Ellis & Co Solicitors Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08391043 (England and Wales)

Unaudited Financial Statements

for the Period 1 June 2019 to 31 March 2020

for

Ellis & Co Solicitors Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs K L Cook

D G Owen

Mrs M C Pilkington

Mrs E R Rimmer

REGISTERED OFFICE:

Douglas House

117 Foregate Street

Chester

CH1 1HE

REGISTERED NUMBER:

08391043 (England and Wales)

ACCOUNTANTS:

Pursglove & Brown

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

FIXED ASSETS

Intangible assets

4

30,000

40,000

Tangible assets

5

2,353

2,758

32,353

42,758

CURRENT ASSETS

Work in progress

10,000

10,000

Debtors

6

42,460

31,192

Cash at bank and in hand

10,186

38

62,646

41,230

CREDITORS

Amounts falling due within one year

7

107,882

73,969

NET CURRENT LIABILITIES

(45,236

)

(32,739

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(12,883

)

10,019

PROVISIONS FOR LIABILITIES

524

524

NET (LIABILITIES)/ASSETS

(13,407

)

9,495

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(13,409

)

9,493

SHAREHOLDERS' FUNDS

(13,407

)

9,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2020 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 19 November 2020 and were signed on its behalf by:

J W Ellis - Director

Ms S R Brown - Director

Miss R L Burke - Director

1.	STATUTORY INFORMATION

Ellis & Co Solicitors Ltd 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 are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover

Turnover represents the net value of services provided, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

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.

Plant and machinery etc

-

15% on reducing balance

Taxation

Taxation for the period 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 period 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.

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 period was 9 (2019 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2019

and 31 March 2020

100,000

AMORTISATION

At 1 June 2019

60,000

Charge for period

10,000

At 31 March 2020

70,000

NET BOOK VALUE

At 31 March 2020

30,000

At 31 May 2019

40,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2019

and 31 March 2020

4,758

DEPRECIATION

At 1 June 2019

2,000

Charge for period

405

At 31 March 2020

2,405

NET BOOK VALUE

At 31 March 2020

2,353

At 31 May 2019

2,758

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.5.19

£

£

Trade debtors

16,025

19,357

Other debtors

26,435

11,835

42,460

31,192

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.5.19

£

£

Bank loans and overdrafts

-

37,199

Trade creditors

5,601

5,445

Taxation and social security

39,448

27,663

Other creditors

62,833

3,662

107,882

73,969

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.20

31.5.19

£

£

Bank overdraft

-

26,782

Bank loans

-

10,417

-

37,199

9.	RELATED PARTY DISCLOSURES