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REGISTERED NUMBER: 07787711 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Spencer Shaw Solicitors Limited

Spencer Shaw Solicitors Limited (Registered number: 07787711)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Spencer Shaw Solicitors Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: N A Atwell
I S Jones



REGISTERED OFFICE: St Mary's House
68 Harborne Park Road
Harborne
Birmingham
West Midlands
B17 0DH



REGISTERED NUMBER: 07787711 (England and Wales)



ACCOUNTANTS: James, Stanley & Co. Limited
1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT



BANKERS: Barclays Bank plc
161 High Street
Kings Heath
Birmingham
B14 7LA

Spencer Shaw Solicitors Limited (Registered number: 07787711)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 20,000 25,000
Property, plant and equipment 6 1,709 2,114
21,709 27,114

CURRENT ASSETS
Inventories 7 49,000 16,576
Debtors 8 27,375 41,821
Cash at bank 58,670 106,971
135,045 165,368
CREDITORS
Amounts falling due within one year 9 81,907 95,241
NET CURRENT ASSETS 53,138 70,127
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,847

97,241

CREDITORS
Amounts falling due after more than one
year

10

(30,241

)

(35,845

)

PROVISIONS FOR LIABILITIES (325 ) (529 )
NET ASSETS 44,281 60,867

CAPITAL AND RESERVES
Called up share capital 12 4 4
Retained earnings 44,277 60,863
SHAREHOLDERS' FUNDS 44,281 60,867

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Spencer Shaw Solicitors Limited (Registered number: 07787711)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 8 July 2024 and were signed on its behalf by:





N A Atwell - Director


Spencer Shaw Solicitors Limited (Registered number: 07787711)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Spencer Shaw 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. STATEMENT OF COMPLIANCE

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. There were no material departures from this standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Revenue 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 2018, is being amortised evenly over its estimated useful life of ten years.

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 - 50% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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.

Spencer Shaw Solicitors Limited (Registered number: 07787711)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. ACCOUNTING POLICIES - continued

Operating leases
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.

Loans from directors
As a small entity the company measures a basic financial liability that are loans from directors at transaction price.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 50,000
AMORTISATION
At 1 January 2023 25,000
Charge for year 5,000
At 31 December 2023 30,000
NET BOOK VALUE
At 31 December 2023 20,000
At 31 December 2022 25,000

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 2,485 8,984 11,469
Additions 296 - 296
At 31 December 2023 2,781 8,984 11,765
DEPRECIATION
At 1 January 2023 1,101 8,254 9,355
Charge for year 336 365 701
At 31 December 2023 1,437 8,619 10,056
NET BOOK VALUE
At 31 December 2023 1,344 365 1,709
At 31 December 2022 1,384 730 2,114

Spencer Shaw Solicitors Limited (Registered number: 07787711)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. INVENTORIES
31.12.23 31.12.22
£    £   
Work-in-progress 49,000 16,576

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 15,463 29,064
Prepayments and accrued income 11,912 12,757
27,375 41,821

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 5,141 5,052
Trade creditors 18,241 11,877
Tax 3,482 17,605
Social security and other taxes 20,579 30,781
Other creditors 27,039 15,954
Directors' current accounts 2,725 7,789
Accruals and deferred income 4,700 6,183
81,907 95,241

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 1-5 years 22,006 21,648
Bank loans more than 5 years 8,235 14,197
30,241 35,845

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 8,235 14,197

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 8,717 7,846
Between one and five years 3,909 -
12,626 7,846

Spencer Shaw Solicitors Limited (Registered number: 07787711)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
3 Ordinary A £1 3 3
1 Ordinary B £1 1 1
4 4

13. CAPITAL COMMITMENTS
31.12.23 31.12.22
£    £   
Contracted but not provided for in the
financial statements - -

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Members of key management personnel have provided a guarantee limited to £20,000 to Barclays Bank plc dated 17 January 2020.

15. RELATED PARTY DISCLOSURES

Loans from key management personnel are unsecured with no specific repayment terms and are presented within creditors due within one year.