Registered number
08661865
De Cruz Solicitors Limited
Filleted Accounts
30 November 2023
De Cruz Solicitors Limited
Registered number: 08661865
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,396 2,835
Current assets
Debtors 4 703,743 925,940
Cash at bank and in hand 145,159 124,431
848,902 1,050,371
Creditors: amounts falling due within one year 5 (546,412) (742,775)
Net current assets 302,490 307,596
Total assets less current liabilities 303,886 310,431
Creditors: amounts falling due after more than one year 6 (15,208) (57,719)
Provisions for liabilities (335) (37)
Net assets 288,343 252,675
Capital and reserves
Called up share capital 100 100
Profit and loss account 288,243 252,575
Shareholder's funds 288,343 252,675
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr VB D'Cruz
Director
Approved by the board on 27 August 2024
De Cruz Solicitors Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Fee Income
Fee Income is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenues earned from the rendering of regulated legal services and is recognised when the amount becomes unconditional less any provision for bad debts.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25%
Fixtures, fittings, tools and equipment 25%
Work in progress
Work in progress is measured at the approximate future billable fees , where it is not expected to recover the costs , they are systematically written off.
Debtors
Short term debtors are measured at transaction price less . Any counsels fee specifically included in debtors at the balalnce sheet date is netted off against the corresponding creditor .
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Plant and machinery etc Fixtures & Fittings. Total
£ £ £
Cost
At 1 December 2022 15,173 3,797 18,970
Additions 3,140 - 3,140
At 30 November 2023 18,313 3,797 22,110
Depreciation
At 1 December 2022 12,339 3,797 16,136
Charge for the year 4,578 - 4,578
At 30 November 2023 16,917 3,797 20,714
Net book value
At 30 November 2023 1,396 - 1,396
At 30 November 2022 2,834 - 2,834
4 Debtors 2023 2022
£ £
Trade debtors 689,409 911,606
Other debtors 14,334 14,334
703,743 925,940
5 Creditors: amounts falling due within one year 2023 2022
£ £
Directors Loan account 15,807 82,239
Bank loans and overdrafts 22 561
Bank Loan Repayments -Current. 9,996 9,996
Trade creditors 5,349 111,754
Taxation and social security costs 512,594 535,651
Other creditors 2,644 2,574
546,412 742,775
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank Loan 15,208 57,719
7 Other information
De Cruz Solicitors Limited is a private company limited by shares and incorporated in England. Its registered office is:
150 Fleet Street
London
EC4A 2DQ
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