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REGISTERED NUMBER: 07201476 (England and Wales)









Report of the Directors and

Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Harold Stock & Co Limited

Harold Stock & Co Limited (Registered number: 07201476)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Report of the Directors 1

Balance Sheet 2

Notes to the Financial Statements 4


Harold Stock & Co Limited (Registered number: 07201476)

Report of the Directors
for the Year Ended 30 June 2023

The directors present their report with the financial statements of the company for the year ended 30 June 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of solicitors.

DIRECTORS
Mr D A McGuinness has held office during the whole of the period from 1 July 2022 to the date of this report.

Other changes in directors holding office are as follows:

Mr R P Larking - resigned 31 March 2023
Mr A S Singer - appointed 1 March 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr D A McGuinness - Director


14 February 2024

Harold Stock & Co Limited (Registered number: 07201476)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 525,000 600,000
Tangible assets 5 7,615 5,870
532,615 605,870

CURRENT ASSETS
Debtors 6 244,343 275,631
Cash at bank and in hand 44,645 1,744
288,988 277,375
CREDITORS
Amounts falling due within one year 7 (334,901 ) (347,209 )
NET CURRENT LIABILITIES (45,913 ) (69,834 )
TOTAL ASSETS LESS CURRENT LIABILITIES 486,702 536,036

CREDITORS
Amounts falling due after more than one
year

8

(170,371

)

(259,260

)

PROVISIONS FOR LIABILITIES (1,556 ) (1,115 )
NET ASSETS 314,775 275,661

CAPITAL AND RESERVES
Called up share capital 1,750 1,750
Capital redemption reserve 2,500 2,500
Retained earnings 310,525 271,411
SHAREHOLDERS' FUNDS 314,775 275,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

Harold Stock & Co Limited (Registered number: 07201476)

Balance Sheet - continued
30 June 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 14 February 2024 and were signed on its behalf by:





Mr D A McGuinness - Director


Harold Stock & Co Limited (Registered number: 07201476)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Harold Stock & Co Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07201476

Registered office: 55 Stamford Street
Mossley
Lancashire
OL5 0LN

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
Fee income represents revenue earned under a wide variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Fee income that is contingent on events outside the control of the firm is recognised when the contingent event occurs.

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years. Newly acquired goodwill is written off in 2 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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% 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.


Harold Stock & Co Limited (Registered number: 07201476)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 1,810,607
AMORTISATION
At 1 July 2022 1,210,607
Amortisation for year 75,000
At 30 June 2023 1,285,607
NET BOOK VALUE
At 30 June 2023 525,000
At 30 June 2022 600,000

Harold Stock & Co Limited (Registered number: 07201476)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022 29,733 36,399 66,132
Additions - 5,171 5,171
At 30 June 2023 29,733 41,570 71,303
DEPRECIATION
At 1 July 2022 26,688 33,574 60,262
Charge for year 761 2,665 3,426
At 30 June 2023 27,449 36,239 63,688
NET BOOK VALUE
At 30 June 2023 2,284 5,331 7,615
At 30 June 2022 3,045 2,825 5,870

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 216,831 251,044
Other debtors 27,512 24,587
244,343 275,631

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 111,697 128,021
Trade creditors 27,685 44,611
Taxation and social security 87,261 63,048
Other creditors 108,258 111,529
334,901 347,209

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 170,371 259,260

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.23 30.6.22
£    £   
Within one year 25,472 34,870
Between one and five years 60,297 85,233
85,769 120,103