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REGISTERED NUMBER: 07448226 (England and Wales)











Gavin Edmondson Solicitors Limited

Unaudited Financial Statements

for the Year Ended 30 April 2022






Gavin Edmondson Solicitors Limited (Registered number: 07448226)






Contents of the Financial Statements
for the Year Ended 30 April 2022




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Gavin Edmondson Solicitors Limited

Company Information
for the Year Ended 30 April 2022







Director: G J Edmondson





Registered office: Victoria Club
John Street
Off Crum Hill
Northwich
Cheshire
CW9 5ER





Registered number: 07448226 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
76 Manchester Road
Denton
Manchester
M34 3PS

Gavin Edmondson Solicitors Limited (Registered number: 07448226)

Balance Sheet
30 April 2022

30.4.22 30.4.21
Notes £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 44,521 60,981
44,521 60,981

Current assets
Stocks 517,288 486,660
Debtors 6 543,057 566,092
Cash at bank and in hand 69,968 90,221
1,130,313 1,142,973
Creditors
Amounts falling due within one year 7 (225,345 ) (208,321 )
Net current assets 904,968 934,652
Total assets less current liabilities 949,489 995,633

Creditors
Amounts falling due after more than one
year

8

(10,136

)

(85,000

)

Provisions for liabilities (2,981 ) (4,943 )
Net assets 936,372 905,690

Gavin Edmondson Solicitors Limited (Registered number: 07448226)

Balance Sheet - continued
30 April 2022

30.4.22 30.4.21
Notes £    £   
Capital and reserves
Called up share capital 100 100
Retained earnings 936,272 905,590
Shareholders' funds 936,372 905,690

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 5 September 2022 and were signed by:





G J Edmondson - Director


Gavin Edmondson Solicitors Limited (Registered number: 07448226)

Notes to the Financial Statements
for the Year Ended 30 April 2022

1. Statutory information

Gavin Edmondson Solicitors 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on cost and 20% on reducing balance

Government grants
Government grants are accounted for on a receivable basis.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Gavin Edmondson Solicitors Limited (Registered number: 07448226)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

2. Accounting policies - continued
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 29 (2021 - 31 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 May 2021
and 30 April 2022 480,000
Amortisation
At 1 May 2021
and 30 April 2022 480,000
Net book value
At 30 April 2022 -
At 30 April 2021 -

Gavin Edmondson Solicitors Limited (Registered number: 07448226)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

5. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 May 2021
and 30 April 2022 81,250 61,759 143,009
Depreciation
At 1 May 2021 41,402 40,626 82,028
Charge for year 8,125 8,335 16,460
At 30 April 2022 49,527 48,961 98,488
Net book value
At 30 April 2022 31,723 12,798 44,521
At 30 April 2021 39,848 21,133 60,981

6. Debtors: amounts falling due within one year
30.4.22 30.4.21
£    £   
Trade debtors 522,276 536,232
Other debtors 20,781 29,860
543,057 566,092

7. Creditors: amounts falling due within one year
30.4.22 30.4.21
£    £   
Bank loans and overdrafts 139,587 141,648
Taxation and social security 69,129 49,816
Other creditors 16,629 16,857
225,345 208,321

8. Creditors: amounts falling due after more than one year
30.4.22 30.4.21
£    £   
Bank loans 10,136 85,000

Gavin Edmondson Solicitors Limited (Registered number: 07448226)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

9. Secured debts

The following secured debts are included within creditors:

30.4.22 30.4.21
£    £   
Bank loans 149,723 226,648

The company's bank has a fixed and floating charge over the company's assets.

10. Director's advances, credits and guarantees

The company paid rent of £12,000 (2021: £12,000) to Mr G J Edmondson, the director, in respect of the business premises.