Registered number
06720191
HPA Solicitors Ltd
Filleted Accounts
31 August 2024
HPA Solicitors Ltd
Registered number: 06720191
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 37,909 47,386
Current assets
Debtors 4 3,884,538 3,588,638
Cash at bank and in hand 813,246 706,107
4,697,784 4,294,745
Creditors: amounts falling due within one year 5 (3,022,171) (2,692,126)
Net current assets 1,675,613 1,602,619
Net assets 1,713,522 1,650,005
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,713,422 1,649,905
Shareholders' funds 1,713,522 1,650,005
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Zainul Aabedin Patel
Director
Approved by the board on 13 September 2024
HPA Solicitors Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Office equipment reducing balance method 20%
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 15 15
3 Tangible fixed assets
Office equipment
£
Cost
At 1 September 2023 196,906
At 31 August 2024 196,906
Depreciation
At 1 September 2023 149,520
Charge for the year 9,477
At 31 August 2024 158,997
Net book value
At 31 August 2024 37,909
At 31 August 2023 47,386
4 Debtors 2024 2023
£ £
Other debtors 3,884,538 3,588,638
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 96,605 64,756
Other creditors 2,925,566 2,627,370
3,022,171 2,692,126
6 Other information
HPA Solicitors Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Victoria House
87-89 Regent Street
Blackburn
Lancashire
BB1 6DR
HPA Solicitors Ltd 06720191 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts July 2024 Zainul Aabedin Patel No description of principal activity 06720191 2022-09-01 2023-08-31 06720191 core:WithinOneYear 2023-08-31 06720191 core:ShareCapital 2023-08-31 06720191 core:RetainedEarningsAccumulatedLosses 2023-08-31 06720191 2023-09-01 2024-08-31 06720191 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 06720191 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 06720191 bus:Director40 2023-09-01 2024-08-31 06720191 1 2023-09-01 2024-08-31 06720191 2 2023-09-01 2024-08-31 06720191 core:PlantMachinery 2023-09-01 2024-08-31 06720191 countries:England 2023-09-01 2024-08-31 06720191 bus:FRS102 2023-09-01 2024-08-31 06720191 bus:FilletedAccounts 2023-09-01 2024-08-31 06720191 2024-08-31 06720191 core:WithinOneYear 2024-08-31 06720191 core:ShareCapital 2024-08-31 06720191 core:RetainedEarningsAccumulatedLosses 2024-08-31 06720191 core:PlantMachinery 2024-08-31 06720191 2023-08-31 06720191 core:PlantMachinery 2023-08-31 iso4217:GBP xbrli:pure