Company registration number 10659331 (England and Wales)
MAURICE ANDREWS SOLICITORS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MARCH 2024
MAURICE ANDREWS SOLICITORS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
MAURICE ANDREWS SOLICITORS LTD
BALANCE SHEET
AS AT
29 MARCH 2024
29 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
315,413
139,912
Current assets
Debtors
4
1,874,674
1,363,109
Cash at bank and in hand
218,156
467,672
2,092,830
1,830,781
Creditors: amounts falling due within one year
5
(358,920)
(425,675)
Net current assets
1,733,910
1,405,106
Total assets less current liabilities
2,049,323
1,545,018
Creditors: amounts falling due after more than one year
6
(136,271)
(21,162)
Provisions for liabilities
62,806
2,035
Net assets
1,975,858
1,525,891
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
1,975,848
1,525,881
Total equity
1,975,858
1,525,891

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 29 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

MAURICE ANDREWS SOLICITORS LTD
BALANCE SHEET (CONTINUED)
AS AT
29 MARCH 2024
29 March 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 27 March 2025
Akhmed Yakoob
Director
Company Registration No. 10659331
MAURICE ANDREWS SOLICITORS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MARCH 2024
- 3 -
1
Accounting policies
Company information

Maurice Andrews Solicitors Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 182 Soho Hill, Birmingham, West Midlands, UK, B19 1AG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10% on cost
Fixtures and fittings
25% on cost
Computers
33.33% on cost
Motor vehicles
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

MAURICE ANDREWS SOLICITORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
11
8
MAURICE ANDREWS SOLICITORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 MARCH 2024
- 5 -
3
Tangible fixed assets
Leasehold improvements
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 30 March 2023
98,496
34,385
17,285
65,205
215,371
Additions
58,103
15,750
30,255
202,789
306,897
Disposals
-
0
-
0
-
0
(65,205)
(65,205)
At 29 March 2024
156,599
50,135
47,540
202,789
457,063
Depreciation and impairment
At 30 March 2023
9,850
27,301
13,937
24,371
75,459
Depreciation charged in the year
15,660
11,022
13,183
50,697
90,562
Eliminated in respect of disposals
-
0
-
0
-
0
(24,371)
(24,371)
At 29 March 2024
25,510
38,323
27,120
50,697
141,650
Carrying amount
At 29 March 2024
131,089
11,812
20,420
152,092
315,413
At 29 March 2023
88,646
7,084
3,348
40,834
139,912
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
915,484
415,199
2024
2023
Amounts falling due after more than one year:
£
£
Other debtors
959,190
947,910
Total debtors
1,874,674
1,363,109
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,383
10,382
Trade creditors
22,880
23,490
Corporation tax
242,316
163,972
Other taxation and social security
7,799
174,694
Other creditors
75,542
53,137
358,920
425,675
MAURICE ANDREWS SOLICITORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 MARCH 2024
- 6 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
10,779
21,162
Other creditors
125,492
-
0
136,271
21,162
7
Related Party Disclosures

As at 31 March 2024 the following balance, included in other debtors due more than one year, was due from related companies:

 

AY Holdings Ltd: £672,916.

 

Jacobs Law Solicitors Ltd: £286,273

 

The above balances are interest free and repayable on demand.

8
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Akhmed Yakoob
2.25
37,789
321,714
359,503
37,789
321,714
359,503

 

The loan is unsecured, interest is charged at 2.25% per annum and loan is repayable on demand.

9
Ultimate Controlling Party

The controlling party is Akhmed Yakoob.

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