Sharow Legal Services Ltd - Accounts to registrar (filleted) - small 23.1.2

Sharow Legal Services Ltd

Unaudited Financial Statements for the Year Ended 30 August 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Rowley

M C C Rowley

REGISTERED OFFICE:

91 Albert Road

Widnes

Cheshire

WA8 6JS

REGISTERED NUMBER:

04837732 (England and Wales)

ACCOUNTANTS:

Matthews Sutton & Co Ltd

Chartered Certified Accountants

48 - 52 Penny Lane

Mossley Hill

Liverpool

Merseyside

L18 1DG

FIXED ASSETS

Intangible assets

4

2,500

2,500

Tangible assets

5

4,275

1,634

6,775

4,134

CURRENT ASSETS

Debtors

6

798,939

756,090

Cash at bank

754,316

545,658

1,553,255

1,301,748

CREDITORS

Amounts falling due within one year

7

311,953

351,764

NET CURRENT ASSETS

1,241,302

949,984

TOTAL ASSETS LESS CURRENT LIABILITIES

1,248,077

954,118

CREDITORS

Amounts falling due after more than one year

8

38,722

43,974

NET ASSETS

1,209,355

910,144

CAPITAL AND RESERVES

Called up share capital

1,002

1,002

Retained earnings

1,208,353

909,142

SHAREHOLDERS' FUNDS

1,209,355

910,144

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 August 2022 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 30 May 2023 and were signed on its behalf by:

S Rowley - Director

1.	STATUTORY INFORMATION

Sharow Legal Services 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.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, 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.

Plant and machinery etc

-

15% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2021 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 31 August 2021

and 30 August 2022

30,000

2,500

32,500

AMORTISATION

At 31 August 2021

and 30 August 2022

30,000

-

30,000

NET BOOK VALUE

At 30 August 2022

-

2,500

2,500

At 30 August 2021

-

2,500

2,500

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 31 August 2021

11,888

Additions

5,301

Disposals

(5,574

)

At 30 August 2022

11,615

DEPRECIATION

At 31 August 2021

10,254

Charge for year

2,660

Eliminated on disposal

(5,574

)

At 30 August 2022

7,340

NET BOOK VALUE

At 30 August 2022

4,275

At 30 August 2021

1,634

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

250,594

131,628

Amounts owed by group undertakings

528,816

604,816

Other debtors

19,529

19,646

798,939

756,090

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

5,015

4,817

Trade creditors

25,768

63,860

Taxation and social security

245,121

256,898

Other creditors

36,049

26,189

311,953

351,764

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

38,722

43,974

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

16,931

22,962

9.	ULTIMATE PARENT COMPANY

The ultimate parent company is Sharow Property Services Ltd, a company registered in England & Wales.