ABBEY SOLICITORS LIMITED

ABBEY SOLICITORS LIMITED

ABBEY SOLICITORS LIMITED - Company Information

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ABBEY SOLICITORS LIMITED

Company Registration Number:
06404593 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2021

Period of accounts

Start date: 01 April 2020

End date: 31 March 2021

ABBEY SOLICITORS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2021

Balance sheet
Notes

ABBEY SOLICITORS LIMITED

Balance sheet

As at 31 March 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 15,466 17,943
Total fixed assets: 15,466 17,943
Current assets
Stocks: 300,000 300,000
Debtors:   542,917 535,659
Cash at bank and in hand: 407,230 373,941
Total current assets: 1,250,147 1,209,600
Creditors: amounts falling due within one year: 4 (626,708) (629,198)
Net current assets (liabilities): 623,439 580,402
Total assets less current liabilities: 638,905 598,345
Creditors: amounts falling due after more than one year: 5 (88,889)
Total net assets (liabilities): 550,016 598,345
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 549,916 598,245
Shareholders funds: 550,016 598,345

The notes form part of these financial statements

ABBEY SOLICITORS LIMITED

Balance sheet statements

For the year ending 31 March 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 October 2021
and signed on behalf of the board by:

Name: N Ullah
Status: Director

The notes form part of these financial statements

ABBEY SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the fees invoiced in the year as solicitors.

Tangible fixed assets and depreciation policy

Assets are depreciated at 25% per annum.

ABBEY SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

2. Employees

2021 2020
Average number of employees during the period 36 41

ABBEY SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

3. Tangible Assets

Total
Cost £
At 01 April 2020 58,200
Additions 3,977
At 31 March 2021 62,177
Depreciation
At 01 April 2020 40,257
Charge for year 6,454
At 31 March 2021 46,711
Net book value
At 31 March 2021 15,466
At 31 March 2020 17,943

ABBEY SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

4. Creditors: amounts falling due within one year note

Trade Creditors £278,005, Other creditors £9,051, Taxation £228,541, Bank loan £111,111.

ABBEY SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

5. Creditors: amounts falling due after more than one year note

Bank loan £88,889.