1 March 2023 false No description of principal activity Taxfiler 2024.6 SC526803business:PrivateLimitedCompanyLtd2023-03-012024-02-29 SC5268032023-02-28 SC5268032023-03-012024-02-29 SC526803business:AuditExemptWithAccountantsReport2023-03-012024-02-29 SC526803business:FilletedAccounts2023-03-012024-02-29 SC5268032024-02-29 SC526803business:Director12023-03-012024-02-29 SC526803business:RegisteredOffice2023-03-012024-02-29 SC5268032023-02-28 SC526803core:WithinOneYear2024-02-29 SC526803core:WithinOneYear2023-02-28 SC526803core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 SC526803core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 SC526803core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 SC526803core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 SC526803core:PreviouslyStatedAmount2024-02-29 SC526803core:PreviouslyStatedAmount2023-02-28 SC526803business:SmallEntities2023-03-012024-02-29 SC526803countries:Scotland2023-03-012024-02-29 SC526803core:FurnitureFittings2023-03-012024-02-29 SC526803core:ComputerEquipment2023-03-012024-02-29 SC526803core:FurnitureFittings2023-02-28 SC526803core:ComputerEquipment2023-02-28 SC526803core:FurnitureFittings2024-02-29 SC526803core:ComputerEquipment2024-02-29 SC5268032022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. SC526803 (Scotland)
Nisbets Solicitors Limited Unaudited accounts for the year ended 29 February 2024
Nisbets Solicitors Limited Unaudited accounts Contents
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Nisbets Solicitors Limited Company Information for the year ended 29 February 2024
Director
J Nisbet
Company Number
SC526803 (Scotland)
Registered Office
89 Morningside Road Edinburgh EH10 4AY
Accountants
Assenti & Noble Ltd 18 Mosshead Road Bearsden Glasgow G61 3HN
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Nisbets Solicitors Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,795 
5,286 
Current assets
Debtors
200,186 
117,528 
Cash at bank and in hand
382,222 
371,785 
582,408 
489,313 
Creditors: amounts falling due within one year
(285,947)
(283,045)
Net current assets
296,461 
206,268 
Net assets
301,256 
211,554 
Capital and reserves
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
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Nisbets Solicitors Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 
Additions
1,043 
465 
1,508 
At 29 February 2024
8,476 
8,456 
16,932 
Depreciation
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 
Net book value
At 29 February 2024
2,036 
2,759 
4,795 
At 28 February 2023
1,779 
3,507 
5,286 
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Nisbets Solicitors Limited Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
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 
200,186 
117,528 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
36,760 
15,296 
Taxes and social security
39,887 
22,685 
Other creditors
176,249 
212,525 
Loans from directors
32,634 
32,289 
Accruals
417 
250 
285,947 
283,045 
7
Average number of employees
During the year the average number of employees was 3 (2023: 1).
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