Leadbeater And Kay Solicitors Limited 09774298 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is solicitors. Digita Accounts Production Advanced 6.30.9574.0 true true 09774298 2023-10-01 2024-09-30 09774298 2024-09-30 09774298 core:RetainedEarningsAccumulatedLosses 2024-09-30 09774298 core:ShareCapital 2024-09-30 09774298 core:CurrentFinancialInstruments 2024-09-30 09774298 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 09774298 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 09774298 core:Goodwill 2024-09-30 09774298 core:OfficeEquipment 2024-09-30 09774298 bus:SmallEntities 2023-10-01 2024-09-30 09774298 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 09774298 bus:FilletedAccounts 2023-10-01 2024-09-30 09774298 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09774298 bus:RegisteredOffice 2023-10-01 2024-09-30 09774298 bus:Director1 2023-10-01 2024-09-30 09774298 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09774298 core:Goodwill 2023-10-01 2024-09-30 09774298 core:NetGoodwill 2023-10-01 2024-09-30 09774298 core:OfficeEquipment 2023-10-01 2024-09-30 09774298 countries:EnglandWales 2023-10-01 2024-09-30 09774298 2023-09-30 09774298 core:Goodwill 2023-09-30 09774298 core:OfficeEquipment 2023-09-30 09774298 2022-10-01 2023-09-30 09774298 2023-09-30 09774298 core:RetainedEarningsAccumulatedLosses 2023-09-30 09774298 core:ShareCapital 2023-09-30 09774298 core:CurrentFinancialInstruments 2023-09-30 09774298 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 09774298 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 09774298 core:Goodwill 2023-09-30 09774298 core:OfficeEquipment 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 09774298

Leadbeater And Kay Solicitors Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Leadbeater And Kay Solicitors Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Leadbeater And Kay Solicitors Limited

(Registration number: 09774298)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

39,000

58,500

Tangible assets

5

2,309

3,466

 

41,309

61,966

Current assets

 

Debtors

6

232,917

137,600

Cash at bank and in hand

 

257

240

 

233,174

137,840

Creditors: Amounts falling due within one year

7

(248,005)

(207,996)

Net current liabilities

 

(14,831)

(70,156)

Total assets less current liabilities

 

26,478

(8,190)

Creditors: Amounts falling due after more than one year

7

(25,932)

(31,487)

Net assets/(liabilities)

 

546

(39,677)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

544

(39,679)

Shareholders' funds/(deficit)

 

546

(39,677)

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Leadbeater And Kay Solicitors Limited

(Registration number: 09774298)
Balance Sheet as at 30 September 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 June 2025 and signed on its behalf by:
 

.........................................
Ms D J Leadbeater
Director

 

Leadbeater And Kay Solicitors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1-5 Birch Terrace
Stoke-On-Trent
ST1 3JN
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by a bank and other finance providers. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Leadbeater And Kay Solicitors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

straight line over 5 years

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

straight line over 10 years

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2023 - 11).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 October 2023

195,000

195,000

At 30 September 2024

195,000

195,000

Amortisation

At 1 October 2023

136,500

136,500

Amortisation charge

19,500

19,500

At 30 September 2024

156,000

156,000

Carrying amount

At 30 September 2024

39,000

39,000

At 30 September 2023

58,500

58,500

 

Leadbeater And Kay Solicitors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 October 2023

12,556

12,556

At 30 September 2024

12,556

12,556

Depreciation

At 1 October 2023

9,090

9,090

Charge for the year

1,157

1,157

At 30 September 2024

10,247

10,247

Carrying amount

At 30 September 2024

2,309

2,309

At 30 September 2023

3,466

3,466

6

Debtors

Current

2024
£

2023
£

Trade debtors

47,473

45,021

Prepayments

47,428

46,379

Other debtors

138,016

46,200

 

232,917

137,600

 

Leadbeater And Kay Solicitors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

203,660

180,453

Trade creditors

 

2,556

2,383

Taxation and social security

 

35,721

19,004

Accruals and deferred income

 

2,418

1,865

Other creditors

 

3,650

4,291

 

248,005

207,996

Current loans and borrowings

2024
£

2023
£

Bank borrowings

47,333

47,333

Bank overdrafts

156,327

133,120

203,660

180,453

The bank overdraft is secured of £156,327 (2023: £133,120). Security is provided by way of a fixed and floating charge covering all the property or undertaking of the company.

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Bank borrowings

25,932

31,487