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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
Page
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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
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Frank Smith & Co Solicitors Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
52,857 
49,464 
Current assets
Debtors
174,465 
162,425 
Cash at bank and in hand
57,890 
105,829 
232,355 
268,254 
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 
Capital and reserves
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
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Frank Smith & Co Solicitors Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
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 as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 March 2024
34,825 
10,867 
7,165 
52,857 
At 31 March 2023
27,092 
10,789 
11,583 
49,464 
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Frank Smith & Co Solicitors Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
58,338 
114,094 
Other debtors
116,127 
48,331 
174,465 
162,425 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
15,818 
- 
Taxes and social security
28,962 
43,879 
Other creditors
10,984 
27,108 
55,764 
70,987 
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 
- 
18,017 
4,200 
8
Average number of employees
During the year the average number of employees was 10 (2023: 8).
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