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REGISTERED NUMBER: 12303416 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Masaud Solicitors Limited
T/A
Masaud Solicitors

Masaud Solicitors Limited (Registered number: 12303416)
T/A Masaud Solicitors






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Masaud Solicitors Limited
T/A Masaud Solicitors

Company Information
for the Year Ended 30 November 2023







DIRECTOR: M Masaud





REGISTERED OFFICE: Suite 5
Woolwich House
61 Mosley Street
Manchester
M2 3HZ





REGISTERED NUMBER: 12303416 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

Masaud Solicitors Limited (Registered number: 12303416)
T/A Masaud Solicitors

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,786 7,912

CURRENT ASSETS
Debtors 5 80,603 44,600
Cash at bank 55,106 56,106
135,709 100,706
CREDITORS
Amounts falling due within one year 6 84,257 59,530
NET CURRENT ASSETS 51,452 41,176
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,238

49,088

CREDITORS
Amounts falling due after more than one year 7 11,997 19,996
NET ASSETS 49,241 29,092

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 49,240 29,091
49,241 29,092

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

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

Masaud Solicitors Limited (Registered number: 12303416)
T/A Masaud Solicitors

Balance Sheet - continued
30 November 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 August 2024 and were signed by:





M Masaud - Director


Masaud Solicitors Limited (Registered number: 12303416)
T/A Masaud Solicitors

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Masaud 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.

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 - 20% on reducing balance
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

Masaud Solicitors Limited (Registered number: 12303416)
T/A Masaud Solicitors

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022 8,594 4,757 13,351
Additions 3,340 2,180 5,520
At 30 November 2023 11,934 6,937 18,871
DEPRECIATION
At 1 December 2022 4,118 1,321 5,439
Charge for year 1,352 2,294 3,646
At 30 November 2023 5,470 3,615 9,085
NET BOOK VALUE
At 30 November 2023 6,464 3,322 9,786
At 30 November 2022 4,476 3,436 7,912

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 25,475 24,039
Other debtors 55,128 20,561
80,603 44,600

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 8,000 8,000
Trade creditors 43,838 31,397
Taxation and social security 30,910 18,105
Other creditors 1,509 2,028
84,257 59,530

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 11,997 19,996

Masaud Solicitors Limited (Registered number: 12303416)
T/A Masaud Solicitors

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
M Masaud
Balance outstanding at start of year 14,555 5,260
Amounts advanced 42,539 14,555
Amounts repaid (14,555 ) (5,260 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 42,539 14,555

Interest has been charged at the official rate.