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REGISTERED NUMBER: 05393894 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Richard Wilson Solicitors Limited

Richard Wilson Solicitors Limited (Registered number: 05393894)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Richard Wilson Solicitors Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs K A Charles
J M Charles





REGISTERED OFFICE: Cymbal House
High Street
Goring on Thames
Berkshire
RG8 9AU





REGISTERED NUMBER: 05393894 (England and Wales)





ACCOUNTANTS: Geoffrey Cole & Co
Chartered Accountants
4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY

Richard Wilson Solicitors Limited (Registered number: 05393894)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 61,454 122,921
Tangible assets 5 1,609 1,110
63,063 124,031

CURRENT ASSETS
Debtors 6 221,838 250,736
Cash at bank and in hand 128,432 80,916
350,270 331,652
CREDITORS
Amounts falling due within one year 7 183,880 186,437
NET CURRENT ASSETS 166,390 145,215
TOTAL ASSETS LESS CURRENT
LIABILITIES

229,453

269,246

CAPITAL AND RESERVES
Called up share capital 284 284
Share premium 34,420 34,420
Capital redemption reserve 19,125 19,125
Other reserves 70,000 70,000
Retained earnings 105,624 145,417
SHAREHOLDERS' FUNDS 229,453 269,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

Richard Wilson Solicitors Limited (Registered number: 05393894)

Statement of Financial Position - continued
31 March 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 10 September 2024 and were signed on its behalf by:





Mrs K A Charles - Director


Richard Wilson Solicitors Limited (Registered number: 05393894)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Richard Wilson 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.

The financial statements have been prepared on a going concern basis, which assumes the company will continue in operational existence, and will be able to meet its liabilities as they fall due, for a period of at least twelve months from the date of approval of the financial statements.

Turnover
Turnover is the value of services, net of value added tax, provided to customers during the year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of former businesses, is amortised in equal instalments over 10 years, being the directors' estimate of its useful economic life.

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.
Fixtures and fittings - 25% 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 statement of financial position date.

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 8 (2023 - 8 ) .

Richard Wilson Solicitors Limited (Registered number: 05393894)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 837,280
AMORTISATION
At 1 April 2023 714,359
Charge for year 61,467
At 31 March 2024 775,826
NET BOOK VALUE
At 31 March 2024 61,454
At 31 March 2023 122,921

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 28,099 44,451 72,550
Additions - 1,528 1,528
At 31 March 2024 28,099 45,979 74,078
DEPRECIATION
At 1 April 2023 27,215 44,225 71,440
Charge for year 631 398 1,029
At 31 March 2024 27,846 44,623 72,469
NET BOOK VALUE
At 31 March 2024 253 1,356 1,609
At 31 March 2023 884 226 1,110

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 73,331 76,415
Amounts recoverable on contract 92,503 126,822
Directors' current accounts 5,041 2,326
Prepayments 50,963 45,173
221,838 250,736

Richard Wilson Solicitors Limited (Registered number: 05393894)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,539 600
Tax 39,257 36,600
Social security and other taxes 3,751 3,745
VAT 36,668 49,676
Other creditors 3,435 17,435
Accrued expenses 98,230 78,381
183,880 186,437

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 22,000 22,000
Between one and five years 88,000 88,000
In more than five years 55,917 77,917
165,917 187,917

9. SECURED DEBTS

Svenska Handelsbanken AB contains fixed charges and floating charges, covering all the property or undertaking of the company.

A charge was created on 9 January 2017 in favour of K A Charles, it contains fixed charges covering the assets and book debts of the company and a floating charge over all other assets of the company.

A charge was created on 13 January 2017 in favour of J M Charles, it contains fixed charges covering the assets and book debts of the company and a floating charge over all other assets of the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2024 Mrs K Charles, a Director, owed the company £5,041 (2023 : £Nil). This loan is interest free and repayable on demand.