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REGISTERED NUMBER: 13089611 (England and Wales)















Unaudited Financial Statements

for the Period 18 December 2020 to 28 February 2022

for

J D Solicitors Limited

J D Solicitors Limited (Registered number: 13089611)






Contents of the Financial Statements
for the Period 18 December 2020 to 28 February 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J D Solicitors Limited

Company Information
for the Period 18 December 2020 to 28 February 2022







DIRECTORS: Mr R Dev
Mr S Joshi





REGISTERED OFFICE: Malthouse Chambers
30 Walsall Street
Willenhall
West Midlands
WV13 2ER





REGISTERED NUMBER: 13089611 (England and Wales)





ACCOUNTANTS: Underwood Green
Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS

J D Solicitors Limited (Registered number: 13089611)

Balance Sheet
28 February 2022

Notes £    £   
FIXED ASSETS
Intangible assets 4 2,470,036
Tangible assets 5 4,814
2,474,850

CURRENT ASSETS
Stocks 50,000
Debtors 6 10,273
Cash at bank 116,985
177,258
CREDITORS
Amounts falling due within one year 7 2,396,488
NET CURRENT LIABILITIES (2,219,230 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

255,620

CAPITAL AND RESERVES
Called up share capital 8 100
Retained earnings 255,520
SHAREHOLDERS' FUNDS 255,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2022 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 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 Board of Directors and authorised for issue on 6 September 2022 and were signed on its behalf by:



Mr R Dev - Director


J D Solicitors Limited (Registered number: 13089611)

Notes to the Financial Statements
for the Period 18 December 2020 to 28 February 2022

1. STATUTORY INFORMATION

J D 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 2021, is being amortised evenly over its estimated useful life of twenty 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.
Fixtures and fittings - 25% on reducing balance

Work in progress
Work in progress is valued in accordance with FRS5 and the guidance issued in UITF 40. Hence all unbilled/incomplete time has been valued at fair value and reflects the time spent and the skills and expertise that have been provided.

Taxation
Taxation for the period 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.

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 period 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.

J D Solicitors Limited (Registered number: 13089611)

Notes to the Financial Statements - continued
for the Period 18 December 2020 to 28 February 2022

2. ACCOUNTING POLICIES - continued

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.

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 period was 13 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 2,600,038
At 28 February 2022 2,600,038
AMORTISATION
Amortisation for period 130,002
At 28 February 2022 130,002
NET BOOK VALUE
At 28 February 2022 2,470,036

Goodwill arose on the incorporation of J D Solicitors partnership.

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 6,419
At 28 February 2022 6,419
DEPRECIATION
Charge for period 1,605
At 28 February 2022 1,605
NET BOOK VALUE
At 28 February 2022 4,814

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Prepayments 10,273

J D Solicitors Limited (Registered number: 13089611)

Notes to the Financial Statements - continued
for the Period 18 December 2020 to 28 February 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 52,663
Tax 136,258
Social security and other taxes 5,103
VAT 66,189
Other creditors 2,116,175
Accruals and deferred income 20,100
2,396,488

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares of £1 were issued during the period for cash of £ 100 .

9. RELATED PARTIES

Included in other creditors are balances due to the shareholder companies of £2,073,413.