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REGISTERED NUMBER: 09428096 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 29 February 2024

for

Citywide Solicitors Ltd

Citywide Solicitors Ltd (Registered number: 09428096)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Citywide Solicitors Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: T A Mathias-Nwaulune





SECRETARY:





REGISTERED OFFICE: 89 Bickersteth Road
Tooting
London
SW17 9SH





REGISTERED NUMBER: 09428096 (England and Wales)





ACCOUNTANTS: Tax Diagnostics & Co
Accountants
Trident Business Centre
89 Bickersteth Road
London
SW17 9SH

Citywide Solicitors Ltd (Registered number: 09428096)

Report of the Director
for the Year Ended 29 February 2024

The director presents his report with the financial statements of the company for the year ended 29 February 2024.

DIRECTOR
T A Mathias-Nwaulune held office during the whole of the period from 1 March 2023 to the date of this report.

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:





T A Mathias-Nwaulune - Director


1 March 2024

Citywide Solicitors Ltd (Registered number: 09428096)

Income Statement
for the Year Ended 29 February 2024

29.2.24 28.2.23
Notes £    £   

TURNOVER 340,440 74,611

Cost of sales 38,884 9,743
GROSS PROFIT 301,556 64,868

Administrative expenses 145,158 92,462
OPERATING PROFIT/(LOSS) 4 156,398 (27,594 )

Interest receivable and similar income 590 51
156,988 (27,543 )

Interest payable and similar expenses 438 518
PROFIT/(LOSS) BEFORE TAXATION 156,550 (28,061 )

Tax on profit/(loss) 6,674 10
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

149,876

(28,071

)

Citywide Solicitors Ltd (Registered number: 09428096)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 60,654 2,046

CURRENT ASSETS
Debtors 6 16,023 4,542
Cash at bank 120,166 16,153
136,189 20,695
CREDITORS
Amounts falling due within one year 7 91,232 64,630
NET CURRENT ASSETS/(LIABILITIES) 44,957 (43,935 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,611

(41,889

)

CREDITORS
Amounts falling due after more than one
year

8

16,223

18,599
NET ASSETS/(LIABILITIES) 89,388 (60,488 )

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings 59,388 (90,488 )
SHAREHOLDERS' FUNDS 89,388 (60,488 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director and authorised for issue on 1 March 2024 and were signed by:




T A Mathias-Nwaulune - Director


Citywide Solicitors Ltd (Registered number: 09428096)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Citywide Solicitors Ltd 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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 6 (2023 - 2 ) .

Citywide Solicitors Ltd (Registered number: 09428096)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. OPERATING PROFIT/(LOSS)

The operating profit (2023 - operating loss) is stated after charging:

29.2.24 28.2.23
£    £   
Depreciation - owned assets 777 1,266

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 9,077
Additions 59,385
At 29 February 2024 68,462
DEPRECIATION
At 1 March 2023 7,031
Charge for year 777
At 29 February 2024 7,808
NET BOOK VALUE
At 29 February 2024 60,654
At 28 February 2023 2,046

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 9,819 547
Other debtors 6,204 3,995
16,023 4,542

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 21,748 4,543
Taxation and social security 14,176 1,856
Other creditors 55,308 58,231
91,232 64,630

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 16,223 18,599