Highgate Solicitors Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07313573 (England and Wales)

Financial Statements for the Year Ended 29 December 2022

for

Highgate Solicitors Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A R Chowdhury

REGISTERED OFFICE:

56 Manningham Lane

Manningham

Bradford

West Yorkshire

BD1 3EB

REGISTERED NUMBER:

07313573 (England and Wales)

ACCOUNTANTS:

Abraham Accountants

Sher House

46 Houghton Place

Bradford

West Yorkshire

BD1 3RG

FIXED ASSETS

Property, plant and equipment

4

20,742

23,046

CURRENT ASSETS

Cash at bank and in hand

124,351

277,379

CREDITORS

Amounts falling due within one year

5

(127,910

)

(289,906

)

NET CURRENT LIABILITIES

(3,559

)

(12,527

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,183

10,519

PROVISIONS FOR LIABILITIES

6

-

(328

)

NET ASSETS

17,183

10,191

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

17,083

10,091

SHAREHOLDERS' FUNDS

17,183

10,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 December 2022 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 September 2023 and were signed by:

A R Chowdhury - Director

1.	STATUTORY INFORMATION

Highgate 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.

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

Revenue 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

-

25% on cost and 15% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 30 December 2021

and 29 December 2022

51,834

DEPRECIATION

At 30 December 2021

28,788

Charge for year

2,304

At 29 December 2022

31,092

NET BOOK VALUE

At 29 December 2022

20,742

At 29 December 2021

23,046

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

70,585

205,187

Taxation and social security

54,676

81,759

Other creditors

2,649

2,960

127,910

289,906

6.	PROVISIONS FOR LIABILITIES

2022

2021

£

£

Deferred tax

Accelerated capital allowances

-

328

Deferred

tax

£

Balance at 30 December 2021

328

Credit to Income Statement during year

(328

)

Balance at 29 December 2022

-