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REGISTERED NUMBER: 12514065 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Morgan Hill Solicitors Ltd

Morgan Hill Solicitors Ltd (Registered number: 12514065)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Morgan Hill Solicitors Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: R M Khan





REGISTERED OFFICE: 604 Green Lane
Goodmayes
Ilford
Essex
IG3 9SQ





REGISTERED NUMBER: 12514065 (England and Wales)





ACCOUNTANTS: Londongate Accountancy Ltd
124 City Road
London
EC1V 2NX

Morgan Hill Solicitors Ltd (Registered number: 12514065)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 16,098 18,598
Tangible assets 5 99,949 56,412
116,047 75,010

CURRENT ASSETS
Cash at bank 456,258 114,806

CREDITORS
Amounts falling due within one year 6 588,277 219,119
NET CURRENT LIABILITIES (132,019 ) (104,313 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,972

)

(29,303

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (15,973 ) (29,304 )
(15,972 ) (29,303 )

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

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

Morgan Hill Solicitors Ltd (Registered number: 12514065)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 August 2024 and were signed by:





R M Khan - Director


Morgan Hill Solicitors Ltd (Registered number: 12514065)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Morgan Hill 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten 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 each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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.


Morgan Hill Solicitors Ltd (Registered number: 12514065)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 25,000
AMORTISATION
At 1 June 2023 6,402
Amortisation for year 2,500
At 31 May 2024 8,902
NET BOOK VALUE
At 31 May 2024 16,098
At 31 May 2023 18,598

Morgan Hill Solicitors Ltd (Registered number: 12514065)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Plant and Office Computer
machinery equipment equipment Totals
£    £    £    £   
COST
At 1 June 2023 5,142 52,547 36,244 93,933
Additions 33,930 18,258 1,300 53,488
At 31 May 2024 39,072 70,805 37,544 147,421
DEPRECIATION
At 1 June 2023 1,381 23,757 12,383 37,521
Charge for year 489 5,284 4,178 9,951
At 31 May 2024 1,870 29,041 16,561 47,472
NET BOOK VALUE
At 31 May 2024 37,202 41,764 20,983 99,949
At 31 May 2023 3,761 28,790 23,861 56,412

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Client Account payable 433,654 108,180
Taxation and social security 13,463 5,852
Other creditors 141,160 105,087
588,277 219,119