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REGISTERED NUMBER: 07959383 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Susan Howarth & Co Solicitors Ltd

Susan Howarth & Co Solicitors Ltd (Registered number: 07959383)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Susan Howarth & Co Solicitors Ltd

Company Information
for the year ended 31 May 2024







DIRECTORS: Mrs S Howarth
Mrs VJP Poole
Miss J V Holmes
Mrs N L Deakin





REGISTERED OFFICE: 41 Chester Way
Northwich
Cheshire
CW9 5JE





REGISTERED NUMBER: 07959383 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

Susan Howarth & Co Solicitors Ltd (Registered number: 07959383)

Balance Sheet
31 May 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 11,050 22,100
Tangible assets 5 27,441 20,042
38,491 42,142

CURRENT ASSETS
Debtors 6 142,181 213,345
Cash at bank and in hand 404,297 195,902
546,478 409,247
CREDITORS
Amounts falling due within one year 7 (142,081 ) (60,839 )
NET CURRENT ASSETS 404,397 348,408
TOTAL ASSETS LESS CURRENT
LIABILITIES

442,888

390,550

CAPITAL AND RESERVES
Called up share capital 1 1
Capital redemption reserve 1 1
Retained earnings 442,886 390,548
SHAREHOLDERS' FUNDS 442,888 390,550

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





Mrs S Howarth - Director


Susan Howarth & Co Solicitors Ltd (Registered number: 07959383)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Susan Howarth & Co Solicitors Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts chargeable to clients for professional services provided during the year, inclusive of direct expenses incurred on client assignments but excluding value added tax. Turnover is recognised when a right to consideration has been obtained through performance under each contract. Consideration accrues as contract activity progresses by reference to the value of work performed.

Turnover is not recognised where the right to receive payment is contingent on events outside the control of the company. Unbilled revenue is included in debtors within accrued income.

Goodwill
Goodwill being the amount paid in connection with the acquisition of a business in 2012. In 2016 the directors conducted a review of goodwill and recalculated the amortisation period to have a remaining useful life of 10 years. The balance of the goodwill is now being amortised evenly over the remaining 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

All fixed assets are stated at cost less accumulated depreciation.

Depreciation on all assets is calculate to allocate the depreciable amount to their residual values over their estimate useful lives as follows:

Office equipment, fixtures & fittings25% on cost and 25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Susan Howarth & Co Solicitors Ltd (Registered number: 07959383)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Share capital
Ordinary shares are classed as equity.

Distribution to equity holders
Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by teh company's shareholders. These amounts are recognised in the statement of changes in equity.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Loan and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 June 2023
and 31 May 2024 130,000
AMORTISATION
At 1 June 2023 107,900
Charge for year 11,050
At 31 May 2024 118,950
NET BOOK VALUE
At 31 May 2024 11,050
At 31 May 2023 22,100

Susan Howarth & Co Solicitors Ltd (Registered number: 07959383)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 June 2023 68,987
Additions 17,643
At 31 May 2024 86,630
DEPRECIATION
At 1 June 2023 48,945
Charge for year 10,244
At 31 May 2024 59,189
NET BOOK VALUE
At 31 May 2024 27,441
At 31 May 2023 20,042

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 61,900 129,608
Other debtors 80,281 83,737
142,181 213,345

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 44,813 23,053
Taxation and social security 97,268 37,786
142,081 60,839

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 33,866 33,259
Between one and five years 125,334 126,145
In more than five years - 30,000
159,200 189,404

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs S Howarth.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Susan Howarth & Co Solicitors Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Susan Howarth & Co Solicitors Ltd for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Susan Howarth & Co Solicitors Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Susan Howarth & Co Solicitors Ltd and state those matters that we have agreed to state to the Board of Directors of Susan Howarth & Co Solicitors Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Susan Howarth & Co Solicitors Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Susan Howarth & Co Solicitors Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Susan Howarth & Co Solicitors Ltd. You consider that Susan Howarth & Co Solicitors Ltd 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 financial statements of Susan Howarth & Co Solicitors Ltd. 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 financial statements.






Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE


26 November 2024