1 March 2022 false No description of principal activity Taxfiler 2023.10.1 SC526803business:PrivateLimitedCompanyLtd2022-03-012023-02-28 SC5268032022-02-28 SC5268032022-03-012023-02-28 SC526803business:AuditExemptWithAccountantsReport2022-03-012023-02-28 SC526803business:FilletedAccounts2022-03-012023-02-28 SC5268032023-02-28 SC526803business:Director12022-03-012023-02-28 SC526803business:RegisteredOffice2022-03-012023-02-28 SC5268032022-02-28 SC526803core:WithinOneYear2023-02-28 SC526803core:WithinOneYear2022-02-28 SC526803core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 SC526803core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 SC526803core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 SC526803core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 SC526803core:PreviouslyStatedAmount2023-02-28 SC526803core:PreviouslyStatedAmount2022-02-28 SC526803business:SmallEntities2022-03-012023-02-28 SC526803countries:Scotland2022-03-012023-02-28 SC526803core:FurnitureFittings2022-03-012023-02-28 SC526803core:ComputerEquipment2022-03-012023-02-28 SC526803core:FurnitureFittings2022-02-28 SC526803core:ComputerEquipment2022-02-28 SC526803core:FurnitureFittings2023-02-28 SC526803core:ComputerEquipment2023-02-28 SC5268032021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. SC526803 (Scotland)
Nisbets Solicitors Limited Unaudited accounts for the year ended 28 February 2023
Nisbets Solicitors Limited Unaudited accounts Contents
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Nisbets Solicitors Limited Company Information for the year ended 28 February 2023
Director
J Nisbet
Company Number
SC526803 (Scotland)
Registered Office
30 Woodburn Terrace Edinburgh EH10 4SS
Accountants
Assenti & Noble Ltd 18 Mosshead Road Bearsden Glasgow G61 3HN
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Nisbets Solicitors Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,286 
4,568 
Current assets
Debtors
117,528 
112,070 
Cash at bank and in hand
371,785 
243,008 
489,313 
355,078 
Creditors: amounts falling due within one year
(283,045)
(199,478)
Net current assets
206,268 
155,600 
Net assets
211,554 
160,168 
Capital and reserves
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
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Nisbets Solicitors Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 
Additions
- 
2,416 
2,416 
At 28 February 2023
7,433 
7,991 
15,424 
Depreciation
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 
Net book value
At 28 February 2023
1,779 
3,507 
5,286 
At 28 February 2022
2,511 
2,057 
4,568 
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Nisbets Solicitors Limited Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
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 
117,528 
112,070 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
15,296 
11,042 
Taxes and social security
22,685 
7,934 
Other creditors
212,525 
167,960 
Loans from directors
32,289 
12,042 
Accruals
250 
500 
283,045 
199,478 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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