Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31false2023-04-01Legal services2325truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09103057 2023-04-01 2024-03-31 09103057 2022-04-01 2023-03-31 09103057 2024-03-31 09103057 2023-03-31 09103057 c:Director1 2023-04-01 2024-03-31 09103057 c:Director2 2023-04-01 2024-03-31 09103057 d:FurnitureFittings 2023-04-01 2024-03-31 09103057 d:FurnitureFittings 2024-03-31 09103057 d:FurnitureFittings 2023-03-31 09103057 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09103057 d:OfficeEquipment 2023-04-01 2024-03-31 09103057 d:ComputerEquipment 2023-04-01 2024-03-31 09103057 d:ComputerEquipment 2024-03-31 09103057 d:ComputerEquipment 2023-03-31 09103057 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09103057 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09103057 d:CurrentFinancialInstruments 2024-03-31 09103057 d:CurrentFinancialInstruments 2023-03-31 09103057 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09103057 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09103057 d:ShareCapital 2024-03-31 09103057 d:ShareCapital 2023-03-31 09103057 d:RetainedEarningsAccumulatedLosses 2024-03-31 09103057 d:RetainedEarningsAccumulatedLosses 2023-03-31 09103057 c:FRS102 2023-04-01 2024-03-31 09103057 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09103057 c:FullAccounts 2023-04-01 2024-03-31 09103057 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09103057 2 2023-04-01 2024-03-31 09103057 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 09103057










ASHMANS SOLICITORS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
ASHMANS SOLICITORS LTD
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OFASHMANS SOLICITORS LTD
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ashmans Solicitors Ltd for the year ended 31 March 2024 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

This report is made solely to the Board of Directors of Ashmans Solicitors Ltd, as a body, in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of Ashmans Solicitors Ltd and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ashmans Solicitors Ltd and its  Board of Directors, as a body, for our work or for this report.
 
 
It is your duty to ensure that Ashmans Solicitors Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that Ashmans Solicitors Ltd is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Ashmans Solicitors Ltd. 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.





Shipleys Tax Planning

21 February 2025
Page 1

 
ASHMANS SOLICITORS LTD
REGISTERED NUMBER: 09103057

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
23,858
38,113

  
23,858
38,113

Current assets
  

Stocks
  
72,265
97,034

Debtors: amounts falling due within one year
 5 
183,324
214,549

Cash at bank and in hand
 6 
1,570,759
1,165,549

  
1,826,348
1,477,132

Creditors: amounts falling due within one year
 7 
(198,655)
(69,591)

Net current assets
  
 
 
1,627,693
 
 
1,407,541

Total assets less current liabilities
  
1,651,551
1,445,654

  

Net assets
  
1,651,551
1,445,654


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,651,451
1,445,554

  
1,651,551
1,445,654


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 comprehensive income 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 21 February 2025.




Imran Ali
Raja Atif Afzal
Page 2

 
ASHMANS SOLICITORS LTD
REGISTERED NUMBER: 09103057

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

Director
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
ASHMANS SOLICITORS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Ashmans Solicitors Ltd is a company domiciled in England & Wales, registration number 09103057. The registered office is 26 Market Place, Dewsbury, West Yorkshire, WF13 1DQ.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

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

Page 4

 
ASHMANS SOLICITORS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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.

 
2.6

Borrowing costs

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

 
2.7

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 income 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.


 
2.8

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, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
straight line
Office equipment
-
25%
straight line
Computer equipment
-
33%
straight line

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.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 5

 
ASHMANS SOLICITORS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 23 (2023 - 25).

Page 6

 
ASHMANS SOLICITORS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
42,267
89,242
131,509



At 31 March 2024

42,267
89,242
131,509



Depreciation


At 1 April 2023
35,091
58,305
93,396


Charge for the year on owned assets
1,780
12,475
14,255



At 31 March 2024

36,871
70,780
107,651



Net book value



At 31 March 2024
5,396
18,462
23,858



At 31 March 2023
7,176
30,937
38,113


5.


Debtors

2024
2023
£
£


Other debtors
183,324
214,549

183,324
214,549



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,570,759
1,165,549

1,570,759
1,165,549


Page 7

 
ASHMANS SOLICITORS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
20,958
30,701

Corporation tax
66,771
-

Other taxation and social security
102,934
33,309

Other creditors
2,830
419

Accruals and deferred income
5,162
5,162

198,655
69,591



8.


Related party transactions

The company rents a property which belongs to a company which is ultimately owned by the director Mr Imran Ali. The company paid rent of £20,000 (2023: £20,000) during the year.
During the year the director Imran Ali repaid the company £19,522 
(2023: £NIL). At the balance sheet date other debtors included £NIL (2023: £19,522) as amounts owed by the director Imran Ali.
There was no movement during the year in the loan balance owed from I&A Properties Ltd (a company owned by the director Mr Imran Ali). At the balance sheet date other debtors included £80,484 
(2023: £80,484) as amounts owed by I&A Properties Ltd.
There was no movement during the year in the loan balance owed from Hanz Investments Ltd (a related party by way of family connection to the director Mr Imran Ali). At the balance sheet date other debtors included £108,500 
(2023: £108,500) as amounts owed by Hanz Investments Ltd.


Page 8