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REGISTERED NUMBER: 07941637 (England and Wales)







Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Manleys Solicitors Limited

Manleys Solicitors Limited (Registered number: 07941637)






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


Manleys Solicitors Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr M J Manley





REGISTERED OFFICE: 8-9 Grosvenor Court
Foregate Street
Chester
Cheshire
CH1 1HG





REGISTERED NUMBER: 07941637 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Manleys Solicitors Limited (Registered number: 07941637)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 190,747 258,511

CURRENT ASSETS
Debtors 5 973,901 861,157
Cash at bank 38,945 246,056
1,012,846 1,107,213
CREDITORS
Amounts falling due within one year 6 228,789 277,747
NET CURRENT ASSETS 784,057 829,466
TOTAL ASSETS LESS CURRENT
LIABILITIES

974,804

1,087,977

CREDITORS
Amounts falling due after more than one year 7 (3,562 ) (34,744 )

PROVISIONS FOR LIABILITIES (47,553 ) (50,332 )
NET ASSETS 923,689 1,002,901

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 923,589 1,002,801
SHAREHOLDERS' FUNDS 923,689 1,002,901

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.

Manleys Solicitors Limited (Registered number: 07941637)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 December 2024 and were signed by:





Mr M J Manley - Director


Manleys Solicitors Limited (Registered number: 07941637)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Manleys 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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33% on cost, 25% on reducing balance and 10% on cost
Motor vehicles - 25% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Manleys Solicitors Limited (Registered number: 07941637)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 443,765 168,169 611,934
DEPRECIATION
At 1 May 2023 287,072 66,351 353,423
Charge for year 42,309 25,455 67,764
At 30 April 2024 329,381 91,806 421,187
NET BOOK VALUE
At 30 April 2024 114,384 76,363 190,747
At 30 April 2023 156,693 101,818 258,511

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023
and 30 April 2024 168,169
DEPRECIATION
At 1 May 2023 66,351
Charge for year 25,455
At 30 April 2024 91,806
NET BOOK VALUE
At 30 April 2024 76,363
At 30 April 2023 101,818

Manleys Solicitors Limited (Registered number: 07941637)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 90,101 87,574
Amounts owed by associates 501,998 496,798
Other debtors 381,802 276,785
973,901 861,157

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 33,841 33,841
Taxation and social security 194,948 243,906
228,789 277,747

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 3,562 34,744

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 37,403 68,585

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £146,000 (2023 - £180,000) were paid to the director .

At 30 April 2024 the company was owed £501,998 (2023: £496,798) by Manleys Property Developments Ltd, a trading company in which the director, M Manley, has a controlling interest.

At 30 April 2024 a director of the company owed £164,457 (2023: £135,928) to the company in respect of an interest free loan, which is repayable on demand.