Wessex Solicitors Chambers Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03159571 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

WESSEX SOLICITORS CHAMBERS LIMITED

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

37,163

27,528

37,163

27,528

CURRENT ASSETS

Stocks

12,000

12,000

Debtors

31,889

51,030

Cash at bank and in hand

350,510

319,170

394,399

382,200

CREDITORS

Amounts falling due within one year

218,763

163,569

NET CURRENT ASSETS

175,636

218,631

TOTAL ASSETS LESS CURRENT LIABILITIES

212,799

246,159

PROVISIONS FOR LIABILITIES

6,798

4,731

NET ASSETS

206,001

241,428

CAPITAL AND RESERVES

Called up share capital

4

6,654

10,000

Capital redemption reserve

3,346

-

Profit and loss account

196,001

231,428

SHAREHOLDERS' FUNDS

206,001

241,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 24 September 2015 and were signed on its behalf by:

Mr H Barrington-Clark - Director

Mrs L E M Martin - 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 amounts due from a central criminal contract with the Legal Aid Agency,

excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of two businesses in 2009, is being

amortised evenly over its estimated useful life. The estimated useful life of the goodwill on each

acquisition is five 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

-

25% on reducing balance

Stocks

Stocks represent work in progress which is valued at the lower of cost and net realisable value.

Costs include all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

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

over the period of the lease.

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 the profit and loss account in the period to which they

relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

250,000

AMORTISATION

At 1 April 2014

and 31 March 2015

250,000

NET BOOK VALUE

At 31 March 2015

-

At 31 March 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

95,480

Additions

18,761

Disposals

(1,760

)

At 31 March 2015

112,481

DEPRECIATION

At 1 April 2014

67,952

Charge for year

8,576

Eliminated on disposal

(1,210

)

At 31 March 2015

75,318

NET BOOK VALUE

At 31 March 2015

37,163

At 31 March 2014

27,528

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

6,654

Ordinary

£1

6,654

10,000

The company completed the repurchase of 3346 ordinary shares of £1 each during the year for an

aggregate consideration of £45,000.