Wessex Solicitors Chambers Limited - Limited company - abbreviated - 11.0.0

Wessex Solicitors Chambers Limited - Limited company - abbreviated - 11.0.0

WESSEX SOLICITORS CHAMBERS LIMITED - Company Information

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03159571 Mr H Barrington-Clark Mr H J Y Pringle Mrs L E M Martin 1.4.13 31.3.14 31.3.14 Company accounts Private Limited Company FY true false true false true false false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure031595712013-03-31031595712014-03-31031595712013-04-012014-03-31031595712012-03-31031595712012-04-012013-03-31031595712013-03-3103159571ns12:England2013-04-012014-03-3103159571ns14:PoundSterling2013-04-012014-03-3103159571ns7:Director12013-04-012014-03-3103159571ns7:Director22013-04-012014-03-3103159571ns7:Director32013-04-012014-03-3103159571ns7:OrdinaryShareClass12013-04-012014-03-3103159571ns5:NetGoodwill2013-04-012014-03-3103159571ns5:PlantMachinery2013-04-012014-03-3103159571ns7:OrdinaryShareClass12014-03-3103159571ns7:OrdinaryShareClass12013-03-3103159571ns7:Director12013-03-3103159571ns7:Director12012-03-3103159571ns7:Director12012-04-012013-03-3103159571ns7:Director12014-03-3103159571ns7:Director12013-03-31
REGISTERED NUMBER: 03159571 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

WESSEX SOLICITORS CHAMBERS LIMITED

WESSEX SOLICITORS CHAMBERS LIMITED (REGISTERED NUMBER: 03159571)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

WESSEX SOLICITORS CHAMBERS LIMITED (REGISTERED NUMBER: 03159571)

ABBREVIATED BALANCE SHEET
31 MARCH 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - 50,000
Tangible assets 3 27,528 22,707
27,528 72,707

CURRENT ASSETS
Stocks 12,000 12,000
Debtors 51,030 112,853
Cash at bank and in hand 319,170 245,051
382,200 369,904
CREDITORS
Amounts falling due within one year 163,569 193,076
NET CURRENT ASSETS 218,631 176,828
TOTAL ASSETS LESS CURRENT
LIABILITIES
246,159
249,535

PROVISIONS FOR LIABILITIES 4,731 3,956
NET ASSETS 241,428 245,579

CAPITAL AND RESERVES
Called up share capital 4 10,000 10,000
Profit and loss account 231,428 235,579
SHAREHOLDERS' FUNDS 241,428 245,579

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 notes form part of these abbreviated accounts

Page 1 continued...
WESSEX SOLICITORS CHAMBERS LIMITED (REGISTERED NUMBER: 03159571)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2014


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 11 July 2014 and were signed on its
behalf by:




Mr H Barrington-Clark - Director Mr H J Y Pringle - Director




Mrs L E M Martin - Director


The notes form part of these abbreviated accounts

Page 2
WESSEX SOLICITORS CHAMBERS LIMITED (REGISTERED NUMBER: 03159571)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents amounts due from a central criminal contract with the Legal Aid Agency,
excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of two businesses in 2009, is being
amortised evenly over its estimated useful life. The estimated useful life of the goodwill on each
acquisition is five years.

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

Plant and machinery etc - 25% on reducing balance

Stocks
Stocks represent work in progress which is valued at the lower of cost and net realisable value.

Costs include all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they
relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 250,000
AMORTISATION
At 1 April 2013 200,000
Amortisation for year 50,000
At 31 March 2014 250,000
NET BOOK VALUE

At 31 March 2014 -
At 31 March 2013 50,000

Page 3 continued...
WESSEX SOLICITORS CHAMBERS LIMITED (REGISTERED NUMBER: 03159571)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013 81,436
Additions 14,044
At 31 March 2014 95,480
DEPRECIATION
At 1 April 2013 58,729
Charge for year 9,223
At 31 March 2014 67,952
NET BOOK VALUE
At 31 March 2014 27,528
At 31 March 2013 22,707

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
10,000 Ordinary £1 10,000 10,000

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2014 and
31 March 2013:

2014 2013
£    £   
Mr H Barrington-Clark
Balance outstanding at start of year 10,346 13,034
Amounts advanced - 124,000
Amounts repaid (10,346 ) (126,688 )
Balance outstanding at end of year - 10,346

Page 4