15 false false false false false false false false false true false false true true true true No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 2,065 xbrli:pure xbrli:shares iso4217:GBP 09313030 2022-04-01 2023-07-31 09313030 2023-07-31 09313030 2022-03-31 09313030 2021-04-01 2022-03-31 09313030 2022-03-31 09313030 core:FurnitureFittings 2022-04-01 2023-07-31 09313030 bus:Director2 2022-04-01 2023-07-31 09313030 bus:Director3 2022-04-01 2023-07-31 09313030 core:FurnitureFittings 2022-03-31 09313030 core:FurnitureFittings 2023-07-31 09313030 core:WithinOneYear 2023-07-31 09313030 core:WithinOneYear 2022-03-31 09313030 core:ShareCapital 2023-07-31 09313030 core:ShareCapital 2022-03-31 09313030 core:RetainedEarningsAccumulatedLosses 2023-07-31 09313030 core:RetainedEarningsAccumulatedLosses 2022-03-31 09313030 core:BetweenOneFiveYears 2023-07-31 09313030 core:BetweenOneFiveYears 2022-03-31 09313030 core:FurnitureFittings 2022-03-31 09313030 core:DeferredTaxation 2023-07-31 09313030 bus:SmallEntities 2022-04-01 2023-07-31 09313030 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-07-31 09313030 bus:FullAccounts 2022-04-01 2023-07-31 09313030 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-07-31 09313030 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-07-31 09313030 core:OfficeEquipment 2022-04-01 2023-07-31 09313030 core:LeaseholdImprovements 2022-04-01 2023-07-31 09313030 core:OfficeEquipment 2023-07-31 09313030 core:LeaseholdImprovements 2023-07-31 09313030 core:OfficeEquipment 2022-03-31 09313030 core:LeaseholdImprovements 2022-03-31
COMPANY REGISTRATION NUMBER: 09313030
EMMERSONS SOLICITORS LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2022 TO
31 July 2023
EMMERSONS SOLICITORS LTD
STATEMENT OF FINANCIAL POSITION
31 July 2023
31 Jul 23
31 Mar 22
Note
£
£
£
Fixed Assets
Tangible assets
5
27,539
39,155
Current Assets
Debtors
6
230,805
140,863
Cash at bank and in hand
155
14,190
---------
---------
230,960
155,053
Creditors: amounts falling due within one year
7
209,745
138,148
---------
---------
Net Current Assets
21,215
16,905
--------
--------
Total Assets Less Current Liabilities
48,754
56,060
Provisions
8
2,065
2,065
--------
--------
Net Assets
46,689
53,995
--------
--------
Capital and Reserves
Called up share capital
2
2
Profit and loss account
46,687
53,993
--------
--------
Shareholders Funds
46,689
53,995
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
EMMERSONS SOLICITORS LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 July 2023
These financial statements were approved by the board of directors and authorised for issue on 19 April 2024 , and are signed on behalf of the board by:
Mr A M Robinson
Director
Company registration number: 09313030
EMMERSONS SOLICITORS LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 APRIL 2022 TO 31 JULY 2023
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 52 John Street, Sunderland, SR1 1QN.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of preparation
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 £ . The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below:
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for legal services rendered, stated net of discounts and of Value Added Tax. Revenue from legal services is recognised when the agreed criteria from the provision of services have been met, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% reducing balance
Equipment
-
15% reducing balance
Improvements to landlords property
-
10% straight line
Financial instruments
A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee Numbers
The average number of persons employed by the company during the period amounted to 15 (2022: 18 ).
5. Tangible Assets
Fixtures and fittings
Equipment
Improvement to landlords property
Total
£
£
£
£
Cost
At 1 April 2022 and 31 July 2023
43,580
17,377
48,993
109,950
--------
--------
--------
---------
Depreciation
At 1 April 2022
30,204
7,398
33,193
70,795
Charge for the period
2,675
2,408
6,533
11,616
--------
--------
--------
---------
At 31 July 2023
32,879
9,806
39,726
82,411
--------
--------
--------
---------
Carrying amount
At 31 July 2023
10,701
7,571
9,267
27,539
--------
--------
--------
---------
At 31 March 2022
13,376
9,979
15,800
39,155
--------
--------
--------
---------
6. Debtors
31 Jul 23
31 Mar 22
£
£
Trade debtors
44,206
34,478
Other debtors
186,599
106,385
---------
---------
230,805
140,863
---------
---------
7. Creditors: amounts falling due within one year
31 Jul 23
31 Mar 22
£
£
Bank loans and overdrafts
84,560
Trade creditors
25,977
11,147
Social security and other taxes
59,589
90,462
Other creditors
39,619
36,539
---------
---------
209,745
138,148
---------
---------
8. Provisions
Deferred tax
£
At 1 April 2022 and 31 July 2023
2,065
-------
9. Operating Leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
31 Jul 23
31 Mar 22
£
£
Not later than 1 year
13,578
13,578
Later than 1 year and not later than 5 years
210
1,461
--------
--------
13,788
15,039
--------
--------
10. Directors' Advances, Credits and Guarantees
During the period the directors entered into the following advances and credits with the company:
31 Jul 23
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
A Director
87,899
( 87,899)
----
--------
--------
----
31 Mar 22
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
A Director
----
----
----
----