1 January 2022 v2023.21.1 limited_company_frs_102_section_1a_v1_1_0 companies_houseSoftwarefalsetruetruetrueNo description of principal activitytruexbrli:purexbrli:sharesiso4217:GBP049682162022-01-012022-12-31049682162022-12-31049682162021-12-3104968216core:WithinOneYear2022-12-3104968216core:WithinOneYear2021-12-3104968216core:ShareCapital2022-12-3104968216core:ShareCapital2021-12-3104968216core:RetainedEarningsAccumulatedLosses2022-12-3104968216core:RetainedEarningsAccumulatedLosses2021-12-3104968216bus:Director12022-01-012022-12-3104968216bus:RegisteredOffice2022-01-012022-12-3104968216core:NetGoodwill2022-01-012022-12-3104968216core:FurnitureFittings2022-01-012022-12-3104968216core:OfficeEquipment2022-01-012022-12-31049682162021-01-012021-12-3104968216core:NetGoodwill2022-12-3104968216core:NetGoodwill2022-01-0104968216core:NetGoodwill2021-12-3104968216core:PlantMachinery2022-01-0104968216core:PlantMachinery2022-01-012022-12-3104968216core:PlantMachinery2022-12-3104968216core:PlantMachinery2021-12-310496821612022-01-012022-12-3104968216countries:EnglandWales2022-01-012022-12-3104968216bus:AuditExempt-NoAccountantsReport2022-01-012022-12-3104968216bus:PrivateLimitedCompanyLtd2022-01-012022-12-3104968216bus:SmallEntities2022-01-012022-12-3104968216bus:FullAccounts2022-01-012022-12-31
Company registration number:
04968216
B H Mohammed Solicitors Ltd
Unaudited Filleted Financial Statements for the year ended
31 December 2022
B H Mohammed Solicitors Ltd
Statement of Financial Position
31 December 2022
20222021
Note££
Fixed assets    
Intangible assets 5
45,000
 
67,500
 
Tangible assets 6
19,727
 
23,576
 
64,727
 
91,076
 
Current assets    
Stocks
30,000
 
35,000
 
Debtors 7
377,123
 
251,841
 
Cash at bank and in hand
162,913
 
369,440
 
570,036
 
656,281
 
Creditors: amounts falling due within one year 8
(134,522
)
(108,206
)
Net current assets
435,514
 
548,075
 
Total assets less current liabilities 500,241   639,151  
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
500,240
 
639,150
 
Shareholders funds
500,241
 
639,151
 
For the year ending
31 December 2022
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
30 September 2023
, and are signed on behalf of the board by:
Mr B Mohammed
Director
Company registration number:
04968216
B H Mohammed Solicitors Ltd
Notes to the Financial Statements
Year ended
31 December 2022

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
302 Stratford Road
,
Sparkhill
,
Birmingham
,
West Midlands
,
B11 1AA
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
25% Reducing Balance Method
Office equipment
25% Reducing Balance Method

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
5
(2021:
5.00
).

5 Intangible assets

Goodwill
£
Cost  
At
1 January 2022
and
31 December 2022
450,000
 
Amortisation  
At
1 January 2022
382,500
 
Charge
22,500
 
At
31 December 2022
405,000
 
Carrying amount  
At
31 December 2022
45,000
 
At 31 December 2021
67,500
 

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 January 2022
162,790
 
Additions
2,728
 
At
31 December 2022
165,518
 
Depreciation  
At
1 January 2022
139,214
 
Charge
6,577
 
At
31 December 2022
145,791
 
Carrying amount  
At
31 December 2022
19,727
 
At 31 December 2021
23,576
 

7 Debtors

20222021
££
Other debtors
377,123
 
251,841
 

8 Creditors: amounts falling due within one year

20222021
££
Trade creditors
40,978
 
19,621
 
Taxation and social security
49,863
 
66,574
 
Other creditors
43,681
 
22,011
 
134,522
 
108,206
 

9 Director's advances, credit and guarantees

At the period end the amount advanced by/ (loaned to) the director included within other creditors/debtors was £ 134 (2021:£468). This amount that is made up of numerous transactions was the maximum owed to/owing by the director during the period