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REGISTERED NUMBER: SC441629 (Scotland)















KERSLANDS SOLICITORS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






KERSLANDS SOLICITORS LIMITED (REGISTERED NUMBER: SC441629)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KERSLANDS SOLICITORS LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTORS: A Keith
L McDermid
E J Talbot





REGISTERED OFFICE: 4 Station Road
Milngavie
G62 8AB





REGISTERED NUMBER: SC441629 (Scotland)





ACCOUNTANTS: Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL

KERSLANDS SOLICITORS LIMITED (REGISTERED NUMBER: SC441629)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 14,904 16,110
14,904 16,110

CURRENT ASSETS
Debtors 6 132,762 72,375
Cash at bank 165,377 169,849
298,139 242,224
CREDITORS
Amounts falling due within one year 7 169,656 110,610
NET CURRENT ASSETS 128,483 131,614
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,387

147,724

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 143,386 147,723
SHAREHOLDERS' FUNDS 143,387 147,724

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.

KERSLANDS SOLICITORS LIMITED (REGISTERED NUMBER: SC441629)

BALANCE SHEET - 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 19 September 2024 and were signed on its behalf by:




A Keith - Director L McDermid - Director




E J Talbot - Director


KERSLANDS SOLICITORS LIMITED (REGISTERED NUMBER: SC441629)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

Kerslands Solicitors Limited is a private company, limited by shares , registered in Scotland. 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
Turnover represents the value of services provided during the year, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, was amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Leasehold improvements - 15% on reducing balance
Plant and machinery etc - 33% on cost and 20% on reducing balance

Financial instruments
Basic financial instruments, including trade and other payables, bank loans and other loans that are classified as debt, are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method.

Taxation
Taxation for the year comprises current 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 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.

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 and makes pension contributions to personal pension schemes of the company's directors. Contributions payable to these pension schemes are charged to the profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

KERSLANDS SOLICITORS LIMITED (REGISTERED NUMBER: SC441629)

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 450,000
AMORTISATION
At 1 April 2023
and 31 March 2024 450,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Leasehold machinery
improvements etc Totals
£    £    £   
COST
At 1 April 2023 30,033 9,444 39,477
Additions - 186 186
At 31 March 2024 30,033 9,630 39,663
DEPRECIATION
At 1 April 2023 14,967 8,400 23,367
Charge for year 1,004 388 1,392
At 31 March 2024 15,971 8,788 24,759
NET BOOK VALUE
At 31 March 2024 14,062 842 14,904
At 31 March 2023 15,066 1,044 16,110

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 92,760 59,386
Other debtors 40,002 12,989
132,762 72,375

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 10,201 7,621
Taxation and social security 158,730 102,204
Other creditors 725 785
169,656 110,610