IRIS Accounts Production v24.1.4.33 SC642946 Board of Directors Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6429462022-12-31SC6429462023-12-31SC6429462023-01-012023-12-31SC6429462021-12-31SC6429462022-01-012022-12-31SC6429462022-12-31SC642946ns15:Scotland2023-01-012023-12-31SC642946ns14:PoundSterling2023-01-012023-12-31SC642946ns10:Director12023-01-012023-12-31SC642946ns10:Director22023-01-012023-12-31SC642946ns10:Director32023-01-012023-12-31SC642946ns10:PrivateLimitedCompanyLtd2023-01-012023-12-31SC642946ns10:SmallEntities2023-01-012023-12-31SC642946ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-31SC642946ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31SC642946ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC642946ns10:FullAccounts2023-01-012023-12-31SC64294612023-01-012023-12-31SC642946ns10:OrdinaryShareClass12023-01-012023-12-31SC642946ns10:RegisteredOffice2023-01-012023-12-31SC642946ns5:CurrentFinancialInstruments2023-12-31SC642946ns5:CurrentFinancialInstruments2022-12-31SC642946ns5:Non-currentFinancialInstruments2023-12-31SC642946ns5:Non-currentFinancialInstruments2022-12-31SC642946ns5:ShareCapital2023-12-31SC642946ns5:ShareCapital2022-12-31SC642946ns5:RetainedEarningsAccumulatedLosses2023-12-31SC642946ns5:RetainedEarningsAccumulatedLosses2022-12-31SC642946ns5:NetGoodwill2023-01-012023-12-31SC642946ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-31SC642946ns5:FurnitureFittings2023-01-012023-12-31SC642946ns5:NetGoodwill2022-12-31SC642946ns5:NetGoodwill2023-12-31SC642946ns5:NetGoodwill2022-12-31SC642946ns5:FurnitureFittings2022-12-31SC642946ns5:FurnitureFittings2023-12-31SC642946ns5:FurnitureFittings2022-12-31SC642946ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31SC642946ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31SC642946ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: SC642946 (Scotland)












Financial Statements

for the Year Ended 31 December 2023

for

JC Hughes Solicitors Limited

JC Hughes Solicitors Limited (Registered number: SC642946)






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


JC Hughes Solicitors Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M Connolly
I M McClelland
J A McLaughlin





REGISTERED OFFICE: Radleigh House
1 Golf Road
Clarkston
United Kingdom
G76 7HU





REGISTERED NUMBER: SC642946 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

JC Hughes Solicitors Limited (Registered number: SC642946)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 102,000 119,000
Property, plant and equipment 5 14,080 15,860
116,080 134,860

CURRENT ASSETS
Inventories 31,948 25,078
Debtors 6 18,589 12,511
Cash at bank and in hand 259,978 212,717
310,515 250,306
CREDITORS
Amounts falling due within one year 7 230,127 222,746
NET CURRENT ASSETS 80,388 27,560
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,468

162,420

CREDITORS
Amounts falling due after more than one year 8 (15,054 ) (25,075 )

PROVISIONS FOR LIABILITIES (3,520 ) (3,013 )
NET ASSETS 177,894 134,332

CAPITAL AND RESERVES
Called up share capital 9 300 300
Retained earnings 177,594 134,032
SHAREHOLDERS' FUNDS 177,894 134,332

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.

JC Hughes Solicitors Limited (Registered number: SC642946)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:




J A McLaughlin - Director I M McClelland - Director




M Connolly - Director


JC Hughes Solicitors Limited (Registered number: SC642946)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

JC Hughes 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.

Going concern
The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Turnover is recognised at the fair value of the consideration received or receivable in providing legal services, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account discounts and settlement discounts..
Turnover is recognised when the risks and rewards of the service have passed to the customer, when the amount of revenue can be measured reliably, and when it is considered probably that the economic benefits associated with the transaction will flow to the company.
The company uses the percentage of completion method based on the actual service performed as a percentage of the total services to be provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% 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.


JC Hughes Solicitors Limited (Registered number: SC642946)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

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.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 170,000
AMORTISATION
At 1 January 2023 51,000
Amortisation for year 17,000
At 31 December 2023 68,000
NET BOOK VALUE
At 31 December 2023 102,000
At 31 December 2022 119,000

JC Hughes Solicitors Limited (Registered number: SC642946)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 January 2023 24,058
Additions 675
At 31 December 2023 24,733
DEPRECIATION
At 1 January 2023 8,198
Charge for year 2,455
At 31 December 2023 10,653
NET BOOK VALUE
At 31 December 2023 14,080
At 31 December 2022 15,860

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,589 10,961
Other debtors 2,000 1,550
18,589 12,511

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 25,726 27,321
Taxation and social security 116,916 92,100
Other creditors 87,485 103,325
230,127 222,746

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,054 25,075

JC Hughes Solicitors Limited (Registered number: SC642946)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
300 Ordinary £1 300 300