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REGISTERED NUMBER: 10731478 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

AWB Charlesworth Solicitors Limited

AWB Charlesworth Solicitors Limited (Registered number: 10731478)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

AWB Charlesworth Solicitors Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J A Dunn
D T M Hayes
D A Tear
U Vietri
F R J Green
M Shaw
Mrs J Eaglesfield
Mrs J S Barron
C T Cooper





REGISTERED OFFICE: Aireside House
Aireside Business Park
KEIGHLEY
West Yorkshire
BD21 4BZ





REGISTERED NUMBER: 10731478 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

AWB Charlesworth Solicitors Limited (Registered number: 10731478)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Intangible assets 5 126,000 168,000
Tangible assets 6 39,315 41,421
165,315 209,421

CURRENT ASSETS
Stocks 7 622,806 573,047
Debtors 8 499,811 493,176
Cash at bank and in hand 728,811 578,553
1,851,428 1,644,776
CREDITORS
Amounts falling due within one year 9 (412,767 ) (470,687 )
NET CURRENT ASSETS 1,438,661 1,174,089
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,603,976

1,383,510

PROVISIONS FOR LIABILITIES 10 (9,829 ) (7,870 )
NET ASSETS 1,594,147 1,375,640

CAPITAL AND RESERVES
Called up share capital 522 502
Capital redemption reserve (23,081 ) (23,081 )
Retained earnings 1,616,706 1,398,219
SHAREHOLDERS' FUNDS 1,594,147 1,375,640

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.

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 Statement of Income and Retained Earnings has not been delivered.

AWB Charlesworth Solicitors Limited (Registered number: 10731478)

Statement of Financial Position - continued
31 March 2024



The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by:





U Vietri - Director


AWB Charlesworth Solicitors Limited (Registered number: 10731478)

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

1. STATUTORY INFORMATION

AWB Charlesworth 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


AWB Charlesworth Solicitors Limited (Registered number: 10731478)

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

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2023 - 52 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 420,000
AMORTISATION
At 1 April 2023 252,000
Amortisation for year 42,000
At 31 March 2024 294,000
NET BOOK VALUE
At 31 March 2024 126,000
At 31 March 2023 168,000

AWB Charlesworth Solicitors Limited (Registered number: 10731478)

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

6. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 19,786 15,988 47,728 83,502
Additions - 13,264 3,245 16,509
At 31 March 2024 19,786 29,252 50,973 100,011
DEPRECIATION
At 1 April 2023 - 8,221 33,860 42,081
Charge for year - 5,258 13,357 18,615
At 31 March 2024 - 13,479 47,217 60,696
NET BOOK VALUE
At 31 March 2024 19,786 15,773 3,756 39,315
At 31 March 2023 19,786 7,767 13,868 41,421

7. STOCKS
31.3.24 31.3.23
£    £   
Work-in-progress 622,806 573,047

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 326,440 368,736
Directors' current accounts 46,563 6,544
Prepayments 126,808 117,896
499,811 493,176

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 10,208 11,778
Tax 219,921 162,730
Social security and other taxes 131,868 125,505
Other creditors 26,392 161,253
Directors' current accounts 20,878 5,921
Accrued expenses 3,500 3,500
412,767 470,687

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 9,829 7,870

AWB Charlesworth Solicitors Limited (Registered number: 10731478)

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

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 7,870
Provided during year 1,959
Balance at 31 March 2024 9,829

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
AWB Charlesworth Solicitors Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AWB Charlesworth Solicitors Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of AWB Charlesworth Solicitors Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of AWB Charlesworth Solicitors Limited and state those matters that we have agreed to state to the Board of Directors of AWB Charlesworth Solicitors Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AWB Charlesworth Solicitors Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that AWB Charlesworth Solicitors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of AWB Charlesworth Solicitors Limited. You consider that AWB Charlesworth Solicitors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of AWB Charlesworth Solicitors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


30 September 2024