KSN Solicitors Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07168666 (England and Wales)

Financial Statements

for the Year Ended 31 March 2021

for

KSN Solicitors Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

T A Barrett

REGISTERED OFFICE:

York House

37 Heatherdale Road

Camberley

Surrey

GU15 2LT

REGISTERED NUMBER:

07168666 (England and Wales)

ACCOUNTANTS:

Barnbrook Sinclair

Chartered Accountants

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Intangible assets

5

-

-

Property, plant and equipment

6

2,488

3,529

2,488

3,529

CURRENT ASSETS

Debtors

7

138,486

197,292

Cash at bank and in hand

187,666

294,872

326,152

492,164

CREDITORS

Amounts falling due within one year

8

(116,174

)

(155,764

)

NET CURRENT ASSETS

209,978

336,400

TOTAL ASSETS LESS CURRENT LIABILITIES

212,466

339,929

CAPITAL AND RESERVES

Called up share capital

125

125

Retained earnings

212,341

339,804

SHAREHOLDERS' FUNDS

212,466

339,929

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 November 2021 and were signed by:

T A Barrett - Director

1.	STATUTORY INFORMATION

KSN 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010 was being amortised over a period of 20 Years. The useful life of the goodwill was reassessed in 2018 with the result that the remaining life was expected to be a further 2 years and amortisation was provided to write off the balance over the remaining period.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 5 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 April 2020

and 31 March 2021

35,000

Amortisation

At 1 April 2020

and 31 March 2021

35,000

Net book value

At 31 March 2021

-

At 31 March 2020

-

6.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 April 2020

2,670

5,131

7,801

Disposals

-

(375

)

(375

)

At 31 March 2021

2,670

4,756

7,426

Depreciation

At 1 April 2020

1,128

3,144

4,272

Charge for year

386

497

883

Eliminated on disposal

-

(217

)

(217

)

At 31 March 2021

1,514

3,424

4,938

Net book value

At 31 March 2021

1,156

1,332

2,488

At 31 March 2020

1,542

1,987

3,529

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/21

31/3/20

£

£

Trade debtors

124,547

197,292

Other debtors

13,939

-

138,486

197,292

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/21

31/3/20

£

£

Trade creditors

7,032

600

Taxation and social security

22,522

88,841

Other creditors

86,620

66,323

116,174

155,764