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REGISTERED NUMBER: 08748638 (England and Wales)















BARNES MARSLAND SOLICITORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






BARNES MARSLAND SOLICITORS LIMITED (REGISTERED NUMBER: 08748638)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BARNES MARSLAND SOLICITORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Miss J Miles
Mrs J M Mackenzie





REGISTERED OFFICE: 103 High Street
Broadstairs
Kent
CT10 1JS





REGISTERED NUMBER: 08748638 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

BARNES MARSLAND SOLICITORS LIMITED (REGISTERED NUMBER: 08748638)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 932 2,100
932 2,100

CURRENT ASSETS
Debtors 6 220,381 177,972
Cash at bank and in hand 97,474 81,886
317,855 259,858
CREDITORS
Amounts falling due within one year 7 (135,262 ) (131,471 )
NET CURRENT ASSETS 182,593 128,387
TOTAL ASSETS LESS CURRENT
LIABILITIES

183,525

130,487

CREDITORS
Amounts falling due after more than one
year

8

(91,667

)

(35,493

)
NET ASSETS 91,858 94,994

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 91,856 94,992
SHAREHOLDERS' FUNDS 91,858 94,994

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

BARNES MARSLAND SOLICITORS LIMITED (REGISTERED NUMBER: 08748638)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:




Miss J Miles - Director



Mrs J M Mackenzie - Director


BARNES MARSLAND SOLICITORS LIMITED (REGISTERED NUMBER: 08748638)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Barnes Marsland 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.

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 2015, is being amortised evenly over its estimated useful life of three 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.
Fixture & Fittings - 15% on cost
Computer equipment - 25% on cost

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.

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.

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.

BARNES MARSLAND SOLICITORS LIMITED (REGISTERED NUMBER: 08748638)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 14,998
AMORTISATION
At 1 April 2023
and 31 March 2024 14,998
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixture & Computer
Fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 14,189 13,524 27,713
DEPRECIATION
At 1 April 2023 13,226 12,387 25,613
Charge for year 658 510 1,168
At 31 March 2024 13,884 12,897 26,781
NET BOOK VALUE
At 31 March 2024 305 627 932
At 31 March 2023 963 1,137 2,100

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 62,495 35,294
Accrued income 119,262 92,732
Other debtors 35,545 42,483
217,302 170,509

BARNES MARSLAND SOLICITORS LIMITED (REGISTERED NUMBER: 08748638)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Trade debtors 3,014 3,014
Other debtors 65 4,449
3,079 7,463

Aggregate amounts 220,381 177,972

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 23,826 22,947
Taxation and social security 29,875 25,666
Other creditors 81,561 82,858
135,262 131,471

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,667 35,493
Other creditors 80,000 -
91,667 35,493

The company has established the rent liability of £80,000 for rent prior to 1 April 2021. This liability covers a 5 year period and is reserved in the these accounts. This will be paid as quarterly payments of £5,000 which is expected to commence in the year end 31 March 2026.

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan 13,826 26,774

The bank loan is secured by a debenture and a personal guarantee from a director.

10. OTHER FINANCIAL COMMITMENTS

The company is occupying premises which are not on formal lease with rent at £19,000 per annum being at Market Value.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There are directors advances which total £199 at 31 March 2024 (£14,416 at 31 March 2023).

A director has given a personal guarantee for a bank loan as disclosed in the notes.