Company Registration No. 08290203 (England and Wales)
Newmans Solicitors Limited
Unaudited accounts
for the year ended 31 March 2024
Newmans Solicitors Limited
Unaudited accounts
Contents
Newmans Solicitors Limited
Company Information
for the year ended 31 March 2024
Directors
Farida Goodman
Saira Babar
Company Number
08290203 (England and Wales)
Registered Office
1 High Street
Horley
Surrey
RH6 7BE
Accountants
Alpha Advisors
60 Woodcote Hurst
Epsom
Surrey
KT18 7DT
Newmans Solicitors Limited
Statement of financial position
as at 31 March 2024
Tangible assets
13,631
15,075
Cash at bank and in hand
553,371
1,509,387
Creditors: amounts falling due within one year
(606,245)
(1,160,754)
Net current assets
461,465
409,788
Net assets
475,096
424,863
Called up share capital
1
1
Profit and loss account
475,095
424,862
Shareholders' funds
475,096
424,863
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2024 and were signed on its behalf by
Saira Babar
Director
Company Registration No. 08290203
Newmans Solicitors Limited
Notes to the Accounts
for the year ended 31 March 2024
Newmans Solicitors Limited is a private company, limited by shares, registered in England and Wales, registration number 08290203. The registered office is 1 High Street , Horley, Surrey, RH6 7BE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates on a reducing balance basis:-
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.
4
Tangible fixed assets
Total
5
Transactions with related parties
Included in Other Debtors is a loan of £452,171 to Miraj Properties Ltd., a company in which a Director of Newmans Solicitors, Saira Babar is a Director, and in which an Employee of Newmans Solicitors, Melkum Babar, is a Director and controlling Shareholder.
Newmans Solicitors Limited
Notes to the Accounts
for the year ended 31 March 2024
6
Average number of employees
During the year the average number of employees was 9 (2023: 9).