Hutchinson Legal & Associates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07983423 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2021

for

HUTCHINSON LEGAL & ASSOCIATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr P N J Hutchinson

Miss T G Thornton

REGISTERED OFFICE:

2430 / 2440 The Quadrant

Aztec West

Almondsbury

Bristol

BS32 4AQ

REGISTERED NUMBER:

07983423 (England and Wales)

ACCOUNTANTS:

Wotton Accountancy Associates Limited

Stag House

The Chipping

Wotton under Edge

Gloucestershire

GL12 7AD

FIXED ASSETS

Tangible assets

4

47,921

59,899

CURRENT ASSETS

Debtors

5

159,841

212,484

Cash at bank

236,872

626,474

396,713

838,958

CREDITORS

Amounts falling due within one year

6

87,015

583,306

NET CURRENT ASSETS

309,698

255,652

TOTAL ASSETS LESS CURRENT LIABILITIES

357,619

315,551

CREDITORS

Amounts falling due after more than one year

7

37,033

41,511

NET ASSETS

320,586

274,040

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

320,486

273,940

320,586

274,040

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 1 July 2021 and were signed on its behalf by:

Miss T G Thornton - Director

1.	STATUTORY INFORMATION

Hutchinson Legal & Associates 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.

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 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

-

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.

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 year was 3 (2020 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

and 31 March 2021

92,242

DEPRECIATION

At 1 April 2020

32,343

Charge for year

11,978

At 31 March 2021

44,321

NET BOOK VALUE

At 31 March 2021

47,921

At 31 March 2020

59,899

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

141,176

186,359

Other debtors

18,665

26,125

159,841

212,484

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Hire purchase contracts

4,478

2,894

Trade creditors

8,477

488,451

Taxation and social security

57,344

82,701

Other creditors

16,716

9,260

87,015

583,306

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Hire purchase contracts

37,033

41,511