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REGISTERED NUMBER: 09568119 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

ANDREW & ANDREW SOLICITORS LIMITED

ANDREW & ANDREW SOLICITORS LIMITED (REGISTERED NUMBER: 09568119)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ANDREW & ANDREW SOLICITORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr A D Wisniewski
Miss E Sims





REGISTERED OFFICE: Atlantic House
114 Kingston Crescent
North End
Portsmouth
Hampshire
PO2 8AL





REGISTERED NUMBER: 09568119 (England and Wales)





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

ANDREW & ANDREW SOLICITORS LIMITED (REGISTERED NUMBER: 09568119)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 100,000 200,000
Tangible assets 5 341,659 238,960
441,659 438,960

CURRENT ASSETS
Stocks 65,566 42,945
Debtors 6 1,724,887 1,136,492
Cash at bank and in hand 855,238 932,850
2,645,691 2,112,287
CREDITORS
Amounts falling due within one year 7 1,216,135 790,420
NET CURRENT ASSETS 1,429,556 1,321,867
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,871,215

1,760,827

CREDITORS
Amounts falling due after more than one
year

8

(183,867

)

(245,541

)

PROVISIONS FOR LIABILITIES 11 (23,858 ) (30,135 )
NET ASSETS 1,663,490 1,485,151

CAPITAL AND RESERVES
Called up share capital 12 105 105
Capital redemption reserve 5 5
Retained earnings 1,663,380 1,485,041
SHAREHOLDERS' FUNDS 1,663,490 1,485,151

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

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

ANDREW & ANDREW SOLICITORS LIMITED (REGISTERED NUMBER: 09568119)

BALANCE SHEET - continued
30 JUNE 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 4 February 2025 and were signed on its behalf by:





Mr A D Wisniewski - Director


ANDREW & ANDREW SOLICITORS LIMITED (REGISTERED NUMBER: 09568119)

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

1. STATUTORY INFORMATION

Andrew & Andrew 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 represents fees receivable for work undertaken during the period, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost, 15% on cost and 10% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

ANDREW & ANDREW SOLICITORS LIMITED (REGISTERED NUMBER: 09568119)

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

2. ACCOUNTING POLICIES - continued

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.

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 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 NIL (2023 - 58 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 1,000,000
AMORTISATION
At 1 July 2023 800,000
Amortisation for year 100,000
At 30 June 2024 900,000
NET BOOK VALUE
At 30 June 2024 100,000
At 30 June 2023 200,000

ANDREW & ANDREW SOLICITORS LIMITED (REGISTERED NUMBER: 09568119)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 203,240 98,611 218,330 520,181
Additions 162,429 6,559 5,200 174,188
At 30 June 2024 365,669 105,170 223,530 694,369
DEPRECIATION
At 1 July 2023 84,815 67,080 129,326 281,221
Charge for year 34,626 11,448 25,415 71,489
At 30 June 2024 119,441 78,528 154,741 352,710
NET BOOK VALUE
At 30 June 2024 246,228 26,642 68,789 341,659
At 30 June 2023 118,425 31,531 89,004 238,960

Fixed assets, included in the above, which are held under finance leases are as follows:
Computer
equipment
£   
COST
At 1 July 2023
and 30 June 2024 98,324
DEPRECIATION
At 1 July 2023 16,721
Charge for year 14,749
At 30 June 2024 31,470
NET BOOK VALUE
At 30 June 2024 66,854
At 30 June 2023 81,603

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 1,156,086 822,570
Other debtors 568,801 313,922
1,724,887 1,136,492

ANDREW & ANDREW SOLICITORS LIMITED (REGISTERED NUMBER: 09568119)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 178,287 124,431
Finance leases (see note 9) 19,665 19,665
Trade creditors 448,583 178,058
Taxation and social security 483,420 370,118
Other creditors 86,180 98,148
1,216,135 790,420

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 154,370 196,379
Finance leases (see note 9) 29,497 49,162
183,867 245,541

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
30.6.24 30.6.23
£    £   
Net obligations repayable:
Within one year 19,665 19,665
Between one and five years 29,497 49,162
49,162 68,827

Non-cancellable operating leases
30.6.24 30.6.23
£    £   
Within one year 61,000 61,000
Between one and five years 167,750 228,750
228,750 289,750

ANDREW & ANDREW SOLICITORS LIMITED (REGISTERED NUMBER: 09568119)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 306,847 320,810
Finance leases 49,162 68,827
356,009 389,637

Finances leases are secured against the assets being financed.

Bank loans are secured by a fixed and floating charge over the assets of the company.

11. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 23,858 30,135

Deferred
tax
£   
Balance at 1 July 2023 30,135
Utilised during year (6,277 )
Balance at 30 June 2024 23,858

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100
5 A £1 5 5
105 105

The Ordinary and A shares rank pari passu in respect of voting rights.

Dividends can be paid to one class of share to the exclusion of the other or at differing rates.

Proceeds available for distribution on a winding up shall be distributed to repay the Ordinary share capital, including any premium, first, the A share capital, including any premium, second and any remaining proceeds among the holders of Ordinary shares only.

13. PENSION COMMITMENTS

The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable by the company to the scheme and amounted to £23,996 (30.6.23: £24,082). At the balance sheet date the company owed the pension fund £5,520 (30.6.23 £5,053).

ANDREW & ANDREW SOLICITORS LIMITED (REGISTERED NUMBER: 09568119)

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

14. RELATED PARTY DISCLOSURES

The aggregate amount owed to the directors and their spouses at the balance sheet date is £9,072 (30.6.23: £5,913).

15. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A D Wisniewski.