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REGISTERED NUMBER: 09406428 (England and Wales)


















KT Family Solicitors Limited

Unaudited Financial Statements

for the Year Ended 31 January 2022






KT Family Solicitors Limited (Registered number: 09406428)






Contents of the Financial Statements
for the Year Ended 31 January 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KT Family Solicitors Limited

Company Information
for the Year Ended 31 January 2022







DIRECTOR: Ms K Tucker





REGISTERED OFFICE: Unit 7
Coped Hall Business Park
Royal Wootton Bassett
SN4 8DP





REGISTERED NUMBER: 09406428 (England and Wales)





ACCOUNTANTS: AMS Accountancy Limited
Delta 606
Welton Road
Delta Office Park
Swindon
Wiltshire
SN5 7XF

KT Family Solicitors Limited (Registered number: 09406428)

Balance Sheet
31 January 2022

2022 2021
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,954 5,909
Tangible assets 5 25,926 19,951
28,880 25,860

CURRENT ASSETS
Debtors 6 226,620 182,322
Cash at bank 293,628 197,116
520,248 379,438
CREDITORS
Amounts falling due within one year 7 (405,276 ) (267,680 )
NET CURRENT ASSETS 114,972 111,758
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,852

137,618

CREDITORS
Amounts falling due after more than one
year

8

(45,833

)

(61,000

)
NET ASSETS 98,019 76,618

CAPITAL AND RESERVES
Called up share capital 9 136 136
Retained earnings 97,883 76,482
SHAREHOLDERS' FUNDS 98,019 76,618

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

KT Family Solicitors Limited (Registered number: 09406428)

Balance Sheet - continued
31 January 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 September 2022 and were signed by:





Ms K Tucker - Director


KT Family Solicitors Limited (Registered number: 09406428)

Notes to the Financial Statements
for the Year Ended 31 January 2022

1. STATUTORY INFORMATION

KT Family 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.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 8 (2021 - 7 ) .

KT Family Solicitors Limited (Registered number: 09406428)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 February 2021
and 31 January 2022 14,774
AMORTISATION
At 1 February 2021 8,865
Amortisation for year 2,955
At 31 January 2022 11,820
NET BOOK VALUE
At 31 January 2022 2,954
At 31 January 2021 5,909

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 February 2021 5,635 1,402 14,857 7,076 28,970
Additions - - 9,639 4,128 13,767
At 31 January 2022 5,635 1,402 24,496 11,204 42,737
DEPRECIATION
At 1 February 2021 113 675 3,854 4,377 9,019
Charge for year 112 281 4,698 2,701 7,792
At 31 January 2022 225 956 8,552 7,078 16,811
NET BOOK VALUE
At 31 January 2022 5,410 446 15,944 4,126 25,926
At 31 January 2021 5,522 727 11,003 2,699 19,951

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 186,423 166,321
Other debtors 40,197 16,001
226,620 182,322

KT Family Solicitors Limited (Registered number: 09406428)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,000 9,073
Taxation and social security 103,784 96,901
Other creditors 291,492 161,706
405,276 267,680

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 33,333 42,500
Other creditors 12,500 18,500
45,833 61,000

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
136 Ordinary £1 136 136

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2022 and 31 January 2021:

2022 2021
£    £   
Ms K Tucker
Balance outstanding at start of year 9,697 -
Amounts advanced 34,351 9,697
Amounts repaid (9,697 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,351 9,697