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Registered number: 08516639
Atkinson Solicitors Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
NP10 8FY
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Director Mr D A Trott
Company Number 08516639
Registered Office Agincourt House
14 Clytha Park Road
Newport
NP20 4PB
Accountants HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
NP10 8FY
Page 1
Page 2
Balance Sheet
Registered number: 08516639
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 4,235 5,761
4,235 5,761
CURRENT ASSETS
Stocks 6 50,200 -
Debtors 7 90,433 161,824
Cash at bank and in hand 29,849 24,451
170,482 186,275
Creditors: Amounts Falling Due Within One Year 8 (69,556 ) (90,489 )
NET CURRENT ASSETS (LIABILITIES) 100,926 95,786
TOTAL ASSETS LESS CURRENT LIABILITIES 105,161 101,547
Creditors: Amounts Falling Due After More Than One Year 9 (42,396 ) (24,883 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (939 )
NET ASSETS 62,765 75,725
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 62,665 75,625
SHAREHOLDERS' FUNDS 62,765 75,725
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Page 3
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 29 September 2025 and were signed on its behalf by:
Mr D A Trott
Director
29 September 2025
The notes on pages 4 to 7 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Atkinson Solicitors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08516639 . The registered office is Agincourt House, 14 Clytha Park Road, Newport, NP20 4PB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Significant judgements and estimations
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period the revision and future periods where the revisions affects both current and future periods
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 10% straight line
Fixtures & Fittings 25% reduced balance
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 400,000
As at 31 December 2024 400,000
Amortisation
As at 1 January 2024 400,000
As at 31 December 2024 400,000
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2024 21,109 36,922 58,031
Additions - 4,954 4,954
Disposals (21,109 ) (34,753 ) (55,862 )
As at 31 December 2024 - 7,123 7,123
Depreciation
As at 1 January 2024 21,109 31,161 52,270
...CONTINUED
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Page 6
Provided during the period - 1,098 1,098
Disposals (21,109 ) (29,371 ) (50,480 )
As at 31 December 2024 - 2,888 2,888
Net Book Value
As at 31 December 2024 - 4,235 4,235
As at 1 January 2024 - 5,761 5,761
6. Stocks
2024 2023
£ £
Work in progress 50,200 -
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 78,067 129,672
Other debtors 12,366 32,152
90,433 161,824
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 8,850 8,850
Other loans 8,400 -
Amounts owed to participating interests (1,566 ) (518 )
Other creditors 28,083 45,657
Taxation and social security 25,789 36,500
69,556 90,489
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 15,096 24,883
Other loans 27,300 -
42,396 24,883
10. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 59,646 33,733
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11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr David Trott 10,042 101,780 (112,179 ) - (357 )
The above loan is unsecured, interest free and repayable on demand.
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