Company Registration No. 09905135 (England and Wales)
Frank Smith & Co Solicitors Limited
Unaudited accounts
for the year ended 31 March 2024
Frank Smith & Co Solicitors Limited
Unaudited accounts
Contents
Frank Smith & Co Solicitors Limited
Company Information
for the year ended 31 March 2024
Directors
Frank Richard Smith
Nicholas Anthony Woodward
Company Number
09905135 (England and Wales)
Registered Office
Essex House
18 Rodney Road
Cheltenham
GL50 1JJ
England
Accountants
Ellingsworths Ltd
Blacksmiths House
High Street
Chipping Campden
Gloucestershire
GL556AT
Frank Smith & Co Solicitors Limited
Statement of financial position
as at 31 March 2024
Tangible assets
52,857
49,464
Cash at bank and in hand
57,890
105,829
Creditors: amounts falling due within one year
(55,764)
(70,987)
Net current assets
176,591
197,267
Total assets less current liabilities
229,448
246,731
Provisions for liabilities
Other provisions
(6,368)
(7,509)
Net assets
223,080
239,222
Called up share capital
100
100
Profit and loss account
222,980
239,122
Shareholders' funds
223,080
239,222
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 31 October 2024 and were signed on its behalf by
Frank Richard Smith
Director
Company Registration No. 09905135
Frank Smith & Co Solicitors Limited
Notes to the Accounts
for the year ended 31 March 2024
Frank Smith & Co Solicitors Limited is a private company, limited by shares, registered in England and Wales, registration number 09905135. The registered office is Essex House, 18 Rodney Road, Cheltenham, GL50 1JJ, England.
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:
Land & buildings
10% straight line
Fixtures & fittings
20% straight line
Computer equipment
33.33% straight line
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
28,681
18,638
20,760
68,079
Additions
11,143
2,934
-
14,077
At 31 March 2024
39,824
21,572
20,760
82,156
At 1 April 2023
1,589
7,849
9,177
18,615
Charge for the year
3,410
2,856
4,418
10,684
At 31 March 2024
4,999
10,705
13,595
29,299
At 31 March 2024
34,825
10,867
7,165
52,857
At 31 March 2023
27,092
10,789
11,583
49,464
Frank Smith & Co Solicitors Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
58,338
114,094
Other debtors
116,127
48,331
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
28,962
43,879
Other creditors
10,984
27,108
7
Operating lease commitments
2024
2023
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
4,202
4,200
Later than one year and not later than five years
13,815
-
8
Average number of employees
During the year the average number of employees was 10 (2023: 8).