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REGISTERED NUMBER: 06233982 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Mary Monson Solicitors Limited

Mary Monson Solicitors Limited (Registered number: 06233982)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mary Monson Solicitors Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr L Kotrie
Mr J Kotrie-Monson





SECRETARY: Mr J Kotrie-Monson





REGISTERED OFFICE: 87 Chorley Road
Swinton
Lancashire
M27 4AA





REGISTERED NUMBER: 06233982 (England and Wales)





ACCOUNTANTS: Chamberlains Chartered Accountants
Elm House, Tanshire Park
Shackleford Road, Elstead
Godalming
Surrey
GU8 6LB

Mary Monson Solicitors Limited (Registered number: 06233982)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 70,000 103,529
Tangible assets 5 24,067 26,076
94,067 129,605

CURRENT ASSETS
Work in progress 887,576 808,993
Debtors 6 538,229 456,254
Cash in hand 222,045 105,667
1,647,850 1,370,914
CREDITORS
Amounts falling due within one year 7 1,425,796 1,277,429
NET CURRENT ASSETS 222,054 93,485
TOTAL ASSETS LESS CURRENT
LIABILITIES

316,121

223,090

CREDITORS
Amounts falling due after more than one
year

8

241,887

318,737
NET ASSETS/(LIABILITIES) 74,234 (95,647 )

CAPITAL AND RESERVES
Called up share capital 1,200 1,200
Retained earnings 73,034 (96,847 )
SHAREHOLDERS' FUNDS 74,234 (95,647 )

Mary Monson Solicitors Limited (Registered number: 06233982)

Balance Sheet - continued
31 July 2023


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

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

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 11 April 2024 and were signed on its behalf by:





Mr L Kotrie - Director


Mary Monson Solicitors Limited (Registered number: 06233982)

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

1. STATUTORY INFORMATION

Mary Monson 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.

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 represents amounts receivable from solicitors fees relating to serious crime, motoring offences
and conveyance net of VAT and includes disbursements.

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 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 in 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.

Leasehold improvements
Leasehold improvements are initially measured at cost and subsequently measured at cost or valuation, net of amortisation and any impairment losses.
Leasehold improvements are amortised over the remaining life of the underlying lease.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over
their useful lives on the following bases:

Computer equipment 15% reducing balance
Fixtures, fittings & equipment 15% reducing balance

Work in progress
Work in progress comprises professional time costs plus disbursements, to the extent that no right to consideration exists at the balance sheet date. Work in progress is valued at the lower of cost and estimated fee chargeable less costs expected to be incurred to completion


Mary Monson Solicitors Limited (Registered number: 06233982)

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

2. ACCOUNTING POLICIES - continued
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 27 (2022 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 350,000 136,845 486,845
AMORTISATION
At 1 August 2022 262,500 120,816 383,316
Charge for year 17,500 16,029 33,529
At 31 July 2023 280,000 136,845 416,845
NET BOOK VALUE
At 31 July 2023 70,000 - 70,000
At 31 July 2022 87,500 16,029 103,529

Mary Monson Solicitors Limited (Registered number: 06233982)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 167,171
Additions 1,902
At 31 July 2023 169,073
DEPRECIATION
At 1 August 2022 141,095
Charge for year 3,911
At 31 July 2023 145,006
NET BOOK VALUE
At 31 July 2023 24,067
At 31 July 2022 26,076

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 322,174 320,843
Other debtors 216,055 135,411
538,229 456,254

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 145,165 145,429
Taxation and social security 756,417 653,236
Other creditors 524,214 478,764
1,425,796 1,277,429

Included in other creditors is an amount of £409,387 relating to liabilities in the CVA and payable in accordance with the CVA agreement.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Other creditors 241,887 318,737