Company Registration No. SC526803 (Scotland)
Nisbets Solicitors Limited
Unaudited accounts
for the year ended 29 February 2024
Nisbets Solicitors Limited
Unaudited accounts
Contents
Nisbets Solicitors Limited
Company Information
for the year ended 29 February 2024
Company Number
SC526803 (Scotland)
Registered Office
89 Morningside Road
Edinburgh
EH10 4AY
Accountants
Assenti & Noble Ltd
18 Mosshead Road
Bearsden
Glasgow
G61 3HN
Nisbets Solicitors Limited
Statement of financial position
as at 29 February 2024
Tangible assets
4,795
5,286
Cash at bank and in hand
382,222
371,785
Creditors: amounts falling due within one year
(285,947)
(283,045)
Net current assets
296,461
206,268
Net assets
301,256
211,554
Called up share capital
1
1
Profit and loss account
301,255
211,553
Shareholders' funds
301,256
211,554
For the year ending 29 February 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 and authorised for issue on 7 November 2024 and were signed on its behalf by
J Nisbet
Director
Company Registration No. SC526803
Nisbets Solicitors Limited
Notes to the Accounts
for the year ended 29 February 2024
Nisbets Solicitors Limited is a private company, limited by shares, registered in Scotland, registration number SC526803. The registered office is 89 Morningside Road, Edinburgh, EH10 4AY.
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.
The accounts are presented in £ sterling.
Turnover represents invoiced fees to external customers, excluding value added tax, and includes estimates in respect of on-going contracts not invoiced by reference to stage of completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
7,433
7,991
15,424
At 29 February 2024
8,476
8,456
16,932
At 1 March 2023
5,654
4,484
10,138
Charge for the year
786
1,213
1,999
At 29 February 2024
6,440
5,697
12,137
At 29 February 2024
2,036
2,759
4,795
At 28 February 2023
1,779
3,507
5,286
Nisbets Solicitors Limited
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
102,303
42,592
Accrued income and prepayments
48,259
26,242
Other debtors
49,624
48,694
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
39,887
22,685
Other creditors
176,249
212,525
Loans from directors
32,634
32,289
7
Average number of employees
During the year the average number of employees was 3 (2023: 1).