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Company Registration No. 7179555 (England and Wales)
Grimsby Solicitors Limited Unaudited accounts for the year ended 28 February 2023
Grimsby Solicitors Limited Unaudited accounts Contents
Page
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Grimsby Solicitors Limited Company Information for the year ended 28 February 2023
Directors
Paul Rudd Philip King Steve Johnson
Company Number
7179555 (England and Wales)
Registered Office
Riverhead Chambers 9 New Street Grimsby North East Lincolnshire DN31 1HQ England
Accountants
D H Tuck & Co Limited Fiveways Business Centre 167 Park Street Cleethorpes North East Lincolnshire DN35 7LX
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Grimsby Solicitors Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
9 
Tangible assets
32,041 
17,714 
32,041 
17,723 
Current assets
Debtors
143,886 
156,656 
Cash at bank and in hand
69,200 
59,303 
213,086 
215,959 
Creditors: amounts falling due within one year
(107,041)
(111,104)
Net current assets
106,045 
104,855 
Total assets less current liabilities
138,086 
122,578 
Creditors: amounts falling due after more than one year
(46,599)
(47,841)
Net assets
91,487 
74,737 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
91,387 
74,637 
Shareholders' funds
91,487 
74,737 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2023 and were signed on its behalf by
Philip King Director Company Registration No. 7179555
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Grimsby Solicitors Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Grimsby Solicitors Limited is a private company, limited by shares, registered in England and Wales, registration number 7179555. The registered office is Riverhead Chambers, 9 New Street, Grimsby, North East Lincolnshire, DN31 1HQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is to be written off on a straight line basis over 10 a year period.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2022
74,999 
At 28 February 2023
74,999 
Amortisation
At 1 March 2022
74,990 
Charge for the year
9 
At 28 February 2023
74,999 
Net book value
At 28 February 2023
- 
At 28 February 2022
9 
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Grimsby Solicitors Limited Notes to the Accounts for the year ended 28 February 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
1 
27,676 
27,677 
Additions
- 
32,040 
32,040 
Disposals
- 
(27,676)
(27,676)
At 28 February 2023
1 
32,040 
32,041 
Depreciation
At 1 March 2022
- 
9,963 
9,963 
On disposals
- 
(9,963)
(9,963)
At 28 February 2023
- 
- 
- 
Net book value
At 28 February 2023
1 
32,040 
32,041 
At 28 February 2022
1 
17,713 
17,714 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
31 
(108)
Accrued income and prepayments
126,628 
145,787 
Other debtors
16,394 
10,977 
143,053 
156,656 
Amounts falling due after more than one year
Accrued income and prepayments
833 
- 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
38,381 
39,825 
Obligations under finance leases and hire purchase contracts
3,566 
3,495 
Taxes and social security
49,748 
50,106 
Other creditors
5,200 
6,766 
Loans from directors
146 
912 
107,041 
111,104 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
23,333 
33,333 
Obligations under finance leases and hire purchase contracts
23,266 
14,508 
46,599 
47,841 
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Grimsby Solicitors Limited Notes to the Accounts for the year ended 28 February 2023
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Philip King
Directors Loan Account
(603)
- 
- 
(603)
Steve Johnson
Directors Loan Account
(1,076)
- 
- 
(1,076)
(1,679)
- 
- 
(1,679)
11
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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