Company registration number 05778386 (England and Wales)
Easthams Solicitors Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 September 2024
PAGES FOR FILING WITH REGISTRAR
Easthams Solicitors Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Easthams Solicitors Limited
Statement Of Financial Position
as at 30 September 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
76,269
94,175
Current assets
Stocks
601,113
670,761
Debtors
1,021,589
740,737
Cash at bank and in hand
2,077,976
1,138,007
3,700,678
2,549,505
Creditors: amounts falling due within one year
(3,454,064)
(2,308,177)
Net current assets
246,614
241,328
Total assets less current liabilities
322,883
335,503
Provisions for liabilities
(18,956)
(23,408)
Net assets
303,927
312,095
Capital and reserves
Called up share capital
5
30
30
Profit and loss reserves
303,897
312,065
Total equity
303,927
312,095
Easthams Solicitors Limited
Statement Of Financial Position (continued)
as at 30 September 2024
30 September 2024
- 2 -
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 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.
These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 27 March 2025 and are signed on its behalf by:
Ms D Hepplestall
Mr M Evans
Director
Director
Company registration number 05778386 (England and Wales)
Easthams Solicitors Limited
Notes to the financial statements
for the year ended 30 September 2024
- 3 -
1
Accounting policies
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.
Turnover
Turnover represents the total recognised fee income, excluding value added tax, for the year and derives from the provision of services falling within the company's ordinary activities.
Intangible fixed assets - goodwill
Acquired goodwill is written off in equal instalments over its estimated useful economic life.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
- 25% straight line
Computer equipment
- 33% straight line
Stocks
Work in progress is valued on non-contingent work at selling price and on other work at the lower of cost and net realisable value.
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 income statement 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.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences. Such liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in the transaction that affects neither the tax profit nor the accounting profit.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Easthams Solicitors Limited
Notes to the financial statements (continued)
for the year ended 30 September 2024
1
Accounting policies
(continued)
- 4 -
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
47
46
3
Intangible fixed assets
Total
£
Cost
At 1 October 2023 and 30 September 2024
85,000
Amortisation and impairment
At 1 October 2023 and 30 September 2024
85,000
Carrying amount
At 30 September 2024
At 30 September 2023
4
Tangible fixed assets
Fixtures and fittings
Computer equipment
Total
£
£
£
Cost
At 1 October 2023
78,282
172,228
250,510
Additions
6,828
20,255
27,083
At 30 September 2024
85,110
192,483
277,593
Depreciation and impairment
At 1 October 2023
41,131
115,204
156,335
Depreciation charged in the year
15,139
29,850
44,989
At 30 September 2024
56,270
145,054
201,324
Carrying amount
At 30 September 2024
28,840
47,429
76,269
At 30 September 2023
37,151
57,024
94,175
Easthams Solicitors Limited
Notes to the financial statements (continued)
for the year ended 30 September 2024
- 5 -
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
30
30
30
30
6
Parent company
The company was controlled by the directors throughout the year by virtue of their 100% shareholding in the holding company ES Law Holdings Limited.
7
Company information
Easthams Solicitors Limited is a private company limited by shares incorporated in England and Wales. The registered office is Continental House, 292/302 Church Street, Blackpool, Lancashire, FY1 3QA.