OLLIERS SOLICITORS LIMITED

Company Registration Number:
08481026 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

OLLIERS SOLICITORS LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Balance sheet
Notes

OLLIERS SOLICITORS LIMITED

Balance sheet

As at 31 July 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 0 139,100
Tangible assets: 4 8,384 9,956
Total fixed assets: 8,384 149,056
Current assets
Stocks: 692,000 746,000
Debtors:   767,174 537,093
Cash at bank and in hand: 361,788 80,488
Total current assets: 1,820,962 1,363,581
Creditors: amounts falling due within one year: 5 (709,764) (665,390)
Net current assets (liabilities): 1,111,198 698,191
Total assets less current liabilities: 1,119,582 847,247
Creditors: amounts falling due after more than one year:     (15,000)
Total net assets (liabilities): 1,119,582 832,247
Capital and reserves
Called up share capital: 10,282 10,282
Profit and loss account: 1,109,300 821,965
Shareholders funds: 1,119,582 832,247

The notes form part of these financial statements

OLLIERS SOLICITORS LIMITED

Balance sheet statements

For the year ending 31 July 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 April 2024
and signed on behalf of the board by:

Name: M J Claughton
Status: Director

The notes form part of these financial statements

OLLIERS SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the fees invoiced for the supply of legal services as solicitors.

Tangible fixed assets and depreciation policy

Equipment is depreciated at a rate of 25 per cent per annum using the straight-line method.

Intangible fixed assets and amortisation policy

Amortisation is charged on goodwill at a rate of 10 per cent per annum over a period of 10 years.

OLLIERS SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

2. Employees

2023 2022
Average number of employees during the period 33 27

OLLIERS SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Intangible Assets

Total
Cost £
At 01 August 2022 1,391,000
At 31 July 2023 1,391,000
Amortisation
At 01 August 2022 1,251,900
Charge for year 139,100
At 31 July 2023 1,391,000
Net book value
At 31 July 2023 0
At 31 July 2022 139,100

OLLIERS SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Tangible Assets

Total
Cost £
At 01 August 2022 60,447
At 31 July 2023 60,447
Depreciation
At 01 August 2022 50,491
Charge for year 1,572
At 31 July 2023 52,063
Net book value
At 31 July 2023 8,384
At 31 July 2022 9,956

OLLIERS SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Creditors: amounts falling due within one year note

Trade creditors £17,938, taxation £546,027, Accruals £50,779, other creditors £95,020.