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REGISTERED NUMBER: 08370629 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

BELCHER ADDISON SOLICITORS LIMITED

BELCHER ADDISON SOLICITORS LIMITED (REGISTERED NUMBER: 08370629)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BELCHER ADDISON SOLICITORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Ms M Slavov
Ms P A Smith
Mr W Cha
Mr C C Halliwell





REGISTERED OFFICE: 3 West Street
Emsworth
Hampshire
PO10 7DX





REGISTERED NUMBER: 08370629 (England and Wales)





ACCOUNTANTS: Gibson Whitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP

BELCHER ADDISON SOLICITORS LIMITED (REGISTERED NUMBER: 08370629)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,566 19,174
Tangible assets 5 20,926 8,463
35,492 27,637

CURRENT ASSETS
Debtors 6 757,113 504,653
Cash at bank and in hand 218,839 45,980
975,952 550,633
CREDITORS
Amounts falling due within one year 7 484,418 422,188
NET CURRENT ASSETS 491,534 128,445
TOTAL ASSETS LESS CURRENT
LIABILITIES

527,026

156,082

CREDITORS
Amounts falling due after more than one
year

8

(33,562

)

(23,972

)

PROVISIONS FOR LIABILITIES 10 (1,409 ) -
NET ASSETS 492,055 132,110

CAPITAL AND RESERVES
Called up share capital 11 120,200 120,200
Retained earnings 371,855 11,910
SHAREHOLDERS' FUNDS 492,055 132,110

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

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

BELCHER ADDISON SOLICITORS LIMITED (REGISTERED NUMBER: 08370629)

BALANCE SHEET - continued
31 JULY 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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 13 December 2024 and were signed on its behalf by:





Ms P A Smith - Director


BELCHER ADDISON SOLICITORS LIMITED (REGISTERED NUMBER: 08370629)

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

1. STATUTORY INFORMATION

Belcher Addison 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 2023, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and over the period of the lease

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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 22 ) .

BELCHER ADDISON SOLICITORS LIMITED (REGISTERED NUMBER: 08370629)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 148,014
AMORTISATION
At 1 August 2023 128,840
Charge for year 4,608
At 31 July 2024 133,448
NET BOOK VALUE
At 31 July 2024 14,566
At 31 July 2023 19,174

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 116,589
Additions 19,126
At 31 July 2024 135,715
DEPRECIATION
At 1 August 2023 108,126
Charge for year 6,663
At 31 July 2024 114,789
NET BOOK VALUE
At 31 July 2024 20,926
At 31 July 2023 8,463

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 695,785 459,969
Other debtors 61,328 44,684
757,113 504,653

BELCHER ADDISON SOLICITORS LIMITED (REGISTERED NUMBER: 08370629)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 19,488 9,934
Trade creditors 41,299 73,348
Taxation and social security 239,729 142,239
Other creditors 183,902 196,667
484,418 422,188

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 33,562 23,972

Bank loans includes £24,022 in respect a Bounce Back loan.

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.24 31.7.23
£    £   
Within one year 44,032 25,478
Between one and five years 138,155 9,949
In more than five years 92,662 -
274,849 35,427

10. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 1,409 -

Deferred
tax
£   
Provided during year 1,409
Balance at 31 July 2024 1,409

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
60,100 A shares £1 60,100 60,100
60,100 B shares £1 60,100 60,100
120,200 120,200

12. RELATED PARTY DISCLOSURES

Aggregate amounts due to the directors at the balance sheet date is £50,054 (31.7.23: £97,989).

BELCHER ADDISON SOLICITORS LIMITED (REGISTERED NUMBER: 08370629)

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

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms P A Smith.