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REGISTERED NUMBER: 07768589 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Bassi Solicitors Limited

Bassi Solicitors Limited (Registered number: 07768589)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Bassi Solicitors Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr D Murria





REGISTERED OFFICE: 220 Soho Road
Handsworth
Birmingham
West Midlands
B21 9LR





REGISTERED NUMBER: 07768589 (England and Wales)





ACCOUNTANTS: AKB Group Limited
91 Soho Hill
Hockley
Birmingham
West Midlands
B19 1AY

Bassi Solicitors Limited (Registered number: 07768589)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 32,500 65,000
Tangible assets 5 11,645 7,051
Investment property 6 294,151 290,901
338,296 362,952

CURRENT ASSETS
Debtors 7 67,246 51,063
Cash at bank and in hand 479,582 571,397
546,828 622,460
CREDITORS
Amounts falling due within one year 8 68,217 204,719
NET CURRENT ASSETS 478,611 417,741
TOTAL ASSETS LESS CURRENT
LIABILITIES

816,907

780,693

PROVISIONS FOR LIABILITIES 2,550 1,423
NET ASSETS 814,357 779,270

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 814,356 779,269
SHAREHOLDERS' FUNDS 814,357 779,270

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

Bassi Solicitors Limited (Registered number: 07768589)

Balance Sheet - continued
31 October 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 director and authorised for issue on 30 July 2024 and were signed by:





Mr D Murria - Director


Bassi Solicitors Limited (Registered number: 07768589)

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

1. STATUTORY INFORMATION

Bassi 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 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 2011, is being amortised evenly over its estimated useful life of ten years.

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

Plant and machinery - 18% on reducing balance.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

Bassi Solicitors Limited (Registered number: 07768589)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 325,000
AMORTISATION
At 1 November 2022 260,000
Amortisation for year 32,500
At 31 October 2023 292,500
NET BOOK VALUE
At 31 October 2023 32,500
At 31 October 2022 65,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 November 2022 18,609
Additions 7,150
At 31 October 2023 25,759
DEPRECIATION
At 1 November 2022 11,558
Charge for year 2,556
At 31 October 2023 14,114
NET BOOK VALUE
At 31 October 2023 11,645
At 31 October 2022 7,051

Bassi Solicitors Limited (Registered number: 07768589)

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

6. INVESTMENT PROPERTY
Total
£   
COST
At 1 November 2022 290,901
Additions 3,250
At 31 October 2023 294,151
NET BOOK VALUE
At 31 October 2023 294,151
At 31 October 2022 290,901

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 37,984 44,150
Other debtors 29,262 6,913
67,246 51,063

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 539 -
Taxation and social security 38,706 33,427
Other creditors 28,972 171,292
68,217 204,719

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
1 Ordinary £1 1 1

Bassi Solicitors Limited (Registered number: 07768589)

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

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.10.23 31.10.22
£    £   
Mr D Murria
Balance outstanding at start of year - -
Amounts advanced 19,300 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,300 -