IRIS Accounts Production v23.3.0.418 12339817 director 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure123398172022-03-31123398172023-03-31123398172022-04-012023-03-31123398172021-03-31123398172021-04-012022-03-31123398172022-03-3112339817ns16:EnglandWales2022-04-012023-03-3112339817ns15:PoundSterling2022-04-012023-03-3112339817ns11:Director12022-04-012023-03-3112339817ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3112339817ns11:SmallEntities2022-04-012023-03-3112339817ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3112339817ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3112339817ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3112339817ns11:FullAccounts2022-04-012023-03-3112339817ns11:OrdinaryShareClass12022-04-012023-03-3112339817ns11:RegisteredOffice2022-04-012023-03-3112339817ns6:CurrentFinancialInstruments2023-03-3112339817ns6:CurrentFinancialInstruments2022-03-3112339817ns6:ShareCapital2023-03-3112339817ns6:ShareCapital2022-03-3112339817ns6:RetainedEarningsAccumulatedLosses2023-03-3112339817ns6:RetainedEarningsAccumulatedLosses2022-03-3112339817ns6:PlantMachinery2022-03-3112339817ns6:PlantMachinery2022-04-012023-03-3112339817ns6:PlantMachinery2023-03-3112339817ns6:PlantMachinery2022-03-3112339817ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3112339817ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3112339817ns11:OrdinaryShareClass12023-03-3112339817ns11:Director112022-03-3112339817ns11:Director112021-03-3112339817ns11:Director112022-04-012023-03-3112339817ns11:Director112021-04-012022-03-3112339817ns11:Director112023-03-3112339817ns11:Director112022-03-31
REGISTERED NUMBER: 12339817 (England and Wales)















DOWDING SOLICITORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






DOWDING SOLICITORS LIMITED (REGISTERED NUMBER: 12339817)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


DOWDING SOLICITORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mrs K R Goddard





REGISTERED OFFICE: 12A High Street
Sileby
Loughborough
Leicestershire
LE12 7RX





REGISTERED NUMBER: 12339817 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Princes Court
Royal Way
Loughborough
Leicestershire
LE11 5XR

DOWDING SOLICITORS LIMITED (REGISTERED NUMBER: 12339817)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 7,841 7,927

CURRENT ASSETS
Debtors 5 825,384 205,934
Cash at bank 27,817 26,604
853,201 232,538
CREDITORS
Amounts falling due within one year 6 837,241 220,472
NET CURRENT ASSETS 15,960 12,066
TOTAL ASSETS LESS CURRENT LIABILITIES 23,801 19,993

PROVISIONS FOR LIABILITIES 657 638
NET ASSETS 23,144 19,355

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 23,044 19,255
SHAREHOLDERS' FUNDS 23,144 19,355

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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 13 October 2023 and were signed by:





Mrs K R Goddard - Director


DOWDING SOLICITORS LIMITED (REGISTERED NUMBER: 12339817)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Dowding 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The significant accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all years presented unless otherwise stated.

The financial statements cover the individual entity.

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.

The financial statements have been prepared on the going concern basis as there are no material uncertainties with going concern.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised upon provision of services.

Property plant and equipment
Property, plant and equipment are held at cost less accumulated depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property3% on cost
Fixtures and Fittings20% on cost
Computer Equipment33% on cost

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 statement of financial position date.


DOWDING SOLICITORS LIMITED (REGISTERED NUMBER: 12339817)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2022 10,132
Additions 1,839
At 31 March 2023 11,971
DEPRECIATION
At 1 April 2022 2,205
Charge for year 1,925
At 31 March 2023 4,130
NET BOOK VALUE
At 31 March 2023 7,841
At 31 March 2022 7,927

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,377 180
Other debtors 1,630 133
Client monies held 817,192 203,383
Directors' current accounts 710 997
Prepayments 3,475 1,241
825,384 205,934

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation 9,861 6,644
VAT 4,725 5,659
Liabilities to clients 817,192 203,383
Accrued expenses 5,463 4,786
837,241 220,472

DOWDING SOLICITORS LIMITED (REGISTERED NUMBER: 12339817)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. OTHER FINANCIAL COMMITMENTS

At 31st March 2023 the company was committed to making the following payments under non-cancellable commitments.

20232022
£   £   
Commitments which expire:
Within one year5,3755,400
Between two and five years-1,800
5,3757,200

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mrs K R Goddard
Balance outstanding at start of year 997 539
Amounts advanced 38,861 27,810
Amounts repaid (39,148 ) (27,352 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 710 997

No interest was charged on Mrs K R Dowding's overdrawn director's current account. This loan is not secured and is repayable on demand.