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REGISTERED NUMBER: 06519150 (England and Wales)












DAVID SEDGWICK SOLICITORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

29 JUNE 2023






DAVID SEDGWICK SOLICITORS LIMITED (REGISTERED NUMBER: 06519150)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

DAVID SEDGWICK SOLICITORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 JUNE 2023







DIRECTORS: D H Sedgwick
R O Chudleigh
R D Chudleigh





SECRETARY: G D Sedgwick





REGISTERED OFFICE: 14 Wyndham Street
Bridgend
Mid Glamorgan
CF31 1EF





REGISTERED NUMBER: 06519150 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA

DAVID SEDGWICK SOLICITORS LIMITED (REGISTERED NUMBER: 06519150)

BALANCE SHEET
29 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,087 5,319
4,087 5,319

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 6 104,623 44,330
Cash at bank 100,167 51,099
206,290 96,929
CREDITORS
Amounts falling due within one year 7 161,075 96,374
NET CURRENT ASSETS 45,215 555
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,302

5,874

PROVISIONS FOR LIABILITIES 25,521 1,330
NET ASSETS 23,781 4,544

CAPITAL AND RESERVES
Called up share capital 585 585
Retained earnings 23,196 3,959
SHAREHOLDERS' FUNDS 23,781 4,544

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 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.

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.

DAVID SEDGWICK SOLICITORS LIMITED (REGISTERED NUMBER: 06519150)

BALANCE SHEET - continued
29 JUNE 2023



The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2024 and were signed on its behalf by:





D H Sedgwick - Director


DAVID SEDGWICK SOLICITORS LIMITED (REGISTERED NUMBER: 06519150)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2023

1. STATUTORY INFORMATION

David Sedgwick 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% reducing balance and 15% reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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
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.

DAVID SEDGWICK SOLICITORS LIMITED (REGISTERED NUMBER: 06519150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 JUNE 2023

2. ACCOUNTING POLICIES - continued

Grants
Government grants towards revenue items are released to the profit and loss account when the expenditure is incurred.

Cash at bank and cash in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Going Concern
The company continues to prepare the accounts using the going concern basis.

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation (legal and constructive) resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30 June 2022
and 29 June 2023 325,000
AMORTISATION
At 30 June 2022
and 29 June 2023 325,000
NET BOOK VALUE
At 29 June 2023 -
At 29 June 2022 -

DAVID SEDGWICK SOLICITORS LIMITED (REGISTERED NUMBER: 06519150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 JUNE 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 June 2022
and 29 June 2023 39,014
DEPRECIATION
At 30 June 2022 33,695
Charge for year 1,232
At 29 June 2023 34,927
NET BOOK VALUE
At 29 June 2023 4,087
At 29 June 2022 5,319

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 101,393 39,047
Other debtors 3,230 5,283
104,623 44,330

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 72 72
Taxation and social security 133,310 75,727
Other creditors 27,693 20,575
161,075 96,374

Included in creditors is an amount of £9,511 which is owed to the directors of the company. This amount is repayable on demand and interest free.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DAVID SEDGWICK 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 Balance Sheet. 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of David Sedgwick Solicitors Limited for the year ended 29 June 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of David Sedgwick Solicitors Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of David Sedgwick Solicitors Limited and state those matters that we have agreed to state to the Board of Directors of David Sedgwick Solicitors Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than David Sedgwick Solicitors Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that David Sedgwick Solicitors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of David Sedgwick Solicitors Limited. You consider that David Sedgwick Solicitors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of David Sedgwick Solicitors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA


Date: .............................................