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DORIANS SOLICITORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






DORIANS SOLICITORS LIMITED (REGISTERED NUMBER: 07318571)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DORIANS SOLICITORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: F L Dorian





REGISTERED OFFICE: Wyvern Chambers
Wyvern Court,
Stanier Way
Derby
Derbyshire
DE21 6BF





REGISTERED NUMBER: 07318571 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

DORIANS SOLICITORS LIMITED (REGISTERED NUMBER: 07318571)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,631 3,190
6,631 3,190

CURRENT ASSETS
Stocks 6 - 126,541
Debtors 7 1,022,851 955,664
Cash at bank and in hand 236,028 33,923
1,258,879 1,116,128
CREDITORS
Amounts falling due within one year 8 638,987 682,347
NET CURRENT ASSETS 619,892 433,781
TOTAL ASSETS LESS CURRENT LIABILITIES 626,523 436,971

CREDITORS
Amounts falling due after more than one
year

9

(66,568

)

(135,458

)

PROVISIONS FOR LIABILITIES 11 (1,400 ) (531 )
NET ASSETS 558,555 300,982

CAPITAL AND RESERVES
Called up share capital 12 1 1
Retained earnings 558,554 300,981
SHAREHOLDERS' FUNDS 558,555 300,982

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DORIANS SOLICITORS LIMITED (REGISTERED NUMBER: 07318571)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2024 and were signed by:





F L Dorian - Director


DORIANS SOLICITORS LIMITED (REGISTERED NUMBER: 07318571)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Dorians Solicitors Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Work in progress
Work in progress is valued at the lower of cost and net realisable value, and represents the costs incurred in connection with work performed on long term contracts where the stage of completion is insufficient for the profit to be recognised in this period.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 have been enacted or substantively enacted by the balance sheet date.


DORIANS SOLICITORS LIMITED (REGISTERED NUMBER: 07318571)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued
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.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 52,740
AMORTISATION
At 1 March 2023
and 29 February 2024 52,740
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

DORIANS SOLICITORS LIMITED (REGISTERED NUMBER: 07318571)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023 15,381
Additions 5,353
Disposals (2,740 )
At 29 February 2024 17,994
DEPRECIATION
At 1 March 2023 12,191
Charge for year 1,912
Eliminated on disposal (2,740 )
At 29 February 2024 11,363
NET BOOK VALUE
At 29 February 2024 6,631
At 28 February 2023 3,190

6. STOCKS
2024 2023
£    £   
Work-in-progress - 126,541

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 553,532 562,651
Other debtors 469,319 393,013
1,022,851 955,664

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 65,889 56,526
Trade creditors 72,100 130,172
Taxation and social security 180,973 67,915
Other creditors 320,025 427,734
638,987 682,347

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 66,568 135,458

DORIANS SOLICITORS LIMITED (REGISTERED NUMBER: 07318571)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 20,400 20,400

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,400 531

Deferred
tax
£   
Balance at 1 March 2023 531
Provided during year 869
Balance at 29 February 2024 1,400

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
F L Dorian
Balance outstanding at start of year 142,375 103,469
Amounts advanced 189,811 174,796
Amounts repaid (153,698 ) (135,890 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 178,488 142,375