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REGISTERED NUMBER: 05067303 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

MS Solicitors Limited
Trading as
Martin Searle Solicitors

MS Solicitors Limited (Registered number: 05067303)
Trading as Martin Searle Solicitors






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 4

Report of the Accountants 7

MS Solicitors Limited
Trading as Martin Searle Solicitors

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Ms F E Martin
Ms C L Searle





SECRETARY: Ms C L Searle





REGISTERED OFFICE: 9 Marlborough Place
Brighton
East Sussex
BN1 1UB





REGISTERED NUMBER: 05067303 (England and Wales)





ACCOUNTANTS: Antrams Financial Services LLP
44-46 Old Steine
Brighton
East Sussex
BN1 1NH

MS Solicitors Limited (Registered number: 05067303)
Trading as Martin Searle Solicitors

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,798 13,678

CURRENT ASSETS
Debtors 5 453,761 482,891
Cash at bank 155,981 220,743
609,742 703,634
CREDITORS
Amounts falling due within one year 6 236,288 271,131
NET CURRENT ASSETS 373,454 432,503
TOTAL ASSETS LESS CURRENT
LIABILITIES

379,252

446,181

CREDITORS
Amounts falling due after more than one
year

7

(22,560

)

(32,252

)

PROVISIONS FOR LIABILITIES (1,450 ) (4,329 )
NET ASSETS 355,242 409,600

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 355,239 409,597
SHAREHOLDERS' FUNDS 355,242 409,600

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 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.

MS Solicitors Limited (Registered number: 05067303)
Trading as Martin Searle Solicitors

Statement of Financial Position - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by:




Ms F E Martin - Director



Ms C L Searle - Director


MS Solicitors Limited (Registered number: 05067303)
Trading as Martin Searle Solicitors

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

MS 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 (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

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

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.

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 year was 20 (2022 - 18 ) .

MS Solicitors Limited (Registered number: 05067303)
Trading as Martin Searle Solicitors

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 5,987 179,322 185,309
Additions - 3,214 3,214
At 31 March 2023 5,987 182,536 188,523
DEPRECIATION
At 1 April 2022 5,987 165,644 171,631
Charge for year - 11,094 11,094
At 31 March 2023 5,987 176,738 182,725
NET BOOK VALUE
At 31 March 2023 - 5,798 5,798
At 31 March 2022 - 13,678 13,678

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 336,619 323,536
Other debtors 117,142 159,355
453,761 482,891

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 43,941 50,587
Taxation and social security 122,160 155,705
Other creditors 59,539 54,191
236,288 271,131

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 22,560 32,252

MS Solicitors Limited (Registered number: 05067303)
Trading as Martin Searle Solicitors

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 33,208 42,900

The loan is guaranteed by the UK Government under Bounce Back Loan Scheme.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.23 31.3.22
£    £   
Ms C L Searle
Balance outstanding at start of year 2,800 -
Amounts advanced 1,162 2,800
Amounts repaid (2,800 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,162 2,800

Ms F E Martin
Balance outstanding at start of year 2,785 -
Amounts advanced 4,781 2,785
Amounts repaid (2,785 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,781 2,785

The directors' loans are due for repayment on 31/12/2023.
No interest is being charged on the amounts advanced.

MS Solicitors Limited
Trading as Martin Searle Solicitors

Report of the Accountants to the Directors of
MS Solicitors Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Antrams Financial Services LLP
44-46 Old Steine
Brighton
East Sussex
BN1 1NH


13 October 2023