Company Registration No. 10273842 (England and Wales)
Pickford Solicitors Limited
Unaudited accounts
for the year ended 31 March 2024
Pickford Solicitors Limited
Unaudited accounts
Contents
Pickford Solicitors Limited
Company Information
for the year ended 31 March 2024
Directors
Mr Parthiv B Patel
Mr J Singh
Mr B S Guest
Mrs Sinead Teague
Company Number
10273842 (England and Wales)
Registered Office
1D Mitre Court
38 Lichfield Road
Sutton Coldfield
Birmingham
B74 2NJ
Accountants
Sharman Fielding
The Oval
57 New Walk
Leicester
Leicestershire
LE1 7EA
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Pickford Solicitors Limited for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Pickford Solicitors Limited for the year ended
31 March 2024 as set out on pages
5 -
7 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 at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Pickford Solicitors Limited, as a body, in accordance with the terms of our engagement letter dated 1 April 2018. Our work has been undertaken solely to prepare for your approval the accounts of Pickford Solicitors Limited and state those matters that we have agreed to state to the Board of Directors of Pickford Solicitors Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pickford Solicitors Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Pickford Solicitors Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Pickford Solicitors Limited. You consider that Pickford 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 accounts of Pickford 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 accounts.
Sharman Fielding
Chartered Accountants
The Oval
57 New Walk
Leicester
Leicestershire
LE1 7EA
10 November 2024
Pickford Solicitors Limited
Statement of financial position
as at 31 March 2024
Intangible assets
65,000
85,000
Tangible assets
45,941
47,741
Cash at bank and in hand
75,174
163,460
Creditors: amounts falling due within one year
(404,873)
(385,370)
Net current liabilities
(73,132)
(29,737)
Total assets less current liabilities
37,809
103,004
Creditors: amounts falling due after more than one year
(83,528)
(176,113)
Net liabilities
(45,719)
(73,109)
Called up share capital
100
100
Profit and loss account
(45,819)
(73,209)
Shareholders' funds
(45,719)
(73,109)
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.
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 10 November 2024 and were signed on its behalf by
Mr Parthiv B Patel
Director
Company Registration No. 10273842
Pickford Solicitors Limited
Notes to the Accounts
for the year ended 31 March 2024
Pickford Solicitors Limited is a private company, limited by shares, registered in England and Wales, registration number 10273842. The registered office is 1D Mitre Court, 38 Lichfield Road, Sutton Coldfield, Birmingham, B74 2NJ.
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 in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% on reducing balance
Computer equipment
25% on reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Charge for the year
20,000
Pickford Solicitors Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
46,918
21,599
68,517
Additions
1,388
5,971
7,359
At 31 March 2024
48,306
27,570
75,876
At 1 April 2023
10,084
10,692
20,776
Charge for the year
5,674
3,485
9,159
At 31 March 2024
15,758
14,177
29,935
At 31 March 2024
32,548
13,393
45,941
At 31 March 2023
36,834
10,907
47,741
Amounts falling due within one year
Trade debtors
94,737
62,420
Accrued income and prepayments
70,480
55,318
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
30,551
30,400
Obligations under finance leases and hire purchase contracts
-
6,274
Trade creditors
81,267
27,691
Amounts owed to group undertakings and other participating interests
64,091
62,508
Taxes and social security
30,091
19,896
Loans from directors
5,000
13,500
8
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
30,900
98,900
9
Average number of employees
During the year the average number of employees was 17 (2023: 18).