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Company Registration No. 12404096 (England and Wales)
LOUIS KENNEDY SOLICITORS LTD Unaudited accounts for the year ended 31 January 2024
LOUIS KENNEDY SOLICITORS LTD Unaudited accounts Contents
Page
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LOUIS KENNEDY SOLICITORS LTD Company Information for the year ended 31 January 2024
Directors
Louis KENNEDY Maxy PUNNAKKATTUSSERRY AUGUSTINE Benny JOSE
Company Number
12404096 (England and Wales)
Registered Office
117 MELTON ROAD LEICESTER LEICESTERSHIRE LE4 6QS UNITED KINGDOM
Accountants
Orb7 Limited 53 Peartree Drive,Farnworth,Bolton,Lanca Manchester Bolton Lancashire BL4 9RR
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LOUIS KENNEDY SOLICITORS LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,720 
3,326 
Current assets
Debtors
34,894 
40,879 
Cash at bank and in hand
66,286 
68,316 
101,180 
109,195 
Creditors: amounts falling due within one year
(57,369)
(65,908)
Net current assets
43,811 
43,287 
Total assets less current liabilities
46,531 
46,613 
Creditors: amounts falling due after more than one year
(36,148)
(39,415)
Net assets
10,383 
7,198 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
10,283 
7,098 
Shareholders' funds
10,383 
7,198 
For the year ending 31 January 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 3 January 2024 and were signed on its behalf by
Louis KENNEDY Director Company Registration No. 12404096
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LOUIS KENNEDY SOLICITORS LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
LOUIS KENNEDY SOLICITORS LTD is a private company, limited by shares, registered in England and Wales, registration number 12404096. The registered office is 117 MELTON ROAD, LEICESTER, LEICESTERSHIRE, LE4 6QS, UNITED KINGDOM.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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LOUIS KENNEDY SOLICITORS LTD Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
1,845 
3,254 
5,099 
At 31 January 2024
1,845 
3,254 
5,099 
Depreciation
At 1 February 2023
350 
1,423 
1,773 
Charge for the year
149 
457 
606 
At 31 January 2024
499 
1,880 
2,379 
Net book value
At 31 January 2024
1,346 
1,374 
2,720 
At 31 January 2023
1,495 
1,831 
3,326 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,478 
15,463 
Other debtors
25,316 
25,316 
34,794 
40,779 
Amounts falling due after more than one year
Other debtors
100 
100 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
55,406 
64,784 
Taxes and social security
1,963 
1,124 
57,369 
65,908 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
36,148 
39,415 
8
Average number of employees
During the year the average number of employees was 0 (2023: 3).
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