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REGISTERED NUMBER: 06623814 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

FG SOLICITORS LIMITED

FG SOLICITORS LIMITED (REGISTERED NUMBER: 06623814)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FG SOLICITORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mr F Graham





SECRETARY: Mrs S Y Graham





REGISTERED OFFICE: 2 Deanery Court
Grange Farm
Preston Deanery
Northampton
Northamptonshire
NN7 2DT





REGISTERED NUMBER: 06623814 (England and Wales)





ACCOUNTANTS: Cube Partners Limited
Chartered Accountants
5 Giffard Court
Millbrook Close
Northampton
Northamptonshire
NN5 5JF

FG SOLICITORS LIMITED (REGISTERED NUMBER: 06623814)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 71,771 88,021
Tangible assets 5 22,598 27,965
94,369 115,986

CURRENT ASSETS
Debtors 6 679,600 557,409
Cash at bank 38,519 63,315
718,119 620,724
CREDITORS
Amounts falling due within one year 7 280,285 377,873
NET CURRENT ASSETS 437,834 242,851
TOTAL ASSETS LESS CURRENT
LIABILITIES

532,203

358,837

CREDITORS
Amounts falling due after more than one year 8 (101,343 ) (81,664 )

PROVISIONS FOR LIABILITIES (5,439 ) (6,735 )
NET ASSETS 425,421 270,438

CAPITAL AND RESERVES
Called up, fully paid share capital 100 100
Retained earnings 425,321 270,338
SHAREHOLDERS' FUNDS 425,421 270,438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

FG SOLICITORS LIMITED (REGISTERED NUMBER: 06623814)

BALANCE SHEET - continued
30 APRIL 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 by the director and authorised for issue on 28 January 2025 and were signed by:





Mr F Graham - Director


FG SOLICITORS LIMITED (REGISTERED NUMBER: 06623814)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

FG 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 represents net invoiced sales of services and value of work in progress, excluding value added tax

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised over its estimated useful life of twenty 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.
Plant and machinery - 20% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

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.

Pension costs and other post-retirement benefits
The company makes contributions to personal pension plan's for certain employees. Contributions payable are charged to the profit and loss account in the period to which they relate.

FG SOLICITORS LIMITED (REGISTERED NUMBER: 06623814)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 325,000
AMORTISATION
At 1 May 2023 236,979
Amortisation for year 16,250
At 30 April 2024 253,229
NET BOOK VALUE
At 30 April 2024 71,771
At 30 April 2023 88,021

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023
and 30 April 2024 4,888 12,033 33,213 57,429 107,563
DEPRECIATION
At 1 May 2023 4,888 9,531 7,750 57,429 79,598
Charge for year - 274 5,093 - 5,367
At 30 April 2024 4,888 9,805 12,843 57,429 84,965
NET BOOK VALUE
At 30 April 2024 - 2,228 20,370 - 22,598
At 30 April 2023 - 2,502 25,463 - 27,965

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 95,633 85,237
Other debtors 583,967 472,172
679,600 557,409

FG SOLICITORS LIMITED (REGISTERED NUMBER: 06623814)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 60,657 64,486
Hire purchase contracts 4,484 3,961
Trade creditors 14,470 21,121
Taxation and social security 183,427 270,844
Other creditors 17,247 17,461
280,285 377,873

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 83,276 59,112
Hire purchase contracts 18,067 22,552
101,343 81,664

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,772 11,069

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft - 15,441
Hire purchase contracts 22,551 26,513
22,551 41,954

There is a fixed and floating charge in the form of a debenture dated 10th September 2009 in favour of National Westminster Bank PLC.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date £334,940 (2023: £253,718) was due from the director. Interest has been charged on this loan and there are no fixed repayment terms.