Company registration number 07588149 (England and Wales)
HEPPENSTALLS SOLICITORS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
5 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
10 Bridge Street
Christchurch
Dorset
BH23 1EF
HEPPENSTALLS SOLICITORS LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
HEPPENSTALLS SOLICITORS LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mrs A M Jennings
Mrs N Davies
Company number
07588149
Registered office
82 Station Road
New Milton
Hampshire
BH25 6LG
Accountants
TC Group
10 Bridge Street
Christchurch
Dorset
BH23 1EF
HEPPENSTALLS SOLICITORS LIMITED
BALANCE SHEET
AS AT
5 JUNE 2023
05 June 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
4,479
7,893
Current assets
Debtors
5
370,845
342,074
Cash at bank and in hand
655,732
555,423
1,026,577
897,497
Creditors: amounts falling due within one year
6
(182,590)
(140,788)
Net current assets
843,987
756,709
Total assets less current liabilities
848,466
764,602
Provisions for liabilities
(753)
(1,160)
Net assets
847,713
763,442
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
847,712
763,441
Total equity
847,713
763,442

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 5 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

HEPPENSTALLS SOLICITORS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
5 JUNE 2023
05 June 2023
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 4 March 2024 and are signed on its behalf by:
Mrs A M Jennings
Director
Company Registration No. 07588149
HEPPENSTALLS SOLICITORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 JUNE 2023
- 4 -
1
Accounting policies
Company information

Heppenstalls Solicitors Limited is a private company limited by shares incorporated in England and Wales. The registered office is 82 Station Road, New Milton, Hampshire, England, BH25 6LG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% on reducing balance
Computer equipment
33% straight line
HEPPENSTALLS SOLICITORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 JUNE 2023
1
Accounting policies
(Continued)
- 5 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

HEPPENSTALLS SOLICITORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 JUNE 2023
1
Accounting policies
(Continued)
- 6 -
1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.12
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
23
22
3
Intangible fixed assets
Goodwill
£
Cost
At 6 June 2022 and 5 June 2023
230,000
Amortisation and impairment
At 6 June 2022 and 5 June 2023
230,000
Carrying amount
At 5 June 2023
-
0
At 5 June 2022
-
0
HEPPENSTALLS SOLICITORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 JUNE 2023
- 7 -
4
Tangible fixed assets
Fixtures and fittings
Computer equipment
Total
£
£
£
Cost
At 6 June 2022
32,837
81,489
114,326
Additions
-
0
1,078
1,078
At 5 June 2023
32,837
82,567
115,404
Depreciation and impairment
At 6 June 2022
29,746
76,687
106,433
Depreciation charged in the year
773
3,719
4,492
At 5 June 2023
30,519
80,406
110,925
Carrying amount
At 5 June 2023
2,318
2,161
4,479
At 5 June 2022
3,091
4,802
7,893
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
106,187
97,080
Other debtors
264,658
244,994
370,845
342,074
6
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
50,657
30,292
Other taxation and social security
94,815
93,299
Other creditors
37,118
17,197
182,590
140,788
HEPPENSTALLS SOLICITORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 JUNE 2023
- 8 -
7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2023
2022
£
£
277,536
307,580
2023-06-052022-06-06false04 March 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMs Marie J RedmanMrs A M JenningsMrs N Daviesfalse075881492022-06-062023-06-0507588149bus:Director22022-06-062023-06-0507588149bus:Director32022-06-062023-06-0507588149bus:Director12022-06-062023-06-0507588149bus:RegisteredOffice2022-06-062023-06-05075881492023-06-05075881492022-06-0507588149core:FurnitureFittings2023-06-0507588149core:ComputerEquipment2023-06-0507588149core:FurnitureFittings2022-06-0507588149core:ComputerEquipment2022-06-0507588149core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-0507588149core:CurrentFinancialInstrumentscore:WithinOneYear2022-06-0507588149core:CurrentFinancialInstruments2023-06-0507588149core:CurrentFinancialInstruments2022-06-0507588149core:ShareCapital2023-06-0507588149core:ShareCapital2022-06-0507588149core:RetainedEarningsAccumulatedLosses2023-06-0507588149core:RetainedEarningsAccumulatedLosses2022-06-0507588149core:Goodwill2022-06-062023-06-0507588149core:FurnitureFittings2022-06-062023-06-0507588149core:ComputerEquipment2022-06-062023-06-05075881492021-06-062022-06-0507588149core:NetGoodwill2022-06-0507588149core:NetGoodwill2023-06-0507588149core:NetGoodwill2022-06-0507588149core:FurnitureFittings2022-06-0507588149core:ComputerEquipment2022-06-05075881492022-06-0507588149core:WithinOneYear2023-06-0507588149core:WithinOneYear2022-06-0507588149bus:PrivateLimitedCompanyLtd2022-06-062023-06-0507588149bus:SmallCompaniesRegimeForAccounts2022-06-062023-06-0507588149bus:FRS1022022-06-062023-06-0507588149bus:AuditExemptWithAccountantsReport2022-06-062023-06-0507588149bus:FullAccounts2022-06-062023-06-05xbrli:purexbrli:sharesiso4217:GBP