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
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
Grimsby Solicitors Limited
Statement of financial position
as at 28 February 2025
Tangible assets
16,021
24,031
Cash at bank and in hand
254,113
93,918
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)
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
Grimsby Solicitors Limited
Notes to the Accounts
for the year ended 28 February 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
At 28 February 2025
74,999
At 28 February 2025
74,999
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
At 1 March 2024
-
8,010
8,010
Charge for the year
-
8,010
8,010
At 28 February 2025
-
16,020
16,020
At 28 February 2025
1
16,020
16,021
At 29 February 2024
1
24,030
24,031
Amounts falling due within one year
Trade debtors
41,731
102,155
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
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
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
15,086
19,403
Grimsby Solicitors Limited
Notes to the Accounts
for the year ended 28 February 2025
Allotted, called up and fully paid:
150 Ordinary shares of £1 each
150
150
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
12,131
77,169
80,000
9,300
Directors Loan Account
3,383
82,586
80,000
5,969
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).