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REGISTERED NUMBER: 08445434 (England and Wales)















CHARLES STRACHAN SOLICITORS LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2023






CHARLES STRACHAN SOLICITORS LIMITED (REGISTERED NUMBER: 08445434)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHARLES STRACHAN SOLICITORS LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs S Bryant
A C Bryant
A Carrolan
I S Paterson
Mrs P K Sanghera





REGISTERED OFFICE: 709 Bristol Road South
Northfield
Birmingham
West Midlands
B31 2JT





REGISTERED NUMBER: 08445434 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

CHARLES STRACHAN SOLICITORS LIMITED (REGISTERED NUMBER: 08445434)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 46,667 56,667
Tangible assets 5 30,149 10,254
76,816 66,921

CURRENT ASSETS
Debtors 6 499,682 537,025
Cash at bank and in hand 462,414 432,910
962,096 969,935
CREDITORS
Amounts falling due within one year 7 507,234 496,610
NET CURRENT ASSETS 454,862 473,325
TOTAL ASSETS LESS CURRENT
LIABILITIES

531,678

540,246

CREDITORS
Amounts falling due after more than one
year

8

35,574

60,685
NET ASSETS 496,104 479,561

CAPITAL AND RESERVES
Called up share capital 10 300 300
Retained earnings 11 495,804 479,261
SHAREHOLDERS' FUNDS 496,104 479,561

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

CHARLES STRACHAN SOLICITORS LIMITED (REGISTERED NUMBER: 08445434)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2023 and were signed on its behalf by:




I S Paterson - Director A C Bryant - Director




A Carrolan - Director


CHARLES STRACHAN SOLICITORS LIMITED (REGISTERED NUMBER: 08445434)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Charles Strachan 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 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

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.

CHARLES STRACHAN SOLICITORS LIMITED (REGISTERED NUMBER: 08445434)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 35 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 100,000
AMORTISATION
At 1 April 2022 43,333
Charge for year 10,000
At 31 March 2023 53,333
NET BOOK VALUE
At 31 March 2023 46,667
At 31 March 2022 56,667

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022 58,784
Additions 30,792
At 31 March 2023 89,576
DEPRECIATION
At 1 April 2022 48,530
Charge for year 10,897
At 31 March 2023 59,427
NET BOOK VALUE
At 31 March 2023 30,149
At 31 March 2022 10,254

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 434,007 515,086
Other debtors 34,489 -
Directors' current accounts - 3,068
Prepayments 31,186 18,871
499,682 537,025

CHARLES STRACHAN SOLICITORS LIMITED (REGISTERED NUMBER: 08445434)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 25,111 25,111
Trade creditors & accruals 218,743 86,786
Social security and other taxes 179,008 273,973
Other creditors 61,734 64,508
Directors' current accounts 22,638 46,232
507,234 496,610

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 35,574 25,111
Bank loans - 2-5 years - 35,574
35,574 60,685

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 60,685 85,796

The bank borrowing and other loans are secured by a debenture over the company's assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
300 Ordinary £1 300 300

11. RESERVES
Retained
earnings
£   

At 1 April 2022 479,261
Profit for the year 211,543
Dividends (195,000 )
At 31 March 2023 495,804

CHARLES STRACHAN SOLICITORS LIMITED (REGISTERED NUMBER: 08445434)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
A C Bryant
Balance outstanding at start of year 3,068 (1,436 )
Amounts advanced - 63,004
Amounts repaid (3,068 ) (58,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 3,068