JG Solicitors Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08625403 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

JG SOLICITORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J J Green

REGISTERED OFFICE:

Suite 5a, Gledhow Mount Mansion

32 Roxholme Grove

LEEDS

LS7 4JJ

REGISTERED NUMBER:

08625403 (England and Wales)

ACCOUNTANTS:

Sedulo Leeds Limited

St Pauls House

23 Park Square

Leeds

West Yorkshire

LS1 2ND

FIXED ASSETS

Tangible assets

4

7,875

9,264

CURRENT ASSETS

Debtors

5

88,193

84,497

CREDITORS

Amounts falling due within one year

6

121,735

89,674

NET CURRENT LIABILITIES

(33,542

)

(5,177

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(25,667

)

4,087

CREDITORS

Amounts falling due after more than one year

7

(25,543

)

-

PROVISIONS FOR LIABILITIES

(1,760

)

(1,760

)

NET (LIABILITIES)/ASSETS

(52,970

)

2,327

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(52,971

)

2,326

SHAREHOLDERS' FUNDS

(52,970

)

2,327

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 19 December 2019 and were signed by:

J J Green - Director

1.	STATUTORY INFORMATION

JG 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 principle activity of the company in the year under review was that of a solicitors practice.

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 accounts have been prepared on the going concern basis as the Director has indicated their willingness to

continue to support the company and not require repayment of funds advanced to the company until such time as

the company is in a position to do so.

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.

Plant and machinery etc

-

15% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2018 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

and 31 March 2019

12,524

DEPRECIATION

At 1 April 2018

3,260

Charge for year

1,389

At 31 March 2019

4,649

NET BOOK VALUE

At 31 March 2019

7,875

At 31 March 2018

9,264

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

87,922

84,497

Other debtors

271

-

88,193

84,497

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans and overdrafts

19,688

11,042

Taxation and social security

588

5,238

Other creditors

101,459

73,394

121,735

89,674

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Other creditors

25,543

-