FISHER DAY LIMITED 10629196 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is the provision of legal services Digita Accounts Production Advanced 6.30.9574.0 true true 10629196 2023-03-01 2024-02-29 10629196 2024-02-29 10629196 bus:Director2 1 2024-02-29 10629196 bus:OrdinaryShareClass1 2024-02-29 10629196 bus:OrdinaryShareClass2 2024-02-29 10629196 bus:OrdinaryShareClass3 2024-02-29 10629196 bus:OrdinaryShareClass4 2024-02-29 10629196 core:CurrentFinancialInstruments 2024-02-29 10629196 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 10629196 core:Non-currentFinancialInstruments 2024-02-29 10629196 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 10629196 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-02-29 10629196 core:OfficeEquipment 2024-02-29 10629196 bus:SmallEntities 2023-03-01 2024-02-29 10629196 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 10629196 bus:FilletedAccounts 2023-03-01 2024-02-29 10629196 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 10629196 bus:RegisteredOffice 2023-03-01 2024-02-29 10629196 bus:Director1 2023-03-01 2024-02-29 10629196 bus:Director2 2023-03-01 2024-02-29 10629196 bus:Director2 1 2023-03-01 2024-02-29 10629196 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 10629196 bus:OrdinaryShareClass2 2023-03-01 2024-02-29 10629196 bus:OrdinaryShareClass3 2023-03-01 2024-02-29 10629196 bus:OrdinaryShareClass4 2023-03-01 2024-02-29 10629196 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10629196 core:ComputerSoftware 2023-03-01 2024-02-29 10629196 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-01 2024-02-29 10629196 core:ComputerEquipment 2023-03-01 2024-02-29 10629196 core:OfficeEquipment 2023-03-01 2024-02-29 10629196 countries:England 2023-03-01 2024-02-29 10629196 2023-02-28 10629196 bus:Director2 1 2023-02-28 10629196 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-28 10629196 core:OfficeEquipment 2023-02-28 10629196 2022-03-01 2023-02-28 10629196 2023-02-28 10629196 bus:Director2 1 2023-02-28 10629196 bus:OrdinaryShareClass1 2023-02-28 10629196 bus:OrdinaryShareClass2 2023-02-28 10629196 bus:OrdinaryShareClass3 2023-02-28 10629196 bus:OrdinaryShareClass4 2023-02-28 10629196 core:CurrentFinancialInstruments 2023-02-28 10629196 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 10629196 core:Non-currentFinancialInstruments 2023-02-28 10629196 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 10629196 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-28 10629196 core:OfficeEquipment 2023-02-28 10629196 bus:Director2 1 2022-03-01 2023-02-28 10629196 bus:Director2 1 2022-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10629196

FISHER DAY LIMITED

trading as Fisher Day Solicitors

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

FISHER DAY LIMITED

trading as Fisher Day Solicitors

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 13

 

FISHER DAY LIMITED

trading as Fisher Day Solicitors

Company Information

Directors

Mr Amar Iqbal

Mr Muhammod Nurul Islam

Registered office

30 Chapel Street
Hyde
SK14 1LF

Accountants

Analytia Partners Limited
Licenced Accountants
83 Ducie Street
Manchester
Greater Manchester
M1 2JQ

 

FISHER DAY LIMITED

trading as Fisher Day Solicitors

(Registration number: 10629196)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

27,037

18,375

Tangible assets

5

539

258

 

27,576

18,633

Current assets

 

Stocks

6

75,309

150,000

Debtors

7

74,228

113,690

Cash at bank and in hand

 

2,915

6,389

 

152,452

270,079

Creditors: Amounts falling due within one year

8

(164,014)

(262,366)

Net current (liabilities)/assets

 

(11,562)

7,713

Total assets less current liabilities

 

16,014

26,346

Creditors: Amounts falling due after more than one year

8

(14,165)

(24,044)

Net assets

 

1,849

2,302

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

1,749

2,202

Shareholders' funds

 

1,849

2,302

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 November 2024 and signed on its behalf by:
 

 

FISHER DAY LIMITED

trading as Fisher Day Solicitors

(Registration number: 10629196)
Balance Sheet as at 29 February 2024

.........................................
Mr Muhammod Nurul Islam
Director

 

FISHER DAY LIMITED

trading as Fisher Day Solicitors

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
30 Chapel Street
Hyde
SK14 1LF
United Kingdom

These financial statements were authorised for issue by the Board on 29 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

FISHER DAY LIMITED

trading as Fisher Day Solicitors

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Government grants

Government
 grants 
are
 recognised 
in 
the
 profit 
and 
loss 
account 
in 
an 
appropriate 
manner
 that 
matches 
them 
with 
theexpenditure
towards 
which 
they 
are 
intended
 to 
contribute.

Grants 
for 
immediate 
financial 
support 
or 
to 
cover 
costs 
already
 incurred 
are 
recognised 
immediately 
in 
the 
profi t
and loss 
account.

Grants 
towards 
general 
activities 
of 
the 
entity 
over 
a 
specific 
period 
are 
recognised 
in 
the 
profit 
and 
loss account 
over 
that 
period.

Grants 
towards 
fixed 
assets 
are 
recognised 
over 
the 
expected 
useful 
lives 
of
 the
 related 
assets 
and 
are 
treated 
as deferred 
income
 and
 released
 to
 the 
profit 
and 
loss 
account 
over 
the 
useful 
life 
of 
the 
asset 
concerned.

All 
grants 
in 
the 
profit 
and 
loss 
account 
are 
recognised 
when 
all 
conditions 
for 
receipt
 have
 been 
complied 
with.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

33% on cost

Office equipment

33% on cost

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Software Development

10% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

FISHER DAY LIMITED

trading as Fisher Day Solicitors

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

FISHER DAY LIMITED

trading as Fisher Day Solicitors

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 25 (2023 - 26).

 

FISHER DAY LIMITED

trading as Fisher Day Solicitors

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Intangible assets

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 March 2023

18,375

18,375

Additions acquired separately

10,500

10,500

At 29 February 2024

28,875

28,875

Amortisation

Amortisation charge

1,838

1,838

At 29 February 2024

1,838

1,838

Carrying amount

At 29 February 2024

27,037

27,037

At 28 February 2023

18,375

18,375

5

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 March 2023

9,456

9,456

Additions

600

600

At 29 February 2024

10,056

10,056

Depreciation

At 1 March 2023

9,198

9,198

Charge for the year

319

319

At 29 February 2024

9,517

9,517

Carrying amount

At 29 February 2024

539

539

At 28 February 2023

258

258

 

FISHER DAY LIMITED

trading as Fisher Day Solicitors

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

6

Stocks

2024
£

2023
£

Work in progress

75,309

150,000

7

Debtors

Current

2024
£

2023
£

Trade debtors

-

38,541

Prepayments

889

3,492

Other debtors

73,339

71,657

 

74,228

113,690

 

FISHER DAY LIMITED

trading as Fisher Day Solicitors

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

19,132

9,281

Trade creditors

 

-

8,026

Taxation and social security

 

116,759

166,353

Accruals and deferred income

 

26,119

35,105

Other creditors

 

2,004

43,601

 

164,014

262,366

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

14,165

24,044

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

-

-

-

-

Ordinary A of £1 each

45

45

45

45

Ordinary B of £1 each

10

10

10

10

Ordinary C of £1 each

45

45

45

45

100

100

100

100

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

14,165

24,044

Current loans and borrowings

 

FISHER DAY LIMITED

trading as Fisher Day Solicitors

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

2024
£

2023
£

Bank borrowings

19,132

9,281

11

Dividends

   

2024

 

2023

   

£

 

£

Interim dividend of £35,000.00 (2023 - £41,000.00)

 

35,000

 

41,000

         

12

Related party transactions

The loans provided to directors are unsecured, interest free and repayable on demand.

 

FISHER DAY LIMITED

trading as Fisher Day Solicitors

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Transactions with directors

2024

At 1 March 2023
£

Advances to director
£

At 29 February 2024
£

Mr Muhammod Nurul Islam

Directors Loan Account

41,140

16,316

57,456

2023

At 1 March 2022
£

Advances to director
£

Repayments by director
£

At 28 February 2023
£

Mr Muhammod Nurul Islam

Directors Loan Account

33,140

23,000

(15,000)

41,140

 

FISHER DAY LIMITED

trading as Fisher Day Solicitors

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

25,000

22,454