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REGISTERED NUMBER: 12118004 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

JORDANS SOLICITORS (YORKSHIRE) LIMITED

JORDANS SOLICITORS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 12118004)






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


JORDANS SOLICITORS (YORKSHIRE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Susan Lewis
Christine Sands
Sukhbeer Shergill





REGISTERED OFFICE: Unity Hall
Smyth Street
Wakefield
West Yorkshire
WF1 1ED





REGISTERED NUMBER: 12118004 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
First Floor, Unit 12
Pennine Business Park
Longbow Close, Bradley
Huddersfield
West Yorkshire
HD2 1GQ

JORDANS SOLICITORS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 12118004)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,120 45,815

CURRENT ASSETS
Stocks 1,922,077 1,551,705
Debtors 5 1,096,060 1,029,936
Cash at bank and in hand 1,500 377,511
3,019,637 2,959,152
CREDITORS
Amounts falling due within one year 6 1,527,904 1,708,469
NET CURRENT ASSETS 1,491,733 1,250,683
TOTAL ASSETS LESS CURRENT LIABILITIES 1,527,853 1,296,498

CREDITORS
Amounts falling due after more than one
year

7

(254,100

)

(250,843

)

PROVISIONS FOR LIABILITIES (5,299 ) (5,247 )
NET ASSETS 1,268,454 1,040,408

CAPITAL AND RESERVES
Called up share capital 1,500 1,500
Profit and loss account 1,266,954 1,038,908
1,268,454 1,040,408

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.

JORDANS SOLICITORS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 12118004)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 July 2024 and were signed on its behalf by:




Christine Sands - Director



Sukhbeer Shergill - Director


JORDANS SOLICITORS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 12118004)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Jordans Solicitors (Yorkshire) 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 reducing balance

WORK IN PROGRESS
Work in progress is valued at the recoverable fee amount based on costs and time incurred on services to the year end date.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

JORDANS SOLICITORS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 12118004)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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.

INCOME RECOGNITION
Income is recognised when services have been performed for clients such that the client has benefitted from that service provided.

FINANCE COSTS OF DEBT
The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 72 (2022 - 75 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023 119,303
Additions 2,350
At 31 December 2023 121,653
DEPRECIATION
At 1 January 2023 73,488
Charge for year 12,045
At 31 December 2023 85,533
NET BOOK VALUE
At 31 December 2023 36,120
At 31 December 2022 45,815

JORDANS SOLICITORS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 12118004)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 746,124 823,222
Other debtors 349,936 206,714
1,096,060 1,029,936

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 219,406 225,500
Trade creditors 156,005 190,298
Taxation and social security 307,276 241,749
Other creditors 845,217 1,050,922
1,527,904 1,708,469

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 254,100 250,843

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 139,911 109,960
Between one and five years 350,127 155,081
In more than five years 2,250 14,417
492,288 279,458

JORDANS SOLICITORS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 12118004)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 201,355 113,843
Other loan - 62,500
201,355 176,343

The bank overdraft is secured on a debenture against the assets of the company and personal guarantees from C Sands and S Shergill.

The other loan is a Coronavirus Business Interruption Loan which has government backed security.

10. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £152,187 (2022: £279,905). Contributions totalling £7,969 (2022: £7,580) were payable to the fund at the year end and are included in creditors.

11. RELATED PARTY DISCLOSURES

As at 31 December 2023 the amount owed to the directors by way of their loan accounts was £353,685 (2022: £503,229).