Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-3012falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-01falseNo description of principal activity12truefalse 06469358 2023-07-01 2024-06-30 06469358 2022-07-01 2023-06-30 06469358 2024-06-30 06469358 2023-06-30 06469358 c:Director1 2023-07-01 2024-06-30 06469358 d:FurnitureFittings 2023-07-01 2024-06-30 06469358 d:FurnitureFittings 2024-06-30 06469358 d:FurnitureFittings 2023-06-30 06469358 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06469358 d:ComputerEquipment 2023-07-01 2024-06-30 06469358 d:ComputerEquipment 2024-06-30 06469358 d:ComputerEquipment 2023-06-30 06469358 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06469358 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06469358 d:Goodwill 2023-07-01 2024-06-30 06469358 d:Goodwill 2024-06-30 06469358 d:Goodwill 2023-06-30 06469358 d:CurrentFinancialInstruments 2024-06-30 06469358 d:CurrentFinancialInstruments 2023-06-30 06469358 d:Non-currentFinancialInstruments 2024-06-30 06469358 d:Non-currentFinancialInstruments 2023-06-30 06469358 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 06469358 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 06469358 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 06469358 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 06469358 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 06469358 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 06469358 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-06-30 06469358 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-06-30 06469358 d:ShareCapital 2024-06-30 06469358 d:ShareCapital 2023-06-30 06469358 d:RetainedEarningsAccumulatedLosses 2024-06-30 06469358 d:RetainedEarningsAccumulatedLosses 2023-06-30 06469358 c:FRS102 2023-07-01 2024-06-30 06469358 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 06469358 c:FullAccounts 2023-07-01 2024-06-30 06469358 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06469358 2 2023-07-01 2024-06-30 06469358 d:Goodwill d:OwnedIntangibleAssets 2023-07-01 2024-06-30 06469358 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 06469358









LESTER DOMINIC SOLICITORS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
LESTER DOMINIC SOLICITORS LIMITED
REGISTERED NUMBER: 06469358

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
11,000
19,250

Tangible assets
 5 
15,015
17,371

  
26,015
36,621

Current assets
  

Stocks
  
26,575
19,399

Debtors: amounts falling due within one year
 6 
298,484
250,133

Cash at bank and in hand
 7 
12,841
35,899

  
337,900
305,431

Creditors: amounts falling due within one year
 8 
(303,892)
(228,944)

Net current assets
  
 
 
34,008
 
 
76,487

Total assets less current liabilities
  
60,023
113,108

Creditors: amounts falling due after more than one year
 9 
(25,001)
(80,085)

  

Net assets
  
35,022
33,023


Capital and reserves
  

Called up share capital 
  
300
300

Profit and loss account
  
34,722
32,723

  
35,022
33,023


Page 1

 
LESTER DOMINIC SOLICITORS LIMITED
REGISTERED NUMBER: 06469358
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 March 2025.




................................................
L Kan
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
LESTER DOMINIC SOLICITORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Lester Dominic Solicitors Limited is a private company limited by shares. The company is incorporated in England & Wales and its registered office is County House, Cornwall Avenue, Central Finchley, London N3 1LH. The registered number is 06469358. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
LESTER DOMINIC SOLICITORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
LESTER DOMINIC SOLICITORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures & fittings
-
30% reducing balance
Computer equipment
-
30% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
LESTER DOMINIC SOLICITORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 12).

Page 6

 
LESTER DOMINIC SOLICITORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 July 2023
165,000



At 30 June 2024

165,000



Amortisation


At 1 July 2023
145,750


Charge for the year on owned assets
8,250



At 30 June 2024

154,000



Net book value



At 30 June 2024
11,000



At 30 June 2023
19,250



Page 7

 
LESTER DOMINIC SOLICITORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Fixtures & fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
70,084
39,194
109,278


Additions
4,080
-
4,080



At 30 June 2024

74,164
39,194
113,358



Depreciation


At 1 July 2023
59,535
32,372
91,907


Charge for the year on owned assets
4,389
2,047
6,436



At 30 June 2024

63,924
34,419
98,343



Net book value



At 30 June 2024
10,240
4,775
15,015



At 30 June 2023
10,549
6,822
17,371


6.


Debtors

2024
2023
£
£


Trade debtors
244,022
214,687

Other debtors
17,399
-

Prepayments and accrued income
37,063
35,446

298,484
250,133


Page 8

 
LESTER DOMINIC SOLICITORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
12,841
35,899

Less: bank overdrafts
(35,748)
(20,868)

(22,907)
15,031



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
35,748
20,868

Bank loans
59,761
67,221

Trade creditors
21,413
-

Corporation tax
84,738
36,903

Other taxation and social security
59,084
61,136

Other creditors
43,148
5,066

Accruals and deferred income
-
37,750

303,892
228,944



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
25,001
80,085

25,001
80,085


Page 9

 
LESTER DOMINIC SOLICITORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
59,761
67,221


59,761
67,221


Amounts falling due 2-5 years

Bank loans
-
34,502


-
34,502

Amounts falling due after more than 5 years

Bank loans
25,000
45,583

25,000
45,583

84,761
147,306


 
Page 10