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REGISTERED NUMBER: 08001959 (England and Wales)















STAFFORDSHIRE FAMILY LAW SOLICITORS
LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






STAFFORDSHIRE FAMILY LAW SOLICITORS
LIMITED (REGISTERED NUMBER: 08001959)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STAFFORDSHIRE FAMILY LAW SOLICITORS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Ms G A Chester
Ms F Knight





REGISTERED OFFICE: 6 Marconi Gate
Staffordshire Technology Park
Stafford
Staffordshire
ST18 0FZ





REGISTERED NUMBER: 08001959 (England and Wales)

STAFFORDSHIRE FAMILY LAW SOLICITORS
LIMITED (REGISTERED NUMBER: 08001959)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,306 2,991

CURRENT ASSETS
Debtors 5 203,199 173,523
Cash at bank 211,059 81,237
414,258 254,760
CREDITORS
Amounts falling due within one year 6 (150,701 ) (89,034 )
NET CURRENT ASSETS 263,557 165,726
TOTAL ASSETS LESS CURRENT LIABILITIES 267,863 168,717

PROVISIONS FOR LIABILITIES (1,077 ) (748 )
NET ASSETS 266,786 167,969

CAPITAL AND RESERVES
Called up share capital 7 2 2
Capital redemption reserve 2 2
Retained earnings 266,782 167,965
SHAREHOLDERS' FUNDS 266,786 167,969

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

STAFFORDSHIRE FAMILY LAW SOLICITORS
LIMITED (REGISTERED NUMBER: 08001959)

BALANCE SHEET - continued
31 MARCH 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





Ms F Knight - Director


STAFFORDSHIRE FAMILY LAW SOLICITORS
LIMITED (REGISTERED NUMBER: 08001959)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Staffordshire Family Law 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 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to chargable hours undertaken.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Interest receivable
Interest income is recognised using the effective interest method.

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 - 25% on reducing balance
Computer equipment - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


STAFFORDSHIRE FAMILY LAW SOLICITORS
LIMITED (REGISTERED NUMBER: 08001959)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Accounting period
The accounting period was shortened from 31 May 2023 (12 months) to 31 March 2023 (10 months). As such, the comparatives are not entirely comparable. The change was made to align the company's year end with the statutory tax year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

STAFFORDSHIRE FAMILY LAW SOLICITORS
LIMITED (REGISTERED NUMBER: 08001959)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 34,549
Additions 3,937
Disposals (9,948 )
At 31 March 2024 28,538
DEPRECIATION
At 1 April 2023 31,558
Charge for year 2,622
Eliminated on disposal (9,948 )
At 31 March 2024 24,232
NET BOOK VALUE
At 31 March 2024 4,306
At 31 March 2023 2,991

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 139,881 114,328
Other debtors 4,138 3,388
Directors' current accounts 51,756 48,531
Prepayments and accrued income 7,424 7,276
203,199 173,523

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 204
Corporation tax 91,288 45,209
VAT 56,223 40,931
Other creditors 1,690 1,550
Accrued expenses 1,500 1,140
150,701 89,034

STAFFORDSHIRE FAMILY LAW SOLICITORS
LIMITED (REGISTERED NUMBER: 08001959)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

2024 2023
£    £   
Ms G A Chester
Balance outstanding at start of year 23,177 -
Amounts advanced 89,338 23,177
Amounts repaid (89,357 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,158 23,177

Ms F Knight
Balance outstanding at start of year 25,354 -
Amounts advanced 91,352 25,354
Amounts repaid (88,108 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,598 25,354

The advances were provided interest free and were repaid shortly after the year end.

9. FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £12,725 (2023 - £9,225).