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REGISTERED NUMBER: 07546805 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

GARDEN HOUSE SOLICITORS LTD

GARDEN HOUSE SOLICITORS LTD (REGISTERED NUMBER: 07546805)






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


GARDEN HOUSE SOLICITORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs P E Ling





REGISTERED OFFICE: Garden House
23 London Road
Hertford
Herts
SG13 7LG





REGISTERED NUMBER: 07546805 (England and Wales)





ACCOUNTANTS: Bradshaw Johnson
Chartered Accountants
Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ

GARDEN HOUSE SOLICITORS LTD (REGISTERED NUMBER: 07546805)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,447 6,994
7,447 6,994

CURRENT ASSETS
Debtors 6 375,588 361,566
Cash at bank and in hand 3,529 152,535
379,117 514,101
CREDITORS
Amounts falling due within one year 7 116,350 242,572
NET CURRENT ASSETS 262,767 271,529
TOTAL ASSETS LESS CURRENT
LIABILITIES

270,214

278,523

PROVISIONS FOR LIABILITIES 1,415 1,329
NET ASSETS 268,799 277,194

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 268,699 277,094
SHAREHOLDERS' FUNDS 268,799 277,194

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.

GARDEN HOUSE SOLICITORS LTD (REGISTERED NUMBER: 07546805)

STATEMENT OF FINANCIAL POSITION - 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 30 September 2024 and were signed by:





Mrs P E Ling - Director


GARDEN HOUSE SOLICITORS LTD (REGISTERED NUMBER: 07546805)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Garden House Solicitors Ltd 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 net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of 10 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Commercial vehicle - 25% on reducing balance
Computer equipment - 33% 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 statement of financial position date.

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.

GARDEN HOUSE SOLICITORS LTD (REGISTERED NUMBER: 07546805)

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 410,000
AMORTISATION
At 1 April 2023
and 31 March 2024 410,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Commercial Computer
machinery fittings vehicle equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 5,442 10,683 3,250 43,736 63,111
Additions - - - 2,096 2,096
At 31 March 2024 5,442 10,683 3,250 45,832 65,207
DEPRECIATION
At 1 April 2023 4,664 8,097 2,431 40,925 56,117
Charge for year 142 362 183 956 1,643
At 31 March 2024 4,806 8,459 2,614 41,881 57,760
NET BOOK VALUE
At 31 March 2024 636 2,224 636 3,951 7,447
At 31 March 2023 778 2,586 819 2,811 6,994

GARDEN HOUSE SOLICITORS LTD (REGISTERED NUMBER: 07546805)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 261,529 257,335
Amounts recoverable on contract 90,925 82,131
Other debtors - 1,750
Prepayments 23,134 20,350
375,588 361,566

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 4,118 48,924
Social security and other taxes - (1,444 )
VAT 2,545 44,418
Other creditors 62,838 89,986
Directors' loan accounts 46,849 60,688
116,350 242,572

8. SECURED DEBTS

The company has a £50,000 overdraft facility which the director, P E Ling, has secured personally.