Fodens Solicitors Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07209925 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

FODENS SOLICITORS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S M Foden

Mrs K E Davies

Mrs S J Price

Mr L Young

Ms L C Howard

REGISTERED OFFICE:

Fodens Business Centre

M54 Junction 6

Lawley

Telford

Shropshire

TF3 5HL

REGISTERED NUMBER:

07209925 (England and Wales)

ACCOUNTANTS:

Stanton Ralph & Co Limited

Chartered Accountants

The Old Police Station

Whitburn Street

Bridgnorth

Shropshire

WV16 4QP

FIXED ASSETS

-

Intangible assets

4

-

20,092

Tangible assets

5

15,334

20,092

15,334

CURRENT ASSETS

392,873

Debtors

304,043

201,381

Cash at bank and in hand

362,793

594,254

666,836

CREDITORS

246,628

Amounts falling due within one year

299,958

347,626

NET CURRENT ASSETS

366,878

367,718

TOTAL ASSETS LESS CURRENT LIABILITIES

382,212

4,200

PROVISIONS FOR LIABILITIES

6

3,100

363,518

NET ASSETS

379,112

CAPITAL AND RESERVES

100

Called up share capital

7

100

363,418

Retained earnings

379,012

363,518

SHAREHOLDERS' FUNDS

379,112

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

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 30th September 2025 and were signed on its behalf by:

Mr S M Foden - Director

Mrs K E Davies - Director

Mrs S J Price - Director

1.	STATUTORY INFORMATION

Fodens 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.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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.

Land and buildings

-

over the period of the lease

Plant and machinery etc

-

20% on cost and 20% on reducing balance

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 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 contributes to defined contribution pension schemes on behalf of its directors. Contributions payable to the pension scheme are charged to the profit and loss account in the period to which they relate.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administration expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2024

and 31st December 2024

250,000

AMORTISATION

At 1st January 2024

and 31st December 2024

250,000

NET BOOK VALUE

At 31st December 2024

-

At 31st December 2023

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2024

and 31st December 2024

107,365

DEPRECIATION

At 1st January 2024

87,273

Charge for year

4,758

At 31st December 2024

92,031

NET BOOK VALUE

At 31st December 2024

15,334

At 31st December 2023

20,092

6.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

Deferred tax

3,100

4,200

Deferred

tax

£

Balance at 1st January 2024

4,200

Credit to Income Statement during year

(1,100

)

Balance at 31st December 2024

3,100

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

45

A Ordinary

£1

45

B Ordinary

£1

45

10

C Ordinary

£1

10

100

8.	RELATED PARTY DISCLOSURES

During the year the company made loans of £12,500 to (2023 - £42,000 received from) Foden Property (Lawley) Limited which is controlled by Mrs K E Davies and Mr S Foden, directors. At 31st December 2024 £6,242 was owed from (2023 - £6,258 owed to) Foden Property (Lawley) Limited.

During the year the company made net loans of £nil (2023 - £18,132) to Fodens LLP which is controlled by Mr S Foden, director. At 31st December 2024 £20,859 (2023 - £20,859) was owed by Fodens LLP.

During the year the company made net loans of £nil (2023 - £nil) to PIP Limited a company in which Mr S Foden is a shareholder. At 31st December 2024 £7,000 (2023 - £7,000) was owed by PIP Limited.