IRIS Accounts Production v24.3.2.46 09638587 director 1.10.23 30.9.24 30.9.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh096385872023-09-30096385872024-09-30096385872023-10-012024-09-30096385872022-09-30096385872022-10-012023-09-30096385872023-09-3009638587ns14:PoundSterling2023-10-012024-09-3009638587ns10:Director12023-10-012024-09-3009638587ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3009638587ns10:SmallEntities2023-10-012024-09-3009638587ns10:AuditExemptWithAccountantsReport2023-10-012024-09-3009638587ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3009638587ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3009638587ns10:FullAccounts2023-10-012024-09-300963858712023-10-012024-09-3009638587ns10:RegisteredOffice2023-10-012024-09-3009638587ns5:CurrentFinancialInstruments2024-09-3009638587ns5:CurrentFinancialInstruments2023-09-3009638587ns5:Non-currentFinancialInstruments2024-09-3009638587ns5:Non-currentFinancialInstruments2023-09-3009638587ns5:ShareCapital2024-09-3009638587ns5:ShareCapital2023-09-3009638587ns5:RetainedEarningsAccumulatedLosses2024-09-3009638587ns5:RetainedEarningsAccumulatedLosses2023-09-3009638587ns5:NetGoodwill2023-10-012024-09-3009638587ns5:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3009638587ns5:NetGoodwill2023-09-3009638587ns5:NetGoodwill2024-09-3009638587ns5:NetGoodwill2023-09-3009638587ns5:PlantMachinery2023-09-3009638587ns5:PlantMachinery2023-10-012024-09-3009638587ns5:PlantMachinery2024-09-3009638587ns5:PlantMachinery2023-09-3009638587ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3009638587ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30096385871ns10:Director12023-09-30096385871ns10:Director12022-09-30096385871ns10:Director12023-10-012024-09-30096385871ns10:Director12022-10-012023-09-30096385871ns10:Director12024-09-30096385871ns10:Director12023-09-30
REGISTERED NUMBER: 09638587






















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Higgins & Co Lawyers Limited

Higgins & Co Lawyers Limited (Registered number: 09638587)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Higgins & Co Lawyers Limited

Company Information
for the year ended 30 September 2024







DIRECTOR: P J Higgins





REGISTERED OFFICE: 10-12 Whetstone Lane
Birkenhead
Merseyside
CH41 2QR





REGISTERED NUMBER: 09638587





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

Higgins & Co Lawyers Limited (Registered number: 09638587)

Balance Sheet
30 September 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 50,000 100,000
Property, plant and equipment 5 4,461 4,364
54,461 104,364

CURRENT ASSETS
Debtors 6 353,386 424,169
Cash at bank and in hand 319,228 152,494
672,614 576,663
CREDITORS
Amounts falling due within one year 7 (552,478 ) (294,125 )
NET CURRENT ASSETS 120,136 282,538
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,597

386,902

CREDITORS
Amounts falling due after more than one year 8 (6,667 ) (16,667 )
NET ASSETS 167,930 370,235

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 167,830 370,135
SHAREHOLDERS' FUNDS 167,930 370,235

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

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

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 4 February 2025 and were signed by:





P J Higgins - Director


Higgins & Co Lawyers Limited (Registered number: 09638587)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Higgins & Co Lawyers Limited is a private company, limited by shares , registered in Not specified/Other. 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 amounts chargeable to clients for professional services provided during the year, inclusive of direct expenses incurred on client assignments but excluding value added tax. Turnover is recognised when a right to consideration has been obtained through performance under each contract. Consideration accrues as contract activity progresses by reference to the value of work performed.

Turnover is not recognised where the right to receive payment is contingent on events outside the control of the company. Unbilled revenue is included in debtors within prepayments and accrued income.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, 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.

Fixtures and fittings - 15% on reducing balance

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 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.

Higgins & Co Lawyers Limited (Registered number: 09638587)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Share capital
Ordinary shares are classed as equity.

Distributions to equity holders
Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 October 2023
and 30 September 2024 500,000
AMORTISATION
At 1 October 2023 400,000
Charge for year 50,000
At 30 September 2024 450,000
NET BOOK VALUE
At 30 September 2024 50,000
At 30 September 2023 100,000

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£
COST
At 1 October 2023 11,833
Additions 797
At 30 September 2024 12,630
DEPRECIATION
At 1 October 2023 7,469
Charge for year 700
At 30 September 2024 8,169
NET BOOK VALUE
At 30 September 2024 4,461
At 30 September 2023 4,364

Higgins & Co Lawyers Limited (Registered number: 09638587)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 10,566 10,911
Other debtors 342,820 413,258
353,386 424,169

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 67,927 10,000
Taxation and social security 74,870 54,494
Other creditors 409,681 229,631
552,478 294,125

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 6,667 16,667

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£ £
P J Higgins
Balance outstanding at start of year (151 ) 339,355
Amounts advanced 13,521 23,022
Amounts repaid (246,982 ) (362,528 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (233,612 ) (151 )

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P J Higgins.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Higgins & Co Lawyers Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Higgins & Co Lawyers Limited for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Higgins & Co Lawyers Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Higgins & Co Lawyers Limited and state those matters that we have agreed to state to the director of Higgins & Co Lawyers Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Higgins & Co Lawyers Limited and its director for our work or for this report.

It is your duty to ensure that Higgins & Co Lawyers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Higgins & Co Lawyers Limited. You consider that Higgins & Co Lawyers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Higgins & Co Lawyers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE


4 February 2025