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REGISTERED NUMBER: 08890300 (England and Wales)















STAPLETONS SOLICITORS LIMITED
TRADING AS
STAPLETONS SOLICITORS

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






STAPLETONS SOLICITORS LIMITED (REGISTERED NUMBER: 08890300)
TRADING AS STAPLETONS SOLICITORS






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


STAPLETONS SOLICITORS LIMITED
TRADING AS STAPLETONS SOLICITORS

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr G J Stapleton
Ms S K Huseyin
Ms M Patel
Ms I S G Bekir
Mr D M Patel





REGISTERED OFFICE: 263 Green Lanes
Palmers Green
London
N13 4XE





REGISTERED NUMBER: 08890300 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3rd Floor
Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ

STAPLETONS SOLICITORS LIMITED (REGISTERED NUMBER: 08890300)
TRADING AS STAPLETONS SOLICITORS

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 50,000
Tangible assets 5 27,398 33,409
27,398 83,409

CURRENT ASSETS
Stocks 34,000 24,061
Debtors 6 43,971 18,365
Cash at bank 6,199,588 4,658,052
6,277,559 4,700,478
CREDITORS
Amounts falling due within one year 7 6,098,688 4,643,290
NET CURRENT ASSETS 178,871 57,188
TOTAL ASSETS LESS CURRENT LIABILITIES 206,269 140,597

CREDITORS
Amounts falling due after more than one year 8 (19,167 ) (29,167 )

PROVISIONS FOR LIABILITIES (3,464 ) (4,462 )
NET ASSETS 183,638 106,968

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 183,538 106,868
SHAREHOLDERS' FUNDS 183,638 106,968

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

STAPLETONS SOLICITORS LIMITED (REGISTERED NUMBER: 08890300)
TRADING AS STAPLETONS SOLICITORS

BALANCE SHEET - continued
31 JULY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 July 2025 and were signed on its behalf by:




Ms S K Huseyin - Director



Mr G J Stapleton - Director


STAPLETONS SOLICITORS LIMITED (REGISTERED NUMBER: 08890300)
TRADING AS STAPLETONS SOLICITORS

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

1. STATUTORY INFORMATION

Stapletons Solicitors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating amortisation. A full line by line review of intangible assets is carried out by management regularly. Whilst every attempt is made to ensure that the amortisation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the intangible assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed off.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

There is estimated uncertainty in calculating WIP provisions. A full line by line review of WIP is carried out at the end of each month. Whilst every attempt is made to ensure that the WIP provisions are as accurate as possible, there remains a risk that the provisions do not match the level of WIP which ultimately prove to be irrecoverable.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - not provided
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

STAPLETONS SOLICITORS LIMITED (REGISTERED NUMBER: 08890300)
TRADING AS STAPLETONS SOLICITORS

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and Other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Goodwill
Goodwill, being the amount paid in connection with the incorporation of the business in 2014, is being amortised evenly over its estimated useful life of ten years.

Work in progress
Work in progress is valued at the lower of time cost and net realisable value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

STAPLETONS SOLICITORS LIMITED (REGISTERED NUMBER: 08890300)
TRADING AS STAPLETONS SOLICITORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 500,000
AMORTISATION
At 1 August 2023 450,000
Amortisation for year 50,000
At 31 July 2024 500,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 50,000

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 August 2023
and 31 July 2024 9,089 42,996 9,220 61,305
DEPRECIATION
At 1 August 2023 1,818 22,044 4,034 27,896
Charge for year 909 3,805 1,297 6,011
At 31 July 2024 2,727 25,849 5,331 33,907
NET BOOK VALUE
At 31 July 2024 6,362 17,147 3,889 27,398
At 31 July 2023 7,271 20,952 5,186 33,409

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,089 2,930
Other debtors 39,882 15,435
43,971 18,365

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 153,269 73,441
Other creditors 5,945,419 4,569,849
6,098,688 4,643,290

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 19,167 29,167

STAPLETONS SOLICITORS LIMITED (REGISTERED NUMBER: 08890300)
TRADING AS STAPLETONS SOLICITORS

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

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 1,274 2,548
Between one and five years - 1,274
1,274 3,822

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100