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REGISTERED NUMBER: 07941637 (England and Wales)







Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Manleys Solicitors Limited

Manleys Solicitors Limited (Registered number: 07941637)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Manleys Solicitors Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: Mr M J Manley





REGISTERED OFFICE: 8-9 Grosvenor Court
Foregate Street
Chester
Cheshire
CH1 1HG





REGISTERED NUMBER: 07941637 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Manleys Solicitors Limited (Registered number: 07941637)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 258,511 286,696

CURRENT ASSETS
Debtors 5 861,157 832,339
Cash at bank 246,056 272,129
1,107,213 1,104,468
CREDITORS
Amounts falling due within one year 6 277,747 233,124
NET CURRENT ASSETS 829,466 871,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,087,977

1,158,040

CREDITORS
Amounts falling due after more than one year 7 (34,744 ) (44,330 )

PROVISIONS FOR LIABILITIES (50,332 ) (54,472 )
NET ASSETS 1,002,901 1,059,238

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,002,801 1,059,138
SHAREHOLDERS' FUNDS 1,002,901 1,059,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Manleys Solicitors Limited (Registered number: 07941637)

Balance Sheet - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2023 and were signed by:





Mr M J Manley - Director


Manleys Solicitors Limited (Registered number: 07941637)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Manleys 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 are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33% on cost, 25% on reducing balance and 10% on cost
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Manleys Solicitors Limited (Registered number: 07941637)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued

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 6 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2022 434,963 129,649 564,612
Additions 8,802 38,520 47,322
At 30 April 2023 443,765 168,169 611,934
DEPRECIATION
At 1 May 2022 245,504 32,412 277,916
Charge for year 41,568 33,939 75,507
At 30 April 2023 287,072 66,351 353,423
NET BOOK VALUE
At 30 April 2023 156,693 101,818 258,511
At 30 April 2022 189,459 97,237 286,696

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2022 129,649
Additions 38,520
At 30 April 2023 168,169
DEPRECIATION
At 1 May 2022 32,412
Charge for year 33,939
At 30 April 2023 66,351
NET BOOK VALUE
At 30 April 2023 101,818
At 30 April 2022 97,237

Manleys Solicitors Limited (Registered number: 07941637)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 87,574 110,867
Amounts owed by associates 496,798 466,600
Other debtors 276,785 254,872
861,157 832,339

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Hire purchase contracts 33,841 26,149
Taxation and social security 243,906 147,286
Other creditors - 59,689
277,747 233,124

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Hire purchase contracts 34,744 44,330

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Hire purchase contracts 68,585 70,479

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £180,000 (2022 - £144,000) were paid to the director .

As at 30 April 2023 there was an amount of £496,798 (2022: £466,600) owed by Manleys Property Developments Limited, a company under common control. This loan is interest free and repayable on demand.

As at 30 April 2023 a director of the company owed £135,928 (2022: £109,739) to the company in respect of an interest free loan, which is repayable on demand.