COMPANY REGISTRATION NUMBER:
08504880
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Criminal Defence Milton Keynes Solicitors Ltd |
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|
Filleted Unaudited Financial Statements |
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Criminal Defence Milton Keynes Solicitors Ltd |
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Statement of Financial Position |
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30 September 2024
Fixed assets
|
Tangible assets |
4 |
6,320 |
5,593 |
|
|
|
|
Current assets
|
Debtors |
5 |
267,763 |
364,085 |
|
Cash at bank and in hand |
91,809 |
59,466 |
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--------- |
--------- |
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359,572 |
423,551 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
243,038 |
260,838 |
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--------- |
--------- |
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Net current assets |
116,534 |
162,713 |
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--------- |
--------- |
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Total assets less current liabilities |
122,854 |
168,306 |
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|
|
|
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Provisions |
185 |
185 |
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--------- |
--------- |
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Net assets |
122,669 |
168,121 |
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--------- |
--------- |
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|
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Capital and reserves
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Called up share capital |
1 |
1 |
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Profit and loss account |
122,668 |
168,120 |
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--------- |
--------- |
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Shareholders funds |
122,669 |
168,121 |
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--------- |
--------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
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
;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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Criminal Defence Milton Keynes Solicitors Ltd |
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Statement of Financial Position (continued) |
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30 September 2024
These financial statements were approved by the
board of directors
and authorised for issue on
3 April 2025
, and are signed on behalf of the board by:
Company registration number:
08504880
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Criminal Defence Milton Keynes Solicitors Ltd |
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Notes to the Financial Statements |
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Year ended 30 September 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 62 Queensway, Bletchley, Milton Keynes, MK2 2SA.
2.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Fixtures and fittings |
- |
25% reducing balance |
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Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
3.
Employee numbers
The average number of persons employed by the company during the year amounted to
14
(2023:
11
).
4.
Tangible assets
|
Fixtures and fittings |
|
£ |
|
Cost |
|
|
At 1 October 2023 |
21,484 |
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Additions |
2,834 |
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-------- |
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At 30 September 2024 |
24,318 |
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-------- |
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Depreciation |
|
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At 1 October 2023 |
15,891 |
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Charge for the year |
2,107 |
|
-------- |
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At 30 September 2024 |
17,998 |
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-------- |
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Carrying amount |
|
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At 30 September 2024 |
6,320 |
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-------- |
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At 30 September 2023 |
5,593 |
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-------- |
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5.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Trade debtors |
111,123 |
186,163 |
|
Other debtors |
156,640 |
177,922 |
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--------- |
--------- |
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267,763 |
364,085 |
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--------- |
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6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Trade creditors |
72,890 |
67,065 |
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Corporation tax |
– |
21,305 |
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Social security and other taxes |
98,821 |
82,418 |
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Other creditors |
11,096 |
46,376 |
|
Other creditors |
60,231 |
43,674 |
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--------- |
--------- |
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243,038 |
260,838 |
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--------- |
--------- |
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7.
Director's advances, credits and guarantees
During the year, the Director withdrew funds totalling £87,518 and it is anticipated that these will be repaid to the company before 30th June 2025.