Richard Wilson Solicitors Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05393894 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Richard Wilson Solicitors Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs K A Charles

J M Charles

REGISTERED OFFICE:

Cymbal House

High Street

Goring on Thames

Berkshire

RG8 9AU

REGISTERED NUMBER:

05393894 (England and Wales)

ACCOUNTANTS:

Geoffrey Cole & Co

Chartered Accountants

4 Reading Road

Pangbourne

Reading

Berkshire

RG8 7LY

FIXED ASSETS

Intangible assets

4

-

61,454

Tangible assets

5

4,958

1,609

4,958

63,063

CURRENT ASSETS

Debtors

6

193,983

221,838

Cash at bank and in hand

178,306

128,432

372,289

350,270

CREDITORS

Amounts falling due within one year

7

181,377

183,880

NET CURRENT ASSETS

190,912

166,390

TOTAL ASSETS LESS CURRENT
LIABILITIES

195,870

229,453

CAPITAL AND RESERVES

Called up share capital

284

Share premium

34,420

Capital redemption reserve

19,125

Other reserves

70,000

Retained earnings

72,041

105,624

SHAREHOLDERS' FUNDS

195,870

229,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

Mrs K A Charles - Director

1.	STATUTORY INFORMATION

Richard Wilson 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.

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.

The financial statements have been prepared on a going concern basis, which assumes the company will continue in operational existence, and will be able to meet its liabilities as they fall due, for a period of at least twelve months from the date of approval of the financial statements.

Turnover

Turnover is the value of services, net of value added tax, provided to customers during the year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of former businesses, is amortised in equal instalments over 10 years, being the directors' estimate of its useful economic life.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

837,280

AMORTISATION

At 1 April 2024

775,826

Charge for year

61,454

At 31 March 2025

837,280

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

61,454

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 April 2024

28,099

45,979

74,078

Additions

-

4,758

At 31 March 2025

28,099

50,737

78,836

DEPRECIATION

At 1 April 2024

27,846

44,623

72,469

Charge for year

98

1,311

1,409

At 31 March 2025

27,944

45,934

73,878

NET BOOK VALUE

At 31 March 2025

155

4,803

4,958

At 31 March 2024

253

1,356

1,609

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

49,605

73,331

Amounts recoverable on contract

91,738

92,503

Directors' current accounts

-

5,041

Prepayments

52,640

50,963

193,983

221,838

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

7,197

2,539

Tax

32,865

39,257

Social security and other taxes

5,164

3,751

VAT

39,838

36,668

Other creditors

1,188

3,435

Directors' current accounts

1

-

Accrued expenses

95,124

98,230

181,377

183,880

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

22,000

Between one and five years

88,000

In more than five years

33,917

55,917

143,917

165,917

9.	SECURED DEBTS

Svenska Handelsbanken AB contains fixed charges and floating charges, covering all the property or undertaking of the company.

A charge was created on 9 January 2017 in favour of K A Charles, it contains fixed charges covering the assets and book debts of the company and a floating charge over all other assets of the company.

A charge was created on 13 January 2017 in favour of J M Charles, it contains fixed charges covering the assets and book debts of the company and a floating charge over all other assets of the company.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2025 Mrs K Charles, a Director, owed the company £Nil (2024 : £5,041). This loan is interest free and repayable on demand.