Hollingsworths Solicitors Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06956455 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 28 February 2015

for

Hollingsworths Solicitors Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr G Hollingsworth

Mr A D Jansari

SECRETARY:

T W Secretarial Services Limited

REGISTERED OFFICE:

19 New Walk

Leicester

LE1 6TE

REGISTERED NUMBER:

06956455 (England and Wales)

ACCOUNTANTS:

torr waterfield

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Intangible assets

2

36,000

42,000

Tangible assets

3

4,198

4,873

40,198

46,873

CURRENT ASSETS

Debtors

50,270

60,093

Cash at bank

103,189

659,566

153,459

719,659

CREDITORS

Amounts falling due within one year

4

87,671

684,573

NET CURRENT ASSETS

65,788

35,086

TOTAL ASSETS LESS CURRENT LIABILITIES

105,986

81,959

CREDITORS

Amounts falling due after more than one year

(8,929

)

(15,626

)

PROVISIONS FOR LIABILITIES

(839

)

(974

)

NET ASSETS

96,218

65,359

CAPITAL AND RESERVES

Called up share capital

5

1

1

Profit and loss account

96,217

65,358

SHAREHOLDERS' FUNDS

96,218

65,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 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 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 6 July 2015 and were signed on its behalf by:

Mr G Hollingsworth - Director

Mr A D Jansari - Director

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 net invoiced sales of services, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33 1/3% on cost

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

and 28 February 2015

60,000

AMORTISATION

At 1 March 2014

18,000

Amortisation for year

6,000

At 28 February 2015

24,000

NET BOOK VALUE

At 28 February 2015

36,000

At 28 February 2014

42,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

23,802

Additions

3,918

At 28 February 2015

27,720

DEPRECIATION

At 1 March 2014

18,929

Charge for year

4,593

At 28 February 2015

23,522

NET BOOK VALUE

At 28 February 2015

4,198

At 28 February 2014

4,873

4.

CREDITORS

Creditors include an amount of £ 0 (28.2.14 - £ 1,892 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.15

28.2.14

value:

£

£

1

Ordinary 'A'

£1

1

1