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REGISTERED NUMBER: 08739184 (England and Wales)















GREENS SOLICITORS LIMITED

Unaudited Financial Statements for the Year Ended 30 June 2024






GREENS SOLICITORS LIMITED (REGISTERED NUMBER: 08739184)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREENS SOLICITORS LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs J Kirkland
K Hyatt





REGISTERED OFFICE: 5th Floor
Temple Point
1 Temple Row
Birmingham
West Midlands
B2 5LG





REGISTERED NUMBER: 08739184 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

GREENS SOLICITORS LIMITED (REGISTERED NUMBER: 08739184)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 262,853 213,665
262,853 213,665

CURRENT ASSETS
Debtors 6 1,144,673 935,297

CREDITORS
Amounts falling due within one year 7 987,457 642,786
NET CURRENT ASSETS 157,216 292,511
TOTAL ASSETS LESS CURRENT
LIABILITIES

420,069

506,176

CREDITORS
Amounts falling due after more than one
year

8

(75,347

)

(100,355

)

PROVISIONS FOR LIABILITIES (32,257 ) (28,094 )
NET ASSETS 312,465 377,727

CAPITAL AND RESERVES
Called up share capital 90 90
Capital redemption reserve 10 10
Retained earnings 312,365 377,627
SHAREHOLDERS' FUNDS 312,465 377,727

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

GREENS SOLICITORS LIMITED (REGISTERED NUMBER: 08739184)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





Mrs J Kirkland - Director


GREENS SOLICITORS LIMITED (REGISTERED NUMBER: 08739184)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Greens 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 2014, is being amortised evenly over its estimated useful life of five 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.
Improvements to property - 20% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 33% 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.

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.

GREENS SOLICITORS LIMITED (REGISTERED NUMBER: 08739184)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 39 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 200,000
AMORTISATION
At 1 July 2023
and 30 June 2024 200,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 202,900 202,556 108,771 514,227
Additions 131,955 28,513 3,514 163,982
At 30 June 2024 334,855 231,069 112,285 678,209
DEPRECIATION
At 1 July 2023 114,860 107,190 78,512 300,562
Charge for year 42,214 57,051 15,529 114,794
At 30 June 2024 157,074 164,241 94,041 415,356
NET BOOK VALUE
At 30 June 2024 177,781 66,828 18,244 262,853
At 30 June 2023 88,040 95,366 30,259 213,665

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 991,989 834,543
Other debtors 4,050 -
Directors' current accounts 50,000 50,000
Prepayments 98,634 50,754
1,144,673 935,297

GREENS SOLICITORS LIMITED (REGISTERED NUMBER: 08739184)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 180,474 211,808
Other loans 135,505 80,357
Trade creditors 249,501 58,012
Social security and other taxes 259,754 210,331
Other creditors 53,000 -
Accrued expenses 109,223 82,278
987,457 642,786

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 58,333 54,175
Bank loans - 2-5 years 17,014 46,180
75,347 100,355

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 127,438 181,601

The bank borrowings are secured by a debenture over the company's assets.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mrs J Kirkland
Balance outstanding at start of year 50,000 53,069
Amounts advanced - 191,177
Amounts repaid - (194,246 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,000 50,000

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £339,276 were paid to the directors .