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REGISTERED NUMBER: 09654163















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

SMALLEYS SOLICITORS LTD

SMALLEYS SOLICITORS LTD (REGISTERED NUMBER: 09654163)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMALLEYS SOLICITORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: K Sandhu
T S Gill





REGISTERED OFFICE: 5 The Quadrant
Coventry
CV1 2EL





REGISTERED NUMBER: 09654163





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

SMALLEYS SOLICITORS LTD (REGISTERED NUMBER: 09654163)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 7,500 10,000
Tangible assets 5 94,942 106,549
102,442 116,549

CURRENT ASSETS
Debtors 6 403,644 302,593
Cash at bank and in hand 157,135 165,587
560,779 468,180
CREDITORS
Amounts falling due within one year 7 147,115 185,957
NET CURRENT ASSETS 413,664 282,223
TOTAL ASSETS LESS CURRENT
LIABILITIES

516,106

398,772

CREDITORS
Amounts falling due after more than one year 8 - (18,182 )

PROVISIONS FOR LIABILITIES (19,017 ) (17,107 )
NET ASSETS 497,089 363,483

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 496,089 362,483
497,089 363,483

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SMALLEYS SOLICITORS LTD (REGISTERED NUMBER: 09654163)

BALANCE SHEET - continued
31 AUGUST 2024


The 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, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:





K Sandhu - Director


SMALLEYS SOLICITORS LTD (REGISTERED NUMBER: 09654163)

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


1. STATUTORY INFORMATION

Smalleys Solicitors Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 .

SMALLEYS SOLICITORS LTD (REGISTERED NUMBER: 09654163)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 25,000
AMORTISATION
At 1 September 2023 15,000
Amortisation for year 2,500
At 31 August 2024 17,500
NET BOOK VALUE
At 31 August 2024 7,500
At 31 August 2023 10,000

5. TANGIBLE FIXED ASSETS
Fixtures
Long and
leasehold fittings Totals
£    £    £   
COST
At 1 September 2023 60,740 96,735 157,475
Additions - 9,180 9,180
At 31 August 2024 60,740 105,915 166,655
DEPRECIATION
At 1 September 2023 10,451 40,475 50,926
Charge for year 12,281 8,506 20,787
At 31 August 2024 22,732 48,981 71,713
NET BOOK VALUE
At 31 August 2024 38,008 56,934 94,942
At 31 August 2023 50,289 56,260 106,549

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 224,894 244,328
Amounts owed by group undertakings 159,656 -
Other debtors 19,094 58,265
403,644 302,593

SMALLEYS SOLICITORS LTD (REGISTERED NUMBER: 09654163)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 40,909
Trade creditors 21,349 5,790
Taxation and social security 113,955 84,217
Other creditors 11,811 55,041
147,115 185,957

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 18,182

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 18,182