4 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 07760815 2023-10-01 2024-09-30 07760815 2024-09-30 07760815 2023-09-30 07760815 2022-10-01 2023-09-30 07760815 2023-09-30 07760815 2022-09-30 07760815 core:LandBuildings core:ShortLeaseholdAssets 2023-10-01 2024-09-30 07760815 core:FurnitureFittings 2023-10-01 2024-09-30 07760815 bus:Director1 2023-10-01 2024-09-30 07760815 bus:Director2 2023-10-01 2024-09-30 07760815 core:WithinOneYear 2024-09-30 07760815 core:WithinOneYear 2023-09-30 07760815 core:LandBuildings 2023-09-30 07760815 core:FurnitureFittings 2023-09-30 07760815 core:LandBuildings 2024-09-30 07760815 core:FurnitureFittings 2024-09-30 07760815 core:LandBuildings 2023-10-01 2024-09-30 07760815 core:AfterOneYear 2024-09-30 07760815 core:AfterOneYear 2023-09-30 07760815 core:UKTax 2023-10-01 2024-09-30 07760815 core:UKTax 2022-10-01 2023-09-30 07760815 core:ShareCapital 2024-09-30 07760815 core:ShareCapital 2023-09-30 07760815 core:RetainedEarningsAccumulatedLosses 2024-09-30 07760815 core:RetainedEarningsAccumulatedLosses 2023-09-30 07760815 core:AcceleratedTaxDepreciationDeferredTax 2024-09-30 07760815 core:AcceleratedTaxDepreciationDeferredTax 2023-09-30 07760815 core:LandBuildings 2023-09-30 07760815 core:FurnitureFittings 2023-09-30 07760815 bus:SmallEntities 2023-10-01 2024-09-30 07760815 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 07760815 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07760815 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07760815 bus:FullAccounts 2023-10-01 2024-09-30 07760815 core:ComputerEquipment 2023-10-01 2024-09-30 07760815 core:ComputerEquipment 2023-09-30 07760815 core:ComputerEquipment 2024-09-30
COMPANY REGISTRATION NUMBER: 07760815
Jon Mail Solicitors & Co Limited
Filleted Unaudited Financial Statements
30 September 2024
Jon Mail Solicitors & Co Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Fixed Assets
Tangible assets
6
16,579
16,393
Current Assets
Work in progress
14,000
29,000
Debtors
7
42,924
39,510
Cash at bank and in hand
106,106
42,115
---------
---------
163,030
110,625
Creditors: amounts falling due within one year
8
128,959
111,485
---------
---------
Net Current Assets/(Liabilities)
34,071
( 860)
--------
--------
Total Assets Less Current Liabilities
50,650
15,533
Creditors: amounts falling due after more than one year
9
2,667
6,667
Provisions
Taxation including deferred tax
2,547
2,112
--------
--------
Net Assets
45,436
6,754
--------
--------
Capital and Reserves
Called up share capital
100
100
Profit and loss account
45,336
6,654
--------
-------
Shareholders Funds
45,436
6,754
--------
-------
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 statement of income and retained earnings 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.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Jon Mail Solicitors & Co Limited
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 26 June 2025 , and are signed on behalf of the board by:
Mr J.R. Mail
Mr N. Inegbu
Director
Director
Company registration number: 07760815
Jon Mail Solicitors & Co Limited
Notes to the Financial Statements
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 Station House, Stamford New Road, Altrincham, Cheshire, WA14 1EP.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. 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 represents revenue earned under a variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance of its contractual obligations under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable for the work done under the terms of the contract, including disbursements and expenses incurred, but excluding value added tax.
Corporation 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. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
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:
Office Fixtures
-
10% straight line
Furniture and Equipment
-
20% reducing balance
Computer Equipment
-
20% straight line
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Work in Progress
Work in progress consisting of unbilled fees, where the ability to recover fees on a matter is non contingent, is recognised on the basis of time spent and valued at the amount expected to be billed in respect of that time.
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.
4. Employee Numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).
5. Tax on Profit
Major components of tax expense
2024
2023
£
£
Current tax:
UK current tax expense
78,265
58,002
Deferred tax:
Origination and reversal of timing differences
435
132
--------
--------
Tax on profit
78,700
58,134
--------
--------
6. Tangible Assets
Office fixtures
Furniture and equipment
Computer equipment
Total
£
£
£
£
Cost
At 1 October 2023
24,056
970
9,467
34,493
Additions
3,997
3,997
--------
----
--------
--------
At 30 September 2024
24,056
970
13,464
38,490
--------
----
--------
--------
Depreciation
At 1 October 2023
9,626
897
7,577
18,100
Charge for the year
2,405
15
1,391
3,811
--------
----
--------
--------
At 30 September 2024
12,031
912
8,968
21,911
--------
----
--------
--------
Carrying amount
At 30 September 2024
12,025
58
4,496
16,579
--------
----
--------
--------
At 30 September 2023
14,430
73
1,890
16,393
--------
----
--------
--------
7. Debtors
2024
2023
£
£
Debtors
40,466
36,835
Prepayments and accrued income
2,458
2,675
--------
--------
42,924
39,510
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
4,014
11,271
Accruals and deferred income
3,178
3,079
Corporation tax
78,265
57,975
Social security and other taxes
27,274
22,634
Director loan accounts
1,703
1,411
Other creditors - Amounts due to clients
12,193
12,810
Other creditors
2,332
2,305
---------
---------
128,959
111,485
---------
---------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
2,667
6,667
-------
-------
10. Deferred Tax
The deferred tax included in the statement of financial position is as follows:
2024
2023
£
£
Included in provisions
2,547
2,112
-------
-------
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Accelerated capital allowances
2,547
2,112
-------
-------