REGISTERED NUMBER: |
Gavin Edmondson Solicitors Limited |
Unaudited Financial Statements |
for the Year Ended 30 April 2024 |
REGISTERED NUMBER: |
Gavin Edmondson Solicitors Limited |
Unaudited Financial Statements |
for the Year Ended 30 April 2024 |
Gavin Edmondson Solicitors Limited (Registered number: 07448226) |
Contents of the Financial Statements |
for the Year Ended 30 April 2024 |
Page |
Company information | 1 |
Balance sheet | 2 |
Notes to the financial statements | 4 |
Gavin Edmondson Solicitors Limited |
Company Information |
for the Year Ended 30 April 2024 |
Director: |
Registered office: |
Registered number: |
Accountants: |
Chartered Accountants |
Mynshull House |
78 Churchgate |
Stockport |
Cheshire |
SK1 1YJ |
Gavin Edmondson Solicitors Limited (Registered number: 07448226) |
Balance Sheet |
30 April 2024 |
30.4.24 | 30.4.23 |
as restated |
Notes | £ | £ |
Fixed assets |
Intangible assets | 4 |
Tangible assets | 5 |
Current assets |
Debtors | 6 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital |
Retained earnings |
Shareholders' funds |
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. |
Gavin Edmondson Solicitors Limited (Registered number: 07448226) |
Balance Sheet - continued |
30 April 2024 |
The financial statements were approved by the director and authorised for issue on |
Gavin Edmondson Solicitors Limited (Registered number: 07448226) |
Notes to the Financial Statements |
for the Year Ended 30 April 2024 |
1. | Statutory information |
Gavin Edmondson Solicitors Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Fee income represents amounts chargeable to clients for professional services provided during the year, net of value added tax. |
Unbilled fee income is included as amounts recoverable on contracts within debtors. Amounts recoverable on contracts is stated at fair value where the right to consideration has been obtained. Provision is made against unbilled amounts on those engagements where the right to receive payments is contingent on factors outside the control of the company. |
Goodwill |
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 |
Land and buildings | - |
Plant and machinery etc | - |
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. |
Gavin Edmondson Solicitors Limited (Registered number: 07448226) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
2. | Accounting policies - continued |
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. |
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 |
4. | Intangible fixed assets |
Goodwill |
£ |
Cost |
At 1 May 2023 |
and 30 April 2024 |
Amortisation |
At 1 May 2023 |
and 30 April 2024 |
Net book value |
At 30 April 2024 |
At 30 April 2023 |
Gavin Edmondson Solicitors Limited (Registered number: 07448226) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
5. | Tangible fixed assets |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
Cost |
At 1 May 2023 |
Additions |
At 30 April 2024 |
Depreciation |
At 1 May 2023 |
Charge for year |
At 30 April 2024 |
Net book value |
At 30 April 2024 |
At 30 April 2023 |
6. | Debtors: amounts falling due within one year |
30.4.24 | 30.4.23 |
as restated |
£ | £ |
Trade debtors |
Amounts recoverable on contract |
Other debtors |
7. | Creditors: amounts falling due within one year |
30.4.24 | 30.4.23 |
as restated |
£ | £ |
Bank loans and overdrafts |
Taxation and social security |
Other creditors |
Gavin Edmondson Solicitors Limited (Registered number: 07448226) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
8. | Secured debts |
The following secured debts are included within creditors: |
30.4.24 | 30.4.23 |
as restated |
£ | £ |
Bank loans |
The company's bank has a fixed and floating charge over the company's assets. |
9. | Related party disclosures |
The company paid rent of £12,000 (2023: £12,000) to Mr G J Edmondson, the director, in respect of the business premises. |