(17,851

)

(9,732

)

-

(27,583

)

At 31 August 2018

54,315

27,312

1,159

82,786

DEPRECIATION

At 1 September 2017

21,361

14,025

894

36,280

Charge for year

8,670

5,738

265

14,673

Eliminated on disposal

(12,166

)

(7,299

)

-

(19,465

)

At 31 August 2018

17,865

12,464

1,159

31,488

NET BOOK VALUE

At 31 August 2018

36,450

14,848

-

51,298

At 31 August 2017

32,375

23,019

265

55,659

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Trade debtors

75,710

66,190

Other debtors

74,028

65,334

149,738

131,524

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Trade creditors

26,035

37,601

Taxation and social security

15,279

22,210

Other creditors

2,323

2,157

43,637

61,968

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.8.18

31.8.17

£

£

Within one year

6,375

3,187

8.	RELATED PARTY DISCLOSURES

During the year the business paid a rent of £6,646 (2017: £6,375) to Mr A Law's (Company Director) self invested

personal pension, this was carried out on a normal commercial basis.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is A & J Law Group Ltd.