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REGISTERED NUMBER: 07448226 (England and Wales)











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: G J Edmondson





Registered office: Victoria Club
John Street
Off Crum Hill
Northwich
Cheshire
CW9 5ER





Registered number: 07448226 (England and Wales)





Accountants: Warr & Co Limited
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 13,126 5,801
13,126 5,801

Current assets
Debtors 6 904,067 980,370
Cash at bank and in hand 268,059 198,969
1,172,126 1,179,339
Creditors
Amounts falling due within one year 7 (123,909 ) (223,563 )
Net current assets 1,048,217 955,776
Total assets less current liabilities 1,061,343 961,577

Capital and reserves
Called up share capital 100 100
Retained earnings 1,061,243 961,477
Shareholders' funds 1,061,343 961,577

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Gavin Edmondson Solicitors Limited (Registered number: 07448226)

Balance Sheet - continued
30 April 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 director and authorised for issue on 16 September 2024 and were signed by:





G J Edmondson - Director


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 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
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
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

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.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on cost and 20% on reducing balance

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 21 (2023 - 23 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 May 2023
and 30 April 2024 480,000
Amortisation
At 1 May 2023
and 30 April 2024 480,000
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 6,495 30,869 37,364
Additions 2,648 10,145 12,793
At 30 April 2024 9,143 41,014 50,157
Depreciation
At 1 May 2023 3,711 27,852 31,563
Charge for year 915 4,553 5,468
At 30 April 2024 4,626 32,405 37,031
Net book value
At 30 April 2024 4,517 8,609 13,126
At 30 April 2023 2,784 3,017 5,801

6. Debtors: amounts falling due within one year
30.4.24 30.4.23
as restated
£    £   
Trade debtors 462,563 486,811
Amounts recoverable on contract 420,000 472,708
Other debtors 21,504 20,851
904,067 980,370

7. Creditors: amounts falling due within one year
30.4.24 30.4.23
as restated
£    £   
Bank loans and overdrafts 6,608 127,241
Taxation and social security 96,189 75,163
Other creditors 21,112 21,159
123,909 223,563

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 6,608 127,241

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.