Company Registration No. SC526803 (Scotland)
Nisbets Solicitors Limited
Unaudited accounts
for the year ended 28 February 2023
Nisbets Solicitors Limited
Unaudited accounts
Contents
Nisbets Solicitors Limited
Company Information
for the year ended 28 February 2023
Company Number
SC526803 (Scotland)
Registered Office
30 Woodburn Terrace
Edinburgh
EH10 4SS
Accountants
Assenti & Noble Ltd
18 Mosshead Road
Bearsden
Glasgow
G61 3HN
Nisbets Solicitors Limited
Statement of financial position
as at 28 February 2023
Tangible assets
5,286
4,568
Cash at bank and in hand
371,785
243,008
Creditors: amounts falling due within one year
(283,045)
(199,478)
Net current assets
206,268
155,600
Net assets
211,554
160,168
Called up share capital
1
1
Profit and loss account
211,553
160,167
Shareholders' funds
211,554
160,168
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 director acknowledges his 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 and authorised for issue on 27 November 2023 and were signed on its behalf by
J Nisbet
Director
Company Registration No. SC526803
Nisbets Solicitors Limited
Notes to the Accounts
for the year ended 28 February 2023
Nisbets Solicitors Limited is a private company, limited by shares, registered in Scotland, registration number SC526803. The registered office is 30 Woodburn Terrace, Edinburgh, EH10 4SS.
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.
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.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover represents invoiced fees to external customers, excluding value added tax, and includes estimates in respect of on-going contracts not invoiced by reference to stage of completion.
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:
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2022
7,433
5,575
13,008
At 28 February 2023
7,433
7,991
15,424
At 1 March 2022
4,922
3,518
8,440
Charge for the year
732
966
1,698
At 28 February 2023
5,654
4,484
10,138
At 28 February 2023
1,779
3,507
5,286
At 28 February 2022
2,511
2,057
4,568
Nisbets Solicitors Limited
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
Trade debtors
42,592
41,457
Accrued income and prepayments
26,242
16,276
Other debtors
48,694
54,337
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
22,685
7,934
Other creditors
212,525
167,960
Loans from directors
32,289
12,042
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).