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REGISTERED NUMBER: 06431083 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Purdys Solicitors Limited
Trading as
Purdys Solicitors

Purdys Solicitors Limited (Registered number: 06431083)
Trading as Purdys Solicitors






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


Purdys Solicitors Limited
Trading as Purdys Solicitors

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Ms K L Purdy





SECRETARY: T Hornbuckle





REGISTERED OFFICE: Felix House
61a Cambridge Road
Wimpole
Royston
Cambridgeshire
SG8 5QD





REGISTERED NUMBER: 06431083 (England and Wales)





ACCOUNTANTS: Knights Lowe Chartered Accountants
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR

Purdys Solicitors Limited (Registered number: 06431083)
Trading as Purdys Solicitors

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,990 1,596
2,990 1,596

CURRENT ASSETS
Debtors 6 123,306 148,212
Cash at bank and in hand 57,167 52,331
180,473 200,543
CREDITORS
Amounts falling due within one year 7 111,090 127,123
NET CURRENT ASSETS 69,383 73,420
TOTAL ASSETS LESS CURRENT LIABILITIES 72,373 75,016

CREDITORS
Amounts falling due after more than one
year

8

(16,750

)

(31,750

)

PROVISIONS FOR LIABILITIES 9 (686 ) (355 )
NET ASSETS 54,937 42,911

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 54,936 42,910
SHAREHOLDERS' FUNDS 54,937 42,911

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 director acknowledges her 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.

Purdys Solicitors Limited (Registered number: 06431083)
Trading as Purdys Solicitors

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 director and authorised for issue on 29 October 2024 and were signed by:





Ms K L Purdy - Director


Purdys Solicitors Limited (Registered number: 06431083)
Trading as Purdys Solicitors

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Purdys 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net invoiced sales of services, excluding value added tax. Fees are recognised as earned when the company obtains the right to receive consideration in return for its performance under its contracts.

For incomplete contracts, revenue is recognised to reflect the accrual of the right to consideration as contract activity progresses. This amount will reflect the value of the services provided as a proportion of the total value of the contract. Revenue in respect of contingent fee engagements is recognised when the contingent event occurs and recoverability of the fee is assured.

Goodwill
Goodwill, being the amount paid on the transfer of a sole trader business to the limited company in 2008, has been amortised evenly over its useful life of 10 years.

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
Computer equipment - 4 years straight line

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.

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.

Purdys Solicitors Limited (Registered number: 06431083)
Trading as Purdys Solicitors

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

Impairment
At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments but excluding investment properties, are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in the income statement.

Financial instruments
All of the company's financial instruments are considered to be basic. Basic financial instruments are recognised at amortised cost.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 30,000
AMORTISATION
At 1 April 2023
and 31 March 2024 30,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Purdys Solicitors Limited (Registered number: 06431083)
Trading as Purdys Solicitors

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 7,781
Additions 2,192
Disposals (1,193 )
At 31 March 2024 8,780
DEPRECIATION
At 1 April 2023 6,185
Charge for year 798
Eliminated on disposal (1,193 )
At 31 March 2024 5,790
NET BOOK VALUE
At 31 March 2024 2,990
At 31 March 2023 1,596

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 113,910 138,569
Other debtors 9,396 9,643
123,306 148,212

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,000 3,000
Trade creditors 15,884 34,763
Taxation and social security 33,189 30,734
Other creditors 59,017 58,626
111,090 127,123

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 3,750 6,750
Other creditors 13,000 25,000
16,750 31,750

Purdys Solicitors Limited (Registered number: 06431083)
Trading as Purdys Solicitors

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 686 355

Deferred
tax
£   
Balance at 1 April 2023 355
Charge to Income Statement during year 331
Balance at 31 March 2024 686

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1