ABBEY SOLICITORS LIMITED

Company Registration Number:
06404593 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

ABBEY SOLICITORS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

ABBEY SOLICITORS LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 12,781 13,676
Total fixed assets: 12,781 13,676
Current assets
Stocks: 300,000 300,000
Debtors:   459,990 505,448
Cash at bank and in hand: 45,723 89,705
Total current assets: 805,713 895,153
Creditors: amounts falling due within one year: 4 (544,712) (586,290)
Net current assets (liabilities): 261,001 308,863
Total assets less current liabilities: 273,782 322,539
Creditors: amounts falling due after more than one year: 5 (8,640) (30,739)
Total net assets (liabilities): 265,142 291,800
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 265,042 291,700
Shareholders funds: 265,142 291,800

The notes form part of these financial statements

ABBEY SOLICITORS LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 August 2024
and signed on behalf of the board by:

Name: Nadeem Ullah
Status: Director

The notes form part of these financial statements

ABBEY SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents fees invoiced in the year for the supply of legal services as solicitors.

Tangible fixed assets and depreciation policy

Depreciation has been charged on fixed assets at a rate of 25 per cent per annum.

ABBEY SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 35 36

ABBEY SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 62,177
At 31 March 2024 62,177
Depreciation
At 01 April 2023 48,501
Charge for year 895
At 31 March 2024 49,396
Net book value
At 31 March 2024 12,781
At 31 March 2023 13,676

ABBEY SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

Trade creditors £160,641, Other creditors £148,574, Taxation £121,298, Bank loans £114,199.

ABBEY SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due after more than one year note

Bank loans £8,640.