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REGISTERED NUMBER: 05393894 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Richard Wilson Solicitors Limited

Richard Wilson Solicitors Limited (Registered number: 05393894)






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


Richard Wilson Solicitors Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs K A Charles
J M Charles





SECRETARY: Mrs K A Charles





REGISTERED OFFICE: Cymbal House
High Street
Goring on Thames
Berkshire
RG8 9AU





REGISTERED NUMBER: 05393894 (England and Wales)





ACCOUNTANTS: Geoffrey Cole & Co
Chartered Accountants
4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY

Richard Wilson Solicitors Limited (Registered number: 05393894)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 122,921 184,389
Tangible assets 5 1,110 2,332
124,031 186,721

CURRENT ASSETS
Debtors 6 250,736 237,509
Cash at bank and in hand 80,916 93,879
331,652 331,388
CREDITORS
Amounts falling due within one year 7 186,437 209,007
NET CURRENT ASSETS 145,215 122,381
TOTAL ASSETS LESS CURRENT
LIABILITIES

269,246

309,102

CREDITORS
Amounts falling due after more than one
year

8

-

50,000
NET ASSETS 269,246 259,102

CAPITAL AND RESERVES
Called up share capital 284 284
Share premium 11 34,420 34,420
Capital redemption reserve 11 19,125 19,125
Other reserves 11 70,000 70,000
Retained earnings 11 145,417 135,273
SHAREHOLDERS' FUNDS 269,246 259,102

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.

Richard Wilson Solicitors Limited (Registered number: 05393894)

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 22 November 2023 and were signed on its behalf by:





Mrs K A Charles - Director


Richard Wilson Solicitors Limited (Registered number: 05393894)

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

1. STATUTORY INFORMATION

Richard Wilson 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.

The financial statements have been prepared on a going concern basis, which assumes the company will continue in operational existence, and will be able to meet its liabilities as they fall due, for a period of at least twelve months from the date of approval of the financial statements.

Turnover
Turnover is the value of services, net of value added tax, provided to customers during the year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of former businesses, is amortised in equal instalments over 10 years, being the directors' estimate of its useful economic life.

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 cost
Computer equipment - 33% on cost

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.

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 8 (2022 - 9 ) .

Richard Wilson Solicitors Limited (Registered number: 05393894)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 837,280
AMORTISATION
At 1 April 2022 652,891
Charge for year 61,468
At 31 March 2023 714,359
NET BOOK VALUE
At 31 March 2023 122,921
At 31 March 2022 184,389

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 28,638 44,168 72,806
Additions 391 283 674
Disposals (930 ) - (930 )
At 31 March 2023 28,099 44,451 72,550
DEPRECIATION
At 1 April 2022 26,479 43,995 70,474
Charge for year 1,666 230 1,896
Eliminated on disposal (930 ) - (930 )
At 31 March 2023 27,215 44,225 71,440
NET BOOK VALUE
At 31 March 2023 884 226 1,110
At 31 March 2022 2,159 173 2,332

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 76,415 69,449
Amounts recoverable on contract 126,822 117,928
Directors' current accounts 2,326 2,326
Prepayments 45,173 47,806
250,736 237,509

Richard Wilson Solicitors Limited (Registered number: 05393894)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 600 901
Tax 36,600 24,872
Social security and other taxes 3,745 4,372
VAT 49,676 44,983
Other creditors 17,435 59,481
Accrued expenses 78,381 74,398
186,437 209,007

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years - 50,000

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 22,000 -
Between one and five years 88,000 -
In more than five years 77,917 -
187,917 -

10. SECURED DEBTS

Svenska Handelsbanken AB contains fixed charges and floating charges, covering all the property or undertaking of the company.

A charge was created on 9 January 2017 in favour of K A Charles, it contains fixed charges covering the assets and book debts of the company and a floating charge over all other assets of the company.

A charge was created on 13 January 2017 in favour of J M Charles, it contains fixed charges covering the assets and book debts of the company and a floating charge over all other assets of the company.

Richard Wilson Solicitors Limited (Registered number: 05393894)

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

11. RESERVES
Capital
Retained Share redemption Other
earnings premium reserve reserves Totals
£    £    £    £    £   

At 1 April 2022 135,273 34,420 19,125 70,000 258,818
Profit for the year 106,144 106,144
Dividends (96,000 ) (96,000 )
At 31 March 2023 145,417 34,420 19,125 70,000 268,962

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2023 Mr J M Charles, a Director, owed the company £2,326 (2022 : £2,326). This loan is interest free and repayable on demand.