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Company Registration No. 7179555 (England and Wales)
Grimsby Solicitors Limited Unaudited accounts for the year ended 28 February 2025
Grimsby Solicitors Limited Unaudited accounts Contents
Page
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Grimsby Solicitors Limited Company Information for the year ended 28 February 2025
Directors
Philip King Steve Johnson Jack Parr
Company Number
7179555 (England and Wales)
Registered Office
Riverhead Chambers 9 New Street Grimsby North East Lincolnshire DN31 1HQ England
Accountants
D H Tuck & Co Limited Fiveways Business Centre 167 Park Street Cleethorpes North East Lincolnshire DN35 7LX
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Grimsby Solicitors Limited Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,021 
24,031 
Current assets
Debtors
80,544 
197,155 
Cash at bank and in hand
254,113 
93,918 
334,657 
291,073 
Creditors: amounts falling due within one year
(188,010)
(184,472)
Net current assets
146,647 
106,601 
Total assets less current liabilities
162,668 
130,632 
Creditors: amounts falling due after more than one year
(18,466)
(32,736)
Net assets
144,202 
97,896 
Capital and reserves
Called up share capital
150 
150 
Profit and loss account
144,052 
97,746 
Shareholders' funds
144,202 
97,896 
For the year ending 28 February 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2025 and were signed on its behalf by
Philip King Director Company Registration No. 7179555
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Grimsby Solicitors Limited Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Grimsby Solicitors Limited is a private company, limited by shares, registered in England and Wales, registration number 7179555. The registered office is Riverhead Chambers, 9 New Street, Grimsby, North East Lincolnshire, DN31 1HQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Motor vehicles
25%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is to be written off on a straight line basis over 10 a year period.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2024
74,999 
At 28 February 2025
74,999 
Amortisation
At 1 March 2024
74,999 
At 28 February 2025
74,999 
Net book value
At 28 February 2025
- 
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Grimsby Solicitors Limited Notes to the Accounts for the year ended 28 February 2025
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2024
1 
32,040 
32,041 
At 28 February 2025
1 
32,040 
32,041 
Depreciation
At 1 March 2024
- 
8,010 
8,010 
Charge for the year
- 
8,010 
8,010 
At 28 February 2025
- 
16,020 
16,020 
Net book value
At 28 February 2025
1 
16,020 
16,021 
At 29 February 2024
1 
24,030 
24,031 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
41,731 
102,155 
Other debtors
- 
15,000 
41,731 
117,155 
Amounts falling due after more than one year
Other debtors
38,813 
80,000 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
54,156 
42,065 
Obligations under finance leases and hire purchase contracts
3,566 
3,566 
Trade creditors
16,683 
12,013 
Taxes and social security
98,105 
82,160 
Other creditors
5,500 
5,295 
Loans from directors
- 
29,373 
188,010 
184,472 
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
3,380 
13,333 
Obligations under finance leases and hire purchase contracts
15,086 
19,403 
18,466 
32,736 
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Grimsby Solicitors Limited Notes to the Accounts for the year ended 28 February 2025
9
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
150 Ordinary shares of £1 each
150 
150 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Philip King
Directors Loan Account
12,131 
77,169 
80,000 
9,300 
Steve Johnson
Directors Loan Account
3,383 
82,586 
80,000 
5,969 
Jack Parr
Directors Loan Account
(44,888)
133,431 
80,000 
8,543 
(29,374)
293,186 
240,000 
23,812 
11
Average number of employees
During the year the average number of employees was 25 (2024: 25).
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